For release: Dec. 12, 2001
Contact: Charles B. Henderson, (314) 444-8311

Mallory Elected to St. Louis Fed Board of Directors

ST. LOUIS -- Lewis F. Mallory, Jr., chairman and chief executive officer of NBC Capital Corporation and National Bank of Commerce in Starkville, Miss., has been elected to the board of directors of the Federal Reserve Bank of St. Louis for a three-year term ending Dec. 31, 2004.

A native of Starkville Miss., Mallory is also a member of the boards of directors of the Mississippi State University Foundation, the Mississippi Economic Council and the Greater Starkville Development Partnership. He is past president of the MSU Foundation and the Mississippi Bankers Association, and was 1980-81 chairman of the Mississippi Economic Council.

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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