RICHMOND, Va., Dec. 23 /PRNewswire/ -- The member banks in the Fifth
Federal Reserve District elected the following directors of the Federal
Reserve Bank of Richmond for three-year terms beginning Jan. 1, 2005:
Kathleen Walsh Carr -- President, Chief Executive Officer, and Director,
The Adams National Bank, Washington, D.C. -- was elected a Class A
director.
Harry M. Lightsey, III -- State President, BellSouth South Carolina,
Columbia, S.C. -- was elected a Class B director.
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.
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.rich.frb.org
CONTACT:
Lisa Oliva, +1-804-697-8192, or Laura
Fortunato, +1-804-697-8196, both of the Federal Reserve Bank of
Richmond
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