Financial Update (First Quarter 2003)


   Sixth District
   Banking Outlook

   New FDIC rule for

   Guynn’s Speech

   2003 Economic

   Atlanta Fed Board

   Discount Window

   Section 529 Savings


   Data Bank

   Circular Letters




Martin Joins the Atlanta Fed’s Board of Directors

Photo of Larkin Martin
V. Larkin Martin

V. Larkin Martin, managing partner of Martin Farm and vice president of Albemarle Corp., has been appointed to the Federal Reserve Bank of Atlanta’s board of directors. Her term began in January 2003 and runs through December 2005. Martin was formerly chairman and a member of the board of directors of the Atlanta Fed’s Birmingham Branch.

Before beginning her work with Martin Farm and Albemarle Corp., Martin was an associate commercial real estate appraiser with GA/Partners-Arthur Andersen & Co. in Washington, D.C. Previously, she was a confidential assistant in the Office of the Secretary in the U.S. Treasury Department.

Martin is a member of the board of directors of the Business Council of Alabama and Leadership Alabama. She is a director and officer of Servico Inc. and Cottonseed LLC, both cotton business operations. Martin represents Alabama within the cotton industry and serves as director and officer of the Cotton Board, as a director of the Cotton Foundation and Southern Cotton Growers, and as a delegate to the National Cotton Council.

She serves her community as a member of the Board of Regents of the Nature Conservancy’s Alabama Chapter and is on the board of directors of the Lawrence County Hospital Foundation.

Martin received a bachelor’s degree in European history from Vanderbilt University.

Each of the nation’s 12 Federal Reserve Banks has a nine-member board of directors. The board of directors of the Atlanta Fed oversees the management of the bank’s operations. Board members also contribute to the formulation of U.S. monetary policy through the economic information they provide the bank’s president and by recommending changes in the discount rate.

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