Federal Reserve Bank Boards of Directors

Sectors Represented by Class C and Class B Directors1
Sector 2018 2019 2020 2021 20222
Public Representation Categories  
Agriculture & Food Processing 3 2 1 0 0
Commerce/Industry 19 21 20 20 21
Energy, Mining, & Extraction 3 3 3 2 1
Manufacturing 5 8 7 5 5
Pharmaceuticals 1 0 0 0 0
Publishing 0 0 0 0 0
Real Estate & Construction 1 1 3 3 5
Utilities 3 4 2 3 2
Wholesale & Retail Trade 6 5 5 7 8
Services 34 35 37 35 35
Accounting 0 0 0 0 0
Architecture 0 0 0 0 0
Education 5 6 6 6 6
Engineering 0 0 1 0 0
Financial Services (non-banking) 3 6 7 6 6
Health Care Delivery 6 6 5 5 5
Information Technology 3 4 6 6 8
Insurance 0 1 1 1 1
Law 2 1 1 1 1
Media, Marketing & Public Relations 0 0 0 0 0
Nonprofit/Business Groups 1 1 1 1 2
Real Estate Brokerage 1 1 0 0 0
Services - Miscellaneous 8 7 5 5 3
Telecommunications 1 0 0 0 1
Transportation 4 2 4 3 2
Labor 4 4 5 5 4
Consumer/Community 10 10 9 10 9

1. The Federal Reserve Act requires that Class C and Class B directors be selected to represent the public “with due but not exclusive consideration to the interests of agriculture, commerce, industry, services, labor and consumers.” Also by statute, Class A directors, who are not shown on this table, are elected by member banks in their respective Federal Reserve Districts to represent those banks. Return to table

2. Includes all Class C and Class B directors serving on Reserve Bank boards as of January 1 of each calendar year. For 2022, this information reflects one vacant Class C director position and two vacant Class B director positions. Return to table

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Last Update: January 05, 2022