Federal Reserve Announces Revisions to Policies Governing Directors of Federal Reserve Banks and Their Branches
November 25, 2009
Circular No. 12162

The Federal Reserve Board has announced revisions to the policy governing eligibility, qualifications and rotation for directors of Federal Reserve Banks and their Branches. The revisions address situations where, as a result of a company changing character, affiliations and stockholdings that were previously permissible may become impermissible for Class B and Class C directors.

See press release for full details.

Press release offsite