The Fifth District leadership comprises a board of directors, a bank president and a management team of officers that represent each of our bank businesses and operations.

A board of directors representing the Fifth District’s business community, banks and consumer organizations oversees the Fed and appoints our president with the approval of the Board of Governors. The board of directors also approve nominations for new officers and officer promotions made by the bank president and senior management.

Richmond Fed President Jeffrey M. Lacker took office on August 1, 2004. Before becoming president he was the Director of Research.

Our management team represents the Fed's business areas and reports to the President and First Vice President of the Bank.

The Federal Reserve System uses advisory and working committees to carryout its varied responsibilities. Three of these committees advise the Federal Reserve Board directly: the Consumer Advisory Council, the Federal Advisory Council and the Thrift Institutions Advisory Council. The first two were established by law, and the third was created by the Federal Reserve Board.