For release: Feb. 8, 2002
Contact: Charles B. Henderson, (314) 444-8311

St. Louis Fed's Memphis Branch Announces Changes to Board of Directors

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

The Board of Governors of the Federal Reserve System in Washington, D.C., re-appointed Gregory M. Duckett, senior vice president and corporate counsel for Baptist Memorial Health Care Corporation in Memphis, Tenn., to a three-year term on the Memphis Branch board. Duckett is also chairman of the St. Jude AXA/Liberty Bowl, a member of the board of trustees of the Memphis College of Art, and a member of the board of directors of the National Civil Rights Museum.

The board of directors of the Federal Reserve Bank of St. Louis re-appointed Walter L. Morris, Jr., president of H&M Lumber Co., Inc., in West Helena, Ark., to a three-year term on the Memphis Branch board. Morris is also a member of the board of directors of First National Bank of Phillips County.

The executive committee of the St. Louis Fed's board of directors appointed Tom A. Wright, chairman, president and CEO of Enterprise National Bank in Memphis, Tenn., to fill the unexpired portion of a three-year term on the Memphis Branch board. Wright is also a past chairman and current member of the board of regents of the Paul W. Barret, Jr., School of Banking, past chairman and current member of the Boys and Girls Clubs of Greater Memphis Central board of directors, and serves as past chairman on the executive committee of the Southern College of Optometry board of trustees.

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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