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Richard D. Folger of Midland Appointed to Dallas Fed's El Paso Branch Board

For immediate release: January 7, 2015

DALLAS—Richard D. Folger of Midland has been appointed to the Federal Reserve Bank of Dallas’ El Paso Branch board of directors by the Federal Reserve Board of Governors in Washington, D.C.  He will serve a three-year term ending Dec. 31, 2017.

As a board member, Folger will provide input on regional economic conditions as part of the Federal Reserve’s monetary policy functions.

Folger is president and CEO of Warren Equipment Company, a privately held Delaware corporate holding company.  He also is chairman and director of each Warren Equipment Company subsidiary.

He serves as a director of the Permian Basin Petroleum Association and as immediate past chairman of the board of trustees of Midland Memorial Hospital. 

He also is on the advisory boards of the Helen Greathouse Charitable Trust and Rea Charitable Trust.  He serves on the executive committee of the University of Texas System Chancellor’s Council, advisory council for the University of Texas McCombs School of Business and advisory board for the University of Texas Cockrell School of Engineering.

He earned a B.B.A. and B.S. from the University of Texas at Austin and is a graduate of the Southwestern Graduate School of Banking at Southern Methodist University.

The El Paso Branch board consists of seven members, four appointed by the Dallas Fed and three by the Federal Reserve Board of Governors in Washington, D.C.

For more information on the Dallas Fed, visit www.dallasfed.org.

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Media contact:
James Hoard
Phone: (214) 922-5307
Email: james.hoard@dal.frb.org