RICHMOND, Va., Nov. 17 /PRNewswire/ -- The Board of Governors of the
Federal Reserve System announces the reappointments of the chairman and
deputy chairman of the Board of Directors for the Federal Reserve Bank of
Richmond:
Thomas J. Mackell, Jr., of Warrenton, Va., was designated as chairman of
the board of directors for 2007. Mr. Mackell has served as a Class C
director since 2003.
Theresa M. Stone of Greensboro, N.C., was designated as deputy chairman
for 2007. Ms. Stone has served as a Class C director since 2003.
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. Only Class C directors
can become chairperson and deputy chairperson.
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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