RICHMOND, Va., Nov. 23 /PRNewswire/ -- The Board of Governors of the
Federal Reserve System has appointed the following as chairman and deputy
chairwoman of the board of directors for the Federal Reserve Bank of Richmond:
Thomas J. Mackell, Jr. -- director, National Investment Managers Inc.,
Warrenton, Va. -- was reappointed as a Class C director for a three-year
term beginning Jan. 1, 2006, and was redesignated as chairman of the
board of directors for 2006. Mr. Mackell has served as a Class C director
since 2003.
Theresa M. Stone -- CFO Jefferson-Pilot Corp. and president,
Jefferson-Pilot Communications Co., Greensboro, N.C. -- was redesignated
as deputy chairwoman for 2006. 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.
Federal Reserve Bank of Richmond news releases can be found at
http://www.richmondfed.org/news_and_speeches/press_releases/index.cfm.
SOURCE Federal Reserve Bank of Richmond
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Related links:
http://www.rich.frb.org
CONTACT:
Lisa Oliva, AVP Corporate Communications
+1-804-697-8192, or Laura Fortunato, Media Relations,
+1-804-697-8196, both of Federal Reserve Bank of Richmond
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