Federal Reserve Bank Boards of Directors
Reserve Bank Class C Directors: Gender and Racial/Ethnic Diversity1
By statute, Class C directors are appointed by the Board of Governors to represent the public. Each year, the Board of Governors appoints a Chair and Deputy Chair for each Bank's board from among that Bank's Class C directors.
Raw Count (36)
| 2019 | 2020 | 2021 | 2022 | 20232 | |
|---|---|---|---|---|---|
| Women | 19 | 18 | 17 | 19 | 18 |
| Total Minorities3 | 14 | 18 | 20 | 23 | 23 |
| Black or African American | 11 | 12 | 13 | 12 | 10 |
| Hispanic or Latino | 2 | 4 | 5 | 8 | 9 |
| Asian | 1 | 1 | 1 | 1 | 3 |
| American Indian or Alaskan Native | 0 | 0 | 0 | 0 | 0 |
| Native Hawaiian or Pacific Islander | - | 0 | 0 | 0 | 0 |
| Two or More Races | - | 1 | 1 | 2 | 1 |
| Minority Women | 7 | 9 | 10 | 12 | 12 |
| Overall Diversity4 | 26 | 27 | 27 | 30 | 29 |
1. Directors are given the option to self-identify their gender and race/ethnicity. Reported information is effective as of January 1 of each calendar year. Return to table
2. Information reflects two vacant Class C director positions. Return to table
3. Includes all Class C directors who self-identified as one or more of the following: Black or African American; Hispanic or Latino; Asian; American Indian or Alaskan Native; or Native Hawaiian or Pacific Islander. Note that reporting options were expanded effective January 1, 2020. Return to table
4. In calculating overall diversity, a female minority is counted only one time. Return to table
Percentages
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Women | 53% | 50% | 47% | 53% | 50% |
| Total Minorities | 39% | 50% | 56% | 64% | 64% |
| Black or African American | 31% | 33% | 36% | 33% | 28% |
| Hispanic or Latino | 6% | 11% | 14% | 22% | 25% |
| Asian | 3% | 3% | 3% | 3% | 8% |
| American Indian or Alaskan Native | 0% | 0% | 0% | 0% | 0% |
| Native Hawaiian or Pacific Islander | - | 0% | 0% | 0% | 0% |
| Two or More Races | - | 3% | 3% | 6% | 3% |
| Minority Women | 19% | 25% | 28% | 33% | 33% |
| Overall Diversity | 72% | 75% | 75% | 83% | 81% |
Reserve Bank Class B Directors: Gender and Racial/Ethnic Diversity1
By statute, Class B directors are nominated and elected by the member banks in each Federal Reserve District to represent the public.
Raw Count (36)
| 2019 | 2020 | 2021 | 2022 | 20232 | |
|---|---|---|---|---|---|
| Women | 14 | 17 | 18 | 16 | 17 |
| Total Minorities3 | 14 | 10 | 13 | 14 | 14 |
| African American | 9 | 9 | 11 | 12 | 10 |
| Hispanic or Latino | 3 | 0 | 1 | 1 | 1 |
| Asian | 1 | 0 | 0 | 0 | 2 |
| American Indian or Alaskan Native | 1 | 1 | 1 | 1 | 1 |
| Native Hawaiian or Pacific Islander | - | 0 | 0 | 0 | 0 |
| Two or More Races | - | 0 | 0 | 0 | 0 |
| Minority Women | 3 | 2 | 5 | 6 | 5 |
| Overall Diversity4 | 25 | 25 | 26 | 24 | 26 |
1. Directors are given the option to self-identify their gender and race/ethnicity. Reported information is effective as of January 1 of each calendar year. Return to table
2. Information reflects one vacant Class B director position. Return to table
3. Includes all Class B directors who self-identified as one or more of the following: Black or African American; Hispanic or Latino; Asian; American Indian or Alaskan Native; or Native Hawaiian or Pacific Islander. Note that reporting options were expanded effective January 1, 2020. Return to table
4. In calculating overall diversity, a female minority is counted only one time. Return to table
Percentages
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Women | 39% | 47% | 50% | 44% | 47% |
| Total Minorities | 39% | 28% | 36% | 39% | 39% |
| Black or African American | 25% | 25% | 31% | 33% | 28% |
| Hispanic or Latino | 8% | 0% | 3% | 3% | 3% |
| Asian | 3% | 0% | 0% | 0% | 6% |
| American Indian or Alaskan Native | 3% | 3% | 3% | 3% | 3% |
| Native Hawaiian or Pacific Islander | - | 0% | 0% | 0% | 0% |
| Two or More Races | - | 0% | 0% | 0% | 0% |
| Minority Women | 8% | 6% | 14% | 17% | 14% |
| Overall Diversity | 69% | 69% | 72% | 67% | 72% |
Reserve Bank Class A Directors: Gender and Racial/Ethnic Diversity1
By statute, Class A directors are nominated and elected by the member banks in each Federal Reserve District to represent those banks.
Raw Count (36)
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Women | 8 | 9 | 11 | 11 | 13 |
| Total Minorities2 | 1 | 3 | 3 | 5 | 7 |
| Black or African American | 1 | 2 | 2 | 2 | 3 |
| Hispanic or Latino | 0 | 1 | 1 | 2 | 2 |
| Asian | 0 | 0 | 0 | 1 | 2 |
| American Indian or Alaskan Native | 0 | 0 | 0 | 0 | 0 |
| Native Hawaiian or Pacific Islander | - | 0 | 0 | 0 | 0 |
| Two or More Races | - | 0 | 0 | 0 | 0 |
| Minority Women | 0 | 0 | 0 | 0 | 1 |
| Overall Diversity3 | 9 | 12 | 14 | 16 | 19 |
1. Directors are given the option to self-identify their gender and race/ethnicity. Reported information is effective as of January 1 of each calendar year. Return to table
2. Includes all Class A directors who self-identified as one or more of the following: Black or African American; Hispanic or Latino; Asian; American Indian or Alaskan Native; or Native Hawaiian or Pacific Islander. Note that reporting options were expanded effective January 1, 2020. Return to table
3. In calculating overall diversity, a female minority is counted only one time. Return to table
Percentages
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Women | 22% | 25% | 31% | 31% | 36% |
| Total Minorities | 3% | 8% | 8% | 14% | 19% |
| Black or African American | 3% | 6% | 6% | 6% | 8% |
| Hispanic or Latino | 0% | 3% | 3% | 6% | 6% |
| Asian | 0% | 0% | 0% | 3% | 6% |
| American Indian or Alaskan Native | 0% | 0% | 0% | 0% | 0% |
| Native Hawaiian or Pacific Islander | - | 0% | 0% | 0% | 0% |
| Two or More Races | - | 0% | 0% | 0% | 0% |
| Minority Women | 0% | 0% | 0% | 0% | 3% |
| Overall Diversity | 25% | 33% | 39% | 44% | 53% |