Federal Reserve Bank Branch Boards
Sectors Represented by Reserve Bank Branch Directors1
| Sector | 2020 | 2021 | 2022 | 2023 | 20242 |
|---|---|---|---|---|---|
| Banking | 30 | 30 | 29 | 30 | 29 |
| Agriculture & Food Processing | 9 | 5 | 6 | 5 | 8 |
| Commerce/Industry | 54 | 50 | 48 | 48 | 47 |
| Energy, Mining, & Extraction | 5 | 5 | 5 | 4 | 5 |
| Manufacturing | 17 | 16 | 16 | 17 | 16 |
| Pharmaceuticals | 1 | 0 | 0 | 0 | 0 |
| Publishing | 0 | 0 | 0 | 0 | 0 |
| Real Estate & Construction | 11 | 10 | 12 | 12 | 12 |
| Utilities | 3 | 3 | 2 | 3 | 3 |
| Wholesale & Retail Trade | 17 | 16 | 13 | 12 | 11 |
| Services | 54 | 61 | 62 | 62 | 61 |
| Accounting | 0 | 0 | 0 | 0 | 0 |
| Architecture | 0 | 0 | 0 | 0 | 0 |
| Education | 6 | 9 | 11 | 11 | 10 |
| Engineering | 2 | 2 | 1 | 1 | 1 |
| Financial Services (non-banking) | 5 | 4 | 2 | 3 | 3 |
| Health Care Delivery | 9 | 11 | 7 | 7 | 6 |
| Information Technology | 5 | 6 | 6 | 6 | 4 |
| Insurance | 2 | 1 | 1 | 1 | 1 |
| Law | 0 | 1 | 2 | 2 | 2 |
| Media, Marketing & Public Relations | 1 | 1 | 4 | 4 | 4 |
| Nonprofit/Business Groups | 4 | 5 | 7 | 9 | 6 |
| Real Estate Brokerage | 1 | 1 | 1 | 0 | 2 |
| Services - Miscellaneous | 15 | 13 | 11 | 8 | 11 |
| Telecommunications | 0 | 2 | 2 | 1 | 1 |
| Transportation | 4 | 5 | 8 | 9 | 10 |
| Labor | 0 | 1 | 2 | 2 | 3 |
| Consumer/Community | 13 | 18 | 16 | 17 | 15 |
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. Pursuant to Board policy, Board-appointed Branch directors cannot be affiliated with a bank or with certain other types of supervised financial institutions; however, Reserve Bank-appointed Branch directors may be bankers. Return to table
2. Includes all directors serving on Branch boards as of January 1 of each calendar year. This reflects three vacant Branch director positions for 2024. Return to table