The seven members of the Board of Governors of the Federal Reserve System are nominated by the President and confirmed by the Senate. A full term is fourteen years. One term begins every two years, on February 1 of even-numbered years. A member who serves a full term may not be reappointed. A member who completes an unexpired portion of a term may be reappointed. All terms end on their statutory date regardless of the date on which the member is sworn into office.

The Chair and the Vice Chair of the Board, as well as the Vice Chair for Supervision, are nominated by the President from among the members and are confirmed by the Senate. They serve a term of four years. A member's term on the Board is not affected by his or her status as Chair or Vice Chair

 

Board Member Assignments - Board Committees

Committee on Board Affairs
Vice Chair Brainard, Chair and Oversight Governor for the Office of the COO
Vice Chair for Supervision Barr, Member
Governor Jefferson, Member

Committee on Consumer and Community Affairs
Governor Bowman, Chair and Oversight Governor for DCCA
Vice Chair for Supervision Barr, Member
Governor Cook, Member

Committee on Economic and Monetary Affairs
Vice Chair Brainard, Chair and Oversight Governor for R&S, MA, and IF
Governor Waller, Member
Governor Jefferson, Member

Committee on Financial Stability
Vice Chair Brainard, Chair and Oversight Governor for FS
Vice Chair for Supervision Barr, Member
Governor Cook, Member

Committee on Federal Reserve Bank Affairs
Governor Waller, Chair and Oversight Governor for RBOPS
Vice Chair Brainard, Member
Governor Cook, Member

Committee on Supervision and Regulation
Vice Chair for Supervision Barr, Chair and Oversight Governor for S&R
Governor Bowman, Member
Governor Jefferson, Member

Subcommittee on Smaller Regional and Community Banking
Governor Bowman, Chair
Governor Cook, Member
Governor Jefferson, Member

Committee on Payments, Clearing, and Settlement
Vice Chair Brainard, Chair
Vice Chair for Supervision Barr, Member
Governor Bowman, Member

Note: The Committee on Economic and Financial Monitoring and Research has been reconstituted and renamed the Committee on Economic and Monetary Affairs.

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Last Update: September 30, 2022