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.

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.

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 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.

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 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.