For release: Nov. 24, 2004

Contacts:	Joe Elstner
	Office:	(314) 444-8902
	E-mail:	joseph.c.elstner@stls.frb.org
	Mobile:	(314) 640-3526
Online Press Room:		www.stlouisfed.org/news/press_room/contact.html

Maria Gerwing Hampton to Head Louisville Branch of St. Louis Fed

LOUISVILLE, Ky.— Maria Gerwing Hampton of Louisville has been appointed Vice President and Senior Branch Executive of the Louisville Branch of the Federal Reserve Bank of St. Louis.

Hampton is currently president of The Housing Partnership, a nonprofit corporation focused on creating affordable housing in the Louisville metropolitan area. She will assume her new position on Jan. 3, 2005. Hampton succeeds Tom Boone, who is retiring in 2005 after 32 years with the St. Louis Fed.

Hampton, a current director of the Louisville Branch, is taking the reins of a Federal Reserve Bank branch that has transformed its main mission from one of providing financial services to banks to one of community outreach in the areas of community development and economic education.

“The Louisville Branch is focusing on working with community groups to encourage development, doing research on our regional economy to understand it better, providing regional input to monetary policy decisions and providing education about personal finance and economics so that students and residents are armed with information to make better choices,” said William Poole, St. Louis Fed president and CEO. “We’re delighted that Maria Hampton will be joining us to help us achieve our mission,” he said.

With branches in Louisville, Little Rock 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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