For release: Aug. 13, 2004

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

Robert Young Appointed to St. Louis Fed's Little Rock Branch Board

ST. LOUIS, Mo.— Robert A. Young III, chairman, president and CEO of Arkansas Best Corporation in Fort Smith, Ark., has been appointed by the executive committee of the Federal Reserve Bank of St. Louis' board of directors to fill an unexpired term on the Reserve Bank's Little Rock Branch board. The term will end Dec. 31, 2005.

Young is also a vice president at large for the American Trucking Associations, a member of the boards of trustees of Lyon College in Batesville and the Sparks Regional Medical Center in Fort Smith, and a member of the boards of directors of the Fort Smith Chamber of Commerce and the Fort Smith Boys and Girls Club.

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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