The Federal Reserve Bank of Richmond is the headquarters of the Fifth District of the Federal Reserve located in Richmond, Virginia. It covers the District of Columbia, Maryland, North Carolina, South Carolina, Virginia, and most of West Virginia excluding the Northern Panhandle. Branch offices are located in Baltimore, Maryland and Charlotte, North Carolina. Currently, the position of president is vacant following the retirement of Jeffrey M. Lacker in April of 2017. The previous president, J. Alfred Broaddus, retired in 2004.
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Building
The Federal Reserve Bank of Richmond is located in Downtown Richmond, Virginia. It has an aluminum facade and was designed by Minoru Yamasaki, who also designed the former World Trade Center. Despite being one of the tallest buildings in the state, 49% of the building's total floor area is located underground. The building was proposed in 1972, and built from 1975-1978.
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Economy
The Federal Reserve Bank of Richmond is the third-largest Federal Reserve Bank by assets held, after New York and San Francisco, as of April 2015.
Branches
- Federal Reserve Bank of Richmond Baltimore Branch Office
- Federal Reserve Bank of Richmond Charlotte Branch Office
Current Board of Directors
The following people serve on the board of directors as of 2015: All terms expire December 31.
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Source of the article : Wikipedia
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