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% |