Federal Reserve Bank Boards of Directors

Sectors Represented by Class C and Class B Directors1
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Sector 2021 2022 2023 2024 2025
Agriculture & Food Processing 0 0 2 3 3
Commerce/Industry 20 21 21 22 20
Energy, Mining, & Extraction 2 1 1 1 1
Manufacturing 5 5 5 8 6
Pharmaceuticals 0 0 0 0 0
Publishing 0 0 0 0 0
Real Estate & Construction 3 5 7 7 6
Utilities 3 2 1 1 1
Wholesale & Retail Trade 7 8 7 5 6
Services 34 35 33 33 39
Accounting 0 0 0 0 0
Architecture 0 0 0 0 0
Education 6 6 6 3 4
Engineering 0 0 1 1 1
Financial Services (non-banking) 6 6 5 4 5
Health Care Delivery 5 5 4 4 7
Information Technology 6 8 8 9 7
Insurance 1 1 3 3 3
Law 1 1 0 0 1
Media, Marketing & Public Relations 0 0 0 0 0
Nonprofit/Business Groups 1 2 2 1 1
Real Estate Brokerage 0 0 0 0 0
Services - Miscellaneous 5 3 1 1 2
Telecommunications 0 1 1 2 3
Transportation 3 2 2 5 5
Labor 5 4 4 4 3
Consumer/Community 10 9 9 7 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. This table includes all Class C and Class B directors serving on Reserve Bank boards as of January 1 of each calendar year. Return to table

Last Update: January 13, 2025