St. Louis Fed Appoints Gibson, Mathews and Miller to Memphis Branch

MEMPHIS, Tenn.— The Federal Reserve Bank of St. Louis announced the following appointments to its Memphis Branch board of directors.

J. W. Gibson II, CEO and owner of Gibson Companies in Memphis, has been appointed to a three-year term on the Federal Reserve Bank of St. Louis' Memphis Branch board of directors. Gibson is also a member of the board of directors of Memphis in May, the Shelby County Education Foundation and the board of directors of Christ Community Health Service.

Levon Mathews, president of Regions Bank, Greater Memphis Group, has been appointed to the St. Louis Fed's Memphis Branch board of directors to fill an unexpired three-year term ending Dec. 31, 2005. Mathews is also a member of the board of directors of the Memphis Regional Chamber of Commerce, the Mid South Minority Business Council and the United Way of the Mid South.

Thomas G. Miller, president of Southern Hardware Co., Inc., in West Helena, Ark., has been appointed to the St. Louis Fed's Memphis Branch board of directors for a three-year term. Miller is also a member of the board of directors of the Helena Health 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. 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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