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Board of Governors

January 18, 2012

Fifth Federal Reserve District Charlotte Director Appointed

Richmond, Va.

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

  • Claude Z. Demby, Chief Executive Officer, Noël Group, LLC, Zebulon, N.C., was appointed by the Board of Governors for a three-year term.

The Boards of Directors of the Baltimore and Charlotte offices of the Federal Reserve Bank of Richmond each have seven members. A majority of each office's directors are appointed by the Board of Directors of the Richmond Reserve Bank and the remainder by the Board of Governors of the Federal Reserve System.

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.


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Jim Strader
(804) 697-8956
(804) 332-0207 (mobile)