For release: March 4, 2008

Lipstein Named Deputy Chair of St. Louis Fed Board

ST. LOUIS, Mo. — Steven H. Lipstein, president and CEO of BJC HealthCare, has been named deputy chair of the board of directors of the Federal Reserve Bank of St. Louis. A member of the Reserve Bank's board since 2007, Lipstein is also a member of the board’s executive committee.

BJC HealthCare is a not-for-profit community benefit health-care provider with 13 hospitals and four service organizations providing care to patients in eastern and mid-Missouri, and southwestern Illinois.  

Active in local, state and national health policy, Lipstein is also a member of the board of directors of the St. Louis Regional Health Commission, the Missouri Hospital Association, co-chair of the state-chartered MoHealthNet Oversight Committee, and chair-elect of the Council of Teaching Hospitals for the Association of American Medical Colleges.  Locally, he serves on the board of trustees of Washington University and the boards of directors of the United Way of Greater St. Louis, the St. Louis Science Center, Civic Progress, and the Regional Chamber and Growth Association, where he is vice chair for public policy.

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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