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Richmond Fed Directors Appoint Federal Advisory Council Member

    RICHMOND, Va., Nov. 21 /PRNewswire-USNewswire/ -- The Board of
Directors of the Federal Reserve Bank of Richmond has appointed the Fifth
District representative to the Federal Advisory Council.



    Kenneth D. Lewis -- Chairman, Chief Executive Office and President,
Bank of America Corp., Charlotte, N.C., begins his term January 1, 2008.



    The Federal Advisory Council is composed of representatives from each
of the 12 Federal Reserve Districts. The Council periodically confers with
the Federal Reserve Board of Governors on business conditions and banking
industry issues, and 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, Media Relations, Federal
    Reserve Bank of Richmond, +1-804-697-8196,
    Laura.Fortunato@rich.frb.org