For release: Jan. 9, 2002
Contact: Charles B. Henderson, (314) 444-8311

Brown Named AVP for St. Louis Fed's Memphis Branch

ST. LOUIS -- J. Allen Brown has been named an assistant vice president for the Memphis Branch of the Federal Reserve Bank of St. Louis. He oversees the Cash Department as well as the branch's administrative functions, which includes human resources, accounting, building and protection.

Prior to joining the Memphis Branch, Brown had management responsibility for cash operations at the New Orleans Branch of the Federal Reserve Bank of Atlanta.

He has a bachelor's degree in business from the University of Memphis, and attended the Executive Development Program at Cornell University.

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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