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.
- Policies Governing Directors
Policies Governing Directors
Roles and Responsibilities of Directors (PDF)
Eligibility, Qualifications, and Rotation (PDF)
Guide to Conduct (PDF)
Access to Confidential Supervisory Information (PDF)
Appointment of Reserve Bank Presidents and First Vice Presidents (PDF)
Political Activity (PDF)
Procedure for Elections of Class A and Class B Directors (PDF)
Elections; Classification of Member Banks (PDF)
Reserve Bank Branch Directors (PDF)
Oaths of Office (PDF)
Compensation--Fees and Allowances for Directors and Advisory Council Members (PDF)
Audits--Appointment, Termination, and Reassignment of General Auditors (PDF)
Audits--Audit Committee Duties and Responsibilities (PDF)
Last update:
February 5, 2013
