Jeffrey M. Lacker, President, Federal Reserve Bank of Richmond Statement on Dissenting Vote at FOMC Meeting December 11–12, 2012

President Jeff Lacker opposed the asset purchase program and the characterization of conditions for keeping the federal funds rate low.

Diane Knapp has been promoted to assistant vice president in the Bank’s Corporate Accounting department with responsibility for its financial accounting function and oversight in the preparation of financial statements and Ann Harrison has been promoted to assistant vice president in the Bank’s Supervision, Regulation and Credit department with responsibilities in the Community and Regional Safety and Soundness group.

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 appointed Margaret E. "Lyn" McDermid as the Federal Reserve System’s chief information officer. McDermid, in her new role, will oversee national information technology for the Federal Reserve System.

The Fifth Federal Reserve District member banks elected directors to the board of the Federal Reserve Bank of Richmond for three-year terms effective January 1, 2013.

Alexander L. Wolman has been appointed to the position of vice president for monetary and macroeconomic research in the Bank’s Research department.

Directors of the Federal Reserve Bank of Richmond have appointed Kelly S. King, chairman and chief executive officer of BB&T Corp., of Winston-Salem, N.C., to serve a one-year term as the Fifth District representative on the Federal Advisory Council.

Jeffrey M. Lacker, President, Federal Reserve Bank of Richmond Statement on Dissenting Vote at FOMC Meeting October 23-24, 2012

President Jeff Lacker dissents, citing concerns about additional asset purchases and the time period description regarding the federal funds rate.

The Federal Reserve Board on Thursday announced the members of its Community Depository Institutions Advisory Council (CDIAC) for 2013. Charles H. Majors, executive chairman of American National Bank and Trust Company, Danville, Va., will serve as president of the council.