RICHMOND, Va., Nov. 15 /PRNewswire/ -- The Federal Reserve Bank of
Richmond's Board of Directors has made the following re-appointment,
effective Jan. 1, 2007:
G. Kennedy Thompson -- Chairman, President and Chief Executive
Officer, Wachovia Corp., Charlotte, N.C. -- was re-appointed
to a third term as the Fifth Federal Reserve District's
representative on the Federal Advisory Council.
The Federal Advisory Council, composed of a representative from each of
the 12 Federal Reserve Districts, confers periodically with the Board of
Governors of the Federal Reserve System on business conditions and issues
related to the banking industry. It also makes recommendations regarding
System policies. Representatives are selected annually by the board of
directors of each Reserve Bank.
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 of the Federal Reserve Bank
of Richmond, +1-804-697-8196
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