Federal Reserve Bank Boards of Directors
Sectors Represented by Class C and Class B Directors1
| Sector | 2020 | 2021 | 2022 | 2023 | 20242 |
|---|---|---|---|---|---|
| Agriculture & Food Processing | 1 | 0 | 0 | 2 | 3 |
| Commerce/Industry | 20 | 20 | 21 | 21 | 22 |
| Energy, Mining, & Extraction | 3 | 2 | 1 | 1 | 1 |
| Manufacturing | 7 | 5 | 5 | 5 | 8 |
| Pharmaceuticals | 0 | 0 | 0 | 0 | 0 |
| Publishing | 0 | 0 | 0 | 0 | 0 |
| Real Estate & Construction | 3 | 3 | 5 | 7 | 7 |
| Utilities | 2 | 3 | 2 | 1 | 1 |
| Wholesale & Retail Trade | 5 | 7 | 8 | 7 | 5 |
| Services | 37 | 35 | 35 | 33 | 33 |
| Accounting | 0 | 0 | 0 | 0 | 0 |
| Architecture | 0 | 0 | 0 | 0 | 0 |
| Education | 6 | 6 | 6 | 6 | 3 |
| Engineering | 1 | 0 | 0 | 1 | 1 |
| Financial Services (non-banking) | 7 | 6 | 6 | 5 | 4 |
| Health Care Delivery | 5 | 5 | 5 | 4 | 4 |
| Information Technology | 6 | 6 | 8 | 8 | 9 |
| Insurance | 1 | 1 | 1 | 3 | 3 |
| Law | 1 | 1 | 1 | 0 | 0 |
| Media, Marketing & Public Relations | 0 | 0 | 0 | 0 | 0 |
| Nonprofit/Business Groups | 1 | 1 | 2 | 2 | 1 |
| Real Estate Brokerage | 0 | 0 | 0 | 0 | 0 |
| Services - Miscellaneous | 5 | 5 | 3 | 1 | 1 |
| Telecommunications | 0 | 0 | 1 | 1 | 2 |
| Transportation | 4 | 3 | 2 | 2 | 5 |
| Labor | 5 | 5 | 4 | 4 | 4 |
| Consumer/Community | 9 | 10 | 9 | 9 | 7 |
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 2024, this information reflects one vacant Class C director position and two vacant Class B director positions. Return to table