J. Alfred Broaddus Jr. was president of the Federal Reserve Bank of Richmond from 1993 to 2004.
Mr. Broaddus is a native of Richmond, Va. He received his bachelor’s degree from Washington and Lee University, where he was elected to Omicron Delta Kappa and Phi Beta Kappa. Following graduation, he studied in France under a Fulbright Fellowship and received a graduate degree from the Center for Advanced European Studies of the University of Strasbourg. After military service, Mr. Broaddus received his master’s and doctoral degrees in Economics from Indiana University. He was awarded an honorary Doctor of Laws degree from Washington and Lee in 1993 and a Distinguished Alumnus Award from Indiana in 1996.
He joined the Bank's research staff as an Economist in 1970. He was named senior vice president and director of research in 1985 and was promoted to president on January 1, 1993. In addition to his responsibilities at the Richmond Bank, Mr. Broaddus served every third year as a member of the Federal Open Market Committee of the Federal Reserve System.
Mr. Broaddus is the author of a number of articles on banking and monetary policy and has lectured at several colleges and universities. He is a member of the board of directors of the Virginia Council on Economic Education and the Executive Advisory Council of the E. Claiborne Robins School of Business of the University of Richmond. He is also a member of the Virginia Governor's Advisory Council on Revenue Estimates.
Active in community work in Richmond, Mr. Broaddus is a former chairman of the boards of United Way Services of Richmond and St. Christopher's School. He is currently a member of the executive committee of Richmond Renaissance; the boards of St. Christopher’s School, the Virginia Historical Society, the Richmond Memorial Foundation, the World Affairs Council of Greater Richmond and the Tredegar National Civil War Center Foundation; and the boards of associates of Gallaudet University and the University of Richmond.
Mr. Broaddus is a member of the American Economic Association and the National Association of Business Economists. He and his wife, Margaret, have two sons.