St. Louis Fed Announces Changes to Board of Directors

ST. LOUIS — The Federal Reserve Bank of St. Louis announced the following elections, appointments and re-elections to its board of directors

Paul T. Combs, president of Baker Implement Company in Kennett, Mo., has been elected to the Federal Reserve Bank of St. Louis' board of directors for a three-year term. Combs is also a member of the board of supervisors of the Little River Drainage District, the board of directors and executive committee of the U.S.A. Rice Federation, and the executive board of the Boy Scouts of America: Greater St Louis Area Council.

Irl F. Engelhardt, chairman and chief executive officer of Peabody Energy in St. Louis, Mo., has been appointed to the St. Louis Fed's board of directors for a three-year term. Engelhardt is also a director of U.S. Bank N.A. in St. Louis (formerly Firstar Bank), a member of the St. Louis Regional Chamber & Growth Association, Civic Progress, the Missouri Historical Society and the Boy Scouts of America: Greater St Louis Area Council.

David R. Pirsein, president and chief executive officer of First National Bank in Pinckneyville, Ill., has been elected to the St. Louis Fed's board of directors to fill the unexpired portion of a three-year term ending Dec. 31, 2006. Pirsein is also a member of the board of directors of Pinckneyville Community Hospital, a member of the Pinckneyville Chamber of Commerce and the Illinois Bankers Association.

Lewis F. Mallory, Jr., chairman and chief executive officer of NBC Capital Corporation in Starkville, Miss., has been re-elected to the St. Louis Fed's board of directors for a three-year term. Mallory is also a member of the boards of directors of the Mississippi Economic Council, the Mississippi State University Foundation (and chair of the investment committee), and the Greater Starkville Development Partnership.

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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