The Federal Reserve Bank of Richmond announces the recent appointment of the following four members to its Small Business and Agriculture Advisory Council:
The following six members continue to serve on the Council:
The Federal Reserve Bank of Richmond established its Small Business and Agriculture Advisory Council in 1985 for the purpose of improving communication with the small business and agriculture sectors within the Fifth Federal Reserve District. The 12-member Council has two representatives each from the District of Columbia, Maryland, North Carolina, South Carolina, Virginia and West Virginia. The Richmond Fed president appoints Council members for three-year terms with eligibility for a second three-year term. The Council meets at least twice yearly to counsel the president and other senior officers regarding the impact of monetary, banking and fiscal policies on small businesses, farmers, inner city economies and economic opportunities in rural areas.
The Richmond Fed serves the Fifth Federal Reserve District, which includes the District of Columbia, Maryland, North Carolina, South Carolina, Virginia and most of West Virginia. As part of the nation's central bank, we're one of 12 regional Reserve Banks that work together with the Federal Reserve's Board of Governors to strengthen the economy and our communities. We manage the nation's money supply to keep inflation low and help the economy grow. We also supervise and regulate financial institutions to help safeguard our nation's financial system and protect the integrity and efficiency of our payments system.