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.
House passes bills on stablecoins, digital assets, CBDCs
The House voted in favor of two bills to create a regulatory framework for payment stablecoins and digital assets. House members also voted in favor of a separate bill to ban the Federal Reserve from issuing a CBDC.