For release: May 1, 2007

Glover Named to St. Louis Fed's Agribusiness Industry Council

LITTLE ROCK, Ark. — Keith Glover, president and CEO of Producers Rice Mill Inc. in Stuttgart, Ark., has been named to the Agribusiness Industry Council of the Federal Reserve Bank of St. Louis.  Glover is also a member of the USA Rice Foundation, the Stuttgart Rotary Club, and treasurer of Stuttgart Unlimited Economic Development Plan as well as chairman of Stuttgart Unlimited's Education Task Force.

The St. Louis Fed created four industry councils in 2006 to represent a specific industry within the Federal Reserve's Eighth District, and based out of each of the Reserve Bank's offices:  Little Rock (agribusiness), Memphis (transportation), Louisville (health care) and St. Louis (real estate).  Meeting twice a year, the councils are designed to complement the data and information developed through the Federal Reserve's Beige Book and meetings of its boards of directors.

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. The St. Louis Fed is one of 12 regional Reserve banks that, along with the Board of Governors in Washington, D.C., comprise the Federal Reserve System. As the nation’s central bank, the Federal Reserve System formulates U.S. monetary policy, regulates state-chartered member banks and bank holding companies, and provides payment services to financial institutions and the U.S. government.

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