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11.5 Election of Reserve Bank Presidents

<< Title XI Overview

11.5 Election of Reserve Bank Presidents

 

 


            11.5      Election of Reserve Bank Presidents.  Banks no longer will be permitted to vote on who serves as a Reserve Bank president.  Instead, only "Class B" and "Class C" directors of a Federal Reserve Bank (i.e., directors that represent the public and that are chosen by the member banks and Fed respectively) will elect the Reserve Bank presidents.  [§1107]