St. Louis Fed Announces Changes to Board of Directors

ST. LOUIS — The Federal Reserve Bank of St. Louis announced the following changes to its board of directors:

Steven H. Lipstein, president and CEO of BJC HealthCare in St. Louis, was appointed chairman of 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 board of directors of the Association of American Medical Colleges, the Missouri Hospital Association and the St. Louis Regional Chamber and Growth Association.

Ward M. Klein, CEO of Energizer Holdings Inc., was appointed deputy chairman of the St. Louis Fed's board of directors. Klein is also a member of the boards of directors of the St. Louis region of Teach for America and the United Way of Greater St. Louis, and is chair of the education committee of St. Louis Civic Progress.

Sharon D. Fiehler, executive vice president and chief administrative officer of Peabody Energy Corp., was appointed to the St. Louis Fed's board of directors to fill the unexpired portion of a three-year term ending Dec. 31, 2010. Fiehler is also a member of the executive committee and board of directors of Junior Achievement of St. Louis, vice president of the Chancellor's Council of the University of Missouri-St. Louis and a member of the board of trustees of the St. Louis Zoo.

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, provides payment services to financial institutions and the U.S. government, and promotes community development and financial education.

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