BB&T's new CEO has been elected to the board of the Federal Reserve Bank of Richmond.  From the announcement:

BB&T Corporation (NYSE: BBT) today said that Chief Executive Officer Kelly S. King has been elected to serve on the nine-member board of directors of the Federal Reserve Bank of Richmond. 

King was elected to a three-year term as a "Class A director" by the stockholding member banks of the Fifth Federal Reserve District, which is served by the Richmond Fed. 

"This is certainly an honor, but also an important responsibility, particularly during these difficult times," said King, who succeeded John Allison as chief executive officer on Jan. 1. "Monetary policy is critically important. As a representative of BB&T, I'm looking forward to doing whatever I can to contribute to a meaningful dialogue around the economic issues facing us."