For immediate release: February 22, 2023

The Federal Reserve Bank of Atlanta announces the appointment of James O. Etheredge to the Atlanta board of directors. He was appointed by the Board of Governors to fill an unexpired term beginning January 25, 2023, and ending December 31, 2025. He is a Class C director.

Etheredge is chief executive officer of Accenture North America based in Atlanta. He is a board member of the Metro Atlanta Chamber, Global Apprenticeship Network, and TechBridge. Etheredge is a graduate of the Georgia Institute of Technology.

Each of the nation's 12 Federal Reserve Banks has a nine-member board of directors. Three Class A directors are generally bankers and are elected by national and state-chartered banks that are members of the Federal Reserve System. Three Class B directors are also elected by these banks but represent commerce, industry, agriculture, labor, and consumers. Three Class C directors represent the same broad array of public interests but are appointed by the Board of Governors in Washington, DC. The Reserve Bank's chair and deputy chair must be Class C directors.

The board of directors of the Federal Reserve Bank of Atlanta oversees the management of the bank's operations and recommends changes in the discount rate. Board members also contribute to the formulation of US monetary policy through the economic information they provide the bank's president.