For release: Oct. 4, 2001
Contact: Charles B. Henderson, (314) 444-8311

St. Louis Fed's Louisville Branch Promotes Stephens to Officer

ST. LOUIS -- Jim Stephens has been promoted to operations officer of the Louisville Branch of the Federal Reserve Bank of St. Louis. He has responsibility for the Cash, Facilities, Protection and Support Services operations of the Branch.

Stephens has a bachelor of science degree in economics from the University of Missouri at St. Louis, and is a graduate of the Kentucky School of Banking. He began his career with the Federal Reserve in 1975 in the St. Louis office.

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. In addition to serving as a bank for depository institutions and the U.S. government, each Reserve Bank monitors economic conditions in the District, participates in formulating monetary policy, and supervises state-chartered member banks and bank holding companies to foster safety and soundness of the District's banking and financial institutions and to protect the credit rights of consumers.