The Federal Reserve Bank of Richmond announces officer appointment.

Jeffrey M. Lacker, President, Federal Reserve Bank of Richmond Statement on Dissenting Vote at FOMC Meeting January 25, 2012

At today's FOMC meeting, President Jeff Lacker cast the lone dissent in opposition of the time period for keeping low the federal funds rate.

The Federal Reserve Board of Governors appointed the following director for the Charlotte office, effective Jan. 18, 2012.

The Boards of Directors for the Federal Reserve Bank of Richmond’s Baltimore and Charlotte offices elected chairpersons.

The Federal Reserve Board of Governors and the Federal Reserve Bank of Richmond Board of Directors appointed Directors for the Baltimore and Charlotte offices.

The "Beige Book" report is published eight times per year and consists of anecdotal information on current economic conditions from each Federal Reserve.

Directors of the Federal Reserve Bank of Richmond have reappointed Richard D. Fairbank, Chairman and Chief Executive Officer of Capital One Financial Corp. of McLean, Va., to serve as the Fifth District's representative on the Federal Advisory Council.

No Change in Federal Funds Rate

The Federal Reserve Bank of Richmond has named the chair of its Community Investment Council for 2012 and announced two new members.

The Board of Governors of the Federal Reserve System has appointed the chair and deputy chair of the Board of Directors for the Federal Reserve Bank of Richmond for 2012.

Jeffrey M. Lacker, President, Federal Reserve Bank of Richmond Statement on Dissenting Vote at FOMC Meeting November 28, 2011

The Fifth Federal Reserve District member banks elected the following directors of the Federal Reserve Bank of Richmond for three-year terms effective Jan. 1, 2012:

The Federal Reserve Bank of Richmond announces the appointment of Michael D. Stough as senior vice president and general auditor.

The FOMC decided today to continue its program to extend the average maturity of its holdings of securities as announced in September.

The "Beige Book" report is published eight times per year and consists of anecdotal information on current economic conditions from each Federal Reserve.

FOMC leaves target funds rate unchanged.

FOMC leaves target funds rate unchanged.

The Federal Open Market Committee decided today to keep the target range for the federal funds rate at zero to one-quarter percent.

The Federal Reserve Bank of Richmond announces the following officer appointments:

The Federal Reserve Bank of Richmond has received the Diversity Excellence Award and the Best Recruitment, Engagement and Retention Practices for large-sized businesses in the annual Employer All Star Awards.

The Federal Reserve Bank of Richmond has added a new section on its website to share its views on a range of policy issues that affect the national economy.

The Federal Open Market Committee will continue to expand its holdings of securities as announced in November and will maintain the target range for the federal funds rate.

The "Beige Book" report is published eight times per year and consists of anecdotal information on current economic conditions from each Federal Reserve.

The Federal Reserve Bank of Richmond announces director appointment.

The Federal Reserve Bank of Richmond announces officer appointments.

The Federal Reserve System on Tuesday released the 2010 combined annual comparative financial statements for the Federal Reserve Banks, as well as for the 12 individual Federal Reserve Banks, the limited liability companies (LLCs) that were created to respond to strains in financial markets, and the Board of Governors. These financial statements are audited annually by an independent auditing firm.

To promote a stronger pace of economic recovery and to help ensure that inflation, over time, is at levels consistent with its mandate, the Federal Open Market Committee voted to continue expanding its holdings of securities as announced in November. The committee also voted to maintain the target federal funds rate.

The Federal Reserve Bank of Richmond announced the formation of a Community Investment Council and the appointment of members.

The Federal Reserve Bank of Richmond announces the following officer appointment.

The "Beige Book" report is published eight times per year and consists of anecdotal information on current economic conditions from each Federal Reserve.

Richmond Fed Forms Community Depository Institutions Advisory Council

The Federal Open Market Committee voted to continue its purchase of Treasury securities to promote a stronger pace of economic recovery and to help ensure that inflation, over time, is consistent with the Federal Reserve's mandate. The committee also maintained the target federal funds rate.

The Federal Reserve Bank of Richmond has hired William S. Cooper, Jr., as vice president and deputy director for diversity and inclusion.

The "Beige Book" report is published eight times per year and consists of anecdotal information on current economic conditions from each Federal Reserve.

The boards of directors of the Federal Reserve Bank of Richmond's Baltimore and Charlotte branch offices elected the following to serve one-year terms as chairmen, effective Jan. 1, 2011.

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 branch offices, effective Jan. 1, 2011.

David E. Beck, a senior vice president and regional executive for the Federal Reserve Bank of Richmond's Baltimore Branch, has completed Leadership Maryland's eight-month leadership development program.

The FOMC voted to maintain its plans to buy $600 billion in Treasury bonds over the next several months.

The Federal Reserve Bank of Richmond announces the following officer appointments.

The "Beige Book" report is published eight times per year and consists of anecdotal information on current economic conditions from each Federal Reserve.

The Federal Reserve Bank of Richmond announces a new officer appointment.

The Federal Open Market Committee today voted to purchase $600 billion in longer-term Treasury securities by the end of the second quarter of 2011, at a pace of about $75 billion per month. The move is intended to support the economic recovery and the movement of inflation toward rates that the committee views as consistent with its mandate. The FOMC also voted to maintain the target federal funds rate of zero to ¼ percent.

The "Beige Book" report is published eight times per year and consists of anecdotal information on current economic conditions from each Federal Reserve.

The Fifth Federal Reserve District member banks elected the following directors of the Federal Reserve Bank of Richmond for three-year terms effective Jan. 1, 2011.

Directors of the Federal Reserve Bank of Richmond have reappointed Richard D. Fairbank, chairman and chief executive officer of Capital One Financial Corp. of McLean, Va., to a second term as the Fifth Federal Reserve District's representative on the Federal Advisory Council. The new term begins Jan. 1, 2011.

The Board of Governors offers live streaming video of the final in a series of four hearings on potential revisions to Regulation C, which implements the Home Mortgage Disclosure Act. Hearing is scheduled Sept. 24 from 9 a.m. until 4 p.m.

The Committee will maintain the target range for the federal funds rate at 0 to 1/4 percent and continues to anticipate that economic conditions, including low rates of resource utilization, subdued inflation trends, and stable inflation expectations, are likely to warrant exceptionally low levels for the federal funds rate for an extended period.

The Federal Reserve Bank of Richmond announces the following officer appointments.

The "Beige Book" report is published eight times per year and consists of anecdotal information on current economic conditions from each Federal Reserve.

The Federal Open Market Committee will maintain the target range for the federal funds rate at 0 to 1/4 percent and continues to anticipate that economic conditions, including low rates of resource utilization, subdued inflation trends, and stable inflation expectations, are likely to warrant exceptionally low levels of the federal funds rate for an extended period.

The "Beige Book" report is published eight times per year and consists of anecdotal information on current economic conditions from each Federal Reserve.

The Board of Governors of the Federal Reserve System has appointed the chairman and deputy chairman of the Board of Directors for the Federal Reserve Bank of Richmond for 2011.

The Federal Open Market Committee voted to maintain the target range for the federal funds rate at 0 to 1/4 percent, with information received since the last meeting in April suggesting that the economic recovery is proceeding and that the labor market is improving gradually.

The "Beige Book" report is published eight times per year and consists of anecdotal information on current economic conditions from each Federal Reserve.

The Federal Reserve Bank of Richmond has received the Diversity Excellence Award for large-sized businesses in the annual Employer All Star Awards. The awards are presented by the Richmond chapter of the Society for Human Resource Management, the Greater Richmond Chamber and the Richmond Times-Dispatch.

The Committee will maintain the target range for the federal funds rate at 0 to 1/4 percent and continues to anticipate that economic conditions, including low rates of resource utilization, subdued inflation trends, and stable inflation expectations, are likely to warrant exceptionally low levels of the federal funds rate for an extended period.

The Federal Reserve System on Wednesday published the annual financial statements for the combined Federal Reserve Banks, the 12 individual Federal Reserve Banks and several limited liability companies (LLCs) that have been consolidated with the Federal Reserve Bank of New York.

The "Beige Book" report is published eight times per year and consists of anecdotal information on current economic conditions from each Federal Reserve.

The FOMC voted to maintain the target range for the federal funds rate at 0 to 1/4 percent and continues to anticipate that economic conditions, including low rates of resource utilization, subdued inflation trends, and stable inflation expectations, are likely to warrant exceptionally low levels of the federal funds rate for an extended period.

The Federal Reserve Bank of Richmond announces the following officer appointments effective March 1, 2010 and March 15, 2010.

The FOMC voted to maintain the target federal funds rate at zero to 1/4 percent, stating that although economic activity continues to strengthen and deterioration in the labor market is easing, subdued inflation trends and stable inflation expectations are likely to warrant exceptionally low levels of the rate for an extended period.

The "Beige Book" report is published eight times per year and consists of anecdotal information on current economic conditions from each Federal Reserve.

The Federal Open Market Committee voted today to maintain the target range for the federal funds rate at zero to 1/4 percent, stating that economic activity has continued to pick up, deterioration in the labor market is abating and inflation is expected to remain subdued for some time.

The "Beige Book" report is published eight times per year and consists of anecdotal information on current economic conditions from each Federal Reserve.

The Boards of Directors for the Federal Reserve Bank of Richmond's Baltimore and Charlotte Offices re-elected chairpersons for one-year terms effective Jan. 1, 2010.

Richard D. Fairbank was appointed to a one-year term as the Fifth Federal Reserve District's representative on the Federal Advisory Council, starting on January 1, 2010.

The Fifth Federal Reserve District member banks elected Wilbur E. Johnson as director of the Federal Reserve Bank of Richmond for three-year terms effective Jan. 1, 2010.

The Federal Reserve Board of Governors and the Federal Reserve Bank of Richmond Board of Directors appointed directors for the Baltimore and Charlotte branches, effective Jan.1, 2010.

The Federal Reserve Bank of Richmond announces the following officer appointments effective Jan. 1, 2010.

The FOMC stated that economic activity has continued to pick up. The committee voted to maintain the federal funds rate target range, adding that economic conditions, including subdued inflation trends and stable inflation expectations, are likely to warrant exceptionally low levels of the rate for an extended period.

The "Beige Book" report is published eight times per year and consists of anecdotal information on current economic conditions from each Federal Reserve.

The "Beige Book" report is published eight times per year and consists of anecdotal information on current economic conditions from each Federal Reserve.

The Federal Reserve Bank of Richmond announces the following officer appointments effective Sept. 28, 2009 and Oct. 1, 2009.

The Federal Open Market Committee said today that information suggests economic activity has picked up, with financial market conditions improving and housing sector activity increasing. The FOMC voted to maintain the target federal funds rate range at zero to 1/4 percent. President Lacker voted for today's actions.

The Board of Governors of the Federal Reserve System has reappointed the chair and deputy chair of the Board of Directors for the Federal Reserve Bank of Richmond, effective Jan. 1, 2010.

The Federal Open Market Committee voted unanimously today to maintain the target for the federal funds rate at 0 to 1/4 percent. The FOMC says information since its June meeting suggests economic activity is leveling out. President Jeff Lacker votes this year on FOMC actions.

The Federal Reserve Bank of Richmond announces the following officer promotions effective Aug. 1, 2009

The "Beige Book" report is published eight times per year and consists of anecdotal information on current economic conditions from each Federal Reserve.

Federal Reserve Chairman Ben Bernanke appears again tonight with Jim Lehrer, PBS news anchor and executive director of The NewsHour with Jim Lehrer. This is the second segment of the three-night special that started July 27. The Chairman fields citizens' questions on the nation's economy.

The Federal Reserve Bank of Richmond has hired Bruce Grinnell as vice president of corporate support services.

The Federal Reserve Bank of Richmond has hired Michelle Gluck as senior vice president and general counsel. Gluck will join the organization's senior leadership team as of July 31, and will lead the legal team in providing counsel for the Bank's critical business activities. Gluck succeeds James McAfee, who retired in May.

The "Beige Book" report is published eight times per year and consists of anecdotal information on current economic conditions from each Federal Reserve.

The Fifth Federal Reserve Bank of Richmond's Board of Directors appointed John S. Kreighbaum as director to fill the Charlotte board's term ending Dec. 31, 2009

Information received since the Federal Open Market Committee met in March indicates that the economy has continued to contract, though the pace of contraction appears to be somewhat slower.

The Federal Reserve Bank of Richmond has promoted Dennis McDonald as vice president of the regional law enforcement division, which is based in Richmond.

The Federal Reserve System on Thursday published the annual financial statements for the combined Federal Reserve Banks, the 12 individual Federal Reserve Banks, the limited liability companies (LLCs) that were created in 2008 to respond to strains in financial markets, and the Board of Governors for the years ended December 31, 2008 and 2007.

The "Beige Book" report is published eight times per year and consists of anecdotal information on current economic conditions from each Federal Reserve.

This joint statement reflects the common views of the Treasury and the Federal Reserve on the appropriate roles of the Federal Reserve and the Treasury during the current financial crisis and in the future and on the steps necessary to ensure that both financial and monetary stability will be achieved.

The Committee will maintain the target range for the federal funds rate at 0 to 1/4 percent and anticipates that economic conditions are likely to warrant exceptionally low levels of the federal funds rate for an extended period.

The "Beige Book" report is published eight times per year and consists of anecdotal information on current economic conditions from each Federal Reserve.

The U.S. Treasury Department and the Federal Reserve Board today announced a restructuring of the government's assistance to AIG in order to stabilize this systemically important company in a manner that best protects the U.S. taxpayer. Specifically, the government's restructuring is designed to enhance the company's capital and liquidity in order to facilitate the orderly completion of the company's global divestiture program.

The Federal Reserve Bank of Richmond has hired Kim Zeuli as assistant vice president of Community Affairs for the Fifth District, effective March 2, 2009. Zeuli will lead a professional staff engaged in economic research and analysis, as well as program and policy development for community development initiatives. She also will counsel Bank leadership on emerging issues in this field.

The Federal Reserve Board on Monday launched a new section of its website expanding the information provided about the policy tools the Federal Reserve has employed to address the financial crisis and simplifying access to that information.

A strong, resilient financial system is necessary to facilitate a broad and sustainable economic recovery. The U.S. government stands firmly behind the banking system during this period of financial strain to ensure it will be able to perform its key function of providing credit to households and businesses. The government will ensure that banks have the capital and liquidity they need to provide the credit necessary to restore economic growth. Moreover, we reiterate our determination to preserve the viability of systemically important financial institutions so that they are able to meet their commitments. 

The Federal Reserve Bank of Richmond has hired Ann Battle Macheras as vice president of the regional division of the Research Department, which is based in Richmond.

The Federal Reserve Board on Tuesday announced that it is prepared to undertake a substantial expansion of the Term Asset-Backed Securities Loan Facility (TALF).

The Federal Reserve Bank of Richmond has promoted Regional Economist Matthew Martin to the role of Senior Vice President and Charlotte Regional Executive.

The Federal Reserve Board on Friday published a policy that was adopted to help avoid preventable foreclosures on certain residential mortgage assets held, owned, or controlled by a Federal Reserve Bank.

The Federal Reserve Bank of Richmond has promoted Tammy H. Cummings to the role of Senior Vice President and Chief Human Resources Officer. She is responsible for Bank's regional human resources operations, policies and initiatives as of Feb.1, 2009.

The Federal Open Market Committee decided today to keep its target range for the federal funds rate at 0 to 1/4 percent. The Committee continues to anticipate that economic conditions are likely to warrant exceptionally low levels of the federal funds rate for some time.

William C. Dudley was named today to serve as President and Chief Executive Officer of the Federal Reserve Bank of New York.

The "Beige Book" report is published eight times per year and consists of anecdotal information on current economic conditions from each Federal Reserve.

The Fifth Federal Reserve District member banks have elected directors of the Federal Reserve Bank of Richmond for three-year terms beginning January 2009

The Board of Governors of the Federal Reserve System appointed the following Chairman and Deputy Chairman of the Board of Directors for the Federal Reserve Bank of Richmond, effective Jan. 1, 2009:

• Lemuel E. Lewis — President, LocalWeather.com Suffolk, Va. — was appointed chairman of the board of directors for 2009. Mr. Lewis has served as a Class C director since 2005.
• Margaret E. McDermid — Senior Vice President and Chief Information Officer, Dominion Resources Inc., Richmond, Va. — was appointed deputy chairman for 2009.  Ms. McDermid has served as a Class C director since 2007.

The Federal Open Market Committee decided today to establish a target range for the federal funds rate of 0 to 1/4 percent.

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 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 for the Federal Reserve Bank of Richmond’s Baltimore and Charlotte branches elected the following chairpersons for one-year terms effective Jan. 1, 2009.

The "Beige Book" report is published eight times per year and consists of anecdotal information on current economic conditions from each Federal Reserve.

The U.S. government on Sunday entered into an agreement with Citigroup to provide a package of guarantees, liquidity access, and capital.

On November 10, 2008, the Federal Reserve will offer $150 billion in 17-day credit through its Term Auction Facility. This is a forward auction designed to provide term funding over year-end—awarded loans will settle on December 22, 2008.

The Federal Reserve Board and the U.S. Treasury on Monday announced the restructuring of the government's financial support to the American International Group (AIG) in order to keep the company strong and facilitate its ability to complete its restructuring process successfully.

The Federal Open Market Committee decided today to lower its target for the federal funds rate 50 basis points to 1 percent.

Federal Reserve announces the creation of the Money Market Investor Funding Facility (MMIFF)

Federal Reserve announces results of auction of $150 billion in 28-day credit held on October 20, 2008

The Board of Directors of the Federal Reserve Bank of Richmond has appointed the Fifth District representative to the Federal Advisory Council.

Kenneth D. Lewis — Chairman, Chief Executive Officer and President, Bank of America Corp., Charlotte, N.C., was re-appointed to a second term as the Fifth District’s representative on the Federal Advisory Council.

The "Beige Book" report is published eight times per year and consists of anecdotal information on current economic conditions from each Federal Reserve.

Federal Reserve and other central banks announce reductions in policy interest rates

Board announces creation of the Commercial Paper Funding Facility (CPFF) to help provide liquidity to term funding markets

Board announces that it will begin to pay interest on depository institutions required and excess reserve balances

The Federal Reserve Bank of Richmond appointed the following three members to its Small Business and Agriculture Advisory Council.

The Federal Reserve Bank of Richmond announces the following officer promotions effective Jan. 1, 2007.

The boards of directors of the Bank's Baltimore and Charlotte offices elected the following chairmen for 2008.

The Federal Reserve Bank of Richmond's member banks have elected the following to three-year terms beginning January 1, 2008.

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 offices, effective January 1, 2008.

The Board of Directors of the Federal Reserve Bank of Richmond has appointed the Fifth District representative to the Federal Advisory Council.

The Board of Governors of the Federal Reserve System has named the Chairman and Deputy Chairman of the Board of Directors for the Federal Reserve Bank of Richmond, effective January 1, 2008.

The Federal Reserve Bank of Richmond recognizes several employees who recently earned certification in business continuity and project management, business specialties critical to Fifth District Information Technology operations.

As part of the reorganization of the Banking Supervision and Regulation Department, we are pleased to announce that the Richmond Board of Directors has approved the following officer appointments effective September 1, 2007.

The Federal Reserve Board of Governors made the following appointment to the Federal Reserve Bank of Richmond’s Board of Directors, effective immediately.

We are pleased to announce that the Richmond Board of Directors has approved the following officer appointments.

The Richmond Board of Directors has appointed the following officer effective May 14, 2007.

The Federal Reserve Board of Governors made the following appointment to the Charlotte Board of Directors, effective immediately.

The Federal Reserve Bank of Richmond announces the following officer promotion effective April 16, 2007.

The Federal Reserve Bank of Richmond announces the recent appointment of the following four members to its Small Business and Agriculture Advisory Council.

The Federal Reserve's Board of Governors has appointed Lemuel E. Lewis as deputy chairman of the board of directors for the Federal Reserve Bank of Richmond, effective immediately. Lewis, director of Landmark Communications, Inc., Norfolk, Va., also was recently reappointed as a Class C director and has served on the Richmond board since 2005. (Only Class C directors are eligible to serve as board chairman and deputy chairman.)

The Federal Reserve Board of Governors made the following reappointment to the Federal Reserve Bank of Richmond's Board of Directors.

The Boards of Directors for the Federal Reserve Bank of Richmond’s Baltimore and Charlotte Offices elected the following chairpersons for one-year terms effective Jan. 1, 2007.

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 Offices, effective Jan.1, 2007.