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Press Releases

Wednesday, March 31, 2004

Federal Reserve Bank President Keynotes Perdue Breakfast

SALISBURY, MD---J. Alfred Broaddus Jr., president of the Federal Reserve Bank of Richmond, is the guest lecturer during the Franklin P. Perdue School of Business Breakfast 7:30 a.m. Friday, April 16, at the Hyatt Regency Chesapeake Bay Golf Course, Spa and Marina in Cambridge, MD.

The president of the bank since 1993, Broaddus speaks on “A Review of the Economic Outlook and Monetary Policy.” Founded by Congress in 1913, the Federal Reserve Bank System's role is to foster a stable economy and financial system. The Richmond Bank operates with a regional perspective, supervising and regulating banks and financial holding companies headquartered in Maryland, Virginia, North Carolina, South Carolina and West Virginia.

In addition to his responsibilities at the bank, he serves every third year as a member of the Federal Reserve System’s Federal Open Market Committee.

An employee of the Federal Reserve Bank since 1970, Broaddus is the author of many articles on banking and monetary policy. He has taught at the University of Richmond and is a member of the Virginia Governor’s Advisory Council on Revenue Estimates.

A native of Richmond, Broaddus earned his Bachelor of Arts from Washington and Lee University. Following graduation he studied in France under a Fulbright Fellowship where he earned a graduate degree from the Center for Advanced European Studies at the University of Strasburg. After serving in the military, he earned his Master of Arts and Ph.D. in economics from Indiana University. Washington and Lee awarded him an honorary Doctor of Laws in 1993.

Active in community work in the Richmond area, Broaddus was the 1990 chair of the Board of Trustees of United Way Services and is a former chair of the Board of Governors of St. Christopher’s School. He currently chairs the Health Corporation of Virginia’s Board of Trustees. He is also past president of the Richmond Memorial Hospital Foundation and a board member of the Metro Richmond Coalition Against Drugs.

"This is a unique opportunity for the business community and our students,” said Dr. William Moore, dean of the Perdue School. “The Federal Reserve System is such an important factor in matters that affect us personally and professionally. All of us look forward to Mr. Broaddus’ economic and monetary review with implications for the Eastern Shore."

Admission to the breakfast is by invitation. For information call 410-543-6030 or visit the SU Web site at

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