For release: Feb. 9, 2001
Contact: Charles B. Henderson, (314) 444-8311

Little Rock Branch of St. Louis Fed Announces 2001 Board Changes

ST. LOUIS -- The Little Rock Branch of the Federal Reserve Bank of St. Louis announced the following changes to its boards of directors for 2001:

Cynthia J. Brinkley, president of Arkansas Southwestern Bell Telephone Company, has been appointed to a three-year term on the Little Rock Branch board of directors by the Board of Governors of the Federal Reserve System in Washington, D.C. Brinkley also is a member of the boards of directors of the Arkansas Business and Education Alliance, the Arkansas Executive Forum, the Arkansas Arts Center, the University of Arkansas Medical Sciences Foundation and the Southern Global Strategies Council.

David R. Estes, president and chief executive officer of First State Bank in Lonoke, Ark., has been appointed to a three-year term on the Little Rock Branch board of directors by the board of directors of the Federal Reserve Bank of St. Louis. Estes also is a member of the boards of directors of the American Bankers Association's Community Bankers Council, the Arkansas Bankers Services Corporation, and the Lonoke Industrial Development Board.

Raymond E. Skelton, regional president of Firstar Bank in Little Rock, has been re-appointed to a three-year term on the Little Rock Branch board of directors by the board of directors of the Federal Reserve Bank of St. Louis. Skelton also is a member of the executive committee of the Greater Little Rock Chamber of Commerce, and a member of the boards of directors of the Baptist Health Foundation, the Arkansas Symphony Orchestra and Arkansas Independent Colleges & Universities.

With branches in Little Rock, Louisville and Memphis, the Federal Reserve Bank of St. Louis serves the Eighth Federal Reserve District, which includes all of Arkansas, eastern Missouri, southern Indiana, southern Illinois, western Kentucky, western Tennessee and northern Mississippi. In addition to serving as a bank for depository institutions and the U.S. government, each Reserve Bank monitors economic conditions in the District, participates in formulating monetary policy, and supervises state-chartered member banks and bank holding companies to foster safety and soundness of the District's banking and financial institutions and to protect the credit rights of consumers.

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