A former member of the Board of Governors of the Federal Reserve System, Brimmer says African Americans will improve their relative employment and income positions, but the job and income deficit will narrow very little--and perhaps may even widen.
This issue arises out of an enforcement proceeding brought by the Board of Governors of the Federal Reserve System (the "Board") against Jean Peyrelevade (the "Respondent"), the former chief executive officer of Credit Lyonnais.
The responsibility for making sure the economy negotiates this delicate balance lies with the seven-member Board of Governors of the Federal Reserve System and five regional Federal Reserve Bank presidents.
Approved by the Board of Governors of the Federal Reserve System in 1994, Deposit Reclassification represents a change in the method by which transaction accounts are reported to the Federal Reserve Bank for reserve requirement purposes.
Additional information about Albemarle First Bank's directors and executive officers is included in Albemarle First Bank's Annual Report on Form 10-KSB for the year ended December 31, 2005, as amended, which was filed with the Board of Governors of the Federal Reserve System and is available on Albemarle First Bank's website at www.