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Federal Reserve Banks

Federal Reserve Bank Branch Boards

Branch Directors Appointed by the Board of Governors1

Gender and Racial/Ethnic Diversity2
Raw Count (71)
  2020 2021 2022 2023 20243
Women 33 34 38 39 36
Total Minorities4 27 33 30 34 33
Black or African American 15 16 15 14 13
Hispanic or Latino 7 10 9 12 12
Asian 4 6 5 7 6
American Indian or Alaskan Native 0 0 0 0 0
Native Hawaiian or Pacific Islander 0 0 0 0 0
Two or More Races 1 1 1 1 2
Minority Women 11 16 16 18 16
Overall Diversity5 49 51 52 55 53

1. Most Reserve Banks have at least one Branch, and each Branch has its own board of directors. A majority of the directors on the Branch board are appointed by the Reserve Bank, and the remaining Branch directors are appointed by the Board of Governors. Return to table

2. 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

3. Information reflects three vacant Board-appointed Branch director positions. Return to table

4. Includes all Board-appointed 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. Return to table

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

Percentages
  2020 2021 2022 2023 2024
Women 46% 48% 54% 55% 51%
Total Minorities 38% 46% 42% 48% 46%
Black or African American 21% 23% 21% 20% 18%
Hispanic or Latino 10% 14% 13% 17% 17%
Asian 6% 8% 7% 10% 8%
American Indian or Alaskan Native 0% 0% 0% 0% 0%
Native Hawaiian or Pacific Islander 0% 0% 0% 0% 0%
Two or More Races 1% 1% 1% 1% 3%
Minority Women 15% 23% 23% 25% 23%
Overall Diversity 69% 72% 73% 77% 75%

Reserve Bank-Appointed Branch Directors1

Gender and Racial/Ethnic Diversity2
Raw Count (95)
  2020 2021 2022 2023 2024
Women 30 37 33 32 33
Total Minorities3 30 29 33 33 34
Black or African American 11 11 15 15 16
Hispanic or Latino 10 8 9 10 9
Asian 5 4 3 3 4
American Indian or Alaskan Native 3 5 5 3 3
Native Hawaiian or Pacific Islander 0 0 0 0 0
Two or More Races 1 1 1 2 2
Minority Women 10 11 9 11 10
Overall Diversity4 50 55 57 54 57

1. Most Reserve Banks have at least one Branch, and each Branch has its own board of directors. A majority of the directors on a Branch board are appointed by the Reserve Bank, and the remaining Branch directors are appointed by the Board of Governors. Return to table

2. 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

3. Includes all Reserve Bank-appointed 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. Return to table

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

Percentages
Remove 2020 2021 2022 2023 2024
Women 32% 39% 35% 34% 35%
Total Minorities 32% 31% 35% 35% 36%
Black or African American 12% 12% 16% 16% 17%
Hispanic or Latino 11% 8% 9% 11% 9%
Asian 5% 4% 3% 3% 4%
American Indian or Alaskan Native 3% 5% 5% 3% 3%
Native Hawaiian or Pacific Islander 0% 0% 0% 0% 0%
Two or More Races 1% 1% 1% 2% 2%
Minority Women 11% 12% 9% 12% 11%
Overall Diversity 53% 58% 60% 57% 60%
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Last Update: February 06, 2024