RICHMOND, Va., Sept. 19 /PRNewswire/ -- Jeremiah J. Sheehan -- Retired
Chairman, Reynolds Metals Company, Richmond, Virginia -- was redesignated
Chairman of the Board of Directors for 2001. Mr. Sheehan has served as a Class
C director since 1997.
Wesley S. Williams, Jr. -- Partner, Covington & Burling, Washington, D.C.
-- was reappointed a Class C director for a three-year term beginning January
1, 2001, and was redesignated Deputy Chairman of the Board of Directors for
2001. Mr. Williams has served as a director since 1997.
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. Each year, the Board of Governors designates a
Chairman and Deputy Chairman from among the Class C directors of each Reserve
Bank.
The Federal Reserve Bank of Richmond 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.rich.frb.org
CONTACT:
Marsha Shuler of the Federal Reserve Bank of
Richmond, 804-697-8706
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