Federal Reserve Bank Boards of Directors

Sectors Represented by Class C and Class B Directors1
Sector 2019 2020 2021 2022 20232
Agriculture & Food Processing 2 1 0 0 2
Commerce/Industry 21 20 20 21 21
Energy, Mining, & Extraction 3 3 2 1 1
Manufacturing 8 7 5 5 5
Pharmaceuticals 0 0 0 0 0
Publishing 0 0 0 0 0
Real Estate & Construction 1 3 3 5 7
Utilities 4 2 3 2 1
Wholesale & Retail Trade 5 5 7 8 7
Services 35 37 35 35 33
Accounting 0 0 0 0 0
Architecture 0 0 0 0 0
Education 6 6 6 6 6
Engineering 0 1 0 0 1
Financial Services (non-banking) 6 7 6 6 5
Health Care Delivery 6 5 5 5 4
Information Technology 4 6 6 8 8
Insurance 1 1 1 1 3
Law 1 1 1 1 0
Media, Marketing & Public Relations 0 0 0 0 0
Nonprofit/Business Groups 1 1 1 2 2
Real Estate Brokerage 1 0 0 0 0
Services - Miscellaneous 7 5 5 3 1
Telecommunications 0 0 0 1 1
Transportation 2 4 3 2 2
Labor 4 5 5 4 4
Consumer/Community 10 9 10 9 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 2023, this information reflects two vacant Class C director positions and one vacant Class B director position. Return to table

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Last Update: January 10, 2023