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July 29, 2015 7:07 PM ET


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
Principal Financial Officer and Group Vice President
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

Federal Reserve Bank of Richmond Appoints Ron Barnes as Assistant Vice President in the Statistics and Reserve Accounts Department

The Federal Reserve Bank of Richmond appointed Ron Barnes as assistant vice president in the Statistics and Reserve Accounts department, with responsibility for ensuring that financial institutions meet their reserve requirements. The appointment was effective July 15, 2015. Barnes joined the Richmond Fed in 1995 and was promoted to senior manager in 2000. Before joining the Fed, he was operations manager for New Horizons Computer Learning Center in Charlotte, North Carolina.

The Federal Reserve Bank of Richmond Announces Executive Changes

The Federal Reserve Bank of Richmond has appointed Huberto Ennis as the group vice president for macro and financial economics in the research department. He joined the company in 2000 as an economist, was promoted to senior economist in 2005 and since 2009 also has been a research advisor. Gina Friese also has been appointed as company assistant vice president in the Information Technology department with responsibility for the cash application development group. She joined the company in 2007 as a project manager in the group and has been a program director since 2012. Prior to joining Friese was a project manager at Capital One.

Richmond Fed Announces Management Changes

The Federal Reserve Bank of Richmond has appointed E. Stephen Lilly, chief operating officer of First Community Bancshares Inc. and First Community Bank of Bluefield, Virginia, as chair of the Richmond Fed's Payments Advisory Council (PAC). Lilly, who has served on the council since 2001 and its steering committee since 2012, succeeds Martin Patterson as chair. Patterson, senior vice president for banking operations for SunTrust Banks, has served as a PAC member since 1993 and as chair since 2002. The Richmond Fed also named Robert E. Dael, president and CEO of the Mid-Atlantic Payments Association, to the council.

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