RICHMOND, Va., Jan. 31 /PRNewswire/ -- The Federal Reserve's Board of
Governors has appointed Lemuel E. Lewis as deputy chairman of the board of
directors for the Federal Reserve Bank of Richmond, effective immediately.
Lewis, director of Landmark Communications, Inc., Norfolk, Va., also was
recently reappointed as a Class C director and has served on the Richmond
board since 2005. (Only Class C directors are eligible to serve as board
chairman and deputy chairman.)
Lewis succeeds Theresa M. Stone, who recently left the post to become
executive vice president and treasurer for Massachusetts Institute of
Technology, Cambridge, Mass. Stone assumes her new role in February.
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, and three Class C directors are appointed to
three- year terms by the Board of Governors of the Federal Reserve System.
Class A directors represent the stockholding member banks in each Federal
Reserve District. Class B and Class C directors represent the public and
are chosen with due consideration to the interests of agriculture,
commerce, industry, services, labor and consumers.
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.
SOURCE Federal Reserve Bank of Richmond
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Related links:
http://www.richmondfed.org/
CONTACT:
Laura Fortunato, Media Relations of Federal
Reserve Bank of Richmond, +1-804-697-8196
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