The Federal Reserve today announced the 12 regional Federal Reserve Banks’ chairmen and deputy chairmen for 2016. Each regional Reserve Bank has a nine-member board of directors. The Fed board in Washington, D.C., appoints three directors, and each year designates one of its appointees as chairman and a second as deputy chairman.
Congress sends budget bill to president with numerous ABA-backed provisions
Included in the bill were several ABA-supported tax provisions related to banks, including a modified version of the ABA-advocated ACRE Act and the permanent extension of the Section 199A pass-through deduction rate of 20%.