Chair, Deputy Chair Appointed For Richmond Fed Board - Press Release, December 5, 2011 - Federal Reserve Bank of Richmond
Chair, Deputy Chair Appointed For Richmond Fed Board
Chair, Deputy Chair Appointed For Richmond Fed Board
Chair, Deputy Chair Appointed For Richmond Fed Board - Press Release, December 5, 2011 - Federal Reserve Bank of Richmond
2011-12-05
News
Press Releases
Richmond
Va.
<p>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.</p>
<p>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.</p><p><strong>Margaret E. McDermid</strong>, senior vice president and chief information officer of Dominion Resources Inc., of Richmond, was reappointed as chair for 2012. Ms. McDermid has served as a Class C director since 2007.</p><p><strong>Linda D. Rabbitt</strong>, chairman and chief executive officer of Rand Construction Corp., of Washington, D.C., was reappointed for a second term, ending 2014, and reappointed deputy chair for 2012. She has served as a Class C director since 2009.</p><p>Each Federal Reserve Bank has a nine-member board of directors. Three Class A and three Class B directors are elected to three-year terms by the stockholding member banks, and three Class C directors are appointed to three-year terms by the Board of Governors of the Federal Reserve System. Class A directors represent the stockholding member banks in each Federal Reserve District. Class B and Class C directors represent the public and are chosen with due consideration to the interests of agriculture, commerce, industry, services, labor and consumers. Only Class C directors can become chairperson or deputy chairperson.</p>
<p>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.</p>
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<p>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.</p>