2002 News Releases

For immediate release:
March 28, 2002

Media contact:
James Hoard
Phone: (214) 922-5307
e-mail: james.hoard@dal.frb.org

Dallas Fed and Branch Directors Reappointed

DALLAS—The Federal Reserve Board of Governors has reappointed Ray L. Hunt to the Federal Reserve Bank of Dallas board of directors for a three-year term beginning Jan. 1, 2002.

Hunt is chairman of the board, president and CEO of Hunt Consolidated, Inc. and chairman and CEO of Hunt Oil Co. In January 2001, Hunt was appointed to serve the unexpired portion of a three-year term ending December 31, 2001. Hunt previously served on the Dallas Fed’s board of directors from Jan. 1, 1998, to March 1, 1999.

Each of the 12 Federal Reserve Banks has a board of directors made up of nine members. Three members represent commercial banks, three represent the public and three are appointed by the Board of Governors in Washington, D.C. Of the three latter appointees, one is designated chairman and another deputy chairman.

Houston Branch

The Federal Reserve Board of Governors has reappointed Edward O. Gaylord to the Houston Branch board of directors for a three-year term beginning Jan. 1, 2002. Gaylord is chairman of Jacintoport Terminal Co. in Houston. He has served on the Houston Branch board since January 1996.

The Federal Reserve Bank of Dallas board of directors has reappointed Richard W. Weekley to the Houston Branch board of directors for a three-year term beginning Jan. 1, 2002. Weekley, chairman of Weekley Development Co. in Houston, has served on the Houston Branch board since February 1999.

San Antonio Branch

The Federal Reserve Board of Governors has reappointed Ron R. Harris to the San Antonio Branch board of directors for a three-year term beginning Jan.1, 2002. Harris is president and CEO of Pervasive Software, Inc. in Austin. He has served on the San Antonio Branch board since January 1999.

The Federal Reserve Bank of Dallas has reappointed R. Tom Roddy to the San Antonio board of directors for a three-year term beginning Jan. 1, 2002. Roddy is chairman of the board of Clear Lake National Bank in San Antonio and has served on the San Antonio Branch board since January 1999.

The Houston and San Antonio branch boards of directors consist of seven members, four appointed by the Federal Reserve Bank of Dallas board of directors and three by the Federal Reserve Board of Governors in Washington, D.C.

-30-