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)
| 2018 | 2019 | 2020 | 2021 | 20222 | |
|---|---|---|---|---|---|
| Women | 17 | 19 | 18 | 17 | 19 |
| Total Minorities3 | 12 | 14 | 18 | 20 | 23 |
| Black or African American | 8 | 11 | 12 | 13 | 12 |
| Hispanic or Latino | 3 | 2 | 4 | 5 | 8 |
| Asian | 1 | 1 | 1 | 1 | 1 |
| American Indian or Alaskan Native | 0 | 0 | 0 | 0 | 0 |
| Native Hawaiian or Pacific Islander | - | - | 0 | 0 | 0 |
| Two or More Races | - | - | 1 | 1 | 2 |
| Minority Women | 8 | 7 | 9 | 10 | 12 |
| Overall Diversity4 | 21 | 26 | 27 | 27 | 30 |
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 C director position. 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
| 2018 | 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|---|
| Women | 47% | 53% | 50% | 47% | 53% |
| Total Minorities | 33% | 39% | 50% | 56% | 64% |
| Black or African American | 22% | 31% | 33% | 36% | 33% |
| Hispanic or Latino | 8% | 6% | 11% | 14% | 22% |
| Asian | 3% | 3% | 3% | 3% | 3% |
| American Indian or Alaskan Native | 0% | 0% | 0% | 0% | 0% |
| Native Hawaiian or Pacific Islander | - | - | 0% | 0% | 0% |
| Two or More Races | - | - | 3% | 3% | 6% |
| Minority Women | 22% | 19% | 25% | 28% | 33% |
| Overall Diversity | 58% | 72% | 75% | 75% | 83% |
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)
| 2018 | 2019 | 2020 | 2021 | 20222 | |
|---|---|---|---|---|---|
| Women | 13 | 14 | 17 | 18 | 16 |
| Total Minorities3 | 11 | 14 | 10 | 13 | 14 |
| African American | 7 | 9 | 9 | 11 | 12 |
| Hispanic or Latino | 3 | 3 | 0 | 1 | 1 |
| Asian | 1 | 1 | 0 | 0 | 0 |
| American Indian or Alaskan Native | 0 | 1 | 1 | 1 | 1 |
| Native Hawaiian or Pacific Islander | - | - | 0 | 0 | 0 |
| Two or More Races | - | - | 0 | 0 | 0 |
| Minority Women | 2 | 3 | 2 | 5 | 6 |
| Overall Diversity4 | 22 | 25 | 25 | 26 | 24 |
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 B director positions. 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
| 2018 | 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|---|
| Women | 36% | 39% | 47% | 50% | 44% |
| Total Minorities | 31% | 39% | 28% | 36% | 39% |
| Black or African American | 19% | 25% | 25% | 31% | 33% |
| Hispanic or Latino | 8% | 8% | 0% | 3% | 3% |
| Asian | 3% | 3% | 0% | 0% | 0% |
| American Indian or Alaskan Native | 0% | 3% | 3% | 3% | 3% |
| Native Hawaiian or Pacific Islander | - | - | 0% | 0% | 0% |
| Two or More Races | - | - | 0% | 0% | 0% |
| Minority Women | 6% | 8% | 6% | 14% | 17% |
| Overall Diversity | 61% | 69% | 69% | 72% | 67% |
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)
| 2018 | 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|---|
| Women | 5 | 8 | 9 | 11 | 11 |
| Total Minorities2 | 3 | 1 | 3 | 3 | 5 |
| Black or African American | 2 | 1 | 2 | 2 | 2 |
| Hispanic or Latino | 0 | 0 | 1 | 1 | 2 |
| Asian | 1 | 0 | 0 | 0 | 1 |
| American Indian or Alaskan Native | 0 | 0 | 0 | 0 | 0 |
| Native Hawaiian or Pacific Islander | - | - | 0 | 0 | 0 |
| Two or More Races | - | - | 0 | 0 | 0 |
| Minority Women | 0 | 0 | 0 | 0 | 0 |
| Overall Diversity3 | 8 | 9 | 12 | 14 | 16 |
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
| 2018 | 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|---|
| Women | 14% | 22% | 25% | 31% | 31% |
| Total Minorities | 8% | 3% | 8% | 8% | 14% |
| Black or African American | 6% | 3% | 6% | 6% | 6% |
| Hispanic or Latino | 0% | 0% | 3% | 3% | 6% |
| Asian | 3% | 0% | 0% | 0% | 3% |
| American Indian or Alaskan Native | 0% | 0% | 0% | 0% | 0% |
| Native Hawaiian or Pacific Islander | - | - | 0% | 0% | 0% |
| Two or More Races | - | - | 0% | 0% | 0% |
| Minority Women | 0% | 0% | 0% | 0% | 0% |
| Overall Diversity | 22% | 25% | 33% | 39% | 44% |