Fifth Federal Reserve District Branch Directors Appointed
RICHMOND, Va., Dec. 8 /PRNewswire-USNewswire/ -- The Federal Reserve Board of Governors and the Federal Reserve Bank of Richmond Board of Directors appointed the following for three-year terms as directors for the Baltimore and Charlotte branches, effective Jan.1, 2009:
Baltimore Board of Directors
Biana Arentz -- President and CEO, Hemingway's Inc., Stevensville, Md., was reappointed by the Richmond Board of Directors.
Jenny G. Morgan -- Principal, Sterling Partners, Baltimore, Md., was appointed by the Board of Governors.
Charlotte Board of Directors
Linda L. Dolny -- President, PML Associates, Inc., Greenwood, S.C., was reappointed by the Board of Governors.
James H. Speed, Jr.-- President and CEO, North Carolina Mutual Life Insurance Company, Durham, N.C., was reappointed by the Richmond Board of Directors.
The Boards of Directors of the Baltimore and Charlotte branches of the Federal Reserve Bank of Richmond each have seven members. A majority of each branches' directors are appointed by the Boards of Directors of the Richmond Reserve Bank and the remainder by the Board of Governors of the Federal Reserve System.
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.
