Richmond Fed History

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April 22, 2014

Telegram from Governor George Seay to John Skelton Williams

Telegram from George Seay to John Skelton Williams

telegram

On April 2, 1914, Comptroller of the Currency John Skelton Williams announced the 12 districts of the Federal Reserve System. Richmond was named the home of the Fifth District. The following day, George Seay, the first governor of the Richmond Fed, wired his appreciation to Mr. Williams.

For more information regarding Richmond’s winning bid for the Fifth District, please see this Region Focus article from the Winter 2007.

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Bob McTeer talks about leading the Baltimore Branch and becoming president of the Dallas Fed.