The Board of Governors of the Federal Reserve System has appointed Laura Y. Clark, executive director, Renaissance West Community Initiative, Charlotte, N.C., to serve on the Charlotte office board for the remaining portion of a three-year term that ends Dec. 31, 2015.
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.