Oct. 17, 2002 – Wesley S. Williams Jr., a Washington, D.C., lawyer with strong ties to the Virgin Islands, has been named chairman of the Federal Reserve Bank in Richmond, Virginia, for 2003.
Williams, a partner in the law firm Covington and Burling, also serves as co-chief executive officer of St. Thomas-based Lockhart Caribbean Corp. He is married to Karen Hastie Williams, daughter of Beryl Lockhart Williams and former Gov. William Hastie, who later served as a judge on the 3rd Circuit Court of Appeals.
Williams received his bachelor's degree in 1963 from Harvard College, and a master's degree as a Woodrow Wilson Fellow in 1964 from the Fletcher School, a joint program of Tufts and Harvard Universities. He received his law degree from Harvard Law School and a subsequent law degree in 1969 from Columbia University Law School. He has pursued advanced doctoral studies at the law schools of both Columbia and Harvard.
He is listed in "The Best Lawyers in America," "Who's Who in America" and "Who's Who in American Law." He serves on the board of regents of the Smithsonian Institution.
There are a dozen Federal Reserve Banks. Each has a nine-member board of directors; for each institution, the overseeing board of governors in Washington designates one of its director appointees as chair and another as deputy chair.
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