[U.S. Treasury Secretary Proposes New Rule for Regional Fed Presidents: Must Reside in District for at Least Three Years] BlockBeats News, December 3, U.S. Treasury Secretary Besant stated that he plans to push for a new requirement stipulating that the presidents of the 12 regional Federal Reserve Banks must reside in their respective districts for at least three years prior to appointment. However, the final decision will still rest with the Federal Reserve Chair and the Board of Governors. (Jin10)