To amend the Federal Reserve Act to modify the appointment process for presidents of Federal Reserve Banks.
Fully Informed District Bank Act
This bill amends the Federal Reserve Act to modify the appointment processes for presidents and first vice presidents of Federal Reserve banks. Specifically, Class A directors (representatives of the banking industry) on a bank's board may vote on such appointments, as may, under current law, Class B and Class C directors (representatives of the public).
Placed on the Union Calendar, Calendar No. 883.
Introduced in House
Introduced in House
Hearings Held by the Subcommittee on Monetary Policy and Trade Prior to Referral.
Referred to the House Committee on Financial Services.
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