RICHMOND, Va., Sept. 20 /PRNewswire/ -- The Federal Reserve Bank of
Richmond issued the following:
Jeremiah J. Sheehan -- Chairman and Chief Executive Officer, Reynolds
Metals Company, Richmond, Virginia -- was reappointed a Class C director for a
three-year term beginning January 1, 2000, and was named Chairman of the Board
of Directors for 2000. Mr. Sheehan has served as a Class C director since
1997.
Wesley S. Williams, Jr. -- Partner, Covington & Burling, Washington, D.C.
-- was appointed a Class C director for the unexpired portion of a three-year
term beginning January 1 and ending December 31, 2000, and was named Deputy
Chairman of the Board of Directors for 2000. Mr. Williams will complete a
three-year term as a Class B director on December 31, 1999.
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.
Federal Reserve Bank of Richmond news releases can be found on its World
Wide Web Site at http://www.rich.frb.org.
SOURCE Federal Reserve Bank of Richmond
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Related links:
http://www.rich.frb.org
Company News On-Call:
http://www.prnewswire.com/comp/102243.html or fax,
800-758-5804, ext. 102243
CONTACT:
Marsha Shuler of the Federal Reserve Bank of
Richmond, 804-697-8706
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