RICHMOND, Va., Jan. 29 /PRNewswire/ -- The Board of Governors of the
Federal Reserve System reappointed the following members to the Boards of
Directors of the Federal Reserve Bank of Richmond:
* William C. Handorf -- professor of finance, School of Business and
Public Management, George Washington University, Washington, D.C. -- was
reappointed as a director of the Bank's Baltimore Office for a three-
year term beginning Jan. 1, 2004. Handorf has served as a director since
2001.
* Jim Lowry -- dealer operator, Crown Automotive Group, High Point, N.C.
-- was reappointed as a director of the Bank's Charlotte Office for a
three-year term beginning Jan. 1, 2004. Lowry has served as a director
since 2001.
Additionally, the Boards of Directors of the Bank's Baltimore and
Charlotte Offices re-elected the following chairmen for 2004:
* Owen E. Herrnstadt -- director, International Department, International
Association of Machinists and Aerospace Workers, AFL-CIO, Upper
Marlboro, Md. -- was re-elected chairman of the Bank's Baltimore Office.
Herrnstadt has served as a director since 2000.
* Michael A. Almond -- president & CEO, Charlotte Regional Partnership,
Charlotte, N.C. -- was re-elected chairman of the Bank's Charlotte
Office. Almond has served as a director since 2000.
The Boards of Directors of the Baltimore and Charlotte Offices of the
Federal Reserve Bank of Richmond 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 chairmen of the boards of the Baltimore and Charlotte
Offices are selected for one-year terms from among those directors appointed
by the Board of Governors.
The Federal Reserve Bank of Richmond is one of the 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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