Federal Reserve Bank Boards of Directors

Gender and Racial/Ethnic Diversity: Reserve Bank Class C Directors1

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)
  2016 2017 2018 2019 20202
Women 11 15 17 19 18
Total Minorities 7 11 12 14 18
Black or African American 3 8 8 11 12
Hispanic or Latino 1 2 3 2 4
Asians 3 1 1 1 1
American Indian or Alaska Native 0 0 0 0 0
Native Hawaiian or Pacific Islander - - - - 0
Two or More Races - - - - 1
Minority Women 3 6 8 7 9
Overall Diversity3 15 20 21 26 27

1. Directors are given the option to self-identify their gender and race/ethnicity. Effective January 1, 2020, the options for race/ethnicity were expanded to include “Native Hawaiian or Pacific Islander” and “Two or More Races.” Currently, all Class C directors have chosen to self-identify. Return to table

2. Includes all Class C directors serving on Reserve Bank boards as of January 1 of each calendar year. Return to table

3. In calculating overall diversity, a female minority is counted only one time. Return to table

Percentages
  2016 2017 2018 2019 2020
Women 31% 42% 47% 53% 50%
Total Minorities 19% 31% 33% 39% 50%
Black or African American 8% 22% 22% 31% 33%
Hispanic or Latino 3% 6% 8% 6% 11%
Asian 8% 3% 3% 3% 3%
American Indian or Alaskan Native 0% 0% 0% 0% 0%
Native Hawaiian or Pacific Islander - - - - 0%
Two or More Races - - - - 3%
Minority Women 8% 17% 22% 19% 25%
Overall Diversity 42% 56% 58% 72% 75%

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)
  2016 2017 2018 2019 2020
Women 13 14 13 14 17
Total Minorities2 9 10 11 14 10
African American 6 5 7 9 9
Hispanic or Latino 3 3 3 3 0
Asian 0 2 1 1 0
American Indian or Alaskan Native 0 0 0 1 1
Native Hawaiian or Pacific Islander - - - - 0
Two or More Races - - - - 0
Minority Women 3 4 2 3 2
Overall Diversity3 19 20 22 25 25

1. Directors are given the option to self-identify their gender and race/ethnicity. Effective January 1, 2020, the options for race/ethnicity were expanded to include “Native Hawaiian or Pacific Islander” and “Two or More Races.” Currently, all Class B directors have chosen to self-identify. Return to table

2. Includes all Class B directors serving on Reserve Bank boards as of January 1 of each calendar year. Return to table

3. In calculating overall diversity, a female minority is counted only one time. Return to table

Percentages
  2016 2017 2018 2019 2020
Women 36% 39% 36% 39% 47%
Total Minorities 25% 28% 31% 39% 28%
Black or African American 17% 14% 19% 25% 25%
Hispanic or Latino 8% 8% 8% 8% 0%
Asian 0% 6% 3% 3% 0%
American Indian or Alaskan Native 0% 0% 0% 3% 3%
Native Hawaiian or Pacific Islander - - - - 0%
Two or More Races - - - - 0%
Minority Women 8% 11% 6% 8% 6%
Overall Diversity 53% 56% 61% 69% 69%

Reserve Bank Class A Directors1

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)
  2016 2017 2018 2019 20202
Women 6 5 5 8 9
Total Minorities 2 3 3 1 3
Black or African American 1 1 2 1 2
Hispanic or Latino 0 1 0 0 1
Asian 1 1 1 0 0
American Indian or Alaska Native 0 0 0 0 0
Native Hawaiian or Pacific Islander - - - - 0
Two or More Races - - - - 0
Minority Women 0 0 0 0 0
Overall Diversity3 8 8 8 9 12

1. Directors are given the option to self-identify their gender and race/ethnicity. Effective January 1, 2020, the options for race/ethnicity were expanded to include “Native Hawaiian or Pacific Islander” and “Two or More Races.” Currently, all Class A directors have chosen to self-identify. Return to table

2. Includes all Class A directors serving on Reserve Bank boards as of January 1 of each calendar year. Return to table

3. In calculating overall diversity, a female minority is counted only one time. Return to table

Percentages
  2016 2017 2018 2019 2020
Women 17% 14% 14% 22% 25%
Total Minorities 6% 8% 8% 3% 8%
Black or African American 3% 3% 6% 3% 6%
Hispanic or Latino 0% 3% 0% 0% 3%
Asian 3% 3% 3% 0% 0%
American Indian or Alaskan Native 0% 0% 0% 0% 0%
Native Hawaiian or Pacific Islander - - - - 0%
Two or More Races - - - - 0%
Minority Women 0% 0% 0% 0% 0%
Overall Diversity 22% 22% 22% 25% 33%
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Last Update: March 10, 2020