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.
Sectors Represented by Directors
|Public Representation Categoriesą|
|Agriculture & Food Processing||15|
|Energy, Mining, & Extraction||9|
|Real Estate & Construction||10|
|Wholesale & Retail Trade||17|
|Financial Services (non-banking)||12|
|Health Care Delivery||12|
|Media, Marketing & Public Relations||0|
|Real Estate Brokerage||1|
|Services - Miscellaneous||18|
1. The Federal Reserve Act requires that Class B and Class C directors shall be selected to represent the public "with due but not exclusive consideration to the interests of agriculture, commerce, industry, services, labor and consumers." 12 U.S.C. § 302.