RICHMOND, Va., Dec. 24 /PRNewswire/ -- G. Kennedy Thompson -- Chairman,
President, Chief Executive Officer, Wachovia Corporation, Charlotte, N.C. --
was appointed as the Fifth Federal Reserve District's representative on the
Federal Advisory Council for 2005.
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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CONTACT:
Lisa Oliva, +1-804-697-8192, or Laura
Fortunato, +1-804-697-8196, both of Federal Reserve Bank of
Richmond
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