For release: Nov. 12, 2003

Contacts:	Joe Elstner
	Office:	(314) 444-8902
	E-mail:	joseph.c.elstner@stls.frb.org
	Mobile:	(314) 640-3526
	Charles Henderson
	Office:	(314) 444-8311
	E-mail:	charles.b.henderson@stls.frb.org
	Mobile:	(314) 609-5972
	Pager:	(314) 538-9526
Online Press Room:		www.stlouisfed.org/news/press_room/contact.html

Metcalfe Named Chair, Jackson Named Deputy Chair of St. Louis Fed Board

ST. LOUIS —The Board of Governors of the Federal Reserve System in Washington, D.C., has appointed Walter L. Metcalfe, Jr., as chair and Gayle P.W. Jackson as deputy chair of the board of directors of the Federal Reserve Bank of St. Louis. Metcalfe is chairman of the law firm of Bryan Cave LLP and Jackson is managing director of FondElec Clean Energy Group, Inc.

Metcalfe also serves on the boards of trustees of Washington University in St. Louis, the Danforth Foundation and the Pulitzer Foundation for the Arts, and is a member of the boards of directors of St. Louis Children's Hospital and the Regional Chamber and Growth Association of St. Louis. Bryan Cave ranks among the 35 largest law firms in the world, with more than 800 lawyers located in 15 offices around the world.

Jackson is also a director of the Research Corporation, a former director for the SSM Health Care Corporation's central region, a member of the Missouri Venture Forum, a trustee of Smith College and a former trustee of Webster University. Founded in 2002, FondElec is a global private equity firm with more than $100 million of investment capital.

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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