Governor Seay's Letter of Response
The naming of Richmond as home of the Fifth District was not without controversy. The city of Baltimore was particularly upset that it was not selected. After officials protested Richmond’s victory, George Seay, the first governor of the Richmond Fed, responded by writing a letter to the Journal of Commerce and Commercial Bulletin, rebutting Baltimore’s arguments.
For more information regarding Richmond’s winning bid for the Fifth District, please see this Region Focus article from the Winter 2007.