Compass Chairman Reelected Federal Reserve Director.BIRMINGHAM, Ala.--(BUSINESS WIRE)--Dec. 19, 1994--D. Paul Jones, Jr., chairman and chief executive officer of Compass Bancshares Inc. (NASDAQ/NMS:CBSS CBSS Council of Baltic Sea States CBSS Craft and Boat Support System CBSS Coastal Border Surveillance System (MSSC) CBSS Closed-Breach Scavenging System (compressed air system for removing smoke from tank gun tubes) ), has been reelected a Class A director by the Federal Reserve Bank of Atlanta The Federal Reserve Bank of Atlanta is responsible for the 6th District of the Federal Reserve, which covers Alabama, Florida, Georgia, and parts of Louisiana, Mississippi, and Tennessee. for an unexpired three-year term ending Dec. 31, 1997. Jones' current one-year term expires Dec. 31, 1994. The nine-member board of directors of the Federal Reserve Bank of Atlanta oversees management of the Bank's operations and recommends changes in the discount rate. The Federal Reserve Bank of Atlanta serves the Sixth Federal Reserve District Federal Reserve District (Reserve district or district) One of the twelve geographic regions served by a Federal Reserve Bank. which includes Alabama, Florida, Georgia and parts of Louisiana CODE, OF LOUISIANA. In 1822, Peter Derbigny, Edward Livingston, and Moreau Lislet, were selected by the legislature to revise and amend the civil code, and to add to it such laws still in force as were not included therein. , Mississippi and Tennessee. As part of the nation's central banking system, the Atlanta Fed takes part in setting national monetary policy, supervises and regulates numerous commercial banks, and provides check processing and other payment services to depository institutions and the U.S. government. Each of the nation's 12 Federal Reserve Banks has a nine-member board of directors with 3 Class A directors representing member banks in each district; three Class B directors elected by these banks but representing commerce, industry, agriculture, labor and consumers; and three Class C directors representing the same public interests but appointed by the Board of Governors in Washington, D.C. Jones was named chairman and chief executive officer of Compass Bancshares, then Central Bancshares of the South, in 1990. He joined the company in 1978 as senior vice president, general counsel and a member of the board of directors. Prior to that, he was the bank's principal legal counsel for 10 years as a partner in the Birmingham law firm of Balch, Bingham, Baker, Hawthorne, Williams & Ward. A Birmingham native, Jones received his undergraduate and law degrees from the University of Alabama The University of Alabama (also known as Alabama, UA or colloquially as 'Bama) is a public coeducational university located in Tuscaloosa, Alabama, USA. Founded in 1831, UA is the flagship campus of the University of Alabama System. and a degree in tax law from New York University New York University, mainly in New York City; coeducational; chartered 1831, opened 1832 as the Univ. of the City of New York, renamed 1896. It comprises 13 schools and colleges, maintaining 4 main centers (including the Medical Center) in the city, as well as the . Compass Bancshares Inc., is an $8.4 billion bank holding company with 178 offices in Alabama, Florida and Texas. Shares of the company's common stock are traded through the NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on national market system under the symbol CBSS. CONTACT: Compass Bancshares Inc., Birmingham Ellen Laden, 205/933-3554 |
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