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%
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Last Update: January 05, 2022