St. Louis Fed Announces Changes to Board of Directors

1/25/2006

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

Walter L. Metcalfe Jr., partner of Bryan Cave LLP, was reappointed chair of the Federal Reserve Bank of St. Louis board of directors. Metcalfe is also a member of the boards of trustees of BJC HealthCare, the Danforth Foundation, Washington University-St. Louis and the Pulitzer Foundation for the Arts. He is listed in the National Law Journal's list of the "100 Most Influential Lawyers in America."

Irl F. Engelhardt, chairman of Peabody Energy in St. Louis was appointed deputy chair of the St. Louis Fed's board of directors. Engelhardt is also a member of the boards of Valero Energy, The Williams Cos. and Peabody Energy Corp. He also chairs the governance and operations committee of the St. Louis Fed's board.

Cynthia J. Brinkley, president of AT&T Missouri, was appointed to a three-year term on the St. Louis Fed's board of directors. She is also a member of Civic Progress, chairs the board of directors of the St. Louis Symphony and is a member of the board of directors of Harris-Stowe State University.

Jay Fitzsimmons, senior vice president of finance and treasurer of Wal-Mart Stores Inc., Bentonville, Ark., was elected to a three-year term on the St. Louis Fed's board of directors. Fitzsimmons is also a council member of the University of Chicago's Graduate School of Business and a member of the boards of directors of The Business Consortium Fund Inc. and Mexican Restaurants Inc.

J. Thomas May, chairman, president and CEO of Simmons First National Corp. in Pine Bluff, Ark., has been elected to a three-year term on the Federal Reserve Bank of St. Louis board of directors. May is also a member of the board of directors of the University of Arkansas Foundation, the board of trustees of Baptist Health and the dean's advisory board of the Walton School of Business.

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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