For release: Dec. 09, 2002

Barger Elected, Bridges Re-Elected to St. Louis Fed Board

St. Louis — J. Stephen Barger, executive secretary-treasurer of the Kentucky State District Council of Carpenters in Frankfort, Ky., has been elected to a three-year term on the board of directors of the Federal Reserve Bank of St. Louis. He previously served as chairman of the board of directors of the St. Louis Fed's branch in Louisville, Ky. Barger is also a member of the executive committee of the International Foundation of Employee Benefits and the Kentucky Council on Postsecondary Education.

Lunsford W. Bridges, chief executive officer of Metropolitan National Bank in Little Rock, Ark., has been re-elected to a three-year term on the St. Louis Fed's board of directors. Bridges is also a member of the boards of directors of Fifty for the Future, the Greater Little Rock Chamber of Commerce, and the St. Vincent Development Foundation.

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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