RICHMOND, Va., Jan. 21 /PRNewswire/ -- The Federal Reserve Board of
Governors made the following appointment to the Baltimore board of directors
of the Federal Reserve Bank of Richmond:
William R. Roberts -- president, Verizon Maryland Inc., Baltimore, Md. --
was appointed as a director of the Baltimore Office for a three-year term
beginning Jan. 1, 2005.
Each Federal Reserve Bank has a nine-member board of directors. Three
Class A and three Class B directors are elected to three-year terms by the
stockholding member banks. Three Class C directors are appointed to three-
year terms by the Board of Governors of the Federal Reserve System. The
boards of directors of the Baltimore and Charlotte offices have seven members.
A majority of each office's directors are appointed by the board of directors
of the Richmond Reserve Bank and the remainder by the Board of Governors of
the Federal Reserve System.
The Federal Reserve Bank of Richmond is one of 12 District Reserve Banks
that together with the Board of Governors in Washington, D.C., make up the
Federal Reserve System. The Richmond Fed serves the Fifth Federal Reserve
District, which encompasses the District of Columbia, Maryland, North
Carolina, South Carolina, Virginia, and most of West Virginia.
Federal Reserve Bank of Richmond news releases can be found at
http://www.rich.frb.org.
SOURCE Federal Reserve Bank of Richmond
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Related links:
http://www.rich.frb.org
CONTACT:
Lisa Oliva, +1-804-697-8192, or Laura
Fortunato, +1-804-697-8196, both of the Federal Reserve Bank of
Richmond
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