For release: May 5, 2004

Contacts:	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

St. Louis Fed Promotes Vaughan to Assistant Vice President

ST. LOUIS, Mo.— The Federal Reserve Bank of St. Louis has promoted Mark D. Vaughan to assistant vice president. Vaughan oversees the Supervisory Analysis Unit of the St. Louis Fed's Banking Supervision Division, which provides support and education for the Bank's examination staff, as well as research on emerging supervisory policy issues.

Vaughan has a bachelor of business administration degree in economic and finance, and a master's degree in economics, both from Baylor University. He has a doctorate in economics from Washington University in St. Louis.

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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