ST. LOUIS, Mo. - L. Clark Taylor, Jr., PhD, chief executive officer of Ephraim McDowell Health in Danville, has been appointed by the executive committee of the board of directors of the Federal Reserve Bank of St. Louis to fill the unexpired portion of a three-year term on the St. Louis Fed's Louisville Branch board. The term ends Dec. 31, 2005.
Taylor is also the vice chair of the Cumberland District of the Kentucky Hospital Association, chair-elect for the Danville-Boyle County Chamber of Commerce and a fellow of the American College of Healthcare Executives.
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.