Federal Reserve System Organization
Congress designed the Federal Reserve System to give it a broad perspective on the economy and on economic activity in all parts of the nation. As such, the System is composed of a central, governmental agency—the Board of Governors—in Washington, D.C., and 12 regional Federal Reserve Banks. This section lists key officials across the System, including the Board of Governors, its officers, Federal Open Market Committee members, several System councils, and Federal Reserve Bank and Branch directors and officers for 2021.
Board of Governors
Members
The Board of Governors of the Federal Reserve System is composed of seven members, who are nominated by the President and confirmed by the Senate. The Chair and the Vice Chair of the Board are also named by the President from among the members and are confirmed by the Senate. This section lists Board members who served in 2021. For a full listing of Board members from 1914 through the present, visit www.federalreserve.gov/aboutthefed/bios/board/boardmembership.htm.
Jerome H. Powell
Chair
Richard H. Clarida
Vice Chair
Randal K. Quarles
Vice Chair for Supervision
Michelle W. Bowman
Lael Brainard
Christopher J. Waller
Divisions and Officers
Fifteen divisions support and carry out the mission of the Board of Governors, which is based in Washington, D.C.
Office of Board Members
Michelle A. Smith
Assistant to the Board
and Director
Linda L. Robertson
Assistant to the Board
Lucretia M. Boyer
Assistant to the Board
Jennifer C. Gallagher
Special Assistant to the Board
for Congressional Liaison
Jon Faust1
Senior Special Adviser
to the Chair
Joshua H. Gallin2
Special Adviser to the Chair
Legal Division
Mark E. Van Der Weide
General Counsel
Richard M. Ashton
Deputy General Counsel
Charles Gray
Deputy General Counsel
Laurie S. Schaffer
Deputy General Counsel
(through February 1, 2021)
Stephanie Martin
Senior Associate
General Counsel
(through October 1, 2021)
Jean C. Anderson
Associate General Counsel
Benjamin W. McDonough
Associate General Counsel
(through June 6, 2021)
Reena Sahni
Associate General Counsel
(as of December 6, 2021)
Alvin Williams
Associate General Counsel
Alicia S. Foster
Deputy Associate
General Counsel
Alison M. Thro
Deputy Associate
General Counsel
Cary K. Williams
Deputy Associate
General Counsel
Jason A. Gonzalez
Assistant General Counsel
Asad Kudiya3
Assistant General Counsel
(as of November 7, 2021)
Jay Schwartz
Assistant General Counsel
(as of November 7, 2021)
Office of the Secretary
Ann Misback
Secretary of the Board
Margaret M. Shanks
Deputy Secretary
Michele T. Fennell
Deputy Associate Secretary
Yao-Chin Chao
Assistant Secretary
Division of International Finance
Beth Anne Wilson
Director
Shaghil Ahmed
Deputy Director
Sally M. Davies
Deputy Director
Brian M. Doyle
Deputy Director
Carol Bertaut
Senior Associate Director
James A. Dahl
Senior Associate Director
Paul Wood
Senior Associate Director
Stephanie E. Curcuru
Associate Director
Matteo Iacoviello
Associate Director
Andrea Raffo
Associate Director
Jason Wu
Associate Director
Daniel Beltran
Deputy Associate Director
Viktors Stebunovs
Deputy Associate Director
Robert Vigfusson
Deputy Associate Director
Andrea De Michelis
Assistant Director
(as of November 7, 2021)
Jasper Hoek
Assistant Director
(as of November 7, 2021)
Seung Jung Lee
Assistant Director
(as of November 7, 2021)
Emre Yoldas
Assistant Director
(as of November 7, 2021)
Brett Berger
Senior Adviser
Ricardo Correa
Senior Adviser
John H. Rogers
Senior Adviser (through May 1, 2021)
Division of Financial Stability
Andreas W. Lehnert
Director
Michael T. Kiley
Deputy Director
William F. Bassett
Senior Associate Director
Elizabeth Klee
Senior Associate Director
John W. Schindler
Senior Associate Director
Luca Guerrieri
Deputy Associate Director
Kent C. Hiteshew
Deputy Associate Director
(through March 25, 2021)
Namirembe Mukasa
Deputy Associate Director and
Chief of Staff
Chiara Scotti4
Deputy Associate Director
Skander J. Van den Heuvel
Deputy Associate Director
David Arseneau
Assistant Director
Andrew M. Cohen
Assistant Director
Ceyhun Durdu
Assistant Director
Adele Cecile Morris
Senior Adviser
(as of October 12, 2021)
Uzma Wahhab
Senior Adviser (through November 6, 2021)
Division of Monetary Affairs
Trevor A. Reeve
Director
James A. Clouse
Deputy Director
Rochelle M. Edge
Deputy Director
David H. Bowman
Senior Associate Director
Margaret G. DeBoer
Senior Associate Director
J. David Lopez-Salido
Senior Associate Director
Matthew M. Luecke
Senior Associate Director
Nellisha Ramdass
Senior Associate Director
(as of October 12, 2021)
Min Wei
Senior Associate Director
Gretchen C. Weinbach
Senior Associate Director
(through September 1, 2021)
Eric C. Engstrom5
Associate Director
Christopher J. Gust
Associate Director
Mary T. Hoffman
Associate Director
(through July 1, 2021)
Karen Brooks
Deputy Associate Director
Laura Lipscomb
Deputy Associate Director
Zeynep Senyuz
Deputy Associate Director
Rebecca Zarutskie
Deputy Associate Director
Brian Bonis
Assistant Director
Michiel De Pooter
Assistant Director
(through November 19, 2021)
Giovanni Favara
Assistant Director
Etienne Gagnon
Assistant Director
Dan Li
Assistant Director
Elizabeth Marx
Assistant Director
Antulio Bomfim6
Senior Adviser
Jane E. Ihrig7
Senior Adviser
Don H. Kim
Senior Adviser
Ellen E. Meade
Senior Adviser
(through September 1, 2021)
Edward M. Nelson
Senior Adviser
Robert J. Tetlow
Senior Adviser
Annette Vissing-Jorgensen
Senior Adviser (as of August 2, 2021)
Egon Zakrajsek
Senior Adviser (through August 1, 2021)
Mark Carlson
Adviser (as of December 19, 2021)
Division of Research and Statistics
Stacey Tevlin
Director
Jeffrey C. Campione
Deputy Director
Daniel M. Covitz
Deputy Director
William L. Wascher III
Deputy Director
Nicole Bennett
Senior Associate Director
Eric M. Engen
Senior Associate Director
Joshua H. Gallin
Senior Associate Director
Diana Hancock
Senior Associate Director
David E. Lebow
Senior Associate Director
Michael G. Palumbo
Senior Associate Director
John J. Stevens
Senior Associate Director
Burcu Duygan-Bump
Associate Director
Eric C. Engstrom
Associate Director
J. Andrew Figura
Associate Director
Glenn R. Follette
Associate Director
Elizabeth K. Kiser
Associate Director
Timothy A. Mullen
Associate Director
Erik A. Heitfield
Deputy Associate Director
Patrick E. McCabe
Deputy Associate Director
Norman J. Morin
Deputy Associate Director
Karen M. Pence
Deputy Associate Director
John M. Roberts
Deputy Associate Director
(through May 1, 2021)
Shane M. Sherlund
Deputy Associate Director
Lillian Shewmaker
Deputy Associate Director
Paul A. Smith
Deputy Associate Director
Deborah Flores
Assistant Director and Chief
Karen Krugman
Assistant Director and Chief
Gianni Amisano
Assistant Director
Shawn Bruckner
Assistant Director
(as of April 26, 2021)
Celso Brunetti
Assistant Director
(as of November 7, 2021)
Marco Cagetti
Assistant Director
(as of November 7, 2021)
Paul Lengermann
Assistant Director
Geng Li
Assistant Director
Byron Lutz
Assistant Director
Raven Molloy
Assistant Director
Kevin Moore
Assistant Director
(as of November 7, 2021)
Matthias Paustian
Assistant Director
Gustavo Suarez
Assistant Director
Clara Vega
Assistant Director
S. Wayne Passmore
Senior Adviser
Jeremy Rudd
Senior Adviser
Steven A. Sharpe
Senior Adviser
Wendy Dunn
Adviser
Charles Fleischman
Adviser
Division of Supervision and Regulation
Michael S. Gibson
Director
Jennifer Burns
Deputy Director
Kate Fulton
Deputy Director
(as of August 2, 2021)
Arthur W. Lindo
Deputy Director
James Price
Deputy Director
(through June 8, 2021)
Mary L. Aiken
Senior Associate Director
Marta Chaffee
Senior Associate Director
(as of September 12, 2021)
Molly Mahar
Senior Associate Director
Richard N. Ragan
Senior Associate Director
Lisa Ryu
Senior Associate Director
Thomas R. Sullivan
Senior Associate Director
Todd Vermilyea
Senior Associate Director
Kevin M. Bertsch
Associate Director
Nida Davis
Associate Director
Christopher Finger
Associate Director
Jeffery Gunther
Associate Director
Anna L. Hewko
Associate Director
Michael J. Hsu
Associate Director
(through May 8, 2021)
Shannon Kelly
Associate Director
(as of December 6, 2021)
Richard A. Naylor II
Associate Director
Uzma Wahhab
Associate Director (as of November 7, 2021)
John Beebe
Deputy Associate Director
Karen Caplan
Deputy Associate Director
James Ray Diggs
Deputy Associate Director
Mona Elliot
Deputy Associate Director
Constance Horsley
Deputy Associate Director
Kavita Jain
Deputy Associate Director
Kathleen Johnson
Deputy Associate Director
Ryan P. Lordos
Deputy Associate Director
Lara Lylozian
Deputy Associate Director/
Chief Accountant
David K. Lynch
Deputy Associate Director
Susan Motyka
Deputy Associate Director
T. Kirk Odegard
Deputy Associate Director
Vaishali Sack
Deputy Associate Director
Robert Sarama
Deputy Associate Director
Steven Spurry
Deputy Associate Director
Catherine A. Tilford
Deputy Associate Director
Donna Webb
Deputy Associate Director
Suzanne L. Williams
Deputy Associate Director
Dana Burnett
Assistant Director
Anthony Cain
Assistant Director
Juan Climent
Assistant Director
Keith Coughlin
Assistant Director
Christine Graham
Assistant Director
Eric L. Kennedy
Assistant Director
Brent Richards
Assistant Director
Emily Wells
Assistant Director
Norah M. Barger
Senior Adviser
Barbara J. Bouchard
Senior Adviser
(through February 1, 2021)
Fang Du
Adviser
William F. Treacy
Adviser
Division of Consumer and Community Affairs
Eric S. Belsky
Director
V. Nicole Bynum
Deputy Director
Anna Alvarez Boyd
Senior Associate Director
Benjamin K. Olson
Senior Associate Director
(as of August 30, 2021)
Carol A. Evans
Associate Director
(through October 9, 2021)
Joseph A. Firschein
Associate Director
Phyllis L. Harwell
Associate Director
Marisa A. Reid
Associate Director
David E. Buchholz
Deputy Associate Director
Angelyque Campbell
Assistant Director
Amy B. Henderson
Assistant Director
Minh-Duc T. Le
Assistant Director
Caterina Petrucco-Littleton
Assistant Director
Division of Reserve Bank Operations and Payment Systems
Matthew J. Eichner
Director
Gregory L. Evans
Senior Associate Director
Susan V. Foley
Senior Associate Director
Lawrence E. Mize
Senior Associate Director
Jennifer K. Liu
Associate Director
Jennifer A. Lucier
Associate Director
David C. Mills
Associate Director
Jeffrey Walker
Associate Director
Sonja Danburg
Deputy Associate Director
Brian Lawler
Deputy Associate Director
Timothy W. Maas
Deputy Associate Director
Mark Manuszak
Deputy Associate Director
Mark J. Olechowski
Deputy Associate Director
Rebecca L. Royer
Deputy Associate Director
Stuart E. Sperry
Deputy Associate Director
Casey Clark
Assistant Director
Jason Hinkle
Assistant Director
Travis D. Nesmith
Assistant Director and Chief
Caio Peixoto
Assistant Director
Nick Trotta
Assistant Director
Office of the Chief Operating Officer
Patrick J. McClanahan
Chief Operating Officer
Katherine Tom
Chief Data Officer
Sheila Clark
Diversity and Inclusion
Program Director
Phillip C. Daher
Associate Director
Andrew Leonard
Associate Director
Steven Miranda
Adviser (through June 1, 2021)
Division of Financial Management
Ricardo Aguilera
Director and Chief
Financial Officer
Stephen J. Bernard
Deputy Director
Monica Y. Manning
Associate Director
Jeffrey R. Peirce
Associate Director
Karen L. Vassallo
Associate Director
Thomas Murphy
Deputy Associate Director
Kimberly Briggs
Assistant Director
Division of Management
Winona Varnon
Director
Curtis B. Eldridge
Senior Associate Director
and Chief, LEU
Kendra Gastright
Senior Associate Director
Tameika L. Pope
Senior Associate Director
and CHCO
Tara Tinsley-Pelitere
Senior Associate Director and CTO
Ann Buckingham
Associate Director
Donna J. Butler
Deputy Associate Director and Chief of Staff
Timothy E. Markey
Deputy Associate Director
Stephen E. Pearson
Deputy Associate Director
Katherine Perez
Deputy Associate Director
and Assistant Chief, LEU
Reginald V. Roach
Deputy Associate Director
Lewis Andrews
Assistant Director
(as of June 6, 2021)
Stewart Carroll
Assistant Director
(as of March 28, 2021)
Catherine Jack
Assistant Director
Tim Ly
Assistant Director
Leah Middleton
Assistant Director
Division of Information Technology
Sharon L. Mowry
Director
Lisa M. Bell
Deputy Director
(through February 2, 2021)
Raymond Romero
Deputy Director
Kofi A. Sapong
Deputy Director
Glenn S. Eskow
Senior Associate Director
Stephen Olden
Senior Associate Director
Sheryl Lynn Warren
Senior Associate Director
Rajasekhar R. Yelisetty
Senior Associate Director
Deborah Prespare
Associate Director
Charles B. Young
Associate Director
William K. Dennison
Deputy Associate Director
Can Xuan Nguyen
Deputy Associate Director
Jonathan F. Shrier
Deputy Associate Director
Eric C. Turner
Deputy Associate Director
(through July 1, 2021)
Virginia M. Wall
Deputy Associate Director
Edgar Wang
Deputy Associate Director
Ivan K. Wun
Deputy Associate Director
Amy Kelley
Assistant Director
Brian Lester
Assistant Director
Scott Meyerle
Assistant Director
Langston Shaw
Assistant Director
Fred Vu
Assistant Director
(as of March 14, 2021)
Theresa C. Palya
Adviser
(through March 1, 2021)
Office of Inspector General
Mark Bialek
Inspector General
Fred Gibson
Deputy Inspector General
Stephen Carroll
Associate Inspector General
Peter Sheridan
Associate Inspector General
Michael VanHuysen
Associate Inspector General
Cynthia Gray
Assistant Inspector General
Jacqueline M. Becker
Senior Adviser
Federal Open Market Committee
The Federal Open Market Committee is made up of the seven members of the Board of Governors; the president of the Federal Reserve Bank of New York; and four of the remaining eleven Federal Reserve Bank presidents, who serve one-year terms on a rotating basis. During 2021, the Federal Open Market Committee held eight regularly scheduled meetings (see appendix B, "Minutes of Federal Open Market Committee Meetings").
Members
Jerome H. Powell
Chair, Board of Governors
John C. Williams
Vice Chair, President,
Federal Reserve Bank of New York
Thomas I. Barkin
President, Federal Reserve
Bank of Richmond
Raphael W. Bostic
President, Federal Reserve
Bank of Atlanta
Michelle W. Bowman
Member, Board of Governors
Lael Brainard
Member, Board of Governors
Richard H. Clarida
Member, Board of Governors
Mary C. Daly
President, Federal Reserve
Bank of San Francisco
Charles L. Evans
President, Federal Reserve
Bank of Chicago
Randal K. Quarles
Member, Board of Governors
Christopher J. Waller
Member, Board of Governors
Alternate Members
James Bullard
President, Federal Reserve
Bank of St. Louis
Esther L. George
President, Federal Reserve
Bank of Kansas City
Naureen Hassan
First Vice President, Federal Reserve
Bank of New York
(as of March 9, 2021)
Loretta J. Mester
President, Federal Reserve
Bank of Cleveland
Kenneth C. Montgomery
First Vice President, Federal Reserve
Bank of Boston
(as of November 3, 2021)
Helen E. Mucciolo
First Vice President, Federal Reserve
Bank of New York
(through March 9, 2021)
Eric Rosengren
President, Federal Reserve
Bank of Boston
(through September 30, 2021)
Officers
James A. Clouse
Secretary
Matthew M. Luecke
Deputy Secretary
Michelle A. Smith
Assistant Secretary
Mark E. Van Der Weide
General Counsel
Michael Held
Deputy General Counsel
Richard M. Ashton
Assistant General Counsel
Trevor A. Reeve
Economist
Stacey Tevlin
Economist
Beth Anne Wilson
Economist
Shaghil Ahmed
Associate Economist
David Altig
Associate Economist
Kartik B. Athreya
Associate Economist
Brian M. Doyle
Associate Economist
Rochelle M. Edge
Associate Economist
Eric M. Engen
Associate Economist
Beverly Hirtle
Associate Economist
Sylvain Leduc
Associate Economist
Anna Paulson
Associate Economist
William L. Wascher
Associate Economist
Lorie K. Logan
Manager, System Open
Market Account
Patricia Zobel
Deputy Manager, System Open Market Account
Board of Governors Advisory Councils
The Federal Reserve Board uses advisory committees in carrying out its varied responsibilities. To learn more, visit https://www.federalreserve.gov/aboutthefed/advisorydefault.htm.
Federal Advisory Council
The Federal Advisory Council—a statutory body established under the Federal Reserve Act—consults with and advises the Board of Governors on all matters within the Board's jurisdiction. It is composed of one representative from each Federal Reserve District, chosen by the Reserve Bank in that District. The president and vice president of the council are selected from amongst council members. The Federal Reserve Act requires the council to meet in Washington, D.C., at least four times a year. In 2021, the council met on February 3–4, May 5–6, September 8–9, and December 1–2. The council met with the Board on February 4, May 6, September 9, and December 2, 2021.
Members
District 1
John R. Ciulla
President and Chief Executive Officer, Webster Financial Corporation and Webster Bank, Waterbury, CT
District 2
Rene F. Jones
Chairman and Chief Executive Officer, M&T Bank Corporation, Buffalo, NY
District 3
Jeffrey M. Schweitzer
Chief Executive Officer,
Univest Bank and Trust Co.,
Souderton, PA
District 4
William S. Demchak
Chairman, President, and Chief Executive Officer, PNC Financial Services Group, Pittsburgh, PA
District 5
Brian T. Moynihan
Chairman and Chief Executive Officer, Bank of America, Charlotte, NC
District 6
Rajinder P. Singh
Chairman, President, and Chief Executive Officer, BankUnited, Inc., Miami Lakes, FL
District 7
Jeffrey J. Brown
Chief Executive Officer, Ally Financial Inc., Detroit, MI
District 8
D. Bryan Jordan
Chairman, President, and Chief Executive Officer, First Horizon National Corporation, Memphis, TN
District 9
Kevin P. Riley
President and Chief Executive Officer, First Interstate BancSystem, Inc.,
Billings, MT
District 10
John B. Dicus
President and Chief Executive Officer, Capitol Federal Financial, Inc.,
Topeka, KS
District 11
Phillip D. Green
Chairman and Chief Executive Officer, Cullen/Frost Bankers Inc.,
San Antonio, TX
District 12
Nandita Bakhshi
President and Chief Executive Officer, Bank of the West, San Francisco, CA
Officers
Jeffrey J. Brown
President
Rene F. Jones
Vice President
Herb Taylor
Secretary
Community Depository Institutions Advisory Council
The Community Depository Institutions Advisory Council advises the Board of Governors on the economy, lending conditions, and other issues of interest to community depository institutions. Members are selected from among representatives of banks, thrift institutions, and credit unions who are serving on local advisory councils at the 12 Federal Reserve Banks. One member of each of the Reserve Bank councils serves on the Community Depository Institutions Advisory Council. The president and vice president are selected from amongst council members. The council usually meets with the Board twice a year in Washington, D.C. In 2021, the council met on April 1 and November 18.
Members
District 1
Dorothy A. Savarese
Chairman, President, and Chief Executive Officer, Cape Cod 5, Orleans, MA
District 2
Faheem A. Masood
President and Chief Executive Officer, ESL Federal Credit Union,
Rochester, NY
District 3
Jeane M. Vidoni
President and Chief Executive Officer, Penn Community Bank, Perkasie, PA
District 4
T. Michael Price
President and Chief Executive Officer, First Commonwealth Financial Corp., Indiana, PA
District 5
Dabney T.P. Gilliam, Jr.
President and Chief Executive Officer, The Bank of Charlotte County,
Phenix, VA
District 6
David R. Melville III
President and Chief Executive Officer, b1Bank, Baton Rouge, LA
District 7
Kent A. Liechty
President and Chief Executive Officer, First Bank of Berne, Berne, IN
District 8
Marnie Older
Chief Executive Officer and Director, Stone Bank, Little Rock, AR
District 9
Shari Laven
Chief Executive Officer, Viking Bank, Alexandria, MN
District 10
Brad Koehn
Regional President, Midwest Bank, Lincoln, NE
District 11
Erik Beguin
Founder and Chief Executive Officer, Austin Capital Bank, Austin, TX
District 12
Janet Silveria
President and Chief Executive Officer, Community Bank of Santa Maria, Santa Maria, CA
Officers
Dorothy A. Savarese
President
David R. Melville, III
Vice President
Community Advisory Council
The Community Advisory Council was formed in 2015 to advise the Board of Governors on the economic circumstances and financial services needs of consumers and communities, with a particular focus on the concerns of low- and moderate-income populations. The council is composed of a diverse group of experts and representatives of consumer and community development organizations and interests, including from such fields as affordable housing, community and economic development, employment and labor, financial services and technology, small business, and asset and wealth building. One member of the council serves as its chair. The council first met with the Board in November 2015, and meets with the Board twice each year. In 2021, the council met with the Board on May 13 and October 21.
Members
Daniel Betancourt
President & CEO, Community First Fund, Lancaster, PA
Dr. Susan Bradbury
Professor, Community and Regional Planning, Iowa State University,
Ames, IA
Adrian M. Brooks
CEO, Memorial Community Development Corporation, Evansville, IN
Tawney Brunsch
Executive Director, Lakota Funds,
Kyle, SD
Joshua Downey
Special Assistant, International Union of Painters and Allied Trades, Denver, CO
Darlene Lombos
Executive Secretary-Treasurer, Boston Labor Council, Boston, MA
Stephanie Mackay
Board Member, Switchpoint Community Resource CenterSalt Lake City, UT
Andreanecia Morris
Executive Director, HousingNOLA,
New Orleans, LA
Marc Norman
Associate Professor of Practice, University of Michigan, Taubman College of Architecture and Urban Planning, Ann Arbor, MI
Dr. Laura Murillo
President & CEO, Houston Hispanic Chamber of Commerce, Houston, TX
Bill Schlesinger
Co-Director, Project Vida,
El Paso, TX
Arjan Schutte
Founder & Managing Partner, Core Innovation Capital, San Francisco, CA
Kendra N. Smith
Vice President, Community Health, Bon Secours Mercy Health, Toledo, OH
Lora Smith
Executive Director, Appalachian Impact Fund, Hazard, KY
Jesse Van Tol
CEO, National Community Reinvestment Coalition, Washington, DC
Officers
Marc Norman
Chair
Tawney Brunsch
Vice Chair
Model Validation Council
The Model Validation Council was established in 2012 by the Board of Governors to provide expert and independent advice on its process to rigorously assess the models used in stress tests of banking institutions. The Dodd-Frank Wall Street Reform and Consumer Protection Act required the Federal Reserve to conduct annual stress tests of large bank holding companies and systemically important, nonbank financial institutions supervised by the Board. The Model Validation Council provides input on the Board's efforts to assess the effectiveness of the models used in the stress tests. The council is intended to improve the quality of the Federal Reserve's model assessment program and to strengthen the confidence in the integrity and independence of the program.
Members
Andrew Atkeson
Professor, University of
California, Los Angeles
Victoria Ivashina
Professor, Harvard
Business School
Stijn Van Nieuwerburgh
Professor, Columbia University
Andrew Patton
Professor, Duke University
Federal Reserve Banks and Branches
To carry out the day-to-day operations of the Federal Reserve System, the nation has been divided into 12 Federal Reserve Districts, each with a Reserve Bank. The majority of Reserve Banks also have at least one Branch.
Reserve Bank and Branch Directors
As required by the Federal Reserve Act, each Federal Reserve Bank is supervised by a nine-member board with three different classes of three directors each: Class A directors, who are nominated and elected by the member banks in that District to represent the stockholding banks; Class B directors, who are nominated and elected by the member banks to represent the public; and Class C directors, who are appointed by the Board of Governors to represent the public. Class B and Class C directors are selected with due, but not exclusive, consideration to the interests of agriculture, commerce, industry, services, labor, and consumers. Each Federal Reserve Bank Branch also has a board with either five or seven directors. A majority of the directors on each Branch board are appointed by the Federal Reserve Bank, with the remaining directors appointed by the Board of Governors.
For more information on Reserve Bank and Branch directors, see https://www.federalreserve.gov/aboutthefed/directors/about.htm.
Reserve Bank and Branch directors are listed below. For each director, the class of directorship, the director's principal place of business, and the expiration date of the director's current term are shown. Also shown are maps that identify Federal Reserve Districts by their official number, city, and letter designation. For more information on the Federal Reserve indicator letters, see https://www.uscurrency.gov/denominations/bank-note-identifiers.
District 1–Boston
Covers the states of Maine, Massachusetts, New Hampshire, Rhode Island, and Vermont; and all but Fairfield County in Connecticut.
For more information on this District and to learn more about the Federal Reserve Bank of Boston's operations, visit https://www.bostonfed.org/. Information on economic conditions for this District can be found in the Federal Reserve System's Beige Book at https://www.federalreserve.gov/monetarypolicy/beige-book-default.htm. Also find the Reserve Bank's financial statements for 2021 at https://www.federalreserve.gov/aboutthefed/files/bostonfinstmt2021.pdf.
Class A
Chandler Howard, 2021
Retired President and Chief Executive Officer, Liberty Bank, Middletown, CT
Bruce Van Saun, 2022
Chairman and Chief Executive Officer, Citizens Financial Group, Stamford, CT
Jeanne A. Hulit, 2023
President and Chief Executive Officer, Maine Community Bank, Biddeford, ME
Class B
Lauren A. Smith, 2021
Chief Health Equity and Strategy Officer, CDC Foundation, Boston, MA
Lizanne Kindler, 2022
Chief Executive Officer, Talbots, Hingham, MA
Kimberly Sherman Stamler, 2023
President, Related Beal, Boston, MA
Class C
Corey Thomas, 2021
Chairman and Chief Executive Officer, Rapid7, LLC, Boston, MA
Christina Hull Paxson, 2022
President, Brown University, Providence, RI
Roger W. Crandall, 2023
Chairman, President, and Chief Executive Officer, MassMutual Financial Group, Springfield, MA
District 2–New York
Covers the state of New York; Fairfield County in Connecticut; and 12 counties in northern New Jersey, and serves the Commonwealth of Puerto Rico and the U.S. Virgin Islands.
For more information on this District and to learn more about the Federal Reserve Bank of New York's operations, visit https://www.newyorkfed.org/. Information on economic conditions for this District can be found in the Federal Reserve System's Beige Book at https://www.federalreserve.gov/monetarypolicy/beige-book-default.htm. Also find the Reserve Bank's financial statements for 2021 at https://www.federalreserve.gov/aboutthefed/files/newyorkfinstmt2021.pdf.
Class A
James P. Gorman, 2021
Chairman and Chief Executive Officer, Morgan Stanley, New York, NY
Douglas L. Kennedy, 2022
President and Chief Executive Officer, Peapack-Gladstone Bank, Bedminster, NJ
Thomas J. Murphy, 2023
President and Chief Executive Officer, Glens Falls National Bank, Arrow Financial Corporation, Glens Falls, NY
Class B
Scott Rechler, 2021
Chairman and Chief Executive Officer, RXR Realty LLC, New York, NY
Adena T. Friedman, 2022
President and Chief Executive Officer, Nasdaq, New York, NY
Vacancy, 2023
Class C
Vincent Alvarez, 2021
President, New York City Central Labor Council, AFL-CIO, New York, NY
Denise Scott, 2022
Executive Vice President, Local Initiatives Support Corporation, New York, NY
Rosa Gil, 2023
Founder, President, and Chief Executive Officer, Comunilife, Inc., New York, NY
District 3–Philadelphia
Covers the state of Delaware; nine counties in southern New Jersey; and 48 counties in the eastern two-thirds of Pennsylvania.
For more information on this District and to learn more about the Federal Reserve Bank of Philadelphia's operations, visit https://www.philadelphiafed.org/. Information on economic conditions for this District can be found in the Federal Reserve System's Beige Book at https://www.federalreserve.gov/monetarypolicy/beige-book-default.htm. Also find the Reserve Bank's financial statements for 2021 at https://www.federalreserve.gov/aboutthefed/files/philadelphiafinstmt2021.pdf.
Class A
Timothy Snyder, 2021
President and Chief Executive Officer, Fleetwood Bank, Fleetwood, PA
Christopher D. Maher, 2022
Chairman and Chief Executive Officer, OceanFirst Bank, N.A., Toms River, NJ
Randall E. Black, 2023
Chief Executive Officer and President, Citizens Financial Services Inc. and First Citizen's Community Bank, Mansfield, PA
Class B
Julia H. Klein, 2021
Chairwoman and Chief Executive Officer, C. H. Briggs Company, Reading, PA
John Fry, 2022
President, Drexel University, Philadelphia, PA
Patricia Hasson, 2023
Retired President and Executive Director, Clarifi, Philadelphia, PA
Class C
Sharmain Matlock-Turner, 2021
President and Chief Executive Officer, Urban Affairs Coalition, Philadelphia, PA
Anthony Ibarguen, 2022
Chief Executive Officer, Quench USA, Inc., King of Prussia, PA
Madeline Bell, 2023
President and Chief Executive Officer, The Children's Hospital of Philadelphia–CHOP, Philadelphia, PA
District 4–Cleveland
Covers the state of Ohio; 56 counties in eastern Kentucky; 19 counties in western Pennsylvania; and 6 counties in northern West Virginia.
For more information on this District and to learn more about the Federal Reserve Bank of Cleveland's operations, visit https://www.clevelandfed.org/. Information on economic conditions for this District can be found in the Federal Reserve System's Beige Book at https://www.federalreserve.gov/monetarypolicy/beige-book-default.htm. Also find the Reserve Bank's financial statements for 2021 at https://www.federalreserve.gov/aboutthefed/files/clevelandfinstmt2021.pdf.
Class A
Eddie L. Steiner, 2021
President and Chief Executive Officer, CSB Bancorp, Inc., Millersburg, OH
Amy G. Brady, 2022
Chief Information Officer and Executive Vice President, KeyBank, Cleveland, OH
Dean J. Miller, 2023
President and Chief Executive Officer, First National Bank of Bellevue, Bellevue, OH
Class B
Valarie L. Sheppard, 2021
Retired Controller and Treasurer, Group Vice President-Company Transition Leader, The Procter & Gamble Company, Cincinnati, OH
David Megenhardt, 2022
Executive Director, United Labor Agency, Cleveland, OH
Heidi L. Gartland, 2023
Chief Government and Community Relations Officer, University Hospitals, Cleveland, OH
Class C
Ana G. Rodriguez, 2021
Senior Vice President and Chief Human Resources Officer, The Lubrizol Corporation, Cleveland, OH
Dwight E. Smith, 2022
President and Chief Executive Officer, Sophisticated Systems, Inc., Columbus, OH
Doris Carson Williams, 2023
President and Chief Executive Officer, African American Chamber of Commerce of Western Pennsylvania, Pittsburgh, PA
Cincinnati Branch
Appointed by the Federal Reserve Bank
Tucker Ballinger, 2021
President and Chief Executive Officer, Forcht Bank, N.A., Lexington, KY
Darin C. Hall, 2022
President and Chief Executive Officer, Civitas Development Group, Cincinnati, OH
Alfonso Cornejo, 2023
President, Hispanic Chamber Cincinnati USA, Cincinnati, OH
David C. Evans, 2023
President and Chief Executive Officer, TESSEC LLC, Dayton, OH
Appointed by the Board of Governors
Rachid Abdallah, 2021
Chairman and Chief Executive Officer, Jedson Engineering, Cincinnati, OH
Holly B. Wiedemann, 2022
Founder and President, AU Associates, Inc., Lexington, KY
Ashish K. Vaidya, 2023
President, Northern Kentucky University, Highland Heights, KY
Pittsburgh Branch
Appointed by the Federal Reserve Bank
Vera Krekanova, 2021
Chief Strategy and Research Officer, Allegheny Conference on Community Development, Pittsburgh, PA
Sanjay Chopra, 2022
Co-Founder and Chief Executive Officer, Cognistx, Pittsburgh, PA
Earl Buford, 2023
President, CAEL, Indianapolis, IN
Christina A. Cassotis, 2023
Chief Executive Officer, Allegheny County Airport Authority, Pittsburgh, PA
Appointed by the Board of Governors
Dmitri D. Shiry, 2021
Retired Partner Deloitte-Pittsburgh, Deloitte LLP, Pittsburgh, PA
Kathryn Z. Klaber, 2022
Managing Partner, The Klaber Group, Sewickley, PA
Suzanne Mellon, 2023
President Emerita, Carlow University, Pittsburgh, PA
District 5–Richmond
Covers the states of Maryland, Virginia, North Carolina, and South Carolina; 49 counties constituting most of West Virginia; and the District of Columbia.
For more information on this District and to learn more about the Federal Reserve Bank of Richmond's operations, visit https://www.richmondfed.org/. Information on economic conditions for this District can be found in the Federal Reserve System's Beige Book at https://www.federalreserve.gov/monetarypolicy/beige-book-default.htm. Also find the Reserve Bank's financial statements for 2021 at https://www.federalreserve.gov/aboutthefed/files/richmondfinstmt2021.pdf.
Class A
James H. Sills, III, 2021
President and Chief Executive Officer, Mechanics and Farmers Bank, Durham, NC
William A. Loving, Jr., 2022
President and Chief Executive Officer, Pendleton Community Bank, Franklin, WV
Jennifer LaClair, 2023
Chief Financial Officer, Ally Bank, Charlotte, NC
Class B
Catherine A. Meloy, 2021
President and Chief Executive Officer, Goodwill of Greater Washington/Goodwill Excel Center, Washington, DC
Wayne A. I. Frederick, MD, 2022
President, Howard University, Washington, DC
Robert M. Blue, 2023
President and Chief Executive Officer, Dominion Energy, Richmond, VA
Class C
Eugene A. Woods, 2021
President and Chief Executive Officer, Atrium Health, Charlotte, NC
Jodie McLean, 2022
Chief Executive Officer, EDENS, Washington, DC
Lisa M. Hamilton, 2023
President and Chief Executive Officer, The Annie E. Casey Foundation, Baltimore, MD
Baltimore Branch
Appointed by the Federal Reserve Bank
Laura L. Gamble, 2021
Regional President Greater Maryland, PNC, Baltimore, MD
Tom Geddes, 2021
Partner and Portfolio Manager, Brown Advisory, Baltimore, MD
Cecilia A. Hodges, 2022
Regional President Greater Washington and Virginia, M&T Bank, Falls Church, VA
Brenda Galgano, 2023
Senior Vice President and Chief Financial Officer, Perdue, Salisbury, MD
Appointed by the Board of Governors
Kenneth R. Banks, 2021
President and Chief Executive Officer, Banks Contracting Company, Greenbelt, MD
William J. McCarthy, 2022
Executive Director, Catholic Charities of Baltimore, Baltimore, MD
Leslie D. Hale, 2023
President and Chief Executive Officer, RLJ Lodging Trust, Bethesda, MD
Charlotte Branch
Appointed by the Federal Reserve Bank
George Dean Johnson III, 2021
Chief Executive Officer, Johnson Development Associates, Inc., Spartanburg, SC
Jerry L. Ocheltree, 2021
President and Chief Executive Officer, United Bank, Lincolnton, NC
Dionne Nelson, 2022
President and Chief Executive Officer, Laurel Street Residential, Charlotte, NC
Vacancy, 2023
Appointed by the Board of Governors
Bernett William Mazyck, 2021
President and Chief Executive Officer, South Carolina Association for Community Economic Development, Charleston, SC
James F. Goodmon Jr., 2022
President and Chief Operating Officer, Capitol Broadcasting Company, Raleigh, NC
R. Glenn Sherrill, Jr., 2023
Chairman and Chief Executive Officer, SteelFab Inc., Charlotte, NC
District 6–Atlanta
Covers the states of Alabama, Florida, and Georgia; 74 counties in the eastern two-thirds of Tennessee; 38 parishes of southern Louisiana; and 43 counties of southern Mississippi.
For more information on this District and to learn more about the Federal Reserve Bank of Atlanta's operations, visit https://www.frbatlanta.org/. Information on economic conditions for this District can be found in the Federal Reserve System's Beige Book at https://www.federalreserve.gov/monetarypolicy/beige-book-default.htm. Also find the Reserve Bank's financial statements for 2021 at https://www.federalreserve.gov/aboutthefed/files/atlantafinstmt2021.pdf.
Class A
Claire W. Tucker, 2021
Founding President and Chief Executive Officer Emerita, CapStar Financial Holdings, Inc., Nashville, TN
Robert W. Dumas, 2022
Chairman, President, and Chief Executive Officer, AuburnBank, Auburn, AL
Kessel D. Stelling, Jr., 2023
Executive Chair, Synovus Financial Corporation, Columbus, GA
Class B
Michael Russell, 2021
Chief Executive Officer, H.J. Russell and Company, Atlanta, GA
Mary A. Laschinger, 2022
Former Chairman and Chief Executive Officer, Veritiv Corporation, Atlanta, GA
Gregory A. Haile, 2023
President, Broward College, Fort Lauderdale, FL
Class C
Claire Lewis Arnold, 2021
Chief Executive Officer, Leapfrog Services, Inc., Atlanta, GA
Elizabeth A. Smith, 2022
Former Executive Chair, Bloomin' Brands, Inc., Tampa, FL
Myron A. Gray, 2023
Retired President, U.S. Operations, United Parcel Service, Atlanta, GA
Birmingham Branch
Appointed by the Federal Reserve Bank
David M. Benck, 2021
Vice President and General Counsel, Hibbett, Inc., Birmingham, AL
David L. Nast, 2021
President and Chief Executive Officer, Progress Bank, Huntsville, AL
Brian C. Hamilton, 2022
President and Chief Executive Officer, Trillion Communications Corp., Bessemer, AL
Larry D. Thornton Sr., 2023
President and Chief Executive Officer, Thornton Enterprises, Birmingham, AL
Appointed by the Board of Governors
Christy Thomas, 2021
President and Co-Founder, Thomas James Co., Birmingham, AL
Merrill H. Stewart, Jr., 2022
President, The Stewart/Perry Company, Inc., Birmingham, AL
Maye Head-Frei, 2023
Chairman, Ram Tool and Supply Company, Birmingham, AL
Jacksonville Branch
Appointed by the Federal Reserve Bank
John Hirabayashi, 2021
President and Chief Executive Officer, Community First Credit Union of Florida, Jacksonville, FL
Dawn Lockhart, 2021
Director of Strategic Partnerships, Office of the Mayor, City of Jacksonville, Jacksonville, FL
Paul G. Boynton, 2022
Vice Chairman, Rayonier Advanced Materials, Inc., Jacksonville, FL
William O. West, 2023
Chief Executive Officer, The Bank of Tampa, Tampa, FL
Appointed by the Board of Governors
Timothy P. Cost, 2021
President, Jacksonville University, Jacksonville, FL
Nicole B. Thomas, 2022
Hospital President, Baptist Medical Center Jacksonville, Jacksonville, FL
Edward A. Moratin, 2023
President, LIFT Orlando, Orlando, FL
Miami Branch
Appointed by the Federal Reserve Bank
Abel L. Iglesias, 2021
President and Chief Operating Officer, Professional Bank, Coral Gables, FL
Eduardo Arriola, 2022
Chairman and Chief Executive Officer, Apollo Bank, Miami, FL
Daniel Lavender, 2023
Chief Executive Officer, Moorings Park Institute, Inc., Naples, FL
N. Maria Menendez, 2023
Chief Financial Officer, GL Homes of Florida Holding, Sunrise, FL
Appointed by the Board of Governors
Michael A. Wynn, 2021
Board Chairman and President, Sunshine Ace Hardware, Bonita Springs, FL
Ana M. Menendez, 2022
Chief Financial Officer and Treasurer, Watsco, Inc., Miami, FL
Keith T. Koenig, 2023
Chief Executive Officer, City Furniture, Tamarac, FL
Nashville Branch
Appointed by the Federal Reserve Bank
Beth R. Chase, 2021
Former Senior Managing Director, Ankura Consulting Group, Nashville, TN
Leif M. Murphy, 2021
Chief Executive Officer, TeamHealth Holdings, Inc., Knoxville, TN
Amber W. Krupacs, 2022
Chief Financial Officer and Executive Vice President, Clayton Homes, Maryville, TN
John W. Garratt, 2023
Executive Vice President and Chief Financial Officer, Dollar General, Goodlettsville, TN
Appointed by the Board of Governors
Thomas Zacharia, 2021
Laboratory Director/ President and Chief Executive Officer, Oak Ridge National Laboratory/ UT-Battelle, LLC, Oak Ridge, TN
Matthew S. Bourlakas, 2022
President and Chief Executive Officer, Goodwill Industries of Middle Tennessee, Inc., Nashville, TN
Amanda Mathis, 2023
Chief Financial Officer, Bridgestone Americas, Inc., Nashville, TN
New Orleans Branch
Appointed by the Federal Reserve Bank
Katherine A. Crosby, 2021
Board Chair, Fidelity Bank, New Orleans, LA
David T. Darragh, 2021
Operating Partner, LongueVue Capital, Metairie, LA
Vacancy, 2022
William G. Yates III, 2023
President and Chief Executive Officer, W.G. Yates & Sons Construction Company, Biloxi, MS
Appointed by the Board of Governors
Art E. Favre, 2021
President and Chief Executive Officer, Performance Contractors, Inc., Baton Rouge, LA
G. Janelle Frost, 2022
President and Chief Executive Officer, AMERISAFE, Inc., DeRidder, LA
Michael E. Hicks, Jr., 2023
President and Chief Executive Officer, Hixardt Technologies, Inc., Pensacola, FL
District 7–Chicago
Covers the state of Iowa; 68 counties of northern Indiana; 50 counties of northern Illinois; 68 counties of southern Michigan; and 46 counties of southern Wisconsin.
For more information on this District and to learn more about the Federal Reserve Bank of Chicago's operations, visit https://www.chicagofed.org/. Information on economic conditions for this District can be found in the Federal Reserve System's Beige Book at https://www.federalreserve.gov/monetarypolicy/beige-book-default.htm. Also find the Reserve Bank's financial statements for 2021 at https://www.federalreserve.gov/aboutthefed/files/chicagofinstmt2021.pdf.
Class A
Christopher J. Murphy III, 2021
Chairman and Chief Executive Officer, 1st Source Bank, South Bend, IN
Susan Whitson, 2022
Chief Executive Officer, First Bank, and President, First of Waverly Corporation, Waverly, IA
Michael O'Grady, 2023
Chairman, President, and Chief Executive Officer, Northern Trust, Chicago, IL
Class B
Susan M. Collins, 2021
Interim Provost and Executive Vice President for Academic Affairs, University of Michigan, Ann Arbor, MI
Linda Jojo, 2022
Executive Vice President, Technology and Chief Digital Officer, United Airlines, Inc., Chicago, IL
David Cyril Habiger, 2023
President and Chief Executive Officer, J.D. Power, Troy, MI
Class C
Wright L. Lassiter III, 2021
President and Chief Executive Officer, Henry Ford Health System, Detroit, MI
Helene D. Gayle, 2022
President and Chief Executive Officer, The Chicago Community Trust,
Chicago IL
E. Scott Santi, 2023
Chairman and Chief Executive Officer, Illinois Tool Works Inc., Glenview, IL
Detroit Branch
Appointed by the Federal Reserve Bank
Rip Rapson, 2021
President and Chief Executive Officer, The Kresge Foundation, Troy, MI
Ronald E. Hall, 2022
President and Chief Executive Officer, Bridgewater Interiors, LLC, Detroit, MI
Sandy K. Baruah, 2023
President and Chief Executive Officer, Detroit Regional Chamber, Detroit, MI
Sandra E. Pierce, 2023
Senior Executive Vice President, Private Client Group and Regional Banking Director, and Chair of Michigan, Huntington Bank, Southfield, MI
Appointed by the Board of Governors
James M. Nicholson, 2021
Co-Chairman, PVS Chemicals, Inc., Detroit, MI
Linda P. Hubbard, 2022
President and Chief Operating Officer, Carhartt, Inc., Dearborn, MI
Joseph B. Anderson, Jr., 2023
Chairman and Chief Executive Officer, TAG Holdings, LLC, Wixom, MI
District 8–St. Louis
Covers the state of Arkansas; 44 counties in southern Illinois; 24 counties in southern Indiana; 64 counties in western Kentucky; 39 counties in northern Mississippi; 71 counties in central and eastern Missouri; the city of St. Louis; and 21 counties in western Tennessee.
For more information on this District and to learn more about the Federal Reserve Bank of St. Louis's operations, visit https://www.stlouisfed.org/. Information on economic conditions for this District can be found in the Federal Reserve System's Beige Book at https://www.federalreserve.gov/monetarypolicy/beige-book-default.htm. Also find the Reserve Bank's financial statements for 2021 at https://www.federalreserve.gov/aboutthefed/files/stlouisfinstmt2021.pdf.
Class A
Patricia L. Clarke, 2021
President and Chief Executive Officer, First National Bank of Raymond, Raymond, IL
C. Mitchell Waycaster, 2022
President and Chief Executive Officer, Renasant Bank, Tupelo, MS
Elizabeth G. McCoy, 2023
Chief Executive Officer, Planters Bank, Hopkinsville, KY
Class B
Alice K. Houston, 2021
Chief Executive Officer, HJI Supply Chain Solutions, Louisville, KY
Penelope Pennington, 2022
Managing Partner, Edward Jones, St. Louis, MO
R. Andrew Clyde, 2023
President and Chief Executive Officer, Murphy USA Inc., El Dorado, AR
Class C
Suzanne Sitherwood, 2021
President and Chief Executive Officer, Spire Inc., St. Louis, MO
Carolyn Chism Hardy, 2022
President and Chief Executive Officer, Chism Hardy Investments, LLC, Collierville, TN
James M. McKelvey, Jr., 2023
Founder and Chief Executive Officer, Invisibly, Inc., St. Louis, MO
Little Rock Branch
Appointed by the Federal Reserve Bank
Jeff Lynch, 2021
President and Chief Executive Officer, Eagle Bank and Trust, Little Rock, AR
Christopher B. Hegi, 2022
Chief Executive Officer, First Financial Bank, El Dorado, AR
Vincent G. Logan, 2023
Chief Financial Officer and Chief Investment Officer, Native American Agriculture Fund, Fayetteville, AR
Darrin Williams, 2023
Chief Executive Officer, Southern Bancorp, Inc., Little Rock, AR
Appointed by the Board of Governors
Jamie Henry, 2021
Vice President Finance, Emerging Payments, Walmart Inc., Bentonville, AR
Millie A. Ward, 2022
President, Stone Ward, Little Rock, AR
Vickie D. Judy, 2023
Chief Financial Officer and Vice President, America's Car-Mart, Inc, Bentonville, AR
Louisville Branch
Appointed by the Federal Reserve Bank
Ben Reno-Weber, 2021
Project Director, Greater Louisville Project, Louisville, KY
Patrick J. Glotzbach, 2022
Director, New Independent Bancshares, Inc., Charlestown, IN
Tara England Barney, 2023
President and Chief Executive Officer, Southwest Indiana Chamber of Commerce, Evansville, IN
Blake B. Willoughby, 2023
President, First Breckinridge Bancshares, Inc., Irvington, KY
Appointed by the Board of Governors
Emerson M. Goodwin, 2021
Senior Vice President of Business Development, ARcare d/b/a KentuckyCare, Paducah, KY
David Tatman, 2022
Director of Engineering, Bendix Spicer Foundation Brake, LLC, Bowling Green, KY
Sadiqa N. Reynolds, 2023
President, Louisville Urban League, Louisville, KY
Memphis Branch
Appointed by the Federal Reserve Bank
Beverly Crossen, 2021
Owner, Farmhouse Tupelo, Tupelo, MS
R. Davy Carter, 2022
Regional President, Home BancShares, Inc., Jonesboro, AR
Jeff Agee, 2023
Chairman and Chief Executive Officer, First Citizens National Bank, Dyersburg, TN
Henry N. Reichle Jr., 2023
President and Chief Executive Officer, Staplcotn, Greenwood, MS
Appointed by the Board of Governors
Eric D. Robertson, 2021
President, Community LIFT
Corporation, Memphis, TN
Katherine Buckman Gibson, 2022
Chief Executive Officer, KBG Technologies, LLC, Memphis, TN
Michael Ugwueke, 2023
President and Chief Executive Officer, Methodist Le Bonheur Healthcare, Memphis, TN
District 9–Minneapolis
Covers the states of Minnesota, Montana, North Dakota, and South Dakota; the Upper Peninsula of Michigan; and 26 counties in northern Wisconsin.
For more information on this District and to learn more about the Federal Reserve Bank of Minneapolis's operations, visit https://www.minneapolisfed.org/. Information on economic conditions for this District can be found in the Federal Reserve System's Beige Book at https://www.federalreserve.gov/monetarypolicy/beige-book-default.htm. Also find the Reserve Bank's financial statements for 2021 at https://www.federalreserve.gov/aboutthefed/files/minneapolisfinstmt2021.pdf.
Class A
Jeanne H. Crain, 2021
President and Chief Executive Officer, Bremer Financial Corporation, St. Paul, MN
Brenda K. Foster, 2022
Chairman, President, and Chief Executive Officer, First Western Bank and Trust, Minot, ND
Gerald H. Jacobson, 2023
President, Northwestern Bank, Chippewa Falls, WI
Class B
Sarah Walsh, 2021
Chief Operating Officer, PayneWest Insurance, Helena, MT
David R. Emery, 2022
Executive Chairman, Retired, Black Hills Corporation, Rapid City, SD
Paul D. Williams, 2023
President and Chief Executive Officer, Project for Pride in Living, Minneapolis, MN
Class C
Harry D. Melander, 2021
Retired President, Minnesota Building and Construction Trades Council, St. Paul, MN
Christopher M. Hilger, 2022
Chairman, President, and Chief Executive Officer, Securian Financial, St. Paul, MN
Srilata Zaheer, 2023
Dean, Carlson School of Management, University of Minnesota, Minneapolis, MN
Helena Branch
Appointed by the Federal Reserve Bank
Jason Adams, 2021
Owner and Consultant, Ace Housing and Development, LLC, Polson, MT
Mary Rutherford, 2022
President and Chief Executive Officer, Montana Community Foundation, Helena, MT
William E. Coffee, 2023
Chief Executive Officer, Stockman Financial Corporation, Billings, MT
Appointed by the Board of Governors
Bobbi Wolstein, 2021
Chief Financial Officer, LHC, Inc., Kalispell, MT
Alan D. Ekblad, 2023
Senior Status, Montana AFL-CIO, Helena, MT
District 10–Kansas City
Covers the states of Colorado, Kansas, Nebraska, Oklahoma, and Wyoming; 43 counties in western Missouri; and 14 counties in northern New Mexico.
For more information on this District and to learn more about the Federal Reserve Bank of Kansas City's operations, visit https://www.kansascityfed.org/. Information on economic conditions for this District can be found in the Federal Reserve System's Beige Book at https://www.federalreserve.gov/monetarypolicy/beige-book-default.htm. Also find the Reserve Bank's financial statements for 2021 at https://www.federalreserve.gov/aboutthefed/files/kansascityfinstmt2021.pdf.
Class A
Kyle Heckman, 2021
Chairman, President, and Chief Executive Officer, Flatirons Bank, Boulder, CO
Gregory Hohl, 2022
Chairman and President, Wahoo State Bank, Wahoo, NE
Patricia J. Minard, 2023
Chairman, President, and Chief Executive Officer, Southwest National Bank, Wichita, KS
Class B
Cassandra R. Savage, 2021
Owner and Member, The Savage Group, LLC, Lenexa, KS
Douglas J. Stussi, 2022
Executive Adviser, Love Family of Companies, Oklahoma City, OK
Ruben Alonso III, 2023
President, AltCap, Kansas City, MO
Class C
Edmond Johnson, 2021
President and Owner, Premier Manufacturing, Inc., Frederick, CO
Patrick A. Dujakovich, 2022
President, Greater Kansas City AFL-CIO, Kansas City, MO
Maria Griego-Raby, 2023
President and Principal, Contract Associates, Albuquerque, NM
Denver Branch
Appointed by the Federal Reserve Bank
Nicole Glaros, 2021
Chief Investment Strategy Officer, Techstars, Boulder, CO
Chris Wright, 2021
Chief Executive Officer, Liberty Oilfield Services, Denver, CO
Jeffrey C. Wallace, 2022
Chief Executive Officer, Wyoming Bank & Trust, Cheyenne, WY
Rachel Gerlach, 2023 Chief Credit Officer, Alpine Bank, Glenwood Springs, CO
Appointed by the Board of Governors
Jacqueline Baca, 2021
President, Bueno Foods,
Albuquerque, NM
Jandel Allen-Davis, MD, 2022
Chief Executive Officer and President, Craig Hospital, Englewood, CO
Navin Dimond, 2023
Chief Executive Officer and Chairman, Stonebridge Companies, Denver, CO
Oklahoma City Branch
Appointed by the Federal Reserve Bank
J. Walter Duncan IV, 2021
President, Duncan Oil Properties, Inc., Oklahoma City, OK
Susan Chapman Plumb, 2022
Board Chair and Chief Executive Officer, Bank of Cherokee County, Tahlequah, OK
Christopher C. Turner, 2022
Chief Operating Officer and Executive Vice President, The First National Bank & Trust, Oklahoma City, OK
Brady Sidwell, 2023
Owner and Principal, Sidwell Strategies, LLC, Enid, OK
Appointed by the Board of Governors
Tina Patel, 2021
Chief Financial Officer, Promise Hotels, LLC, Tulsa, OK
Dana S. Weber, 2022
Chief Executive Officer and Chairman of the Board, Webco Industries, Inc., Sand Springs, OK
Katrina Washington, 2023
Owner, Stratos Realty Group, Oklahoma City, OK
Omaha Branch
Appointed by the Federal Reserve Bank
Thomas J. Henning, 2021
President and Chief Executive Officer, Cash-Wa Distributing Co., Kearney, NE
Zac Karpf, 2021
President, Platte Valley Bank, Scottsbluff, NE
Annette Hamilton, 2022
Chief Operating Officer, Ho-Chunk, Inc., Winnebago, NE
Dwayne W. Sieck, 2023
Managing Principal, Farnam Street Real Estate Capital, Omaha, NE
Appointed by the Board of Governors
Kimberly A. Russel, 2021
Chief Executive Officer, Russel Advisors, Lincoln, NE
L. Javier Fernandez, 2022
President and Chief Executive Officer, Omaha Public Power District, Omaha, NE
Carmen Tapio, 2023
Owner, President, and Chief Executive Officer, North End Teleservices, LLC, Omaha, NE
District 11–Dallas
Covers the state of Texas; 26 parishes in northern Louisiana; and 18 counties in southern New Mexico.
For more information on this District and to learn more about the Federal Reserve Bank of Dallas's operations, visit https://www.dallasfed.org/. Information on economic conditions for this District can be found in the Federal Reserve System's Beige Book at https://www.federalreserve.gov/monetarypolicy/beige-book-default.htm. Also find the Reserve Bank's financial statements for 2021 at https://www.federalreserve.gov/aboutthefed/files/dallasfinstmt2021.pdf.
Class A
Kelly A. Barclay, 2021
President and Chief Executive Officer, Ozona Bank, Wimberly, TX
Joe Quiroga, 2022
President, Texas National Bank, Edinburg, TX
Robert A. Hulsey, 2023
President and Chief Executive Officer, American National Bank of Texas, Terrell, TX
Class B
Renard U. Johnson, 2021
President and Chief Executive Officer, Management & Engineering Technologies International, Inc., El Paso, TX
Cynthia Taylor, 2022
President and Chief Executive Officer, Oil States International Inc., Houston, TX
Gerald B. Smith, 2023
Chairman and Chief Executive Officer, Smith, Graham & Company Investment Advisors, L.P., Houston, TX
Class C
Greg L. Armstrong, 2021
Retired Chairman and Chief Executive Officer, Plains All American Pipeline L.P., Houston, TX
Thomas J. Falk, 2022
Retired Chairman and Chief Executive Officer, Kimberly-Clark Corporation, Dallas, TX
Claudia Aguirre, 2023
President and Chief Executive Officer, BakerRipley, Houston, TX
El Paso Branch
Appointed by the Federal Reserve Bank
William Serrata, 2021
President, El Paso Community College, El Paso, TX
Von C. Washington, Sr., 2022
President, IDA Technology, El Paso, TX
Jill Gutierrez, 2023
Director, Bank 34, Alamogordo, NM
Sally A. Hurt-Deitch, 2023
Senior Vice President of Operations, Ascension, El Paso, TX
Appointed by the Board of Governors
Tracy J. Yellen, 2021
Chief Executive Officer, Paso del Norte Community Foundation and Paso Del Norte Health Foundation, El Paso, TX
Julio Chiu, 2022
Founder and Chief Executive Officer, Seisa Group, El Paso, TX
Vacancy, 2023
Houston Branch
Appointed by the Federal Reserve Bank
David Zalman, 2021
Chairman and Chief Executive Officer, Prosperity Bancshares, Houston, TX
Gary R. Petersen, 2022
Managing Partner and Founder, EnCap Investments L.P., Houston, TX
Gina Luna, 2023
Chief Executive Officer, Luna Strategies, LLC, Houston, TX
Bhavesh V. Patel, 2023
Chief Executive Officer, LyondellBasell Industries, Houston, TX
Appointed by the Board of Governors
Vacancy, 2021
Darryl L. Wilson, 2022
President and Founder, The Wilson Collective, Houston, TX
Ruth J. Simmons, 2023
President, Prairie View A&M University, Prairie View, TX
San Antonio Branch
Appointed by the Federal Reserve Bank
Alfred B. Jones, 2021
Director, American Bank Holding Corp., Corpus Christi, TX
Charles E. Amato, 2022
Chairman and Co-Founder, Southwest Business Corp., San Antonio, TX
Veronica Muzquiz Edwards, 2023
Chief Executive Officer, InGenesis, Inc., San Antonio, TX
Tyson Tuttle, 2023
President and Chief Executive Officer, Silicon Labs, Austin, TX
Appointed by the Board of Governors
Jesús Garza, 2021
Retired President and Chief Executive Officer, Seton Healthcare Family, Austin, TX
Denise M. Trauth, 2022
President, Texas State University,
San Marcos, TX
Paula Gold-Williams, 2023
President and Chief Executive Officer, CPS Energy, San Antonio, TX
District 12–San Francisco
Covers the states of Alaska, Arizona, California, Hawaii, Idaho, Nevada, Oregon, Utah, and Washington, and serves American Samoa, Guam, and the Commonwealth of the Northern Mariana Islands.
For more information on this District and to learn more about the Federal Reserve Bank of San Francisco's operations, visit http://www.frbsf.org/. Information on economic conditions for this District can be found in the Federal Reserve System's Beige Book at https://www.federalreserve.gov/monetarypolicy/beige-book-default.htm. Also find the Reserve Bank's financial statements for 2021 at https://www.federalreserve.gov/aboutthefed/files/sanfranciscofinstmt2021.pdf.
Class A
Greg Becker, 2021
President and Chief Executive Officer, SVB Financial Group, Chief Executive Officer, Silicon Valley Bank, Santa Clara, CA
Vacancy, 2022
S. Randolph Compton, 2023
Co-Chair of the Board, Pioneer Trust Bank, N.A., Salem, OR
Class B
Arthur F. Oppenheimer, 2021
Chairman and Chief Executive Officer, Oppenheimer Companies, Inc., President, Oppenheimer Development Corporation, Boise, ID
Sanford L. Michelman, 2022
Chairman, Michelman & Robinson, LLP, Los Angeles, CA
Karen Lee, 2023
Chief Executive Officer, Pioneer Human Services, Seattle, WA
Class C
David P. White, 2021
Immediate Past Chief Executive Officer, Chief Negotiator and Strategic Advisor, SAG-AFTRA, Venture Partner, Ulu Ventures, Los Angeles, CA
Rosemary Turner, 2022
Retired President, North California District, United Parcel Service, Inc., Oakland, CA
Tamara L. Lundgren, 2023
Chairman, President, and Chief Executive Officer, Schnitzer Steel Industries, Inc., Portland, OR
Los Angeles Branch
Appointed by the Federal Reserve Bank
Maritza Diaz, 2021
Chief Executive Officer, iTjuana, San Marcos, CA
Jack Sinclair, 2021
Chief Executive Officer, Sprouts Farmers Market, Phoenix, AZ
Wayne Bradshaw, 2022
Chairman, Broadway Financial Corporation, Los Angeles, CA
Theresa Benelli, 2023
Executive Director, LISC Phoenix, Phoenix, AZ
Appointed by the Board of Governors
Anita V. Pramoda, 2021
Chief Executive Officer, Owned Outcomes, Las Vegas, NV
Mario Cordero, 2022
Executive Director, Port of Long Beach, Long Beach, CA
Carl J.P. Chang, 2023
Chief Executive Officer, Kairos Investment Management Company, Chairman of the Board, Pieology Pizzeria, Rancho Santa Margarita, CA
Portland Branch
Appointed by the Federal Reserve Bank
Stacey M.L. Dodson, 2021
Market President, Portland and Southwest Washington, U.S. Bank, Portland, OR
Maria Pope, 2022
President and Chief Executive Officer, Portland General Electric Company, Portland, OR
Hilary K. Krane, 2023
Executive Vice President, Chief Administrative Officer, and General Counsel, Nike, Inc., Beaverton, OR
Cheryl R. Nester Wolfe, 2023
President and Chief Executive Officer, Salem Health Hospital and Clinics, Salem, OR
Appointed by the Board of Governors
Gale Castillo, 2021
President, Cascade Centers, Inc., Portland, OR
Anne C. Kubisch, 2022
President and Chief Executive Officer, The Ford Family Foundation, Roseburg, OR
Graciela Gomez-Cowger, 2023
Chief Executive Officer, Schwabe, Williamson & Wyatt, Portland, OR
Salt Lake City Branch
Appointed by the Federal Reserve Bank
Lisa Ann Grow, 2021
President and Chief Executive Officer, IdaCorp & Idaho Power, Boise, ID
Deneece Huftalin, 2022
President, Salt Lake Community College, Tayorsville, UT
Jas Krdzalic, 2023
Executive Chairman, Bodybuilding.com, Boise, ID
Len E. Williams, 2023
President and Chief Executive Officer, Altabank, American Fork, UT
Appointed by the Board of Governors
O. Randall Woodbury, 2021
President and Chief Executive Officer, Woodbury Corporation, Salt Lake City, UT
Russell A. Childs, 2022
Chief Executive Officer and President, SkyWest, Inc., St. George, UT
Susan D. Morris, 2023
Executive Vice President and Chief Operations Officer, Albertsons Companies, Boise, ID
Seattle Branch
Appointed by the Federal Reserve Bank
Cheryl B. Fambles, 2021
Chief Executive Officer, Pacific Mountain Workforce Development Council, Tumwater, WA
Robert C. Donegan, 2022
President, Ivar's Inc., Seattle, WA
Carol Gore, 2023
President and Chief Executive Officer, Cook Inlet Housing Authority, Anchorage, AK
Laura Lee Stewart, 2023
President and Chief Executive Officer, Sound Community Bank and Sound Financial Bancorporation, Seattle, WA
Appointed by the Board of Governors
West Mathison, 2021
President, Stemilt Growers, LLC, Wenatchee, WA
Sheila Edwards Lange, 2022
Chancellor, University of Washington, Tacoma, WA
John Wolfe, 2023
Chief Executive Officer, Northwest Seaport Alliance, Tacoma, WA
Reserve Bank and Branch Leadership
Each year, the Board of Governors designates one Class C director to serve as chair, and one Class C director to serve as deputy chair, of each Reserve Bank board. Reserve Banks also have a president and first vice president who are appointed by the Bank's Class C, and certain Class B, directors, subject to approval by the Board of Governors. Each Reserve Bank selects a chair for every Branch in its District from among the directors on the Branch board who were appointed by the Board of Governors. For each Branch, an officer from its Reserve Bank is also charged with the oversight of Branch operations.
Boston
Christina Hull Paxson, Chair
Corey Thomas, Deputy Chair
Kenneth C. Montgomery, Interim President and Chief Executive Officer, First Vice President
New York
Denise Scott, Chair
Rosa Gil, Deputy Chair
John C. Williams, President and Chief Executive Officer
Naureen Hassan, First Vice President
Additional office at East Rutherford, NJ
Philadelphia
Madeline Bell, Chair
Anthony Ibarguen, Deputy Chair
Patrick T. Harker, President
and Chief Executive Officer
James D. Narron, First Vice President and Chief Operating Officer
Cleveland
Dwight E. Smith, Chair
Doris Carson Williams, Deputy Chair
Loretta J. Mester, President
and Chief Executive Officer
Gregory L. Stefani, First Vice President and Chief Operating Officer
Cincinnati
Rachid Abdallah, Chair
Rick Kaglic, Vice President
and Senior Regional Officer
Pittsburgh
Dmitri D. Shiry, Chair
Mekael Teshome, Vice President and Senior Regional Officer
Richmond
Eugene A. Woods, Chair
Jodie McLean, Deputy Chair
Thomas I. Barkin, President and Chief Executive Officer
Becky Bareford, First Vice President and Chief Operating Officer
Baltimore
Kenneth R. Banks, Chair
Andy Bauer, Vice President and Baltimore Regional Executive
Charlotte
R. Glenn Sherrill, Jr, Chair
Matthew A. Martin, Senior Vice President and Charlotte Regional Executive
Atlanta
Elizabeth A. Smith, Chair
Claire Lewis Arnold, Deputy Chair
Raphael W. Bostic, President and Chief Executive Officer
André Anderson, First Vice President and Chief Operating Officer
Birmingham
Merrill H. Stewart, Jr., Chair
Anoop Mishra, Vice President
and Regional Executive
Jacksonville
Timothy P. Cost, Chair
Christopher L. Oakley, Vice President and Regional Executive
Miami
Michael A. Wynn, Chair
Karen Gilmore, Vice President and Regional Executive
Shari Bower, Vice President and Regional Executive
Nashville
Thomas Zacharia, Chair
Laurel Graefe, Vice President and Regional Executive
New Orleans
Michael E. Hicks, Jr., Chair
Adrienne C. Slack, Vice President and Regional Executive
Chicago
E. Scott Santi, Chair
Helene D. Gayle, MD, Deputy Chair
Charles L. Evans, President and Chief Executive Officer
Ellen Bromagen, First Vice President and Chief Operating Officer
Additional office at Des Moines, IA
Detroit
Joseph B. Anderson, Jr, Chair
Rick Mattoon, Vice President
and Regional Executive
St. Louis
Suzanne Sitherwood, Chair
James M. McKelvey, Jr., Deputy Chair
James B. Bullard, President
and Chief Executive Officer
Kathy O. Paese, First Vice President and Chief Operating Officer
Little Rock
Jamie Henry, Chair
Robert Hopkins, Senior Vice President and Regional Executive
Louisville
Emerson M. Goodwin, Chair
Nikki R. Lanier, Senior Vice President and Regional Executive
Memphis
Katherine Buckman Gibson, Chair
Douglas G. Scarboro, Senior Vice President and Regional Executive
Minneapolis
Srilata Zaheer, Chair
Harry D. Melander, Deputy Chair
Neel Kashkari, President and Chief Executive Officer
Ron J. Feldman, First Vice President
Helena
Bobbi Wolstein, Chair
Kansas City
Edmond Johnson, Chair
Patrick A. Dujakovich, Deputy Chair
Esther L. George, President
and Chief Executive Officer
Kelly J. Dubbert, First Vice President and Chief Operating Officer
Denver
Navin Dimond, Chair
Nicholas Sly, Assistant Vice President and Branch Executive
Oklahoma City
Tina Patel, Chair
Chad R. Wilkerson, Vice President and Branch Executive
Omaha
Kimberly A. Russel, Chair
Nathan Kauffman, Assistant Vice President and Branch Executive
Dallas
Greg L. Armstrong, Chair
Thomas J. Falk, Deputy Chair
Meredith N. Black, Interim President
Robert L. Triplett, III, First Vice President and Chief Operating Officer
El Paso
Tracy J. Yellen, Chair
Roberto A. Coronado, Senior Vice President in Charge
Houston
Darryl L. Wilson, Chair
Daron D. Peschel, Senior Vice President in Charge
San Antonio
Jesús Garza, Chair
Roberto A. Coronado, Senior Vice President in Charge
San Francisco
Rosemary Turner, Chair
Tamara L. Lundgren, Deputy Chair
Mary C. Daly, President and Chief Executive Officer
Sarah Devany, First Vice President and Chief Operating Officer
Additional office at Phoenix, AZ
Los Angeles
Anita V. Pramoda, Chair
Qiana Charles, Vice President and Regional Executive
Portland
Anne C. Kubisch, Chair
Ian Galloway, Vice President and Regional Executive
Salt Lake City
Russell A. Childs, Chair
Becky Potts, Vice President and Regional Executive
Seattle
West Mathison, Chair
Darlene Wilczynski, Vice President and Regional Executive
Leadership Conferences
Conference of Chairs
The chairs of the Federal Reserve Banks are organized into the Conference of Chairs, which meets to consider matters of common interest and to consult with and advise the Board of Governors. Such meetings, also attended by the deputy chairs, were held in Washington, D.C., on May 4 and 5, 2021, and November 16 and 17, 2021. The conference's executive committee members for 2021 are listed below.8
Conference of Chairs Executive Committee—2021
Greg L. Armstrong, Chair,
Federal Reserve Bank of Dallas
Elizabeth A. Smith, Vice Chair,
Federal Reserve Bank of Atlanta
Eugene A. Woods, Member,
Federal Reserve Bank of Richmond
Conference of Presidents
The presidents of the Federal Reserve Banks are organized into the Conference of Presidents, which meets periodically to identify, define, and deliberate issues of strategic significance to the Federal Reserve System; to consider matters of common interest; and to consult with and advise the Board of Governors. The chief executive officer of each Reserve Bank was originally labeled governor and did not receive the title of president until the passage of the Banking Act of 1935. Consequently, when the Conference was first established in 1914 it was known as the Conference of Governors. Conference officers for 2021 are listed below.
Conference of Presidents—2021
James B. Bullard, Chair,
Federal Reserve Bank of St. Louis
John C. Williams, Vice Chair,
Federal Reserve Bank of New York
Douglas Scarboro, Secretary,
Federal Reserve Bank of St. Louis
Tasnim F. Battles, Assistant Secretary, Federal Reserve Bank of New York
Conference of First Vice Presidents
The Conference of First Vice Presidents of the Federal Reserve Banks was organized in 1969 to meet periodically for the consideration of operations and other matters. Conference officers for 2021 are listed below.9
Conference of First Vice Presidents—2021
James Narron, Chair,
Federal Reserve Bank of Philadelphia
Ron Feldman, Vice Chair,
Federal Reserve Bank of Minneapolis
Josh Silverstein, Secretary,
Federal Reserve Bank of Philadelphia
Jamica Quillin, Assistant Secretary, Federal Reserve Bank of Minneapolis
Footnotes
1. Jon Faust served as an adviser to Chair Powell in 2021. Return to text
2. Joshua H. Gallin served as an adviser to Chair Powell in 2021. Return to text
3. Asad Kudiya served as an adviser to Governor Waller in 2021. Return to text
4. Chiara Scotti served as an adviser to Vice Chair Clarida in 2021. Return to text
5. Eric C. Engstrom served as associate director in Research and Statistics and Monetary Affairs. Return to text
6. Antulio Bonfim served as an adviser to Governor Bowman in 2021. Return to text
7. Jane Ihrig served as an adviser to Governor Waller in 2021. Return to text
8. On November 17, 2021, the Conference of Chairs elected Elizabeth A. Smith, chair of the Federal Reserve Bank of Atlanta, as chair of the conference's executive committee for 2022. The conference also elected Eugene A. Woods, chair of the Federal Reserve Bank of Richmond, as vice chair, and Helene D. Gayle, MD, deputy chair of the Federal Reserve Bank of Chicago, as the executive committee's third member. Return to text
9. On December 8, 2020, the conference elected James Narron, Federal Reserve Bank of Philadelphia, as chair for 2022 and Ron Feldman, Federal Reserve Bank of Minneapolis, as vice chair. The conference also elected Josh Silverstein, Federal Reserve Bank of Philadelphia, as secretary and Jamica Quilin, Federal Reserve Bank of Minneapolis, as assistant secretary. Return to text