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