For release: Dec. 21, 2001
Contact: Charles B. Henderson, (314) 444-8311

Greenwalt Re-elected to St. Louis Fed Board of Directors

ST. LOUIS -- Dr. Bert Greenwalt, a partner in Greenwalt Company in Hazen, Ark., has been re-elected to the board of directors of the Federal Reserve Bank of St. Louis for a three-year term ending Dec. 31, 2004.

Greenwalt farms rice, soybeans and wheat with his family at Hazen, and is a Professor of Agricultural Economics at Arkansas State University. He is also a member of the boards of directors of the Agricultural Council of Arkansas and the Arkansas Association of Wheat Growers. In addition, Greenwalt serves as chairman of the Jonesboro Chamber of Commerce Agribusiness Committee.

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.

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