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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)
  2019 2020 2021 2022 2023
Women 34 33 34 38 39
Total Minorities3 25 27 33 30 34
Black or African American 13 15 16 15 14
Hispanic or Latino 7 7 10 9 12
Asian 4 4 6 5 7
American Indian or Alaskan Native 1 0 0 0 0
Native Hawaiian or Pacific Islander - 0 0 0 0
Two or More Races - 1 1 1 1
Minority Women 13 11 16 16 18
Overall Diversity4 46 49 51 52 55

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 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. 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
  2019 2020 2021 2022 2023
Women 48% 46% 48% 54% 55%
Total Minorities 35% 38% 46% 42% 48%
Black or African American 18% 21% 23% 21% 20%
Hispanic or Latino 10% 10% 14% 13% 17%
Asian 6% 6% 8% 7% 10%
American Indian or Alaskan Native 1% 0% 0% 0% 0%
Native Hawaiian or Pacific Islander - 0% 0% 0% 0%
Two or More Races - 1% 1% 1% 1%
Minority Women 18% 15% 23% 23% 25%
Overall Diversity 65% 69% 72% 73% 77%

Reserve Bank-Appointed Branch Directors1

Gender and Racial/Ethnic Diversity2
Raw Count (95)
 
  2019 2020 2021 2022 20233
Women 30 30 37 33 32
Total Minorities4 33 30 29 33 33
Black or African American 13 11 11 15 15
Hispanic or Latino 12 10 8 9 10
Asian 5 5 4 3 3
American Indian or Alaskan Native 3 3 5 5 3
Native Hawaiian or Pacific Islander - 0 0 0 0
Two or More Races - 1 1 1 2
Minority Women 12 10 11 9 11
Overall Diversity5 51 50 55 57 54

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. Information reflects two vacant Reserve Bank-appointed Branch director positions. Return to table

4. 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. Note that reporting options were expanded effective January 1, 2020. Return to table

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

Percentages
  2019 2020 2021 2022 2023
Women 32% 32% 39% 35% 34%
Total Minorities 35% 32% 31% 35% 35%
Black or African Americans 14% 12% 12% 16% 16%
Hispanic or Latino 13% 11% 8% 9% 11%
Asian 5% 5% 4% 3% 3%
American Indian or Alaskan Native 3% 3% 5% 5% 3%
Native Hawaiian or Pacific Islander - 0% 0% 0% 0%
Two or More Races - 1% 1% 1% 2%
Minority Women 13% 11% 12% 9% 12%
Overall Diversity 54% 53% 58% 60% 57%
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Last Update: January 27, 2023