Federal Reserve Bank Announces Changes to Board of Directors

1/17/2007

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

  • Irl F. Engelhardt, chairman of Peabody Energy in St. Louis, was appointed chair of the St. Louis Fed's board of directors. Engelhardt is also a member of the boards of directors of The Williams Cos. Inc. and Valero Energy Co.
  • Cynthia J. Brinkley, president of AT&T Missouri, was appointed deputy chair of the Louis Fed's board of directors. Brinkley is also chair of the board of directors of the St. Louis Symphony and a member of the boards of directors of the St. Louis Zoo and Harris-Stowe State University.
  • Steven H. Lipstein, president and CEO of BJC HealthCare in St. Louis, was appointed to a three-year term on the St. Louis Fed's board of directors. Lipstein is also a member of the board of trustees of Washington University in St. Louis and a member of the boards of directors of the Missouri Hospital Association, the St. Louis Regional Chamber and Growth Association and the United Way of Greater St. Louis.
  • David R. Pirsein, president and CEO of First National Bank in Pinckneyville, Ill., was re-elected to the St. Louis Fed's board of directors. He is also a member of the boards of directors of the Community BancService Corp. (a subsidiary of the Community Bankers Association of Illinois), the Illinois Bankers Association and Pinckneyville Community Hospital.
  • A. Rogers Yarnell, II, president of Yarnell Ice Cream Co. Inc. in Searcy, Ark., was re-elected to the St. Louis Fed's board of directors. He is also a member of the board of directors of the International Ice Cream Association (and a founding member of the Association's marketing council), and a member of the Harding University Council for Economic Education and the Searcy Chamber of Commerce.

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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