Directors of Federal Reserve
Banks and Branches
Under the Federal Reserve Act, each of the twelve Reserve Banks is separately incorporated with its own board of directors. In each Reserve District, commercial banks that are members of the Federal Reserve System own the stock of their District's Reserve Bank and elect the majority of the Reserve Bank's board of directors; the remainder of the directors are appointed by the Federal Reserve Board.
- About the Directors
- List of Directors
- Sectors Represented by Directors
- Map of District web sites
- Structure of the FR System
- Bank Presidents
- Policies Governing Directors
List of Directors
The following list of directors of the twelve Federal Reserve Banks and of their twenty-four Branches shows, for each director, the class of directorship, the principal business affiliation of the director, and the expiration date of the director's term.
Boston | New York | Philadelphia | Cleveland | Richmond | Atlanta | Chicago | St. Louis | Minneapolis | Kansas City | Dallas | San Francisco | All Districts
DISTRICT 1 - BOSTON
Class A
| Name | Title | Term expires December 31 |
|---|---|---|
| Richard E. Holbrook | Chairman and Chief Executive Officer Eastern Bank Boston, Massachusetts | 2013 |
| Kathryn G. Underwood | President and Chief Executive Officer Ledyard National Bank Hanover, New Hampshire | 2014 |
| Peter L. Judkins | President and Chief Executive Officer Franklin Savings Bank Farmington, Maine | 2015 |
Class B
| Name | Title | Term expires December 31 |
|---|---|---|
| John F. Fish | Chief Executive Officer Suffolk Construction Company, Inc. Boston, Massachusetts | 2013 |
| Gary L.Gottlieb | President and Chief Executive Officer Partners HealthCare System, Inc. Boston, Massachusetts | 2014 |
| Roger S. Berkowitz | President and Chief Executive Officer Legal Sea Foods, LLC Boston, Massachusetts | 2015 |
Class C
| Name | Title | Term expires December 31 |
|---|---|---|
| Kirk A. Sykes (Chair) | President Urban Strategy America Fund Boston, Massachusetts | 2013 |
| William D. Nordhaus (Deputy Chair) | Sterling Professor of Economics Yale University New Haven, Connecticut | 2014 |
| Catherine DAmato | President and Chief Executive Officer The Greater Boston Food Bank Boston, Massachusetts | 2015 |
DISTRICT 2 - NEW YORK
Class A
| Name | Title | Term expires December 31 |
|---|---|---|
| Gerald H. Lipkin | Chairman, President, and CEO Valley National Bank Wayne, New Jersey | 2013 |
| Paul P. Mello | President and Chief Executive Officer Solvay Bank Solvay, New York | 2014 |
| Richard L. Carrión | Chairman, President and Chief Executive Officer Popular, Inc. San Juan, Puerto Rico | 2015 |
Class B
| Name | Title | Term expires December 31 |
|---|---|---|
| Alphonso O'Neil-White | President and Chief Executive Officer HealthNow New York Inc. Buffalo, New York | 2013 |
| Terry J. Lundgren | Chairman, President and Chief Executive Officer Macy's, Inc. New York, New York | 2014 |
| Glenn H. Hutchins | Co-Founder and Managing Director Silver Lake New York, New York | 2015 |
Class C
| Name | Title | Term expires December 31 |
|---|---|---|
| Kathryn S. Wylde (Deputy Chair) | President and Chief Executive Officer Partnership for New York City New York, New York | 2013 |
| Emily K. Rafferty (Chair) | President The Metropolitan Museum of Art New York, New York | 2014 |
| Sara Horowitz | Executive Director Freelancers Union Brooklyn, New York | 2015 |
DISTRICT 3 - PHILADELPHIA
Class A
| Name | Title | Term expires December 31 |
|---|---|---|
| R. Scott Smith | Retired Chairman and Chief Executive Officer Fulton Financial Corporation Lancaster, Pennsylvania | 2013 |
| Frederick "Ted" C. Peters | Chairman and Chief Executive Officer Bryn Mawr Trust Company Bryn Mawr, Pennsylvania | 2014 |
| David R. Hunsicker | Chairman, President, and Chief Executive Officer New Tripoli Bank New Tripoli, Pennsylvania | 2015 |
Class B
| Name | Title | Term expires December 31 |
|---|---|---|
| Keith S. Campbell | Chairman Mannington Mills, Inc. Salem, New Jersey | 2013 |
| Patrick T. Harker | President University of Delaware Newark, Delaware | 2014 |
| Rosemary Turner | President UPS -- North California District Oakland, California | 2015 |
Class C
| Name | Title | Term expires December 31 |
|---|---|---|
| Jeremy Nowak (Chair) | President J. Nowak and Associates, LLC Philadelphia, Pennsylvania | 2013 |
| Michael J. Angelakis | Vice Chair and Chief Financial Officer Comcast Corporation Philadelphia, Pennsylvania | 2014 |
| James E. Nevels (Deputy Chair) | Chairman The Swarthmore Group Philadelphia, Pennsylvania | 2015 |
DISTRICT 4 - CLEVELAND
Cincinnati Branch | Pittsburgh Branch
Class A
| Name | Title | Term expires December 31 |
|---|---|---|
| Paul G. Greig | Chairman, President and Chief Executive Officer FirstMerit Corp. Akron, Ohio | 2013 |
| Todd A. Mason | President and Chief Executive Officer First National Bank of Pandora Pandora, Ohio | 2014 |
| Claude E. Davis | President and Chief Executive Officer First Financial Bancorp Cincinnati, Ohio | 2015 |
Class B
| Name | Title | Term expires December 31 |
|---|---|---|
| Harold Keller | President Ohio Capital Corporation for Housing Columbus, Ohio | 2013 |
| Tilmon F. Brown | President and Chief Executive Officer New Horizons Baking Company Norwalk, Ohio | 2014 |
| Susan Tomasky | Retired President AEP Transmission Columbus, Ohio | 2015 |
Class C
| Name | Title | Term expires December 31 |
|---|---|---|
| Christopher M. Connor (Deputy Chair) | Chairman and Chief Executive Officer The Sherwin-Williams Company Cleveland, Ohio | 2013 |
| John P. Surma | Executive Chairman United States Steel Corporation Pittsburgh, Pennsylvania | 2014 |
| Richard K. Smucker (Chair) | Chief Executive Officer The J.M. Smucker Company Orrville, Ohio | 2015 |
CINCINNATI BRANCH
Appointed by the Federal Reserve Bank:
| Name | Title | Term expires December 31 |
|---|---|---|
| Austin W. Keyser | Director, Great Lakes District NeighborWorks® America Cincinnati, Ohio | 2013 |
| Gregory B. Kenny | President and Chief Executive Officer General Cable Corporation Highland Heights, Kentucky | 2014 |
| Amos L. Otis | Founder, President, and Chief Executive Officer SoBran, Inc. Dayton, Ohio | 2014 |
| Donald E. Bloomer | President and Chief Executive Officer Citizens National Bank Somerset, Kentucky | 2015 |
Appointed by the Board of Governors:
| Name | Title | Term expires December 31 |
|---|---|---|
| Peter S. Strange (Chair) | Chairman Messer, Inc. Cincinnati, Ohio | 2013 |
| Deborah A. Feldman | President and Chief Executive Officer The Children’s Medical Center of Dayton Dayton, Ohio | 2014 |
Charles H. Brown | Vice President and Secretary Toyota Motor Engineering and Manufacturing, N.A. Erlanger, Kentucky | 2015 |
PITTSBURGH BRANCH
Appointed by the Federal Reserve Bank:
(Video) Segment 102: Structure of Federal Reserve
| Name | Title | Term expires December 31 |
|---|---|---|
| Todd D. Brice | President and Chief Executive Officer S&T Bancorp, Inc. Indiana, Pennsylvania | 2013 |
| Petra Mitchell | President Catalyst Connection Pittsburgh, Pennsylvania | 2014 |
| Grant Oliphant | President and Chief Executive Officer The Pittsburgh Foundation Pittsburgh, Pennsylvania | 2015 |
| Sean McDonald | President and CEO Precision Therapeutics, Inc. Pittsburgh, Pennsylvania | 2015 |
Appointed by the Board of Governors:
| Name | Title | Term expires December 31 |
|---|---|---|
| Glenn R. Mahone (Chair) | Partner and Attorney at Law Reed Smith LLP Pittsburgh, Pennsylvania | 2013 |
| Charles L. Hammel III | President PITT Ohio Pittsburgh, Pennsylvania | 2014 |
| Dawne S. Hickton | Vice Chair, President, and Chief Executive Officer RTI International Metals, Inc. Pittsburgh, Pennsylvania | 2015 |
DISTRICT 5 - RICHMOND
Baltimore Branch | Charlotte Branch
Class A
| Name | Title | Term expires December 31 |
|---|---|---|
| Alan L. Brill | President & Chief Executive Officer Capon Valley Bank Wardensville, West Virginia | 2013 |
| Edward L. Willingham, IV | President First Citizen Bancshares, Inc. and First Citizens Bank Raleigh, North Carolina | 2014 |
| Brad E. Schwartz | Chief Executive Officer Monarch Bank and Monarch Financial Holdings, Inc. Chesapeake, Virginia | 2015 |
Class B
| Name | Title | Term expires December 31 |
|---|---|---|
| Patrick C. Graney, III | Chairman OneStop Charleston, West Virginia | 2013 |
| Marshall O. Larsen | Retired Chairman, President, and Chief Executive Officer Goodrich Corporation Charlotte, North Carolina | 2014 |
| Wilbur E. Johnson | Managing Partner Young Clement Rivers, LLP Charleston, South Carolina | 2015 |
Class C
| Name | Title | Term expires December 31 |
|---|---|---|
| Margaret G. Lewis | President HCA Capital Division Richmond, Virginia | 2013 |
| Linda D. Rabbitt (Chair) | Chairman and Chief Executive Officer Rand Construction Corporation Washington, D.C. | 2014 |
| Russell C. Lindner (Deputy Chair) | Chairman and Chief Executive Officer The Forge Company Washington, D.C. | 2015 |
BALTIMORE BRANCH
Appointed by the Federal Reserve Bank:
See Also
Who Is on the Federal Reserve Board?Who Owns the Federal Reserve Bank and Why is It Shrouded in Myths and Mysteries?Who Really Owns the Federal Reserve?| Name | Title | Term expires December 31 |
|---|---|---|
| William B. Grant | Chairman, President, and Chief Executive Officer First United Corp. and First United Bank & Trust Oakland, Maryland | 2013 |
| Richard Bernstein | President and Chief Executive Officer LWRC International, LLC Cambridge, Maryland | 2014 |
| Anita G. Newcomb | President and Managing Director A. G. Newcomb & Co. Columbia, Maryland | 2015 |
| Christopher J. Estes | President and Chief Executive Officer National Housing Conference Washington, D.C. | 2015 |
Appointed by the Board of Governors:
| Name | Title | Term expires December 31 |
|---|---|---|
| Samuel L. Ross | Chief Executive Officer Bon Secours Baltimore Health System Baltimore, Maryland | 2013 |
| Jenny G. Morgan (Chair) | President and Chief Executive Officer basys, inc. Linthicum, Maryland | 2014 |
| Stephen R. Sleigh | Fund Director IAM National Pension Fund Washington, D.C. | 2015 |
CHARLOTTE BRANCH
Appointed by the Federal Reserve Bank:
| Name | Title | Term expires December 31 |
|---|---|---|
| Robert R. Hill, Jr. | President and Chief Executive Officer SCBT Financial Corporation Columbia, South Carolina | 2013 |
| Paul E. Szurek | Chief Financial Officer Biltmore Farms, LLC Asheville, North Carolina | 2014 |
| Lucia Z. Griffith | Chief Executive Officer & Principal METRO Landmarks Charlotte, North Carolina | 2015 |
| John S. Kreighbaum | President and Chief Executive Officer Carolina Premier Bank and Premara Financial, Inc. Charlotte, North Carolina | 2015 |
Appointed by the Board of Governors:
| Name | Title | Term expires December 31 |
|---|---|---|
| Elizabeth A. Fleming | President Converse College Spartanburg, South Carolina | 2013 |
| Claude Z. Demby | Chief Executive Officer Noël Group, LLC Zebulon, North Carolina | 2014 |
| David J. Zimmerman (Chair) | President Southern Shows, Inc. Charlotte, North Carolina | 2015 |
DISTRICT 6 - ATLANTA
Birmingham Branch | Jacksonville Branch | Miami Branch| Nashville Branch |
New Orleans Branch
Class A
| Name | Title | Term expires December 31 |
|---|---|---|
| T. Anthony Humphries | President and Chief Executive Officer NobleBank and Trust Anniston, Alabama | 2013 |
| William H. Rogers, Jr. | Chairman and Chief Executive Officer SunTrust Banks, Inc. Atlanta, Georgia | 2014 |
| Gerard R. Host | President and Chief Executive Officer Trustmark Corporation Jackson, Mississippi | 2015 |
Class B
| Name | Title | Term expires December 31 |
|---|---|---|
| José S. Suquet | Chairman, President and Chief Executive Officer Pan-American Life Insurance Group New Orleans, Louisiana | 2013 |
| Renée Lewis Glover | Former President and Chief Executive Officer Atlanta Housing Authority Atlanta, Georgia | 2014 |
| Clarence Otis, Jr. | Chairman and Chief Executive Officer Darden Restaurants, Inc. Orlando, Florida | 2015 |
Class C
| Name | Title | Term expires December 31 |
|---|---|---|
| Carol B. Tomé (Deputy Chair) | Chief Financial Officer and Executive Vice President The Home Depot Atlanta, Georgia | 2013 |
| Thomas I. Barkin (Chair) | Director McKinsey and Company Atlanta, Georgia | 2014 |
| Thomas A. Fanning | Chairman, President, and Chief Executive Officer Southern Company Atlanta, Georgia | 2015 |
BIRMINGHAM BRANCH
Appointed by the Federal Reserve Bank:
| Name | Title | Term expires December 31 |
|---|---|---|
| C. Richard Moore, Jr. | Chairman, President and Chief Executive Officer Peoples Southern Bank Clanton, Alabama | 2013 |
| Macke B. Mauldin | President Bank Independent Sheffield, Alabama | 2014 |
| John A. Langloh | President and Chief Executive Officer United Way of Central Alabama Birmingham, Alabama | 2015 |
| James K. Lyons | Director and Chief Executive Officer Alabama State Port Authority Mobile, Alabama | 2015 |
Appointed by the Board of Governors:
| Name | Title | Term expires December 31 |
|---|---|---|
| Brandon W. Bishop | Business Manager and Financial Secretary International Union of Operating Engineers - Local 312 Birmingham, Alabama | 2013 |
| Thomas R. Stanton (Chair) | Chairman and Chief Executive Officer ADTRAN, Inc. Huntsville, Alabama | 2014 |
| Pamela B. Hudson | Chief Executive Officer Crestwood Medical Center Huntsville, Alabama | 2015 |
JACKSONVILLE BRANCH
Appointed by the Federal Reserve Bank:
| Name | Title | Term expires December 31 |
|---|---|---|
| Michael J. Grebe | Chairman and Chief Executive Officer | 2013 |
| Hugh F. Dailey | President and Chief Executive Officer Community Bank & Trust of Florida Ocala, Florida | 2014 |
| Oscar J. Horton | President Sun State International Trucks, LLC Tampa, Florida | 2015 |
| D. Kevin Jones | President and Chief Executive Officer MIDFLORIDA Credit Union Lakeland, Florida | 2015 |
Appointed by the Board of Governors:
| Name | Title | Term expires December 31 |
|---|---|---|
| Carolyn M. Fennell (Chair) | Director of Public Affairs Greater Orlando Aviation Authority, Orlando International Airport Orlando, Florida | 2013 |
| Lynda L. Weatherman | President and Chief Executive Officer Economic Development Commission of Florida's Space Coast Rockledge, Florida | 2014 |
| Leerie T. Jenkins, Jr. | Chairman Reynolds, Smith and Hills, Inc. Jacksonville, Florida | 2015 |
MIAMI BRANCH
Appointed by the Federal Reserve Bank:
| Name | Title | Term expires December 31 |
|---|---|---|
| Gary L. Tice | Chairman and Chief Executive Officer First National Bank of the Gulf Coast Naples, Florida | 2013 |
| Carol C. Lang | President HealthLink Enterprises, Inc. Miami, Florida | 2014 |
| Facundo L. Bacardi | Chairman Bacardi, Ltd. Coral Gables, Florida | 2014 |
| Milar Wilson | President and Chief Executive Officer Mercantil Commercebank Coral Gables, Florida | 2015 |
Appointed by the Board of Governors:
| Name | Title | Term expires December 31 |
|---|---|---|
| Michael J. Jackson (Chair) | Chairman and Chief Executive Officer AutoNation, Inc. Ft. Lauderdale, Florida | 2013 |
| Thomas W. Hurley | Chairman and Chief Executive Officer Becker Holding Corporation Vero Beach, Florida | 2014 |
| Alberto Dosal | Chairman and Chief Executive Officer Dosal Capital, LLC Miami, Florida | 2015 |
NASHVILLE BRANCH
Appointed by the Federal Reserve Bank:
| Name | Title | Term expires December 31 |
|---|---|---|
| William Y. Carroll, Jr. | President and Chief Executive Officer SmartBank Pigeon Forge, Tennessee | 2013 |
| Dan W. Hogan | Chief Operating Officer CapStar Bank Nashville, Tennessee | 2014 |
| Jennifer S. Banner | Chief Executive Officer Schaad Companies, LLC Knoxville, Tennessee | 2015 |
| Vacancy | - | 2015 |
Appointed by the Board of Governors:
(Video) Chapter 13: The Federal Reserve System
| Name | Title | Term expires December 31 |
|---|---|---|
| Kathleen Calligan (Chair) | Chief Executive Officer Better Business Bureau of Middle Tennessee Nashville, Tennessee | 2013 |
| Scott McWilliams | Executive Chairman OHL Brentwood, Tennessee | 2014 |
| William J. Krueger | Vice Chairman, Nissan Americas Nissan North America, Inc. Franklin, Tennessee | 2015 |
NEW ORLEANS BRANCH
Appointed by the Federal Reserve Bank:
| Name | Title | Term expires December 31 |
|---|---|---|
| Elizabeth A. Ardoin | Senior Executive Vice President – Director of Communications IBERIABANK Lafayette, Louisiana | 2013 |
| Carl J. Chaney | President and CEO Hancock Whitney National Bank New Orleans, Louisiana | 2014 |
| Vacancy | - | 2015 |
| Victor H. Meena, Jr. | President and Chief Executive Officer C Spire Wireless Ridgeland, Mississippi | 2015 |
Appointed by the Board of Governors:
| Name | Title | Term expires December 31 |
|---|---|---|
| Terrie P. Sterling | Executive Vice President and Chief Operating Officer Our Lady of the Lake Regional Medical Center Baton Rouge, Louisiana | 2013 |
| T. Lee Robinson, Jr. (Chair) | President OHC, Inc. Mobile, Alabama | 2014 |
Kevin P. Reilly, Jr. | President and Chairman of the Board Lamar Advertising Company Baton Rouge, Louisiana | 2015 |
DISTRICT 7 - CHICAGO
Detroit Branch
Class A
| Name | Title | Term expires December 31 |
|---|---|---|
| Mark C. Hewitt | President and Chief Executive Officer Clear Lake Bank & Trust Company Clear Lake, Iowa | 2013 |
| Frederick H. Waddell | Chairman and Chief Executive Officer Northern Trust Corporation and The Northern Trust Company Chicago, Illinois | 2014 |
| William M. Farrow | President and Chief Executive Officer Urban Partnership Bank Chicago, Illinois | 2015 |
Class B
| Name | Title | Term expires December 31 |
|---|---|---|
| Jorge Ramirez | President Chicago Federation of Labor Chicago, Illinois | 2013 |
| Nelda J. Connors | Chairwoman and Chief Executive Officer Pine Grove Holdings, LLC Chicago, Illinois | 2014 |
| Terry Mazany | President and Chief Executive Officer The Chicago Community Trust Chicago, Illinois | 2015 |
Class C
| Name | Title | Term expires December 31 |
|---|---|---|
| Vacancy | - | 2013 |
| Jeffrey A. Joerres (Chair) | Chairman and Chief Executive Officer ManpowerGroup Milwaukee, Wisconsin | 2014 |
| Greg Brown (Deputy Chair) | Chairman and Chief Executive Officer Motorola Solutions, Inc. Schaumburg, Illinois | 2015 |
DETROIT BRANCH
Appointed by the Federal Reserve Bank:
| Name | Title | Term expires December 31 |
|---|---|---|
| Nancy M. Schlichting | Chief Executive Officer Henry Ford Health System Detroit, Michigan | 2013 |
| Susan M. Collins | Joan and Sanford Weill Dean of Public Policy University of Michigan Ann Arbor, Michigan | 2014 |
| Fernando Ruiz | Corporate Vice President and Treasurer The Dow Chemical Company Midland, Michigan | 2014 |
| Sheilah P. Clay | President and Chief Executive Officer Neighborhood Service Organization Detroit, Michigan | 2015 |
Appointed by the Board of Governors:
| Name | Title | Term expires December 31 |
|---|---|---|
| Carl T. Camden (Chair) | President and Chief Executive Officer Kelly Services, Inc. Troy, Michigan | 2013 |
| Michael E. Bannister | Chairman and Chief Executive Officer (Retired) Ford Motor Credit Company Dearborn, Michigan | 2014 |
| Lou Anna K. Simon | President Michigan State University East Lansing, Michigan | 2015 |
DISTRICT 8 - ST. LOUIS
Little Rock Branch | Louisville Branch | Memphis Branch
Class A
| Name | Title | Term expires December 31 |
|---|---|---|
| Robert G. Jones | President and Chief Executive Officer Old National Bancorp Evansville, Indiana | 2013 |
| Susan S. Stephenson | Co-Chairman and President Independent Bank Memphis, Tennessee | 2014 |
| William E. Chappel | President and Chief Executive Officer The First National Bank Vandalia, Illinois | 2015 |
Class B
| Name | Title | Term expires December 31 |
|---|---|---|
| Cal McCastlain | Partner Dover Dixon Horne PLLC Little Rock, Arkansas | 2013 |
| Gregory M. Duckett | Senior Vice President and Corporate Counsel Baptist Memorial Health Care Corporation Memphis, Tennessee | 2014 |
| Sonja Yates Hubbard | Chief Executive Officer E-Z Mart Stores, Inc. Texarkana, Texas | 2015 |
Class C
| Name | Title | Term expires December 31 |
|---|---|---|
| Sharon D. Fiehler (Deputy Chair) | Executive Vice President and Chief Administrative Officer Peabody Energy St. Louis, Missouri | 2013 |
| Ward M. Klein (Chair) | Chief Executive Officer Energizer Holdings, Inc. St. Louis, Missouri | 2014 |
| George Paz | Chairman, President, and Chief Executive Officer Express Scripts St. Louis, Missouri | 2015 |
LITTLE ROCK BRANCH
Appointed by the Federal Reserve Bank:
| Name | Title | Term expires December 31 |
|---|---|---|
| Michael A. Cook | Vice President and Assistant Treasurer Wal-Mart Stores, Inc. Bentonville, Arkansas | 2013 |
| Mark D. Ross | Vice Chairman and Chief Operating Officer Bank of the Ozarks Little Rock, Arkansas | 2014 |
| Mary Ann Greenwood | President and Investment Advisor Greenwood Gearhart Inc. Fayetteville, Arkansas | 2014 |
| Ronald B. Jackson | Chairman and Chief Executive Officer Simmons First Bank Russsellville, Arkansas | 2015 |
Appointed by the Board of Governors:
| Name | Title | Term expires December 31 |
|---|---|---|
| Kaleybra Mitchell Morehead | Vice President for College Affairs/Advancement Southeast Arkansas College Pine Bluff, Arkansas | 2013 |
| Ray C. Dillon (Chair) | President & Chief Executive Officer Deltic Timber Corporation El Dorado, Arkansas | 2014 |
| Robert Martinez | Owner Rancho La Esperanza DeQueen, Arkansas | 2015 |
LOUISVILLE BRANCH
Appointed by the Federal Reserve Bank:
| Name | Title | Term expires December 31 |
|---|---|---|
| David P. Heintzman | Chairman and Chief Executive Officer Stock Yards Bank & Trust Company Louisville, Kentucky | 2013 |
| Malcolm Bryant | President The Malcolm Bryant Corporation Owensboro, Kentucky | 2014 |
| Kevin Shurn | President and Owner Superior Maintenance Co. Elizabethtown, Kentucky | 2014 |
| Jon A. Lawson | President, Chief Executive Officer and Chairman Bank of Ohio County Beaver Dam, Kentucky | 2015 |
Appointed by the Board of Governors:
| Name | Title | Term expires December 31 |
|---|---|---|
| Gary A. Ransdell | President Western Kentucky University Bowling Green, Kentucky | 2013 |
| Gerald R. Martin (Chair) | Managing Member River Hill Capital, LLC Louisville, Kentucky | 2014 |
| Susan E. Parsons | Chief Financial Officer, Secretary, and Treasurer Koch Enterprises, Inc. Evansville, Indiana | 2015 |
MEMPHIS BRANCH
Appointed by the Federal Reserve Bank:
| Name | Title | Term expires December 31 |
|---|---|---|
| Mark P. Fowler | Vice Chairman Liberty Bank of Arkansas Jonesboro, Arkansas | 2013 |
| Clyde Warren Nunn | Chairman and President Security Bancorp of TN, Inc. Halls, Tennessee | 2014 |
| Roy Molitor Ford, Jr. | Vice Chairman and Chief Executive Officer Commercial Bank and Trust Company Memphis, Tennessee | 2014 |
| Lisa McDaniel Hawkins | President Room to Room Tupelo, Mississippi | 2015 |
Appointed by the Board of Governors:
| Name | Title | Term expires December 31 |
|---|---|---|
| Charles S. Blatteis (Chair) | Managing Member Blatteis Law Firm, PLLC Memphis, Tennessee | 2013 |
| Lawrence C. Long | Partner St. Rest Planting Co. Indianola, Mississippi | 2014 |
| Charlie E. Thomas, III | Regional Director of External & Legislative Affairs AT&T Tennessee Memphis, Tennessee | 2015 |
DISTRICT 9 - MINNEAPOLIS
Helena Branch
Class A
| Name | Title | Term expires December 31 |
|---|---|---|
| Julie Causey | Chairman Western Bank St. Paul, Minnesota | 2013 |
| Kenneth A. Palmer | Chairman, President, and Chief Executive Officer Range Financial Corporation & Range Bank, NA Negaunee, Michigan | 2014 |
| Randy Newman | Chairman and Chief Executive Officer Alerus Financial, NA and Alerus Financial Corp. Grand Forks, North Dakota | 2015 |
Class B
| Name | Title | Term expires December 31 |
|---|---|---|
| Lawrence R. Simkins | President and Chief Executive Officer The Washington Corporations Missoula, Montana | 2013 |
| Howard A. Dahl | President and Chief Executive Officer Amity Technology L.L.C. Fargo, North Dakota | 2014 |
| Christine Hamilton | Managing Partner Christiansen Land and Cattle, Ltd Kimball, South Dakota | 2015 |
Class C
| Name | Title | Term expires December 31 |
|---|---|---|
| Mary K. Brainerd (Chair) | President and Chief Executive Officer HealthPartners Minneapolis, Minnesota | 2013 |
| MayKao Y. Hang | President and Chief Executive Officer Amherst H. Wilder Foundation St Paul, Minnesota | 2014 |
| Randall J. Hogan (Deputy Chair) | Chairman and Chief Executive Officer Pentair, Incorporated Minneapolis, Minnesota | 2015 |
HELENA BRANCH
Appointed by the Federal Reserve Bank:
(Video) The Federal Reserve System: Structure and Monetary Policy (HOM 31-B)
| Name | Title | Term expires December 31 |
|---|---|---|
| Thomas R. Swenson | President and Chief Executive Officer Bank of Montana and Bancorp of Montana Holding Company Missoula, Montana | 2013 |
| Duane Kurokawa | President Western Bank of Wolf Point Wolf Point, Montana | 2014 |
| Barbara Stiffarm | Executive Director Opportunity Link, Inc. Havre, Montana | 2015 |
Appointed by the Board of Governors:
| Name | Title | Term expires December 31 |
|---|---|---|
| David B. Solberg (Chair) | Owner Seven Blackfoot Ranch Company Billings, Montana | 2014 |
| Marsha Goetting | Professor and Extension Family Economics Specialist Montana State University Bozeman, Montana | 2015 |
DISTRICT 10 - KANSAS CITY
Denver Branch | Oklahoma City Branch | Omaha Branch
Class A
| Name | Title | Term expires December 31 |
|---|---|---|
| Max T. Wake | President Jones National Bank & Trust Co. Seward, Nebraska | 2013 |
| Vacancy | - | 2014 |
| David W. Brownback | President and Chief Executive Officer Citizens State Bank & Trust Company Ellsworth, Kansas | 2015 |
Class B
| Name | Title | Term expires December 31 |
|---|---|---|
| Vacancy | - | 2013 |
| Richard K. Ratcliffe | Chairman Ratcliffe's Inc. Weatherford, Oklahoma | 2014 |
| John T. Stout, Jr. | Chief Executive Officer Plaza Belmont Management Group LLC Shawnee Mission, Kansas | 2015 |
Class C
| Name | Title | Term expires December 31 |
|---|---|---|
| Rose Washington | Executive Director Tulsa Economic Development Corporation Tulsa, Oklahoma | 2013 |
| Barbara Mowry (Chair) | Chief Executive Officer GoreCreek Advisors Greenwood Village, Colorado | 2014 |
| Steve Maestas (Deputy Chair) | Managing Partner NAI Maestas and Ward Albuquerque, New Mexico | 2015 |
DENVER BRANCH
Appointed by the Federal Reserve Bank:
| Name | Title | Term expires December 31 |
|---|---|---|
| Mark A. Zaback | President and Chief Executive Officer Jonah Bank of Wyoming Casper, Wyoming | 2013 |
| Brian R. Wilkinson | President Steele Street Bank & Trust Denver, Colorado | 2014 |
| Anne Haines Yatskowitz | President & Chief Executive Officer ACCION New Mexico – Arizona – Colorado Albuquerque, New Mexico | 2015 |
| Lilly Marks | Vice President for Health Affairs and Executive Vice Chancellor University of Colorado and Anschutz Medical Campus Aurora, Colorado | 2015 |
Appointed by the Board of Governors:
| Name | Title | Term expires December 31 |
|---|---|---|
| Margaret M. Kelly | Chief Executive Officer RE/MAX International Inc. Denver, Colorado | 2013 |
| Larissa L. Herda (Chair) | Chairman, Chief Executive Officer & President tw telecom inc. Littleton, Colorado | 2014 |
| Richard L. Lewis | President and Chief Executive Officer RTL Networks, Inc. Denver, Colorado | 2015 |
OKLAHOMA CITY BRANCH
Appointed by the Federal Reserve Bank:
| Name | Title | Term expires December 31 |
|---|---|---|
| Douglas E. Tippens | President and Chief Executive Officer Bank of Commerce Yukon, Oklahoma | 2013 |
| Paula D. Bryant-Ellis | Chief Executive Officer BOK Financial Mortgage Group Shawnee, Oklahoma | 2013 |
| Linda Capps | Vice Chairman Citizen Potawatomi Nation Shawnee, Oklahoma | 2014 |
| Michael C. Coffman | President and Chief Executive Officer Panhandle Oil and Gas, Inc. Oklahoma City, Oklahoma | 2015 |
Appointed by the Board of Governors:
| Name | Title | Term expires December 31 |
|---|---|---|
| K. Vasudevan | Chairman & Founder Service & Technology Corporation Bartlesville, Oklahoma | 2013 |
| James D. Dunn (Chair) | Chair Mill Creek Lumber & Supply Co. Tulsa, Oklahoma | 2014 |
| Peter B. Delaney | Chairman, Chief Executive Officer, and President OGE Energy Corporation Oklahoma City, Oklahoma | 2015 |
OMAHA BRANCH
Appointed by the Federal Reserve Bank:
| Name | Title | Term expires December 31 |
|---|---|---|
| JoAnn M. Martin | Chairman, President & Chief Executive Officer Ameritas Life Insurance Corp. Lincoln, Nebraska | 2013 |
| Jeff W. Krejci | President First State Bank Hickman, Nebraska | 2014 |
| James L. Thom | Vice President T-L Irrigation Co. Hastings, Nebraska | 2015 |
| Brian D. Esch | President and Chief Executive Officer McCook National Bank McCook, Nebraska | 2015 |
Appointed by the Board of Governors:
| Name | Title | Term expires December 31 |
|---|---|---|
| Anne Hindery | Chief Executive Officer Nonprofit Association of the Midlands Omaha, Nebraska | 2013 |
| James C. Farrell (Chair) | President and Chief Executive Officer Farmers National Company Omaha, Nebraska | 2014 |
| G. Richard Russell | President & Chief Executive Officer Millard Lumber Inc. Omaha, Nebraska | 2015 |
DISTRICT 11 - DALLAS
El Paso Branch | Houston Branch | San Antonio Branch
Class A
| Name | Title | Term expires December 31 |
|---|---|---|
| Joe Kim King | Chief Executive Officer and Chairman of the Board Texas Country Bancshares, Inc. Brady, Texas | 2013 |
| George F. Jones, Jr. | Chief Executive Officer Texas Capital Bank Dallas, Texas | 2014 |
| Jimmy Rasmussen | President and Chief Executive Officer HomeTown Bank, N.A. Galveston, Texas | 2015 |
Class B
| Name | Title | Term expires December 31 |
|---|---|---|
| Vacancy | - | 2013 |
| Jorge A. Bermudez | President and Chief Executive Officer Byebrook Group College Station, Texas | 2014 |
| Ann B. Stern | President and Chief Executive Officer Houston Endowment, Inc. Houston, Texas | 2015 |
Class C
| Name | Title | Term expires December 31 |
|---|---|---|
| Herb Kelleher (Chair) | Founder and Chairman Emeritus Southwest Airlines Dallas, Texas | 2013 |
| Renu Khator | Chancellor / President University of Houston Houston, Texas | 2014 |
| Myron E. Ullman III (Deputy Chair) | Chief Executive Officer J.C. Penney Company, Inc. Dallas, Texas | 2015 |
EL PASO BRANCH
Appointed by the Federal Reserve Bank:
| Name | Title | Term expires December 31 |
|---|---|---|
| Larry L. Patton | President and Chief Executive Officer WestStar Bank El Paso, Texas | 2013 |
| Laura M. Conniff | Qualifying Broker Mathers Realty, Inc. Las Cruces, New Mexico | 2014 |
| Jerry Pacheco | President Global Perspectives Integrated, Inc. Santa Teresa, New Mexico | 2014 |
| Robert Nachtmann | Dean and Professor of Finance University of Texas at El Paso El Paso, Texas | 2015 |
Appointed by the Board of Governors
| Name | Title | Term expires December 31 |
|---|---|---|
| Cindy J. Ramos-Davidson (Chair) | President and Chief Executive Officer El Paso Hispanic Chamber of Commerce El Paso, Texas | 2013 |
| Robert E. McKnight, Jr. | Partner McKnight Ranch Company Fort Davis, Texas | 2014 |
| Renard U. Johnson | President and Chief Executive Officer Management & Engineering Technologies International, Inc. El Paso, Texas | 2015 |
HOUSTON BRANCH
Appointed by the Federal Reserve Bank:
| Name | Title | Term expires December 31 |
|---|---|---|
| Gerald B. Smith | Chairman and Chief Executive Officer Smith, Graham & Company Investment Advisors, L.P. Houston, Texas | 2013 |
| Vacancy | - | 2014 |
| Kirk S. Hachigian | Principal SkyKarr Capital LLC Houston, Texas | 2014 |
| Paul B. Murphy, Jr. | President and Chief Executive Officer Cadence Bank Houston, Texas | 2015 |
Appointed by the Board of Governors:
| Name | Title | Term expires December 31 |
|---|---|---|
| Greg L. Armstrong | Chairman and Chief Executive Officer Plains All American Pipeline L.P. Houston, Texas | 2013 |
| Paul W. Hobby (Chair) | Chairman and Managing Partner Genesis Park, LP Houston, Texas | 2014 |
| Ellen Ochoa | Deputy Director NASA Johnson Space Center Houston, Texas | 2015 |
SAN ANTONIO BRANCH
Appointed by the Federal Reserve Bank:
| Name | Title | Term expires December 31 |
|---|---|---|
| Josue Robles | President and Chief Executive Officer USAA San Antonio, Texas | 2013 |
| Ygnacio D. Garza | Partner Long Chilton LLP Brownsville, Texas | 2014 |
| Janie Barrera | President and Chief Executive Officer ACCION Texas, Inc. San Antonio, Texas | 2014 |
| Manoj Saxena | General Manager, IBM Software Group IBM Austin, Texas | 2015 |
Appointed by the Board of Governors:
(Video) The Federal Reserve and You - Chapter 1
| Name | Title | Term expires December 31 |
|---|---|---|
| Curtis V. Anastasio | President and Chief Executive Officer NuStar Energy L.P. San Antonio, Texas | 2013 |
| Thomas E. Dobson (Chair) | Chairman and Chief Executive Officer Whataburger Restaurants, LP San Antonio, Texas | 2014 |
| Catherine M. Burzik | Former President and Chief Executive Officer Kinetic Concepts, Inc. San Antonio, Texas | 2015 |
DISTRICT 12 - SAN FRANCISCO
Los Angeles Branch | Portland Branch | Salt Lake City Branch | Seattle Branch
Class A
| Name | Title | Term expires December 31 |
|---|---|---|
| Betsy Lawer | Vice Chair and President First National Bank Alaska Anchorage, Alaska | 2013 |
| Megan F. Clubb | President and Chief Executive Officer Baker Boyer National Bank Walla Walla, Washington | 2014 |
| Peter S. Ho | Chairman, President, and Chief Executive Officer Bank of Hawaii and Bank of Hawaii Corporation Honolulu, Hawaii | 2015 |
Class B
| Name | Title | Term expires December 31 |
|---|---|---|
| Nicole C. Taylor | President and Chief Executive Officer Thrive Foundation for Youth Menlo Park, California | 2013 |
| Richard A. Galanti | Executive Vice President and Chief Financial Officer Costco Wholesale Corporation Issaquah, Washington | 2014 |
| Steven E. Bochner | Partner Wilson, Sonsini, Goodrich, & Rosati, P.C. Palo Alto, California | 2015 |
Class C
| Name | Title | Term expires December 31 |
|---|---|---|
| Patricia E. Yarrington (Chair) | Vice President and Chief Financial Officer Chevron Corporation San Ramon, California | 2013 |
| Roy A. Vallee (Deputy Chair) | Retired Executive Chairman and Chief Executive Officer Avnet, Inc. Phoeniz, Arizona | 2014 |
| Alexander R. Mehran | President and Chief Executive Officer Sunset Development Company San Ramon, California | 2015 |
LOS ANGELES BRANCH
Appointed by the Federal Reserve Bank:
| Name | Title | Term expires December 31 |
|---|---|---|
| David I. Rainer | Chairman, President, and Chief Executive Officer California United Bank Encino, California | 2013 |
| Peggy Tsiang Cherng | Co-Chair and Co-Chief Executive Officer Panda Restaurant Group, Inc. Rosemead, California | 2014 |
| John C. Molina | Chief Financial Officer Molina Healthcare, Inc. Long Beach, California | 2015 |
| James A. Hughes | Chief Executive Officer and Director First Solar, Inc. Tempe, Arizona | 2015 |
Appointed by the Board of Governors:
| Name | Title | Term expires December 31 |
|---|---|---|
| Grace Evans Cherashore | President and Chief Executive Officer Evans Hotels San Diego, California | 2013 |
| Keith E. Smith (Chair) | President and Chief Executive Officer Boyd Gaming Corporation Las Vegas, Nevada | 2014 |
| Vacancy | - | 2015 |
PORTLAND BRANCH
Appointed by the Federal Reserve Bank:
| Name | Title | Term expires December 31 |
|---|---|---|
| Roger W. Hinshaw | Commercial Market Executive/Oregon and Inland Northwest State President/Oregon and SW Washington Bank of America Merrill Lynch Bank of America, N.A. Portland, Oregon | 2013 |
| Robert C. Hale | Chief Executive Officer Hale Companies Hermiston, Oregon | 2014 |
| Tamara L. Lundgren | President and Chief Executive Officer Schnitzer Steel Industries, Inc. Portland, Oregon | 2014 |
| S. Randolph Compton | President and Chief Executive Officer Pioneer Trust Bank, N.A. Salem, Oregon | 2015 |
Appointed by the Board of Governors:
| Name | Title | Term expires December 31 |
|---|---|---|
| Joseph E. Robertson, Jr., M.D. | President Oregon Health & Science University Portland, Oregon | 2013 |
| Roderick C. Wendt (Chair) | Chief Executive Officer JELD-WEN, inc. Klamath Falls, Oregon | 2014 |
| Román D. Hernández | Director Schwabe, Williamson & Wyatt, P.C. Portland, Oregon | 2015 |
SALT LAKE CITY BRANCH
Appointed by the Federal Reserve Bank:
| Name | Title | Term expires December 31 |
|---|---|---|
| Albert T. Wada | Chairman and Chief Executive Officer Wada Farms, Inc. Pingree, Idaho | 2013 |
| Damon G. Miller | Utah Market President U.S. Bank Salt Lake City, Utah | 2014 |
| Josh England | President and Chief Financial Officer C.R. England, Inc. Salt Lake City, Utah | 2014 |
| Susan D. Mooney Johnson | President Futura Industries Clearfield, Utah | 2015 |
Appointed by the Board of Governors:
| Name | Title | Term expires December 31 |
|---|---|---|
| Scott L. Hymas (Chair) | Chief Executive Officer RC Willey Salt Lake City, Utah | 2013 |
| Patrick F. Keenan | Chief Financial Officer Rio Tinto Kennecott Utah Copper Salt Lake City, Utah | 2014 |
| Bradley J. Wiskirchen | Chief Executive Officer Keynetics, Inc. Boise, Idaho | 2015 |
SEATTLE BRANCH
Appointed by the Federal Reserve Bank:
| Name | Title | Term expires December 31 |
|---|---|---|
| Nicole W. Piasecki | Vice President and General Manager, Propulsion Systems Division Boeing Commercial Airplanes Seattle, Washington | 2013 |
| Patrick G. Yalung | Regional President, Washington Wells Fargo Bank, N.A. Seattle, Washington | 2014 |
| Scott L. Morris | Chairman, President, and Chief Executive Officer Avista Corporation Spokane, Washington | 2014 |
| Greg C. Leeds | President and Chief Executive Officer Wizards of the Coast, Hasbro, Inc. Renton, Washington | 2015 |
Appointed by the Board of Governors:
| Name | Title | Term expires December 31 |
|---|---|---|
| Martha Choe | Chief Administrative Officer The Bill & Melinda Gates Foundation Seattle, Washington | 2013 |
| Ada M. Healey (Chair) | Vice President, Real Estate Vulcan Inc. Seattle, Washington | 2014 |
| Mary O. McWilliams | Executive Director Puget Sound Health Alliance Seattle, Washington | 2015 |
Last update: October 25, 2013
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(Video) The Federal Reserve Act of 1913 (HOM 30-C)
FAQs
Who is the director of the Federal Reserve bank? ›
Jerome H. Powell first took office as Chair of the Board of Governors of the Federal Reserve System on February 5, 2018, for a four-year term. He was reappointed to the office and sworn in for a second four-year term on May 23, 2022.
Who's on the board of directors for the Federal Reserve bank? ›- Jerome H. Powell. Chair. Board of Governors. ...
- Lael Brainard. Vice Chair. Board of Governors. 2022 -
- Michelle W. Bowman. Governor. Board of Governors. ...
- Lisa D. Cook. Governor. Board of Governors. ...
- Philip N. Jefferson. Governor. ...
- Christopher J. Waller. Governor. ...
- Randal K. Quarles. Vice Chair for Supervision. ...
- Janet L. Yellen. Chair.
Pursuant to the Federal Reserve Act, each of the 12 Reserve Banks is subject to the supervision of a nine-member board of directors.
What are the branches of the Federal Reserve? ›The Three Key Federal Reserve Entities
The Federal Reserve Board of Governors (Board of Governors), the Federal Reserve Banks (Reserve Banks), and the Federal Open Market Committee (FOMC) make decisions that help promote the health of the U.S. economy and the stability of the U.S. financial system.
The Federal Reserve System is not "owned" by anyone. The Federal Reserve was created in 1913 by the Federal Reserve Act to serve as the nation's central bank. The Board of Governors in Washington, D.C., is an agency of the federal government and reports to and is directly accountable to the Congress.
What are the 12 Federal Reserve Banks? ›The Reserve Banks are decentralized by design and are located in Boston, New York, Philadelphia, Cleveland, Richmond, Atlanta, Chicago, St. Louis, Minneapolis, Kansas City, Dallas, and San Francisco.
Who holds the Federal Reserve bank directors accountable? ›The U.S. President nominates — and the U.S. Senate confirms — the seven members or “governors.” The Board is a federal agency that reports to — and is accountable to — Congress. The Federal Reserve Act gives the Board in Washington, D.C., oversight of the 12 Reserve Banks.
Who owns the majority of the Federal Reserve? ›STOCK OWNERSHIP
There are no individual stockholders. The stock is all owned by member banks, which are required to subscribe to the stock of the Federal Reserve Bank in their district in an amount equal to 6% of the member bank's capital and surplus. Only one-half of this subscription, 3%, is actually paid in.
Washington, D.C. The chairman serves a four-year term after being nominated by the President of the United States and confirmed by the United States Senate; the officeholder serves concurrently as member of the Board of Governors.
How much is Jerome Powell worth? ›In 2010, Powell was on the board of governors of Chevy Chase Club, a country club. Based on public filings, as of 2019 Powell's net worth was estimated to be in a range between $20 million and $55 million.
Who owns most of the Federal Reserve? ›
STOCK OWNERSHIP
There are no individual stockholders. The stock is all owned by member banks, which are required to subscribe to the stock of the Federal Reserve Bank in their district in an amount equal to 6% of the member bank's capital and surplus.
The U.S. President nominates — and the U.S. Senate confirms — the seven members or “governors.” The Board is a federal agency that reports to — and is accountable to — Congress. The Federal Reserve Act gives the Board in Washington, D.C., oversight of the 12 Reserve Banks.