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February 11, 2016 10:56 PM ET

Diversified Financial Services

Company Overview of Federal Reserve Bank of Richmond

Company Overview

Federal Reserve Bank of Richmond operates as a central bank that sets monetary policy, supervises and regulates member financial institutions, and provides various financial services in District of Columbia, Maryland, Virginia, North Carolina, South Carolina, and West Virginia. The company contributes to the formulation of the national monetary policy; gathers and analyzes regional economic data; processes currency, check, and electronic payments for banks; and provides financial services to the U.S. Treasury. It supervises and regulates bank holding companies, financial holding companies, and state member banks; handles requests from bank holding companies, state member banks, foreign organ...

701 East Byrd Street

Richmond, VA 23219

United States

Founded in 1914





Key Executives for Federal Reserve Bank of Richmond

Chief Executive Officer and President
Age: 60
Chief Financial Officer
Chief Operating Officer and First Vice President
Chief Technology Officer and Senior Vice President
Chief Information Officer and Senior Vice President of Corporate Support Services
Compensation as of Fiscal Year 2015.

Federal Reserve Bank of Richmond Key Developments

The Federal Reserve Bank of Richmond Announces Executive Changes at Charlotte Branch

The Federal Reserve Bank of Richmond has named a new chair for its Charlotte branch's board. Laura Clark, executive director of Charlotte nonprofit Renaissance West Community Initiative, will serve a one-year term that began January 8, 2016. She replaces last year's chair, Elizabeth Fleming, president of Spartanburg. Fleming will remain on the board for one more year to complete her director term. Clark has also been reappointed to a three-year term as a director for the board. Clark has served as a director of the branch's board since 2014. The Fed also announced that Deborah Aguiar-Velez, president of Charlotte-based consulting firm Sistemas Corp., has been appointed to a three-year term as a director for the Charlotte branch's board. The Fed also said that two directors whose terms have expired are leaving the Charlotte board. They are: Lucia Griffith, chief executive officer and principal of Charlotte-based Metro Landmarks. Mark Williamson, president and CEO of High Point Bank and Trust.

Federal Reserve Bank of Richmond Announces Promotion of Terry Wright as Group Vice President

The Federal Reserve Bank of Richmond announced the following officer appointment. Terry Wright has been promoted to group vice president with responsibility for the Cash Services department and the Law Enforcement Unit. The appointment was effective January 1, 2016. Wright has been a vice president since 2005 and has served as deputy regional executive in the Richmond Feds Charlotte office since 2009. He joined the Bank in 2004 as an assistant vice president with responsibilities in check processing operations after working nine years at the Atlanta Fed.

Federal Reserve Bank of Richmond Announces Executive Changes

Federal Reserve Bank of Richmond announced that Goodwill of Greater Washington President and CEO Catherine Meloy has been elected to the Federal Reserve Bank of Richmond's board of directors. The Fifth Federal Reserve District member banks selected Meloy for the three-year post, which takes effect Jan. 1, 2016. Meloy follows Linda Rabbitt, chairman and CEO of Rand Construction Corp. Rabbitt had served on the Federal Reserve Bank of Richmond's board from 2009 to 2015, and as chair from 2013 to 2015, when her term ended.

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