RICHMOND, Va., Aug. 8 /PRNewswire-USNewswire/ -- The Federal Reserve
Board of Governors made the following appointment to the Federal Reserve
Bank of Richmond's Board of Directors, effective immediately:
Margaret E. McDermid -- senior vice president and chief information
officer, Dominion Resources, Inc. -- was appointed as a Class C director
of the Richmond board to fill an unexpired term ending December 31, 2007.
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
 back to top
Related links:
http://www.richmondfed.org
CONTACT:
Laura Fortunato, Media Relations of the
Federal Reserve Bank of Richmond, +1-804-697-8196
|
