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Vest Named to St. Louis Fed's Health Care Industry Council

1/14/2008

ST. LOUIS — Jan C. Vest, CEO of Signature Health Services, Inc., a physician-owned, multi-specialty group practice in St. Louis, Mo., has been named to the Health Care Industry Council of the Federal Reserve Bank of St. Louis.

In 2006, the St. Louis Fed created four District Industry Councils, each representing a specific industry within the Federal Reserve's Eighth District and each based in one of the Reserve Bank's offices: St. Louis (real estate), Little Rock (agribusiness), Louisville (health care) and Memphis (transportation).

Meeting twice a year, the Councils are designed to build a consistent and dependable line of communication regarding economic conditions within several specific industry sectors throughout the Fed's Eighth District. Information gleaned from the members is expected to help gauge the overall condition of the Eighth District's economy by complementing the data and information developed through the Fed's Beige Book and boards of directors.

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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