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 2020.
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 2020. 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
(as of December 18, 2020)
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
David W. Skidmore
Assistant to the Board
(through February 1, 2020)
Jennifer C. Gallagher
Special Assistant to the Board
for Congressional Liaison
Jon Faust
Senior Special Adviser
to the Chair
Joshua H. Gallin
Special Adviser to the Chair
Legal Division
Mark E. Van Der Weide
General Counsel
Richard M. Ashton
Deputy General Counsel
Laurie S. Schaffer
Deputy General Counsel
Charles Gray
Senior Associate General Counsel
and Chief of Staff
(as of March 19, 2020)
Stephanie Martin
Senior Associate
General Counsel
Jean C. Anderson
Associate General Counsel
Benjamin W. McDonough
Associate General Counsel
Alvin Williams
Associate General Counsel
(as of August 31, 2020)
Alicia S. Foster
Deputy Associate
General Counsel
Alison M. Thro
Deputy Associate
General Counsel
Cary K. Williams
Deputy Associate
General Counsel
Patrick M. Bryan
Assistant General Counsel
(through January 25, 2020)
Jason A. Gonzalez
Assistant General Counsel
(as of August 16, 2020)
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
(as of June 1, 2020)
Shaghil Ahmed
Deputy Director
Sally M. Davies
Deputy Director
Brian M. Doyle1
Deputy Director
Joseph W. Gruber
Deputy Director
(through May 2, 2020)
Carol Bertaut
Senior Associate Director
James A. Dahl
Associate Director
Paul Wood
Associate Director
Ricardo Correa
Deputy Associate Director
Stephanie E. Curcuru
Deputy Associate Director
Matteo Iacoviello
Deputy Associate Director
Andrea Raffo
Deputy Associate Director
Daniel Beltran
Assistant Director
(as of June 21, 2020)
Viktors Stebunovs
Assistant Director
(as of June 21, 2020)
Robert Vigfusson
Assistant Director
Brett Berger
Senior Adviser
Steven B. Kamin
Senior Adviser
(through June 1, 2020)
John H. Rogers
Senior Adviser
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
(as of March 25, 2020)
Namirembe Mukasa
Deputy Associate and
Chief of Staff
Chiara Scotti2
Deputy Associate Director
Skander J. Van den Heuvel
Deputy Associate Director
David Arseneau
Assistant Director
(as of November 8, 2020)
Andrew M. Cohen
Assistant Director
Ceyhun Durdu
Assistant Director
(as of November 8, 2020)
Uzma Wahhab
Special Adviser
Division of Monetary Affairs
Thomas Laubach
Director
(through September 2, 2020)
Trevor A. Reeve
Director
(as of September 3, 2020)
James A. Clouse
Deputy Director
Rochelle M. Edge
Deputy Director
David H. Bowman
Senior Associate Director
Gretchen C. Weinbach
Senior Associate Director
Margaret G. DeBoer
Associate Director
Mary T. Hoffman
Associate Director
J. David Lopez-Salido
Associate Director
Matthew M. Luecke
Associate Director
Katherine Tom
Associate Director
(through October 11, 2020)
Min Wei
Associate Director
Eric C. Engstrom3
Deputy Associate Director
Christopher J. Gust
Deputy Associate Director
Brian Bonis
Assistant Director
(as of March 29, 2020)
Karen Brooks
Assistant Director
Michiel De Pooter
Assistant Director
Giovanni Favara
Assistant Director
Etienne Gagnon
Assistant Director
Dan Li
Assistant Director
Laura Lipscomb
Assistant Director
Elizabeth Marx
Assistant Director
(as of March 29, 2020)
Zeynep Senyuz
Assistant Director
Rebecca Zarutskie
Assistant Director
Antulio Bomfim4
Senior Adviser
Jane E. Ihrig
Senior Adviser
Don H. Kim
Senior Adviser
Ellen E. Meade
Senior Adviser
Edward M. Nelson
Senior Adviser
Robert J. Tetlow
Senior Adviser
Egon Zakrajsek
Senior Adviser
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
(as of March 30, 2020)
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
Glenn R. Follette
Associate Director
Elizabeth K. Kiser
Associate Director
Timothy A. Mullen
Associate Director
Burcu Duygan-Bump
Deputy Associate Director
Eric C. Engstrom5
Deputy Associate Director
J. Andrew Figura
Deputy 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
Shane M. Sherlund
Deputy Associate Director
Lillian Shewmaker
Deputy Associate Director
Paul A. Smith
Deputy Associate Director
Gianni Amisano
Assistant Director and Chief
Matthias Paustian
Assistant Director and Chief
Paul Lengermann
Assistant Director
Geng Li
Assistant Director and Chief
Byron Lutz
Assistant Director
Raven Molloy
Assistant Director
Gustavo Suarez
Assistant Director
Clara Vega
Assistant Director
S. Wayne Passmore
Senior Adviser
Robin A. Prager
Senior Adviser
(through April 1, 2020)
Jeremy Rudd
Senior Adviser
Steven A. Sharpe
Senior Adviser
Charles Fleischman
Adviser
Division of Supervision and Regulation
Michael S. Gibson
Director
Jennifer Burns
Deputy Director
Arthur W. Lindo
Deputy Director
James Price
Deputy Director
Mary L. Aiken
Senior Associate Director
Barbara J. Bouchard
Senior Adviser
Richard N. Ragan
Senior Associate Director
Lisa Ryu
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
John Kolb
Associate Director
(through April 1, 2020)
Molly Mahar
Associate Director
Richard A. Naylor II
Associate Director
Thomas R. Sullivan
Associate Director
John Beebe
Deputy Associate Director
James Ray Diggs
Deputy Associate Director
Mona Elliot
Deputy Associate Director
Constance Horsley
Deputy Associate Director
Kavita Jain
Deputy Associate Director
(as of June 29, 2020)
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
Catherine Piche
Deputy Associate Director
(through March 1, 2020)
Laurie Priest
Deputy Associate Director
(through July 1, 2020)
Steven Spurry
Deputy Associate Director
Catherine A. Tilford
Deputy Associate Director
Joanne Wakim
Deputy Associate Director
(through July 1, 2020)
Donna Webb
Deputy Associate Director
Suzanne L. Williams
Deputy Associate Director
Dana Burnett
Assistant Director
(as of October 25, 2020)
Karen Caplan
Assistant Director
Juan Climent
Assistant Director
(as of June 7, 2020)
Keith Coughlin
Assistant Director
Christine Graham
Assistant Director
Eric L. Kennedy
Assistant Director
(as of April 26, 2020)
Keith A. Ligon
Assistant Director
(through June 1, 2020)
Ann McKeehan
Assistant Director
Brent Richards
Assistant Director
Vaishali Sack
Assistant Director
Emily Wells
Assistant Director
(as of November 8, 2020)
Robert Sarama
Assistant Director
Norah M. Barger
Senior Adviser
Robert T. Ashman
Adviser
(through October 1, 2020)
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
Suzanne G. Killian
Senior Associate Director
(through December 1, 2020)
Carol A. Evans
Associate Director
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
Allen Fishbein
Senior Adviser
(through June 1, 2020)
Division of Reserve Bank Operations and Payment Systems
Matthew J. Eichner
Director
Marta E. Chaffee
Senior Associate Director
Gregory L. Evans
Senior Associate Director
Susan V. Foley
Senior Associate Director
Lawrence E. Mize
Senior Associate Director
Michael J. Lambert
Associate Director
(through November 1, 2020)
Jennifer K. Liu
Associate Director
Jennifer A. Lucier
Associate Director
David C. Mills
Associate Director
Timothy W. Maas
Deputy Associate Director
Stuart E. Sperry
Deputy Associate Director
Jeffrey Walker
Deputy Associate Director
Casey Clark
Assistant Director
Sonja Danburg
Assistant Director and Manager
Caio Peixoto
Assistant Director and Manager
(as of May 24, 2020)
Jason Hinkle
Assistant Director
Brian Lawler
Assistant Director
Mark Manuszak
Assistant Director
Travis D. Nesmith
Assistant Director and Chief
Mark J. Olechowski
Assistant Director
Rebecca L. Royer
Assistant Director
Nick Trotta
Assistant Director and Manager
Office of the Chief Operating Officer
Patrick J. McClanahan
Chief Operating Officer
Michael J. Kraemer
Chief Data Officer
(through May 1, 2020)
Katherine Tom
Chief Data Officer
(as of October 11, 2020)
Sheila Clark
Diversity and Inclusion
Programs Director
Andrew Leonard
Associate Director
Phillip C. Daher
Assistant Director
Jeffrey A. Monica
Assistant Director
(through July 1, 2020)
Steven Miranda
Adviser
Michell Clark
Senior Adviser
(through February 1, 2020)
Division of Financial Management
Ricardo Aguilera
Director and Chief
Financial Officer
Stephen J. Bernard
Deputy Director
Monica Y. Manning
Associate Director
(as of November 9, 2020)
Thomas Murphy
Deputy Associate Director
(as of March 2, 2020)
Jeffrey R. Peirce
Associate Director
Karen L. Vassallo
Associate Director
Kimberly Briggs
Assistant Director
Division of Management
Winona Varnon
Director
Tara Tinsley-Pelitere
Senior Associate Director
Tameika L. Pope
Senior Associate Director
and CTO
Curtis B. Eldridge
Senior Associate Director
and Chief
Ann Buckingham
Associate Director
Donna J. Butler
Deputy Associate Director and Chief of Staff (as of January 21, 2020)
Kendra Gastright
Associate Director
Timothy E. Markey
Deputy Associate Director
Reginald V. Roach
Deputy Associate Director
Katherine Perez-Grines
Deputy Associate Director
and Assistant Chief
Keith F. Bates
Assistant Director
Catherine Jack
Assistant Director
Tim Ly
Assistant Director
Jeffrey A. Martin
Assistant Director
(through April 22, 2020)
Stephen E. Pearson
Assistant Director
Jacqueline Raia
Assistant Director
(through August 29, 2020)
Division of Information Technology
Sharon L. Mowry
Director
Lisa M. Bell
Deputy Director
Raymond Romero
Deputy Director
Kofi A. Sapong
Deputy Director
Glenn S. Eskow
Senior Associate Director
Stephen Olden
Senior Associate Director
(as of October 26, 2020)
Sheryl Lynn Warren
Senior Associate Director
Rajasekhar R. Yelisetty
Senior Associate Director
Charles B. Young
Associate Director
William K. Dennison
Deputy Associate Director
Deborah Prespare
Deputy Associate Director
Jonathan F. Shrier
Deputy Associate Director
Eric C. Turner
Deputy Associate Director
Virginia M. Wall
Deputy Associate Director
Brian Lester
Assistant Director
Amy Kelley
Assistant Director
(as of August 16, 2020)
Scott Meyerle
Assistant Director
Can Xuan Nguyen
Assistant Director
Langston Shaw
Assistant Director
Edgar Wang
Assistant Director
Ivan K. Wun
Assistant Director
Marietta Murphy
Adviser
(through August 1, 2020)
Theresa C. Palya
Adviser
Office of Inspector General
Mark Bialek
Inspector General
Fred Gibson
Deputy Inspector General
Gerald Maye
Associate Inspector General
(through May 1, 2020)
Peter Sheridan
Associate Inspector General
Michael VanHuysen
Associate Inspector General
Stephen Carroll
Deputy Associate
Inspector General
Cynthia Gray
Assistant Inspector General
(as of August 30, 2020)
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 2020, the Federal Open Market Committee held eight regularly scheduled and two unscheduled meetings (see appendix B, "Minutes of Federal Open Market Committee Meetings").
Members
Jerome H. Powell
Chair, Board of Governors
John C. Williams
Vice Chairman, President,
Federal Reserve Bank of New York
Michelle W. Bowman
Member, Board of Governors
Lael Brainard
Member, Board of Governors
Richard H. Clarida
Member, Board of Governors
Patrick T. Harker
President, Federal Reserve
Bank of Philadelphia
Robert S. Kaplan
President, Federal Reserve
Bank of Dallas
Neel Kashkari
President, Federal Reserve
Bank of Minneapolis
Loretta J. Mester
President, Federal Reserve
Bank of Cleveland
Randal K. Quarles
Member, Board of Governors
Alternate Members
Thomas Barkin
President, Federal Reserve
Bank of Richmond
Raphael W. Bostic
President, Federal Reserve
Bank of Atlanta
Mary C. Daly
President, Federal Reserve
Bank of San Francisco
Charles L. Evans
President, Federal Reserve
Bank of Chicago
Helen E. Mucciolo
First Vice President, Federal Reserve
Bank of New York
(as of November 11, 2020)
Michael Strine
First Vice President, Federal Reserve
Bank of New York
(through November 10, 2020)
Officers
James A. Clouse
Secretary
Matthew M. Luecke
Deputy Secretary
Michelle A. Smith
Assistant Secretary
Mark E. Van Der Weide
General Counsel
Michael A. Held
Deputy General Counsel
Richard M. Ashton
Assistant General Counsel
Thomas Laubach
Economist
(through September 1, 2020)
Trevor A. Reeve
Economist
(as of October 1, 2020)
Stacey Tevlin
Economist
Beth Anne Wilson
Economist
Shaghil Ahmed
Associate Economist
Michael Dotsey
Associate Economist
Rochelle M. Edge
Associate Economist
(as of October 1, 2020)
Marc P. Giannoni
Associate Economist
Joseph W. Gruber
Associate Economist
Beverly Hirtle
Associate Economist
David E. Lebow
Associate Economist
Ellis W. Tallman
Associate Economist
William L. Wascher
Associate Economist
Mark L.J. Wright
Associate Economist
Lorie K. Logan
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 2020, the council met on February 5–6, May 7–8, September 16–17, and December 2–3. The council met with the Board on February 6, May 7, September 17, and December 3, 2020.
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
James H. Herbert, II
Chairman and Chief Executive Officer, First Republic Bank, San Francisco, CA
Officers
Brian T. Moynihan
President
Jeffrey J. Brown
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 2020, the council met on April 1 and November 19.
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
Douglas S. Gordon
President and Chief Executive Officer, WaterStone Bank, SSB, Wauwatosa, WI
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
Andrew J. Ryback
President and Chief Executive Officer, Plumas Bank, Quincy, CA
Officers
Dorothy A. Savarese
President
T. Michael Price
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 2020, the council met with the Board on for a special meeting on COVID-19 on April 13 and held their regular meetings on May 14 and October 1.
Members
Juan Bonilla
Deputy Director, Lawrence Community Works, Lawrence, MA
Dr. Susan Bradbury
Professor, Community and Regional Planning, Iowa State University, Ames, IA
Tawney Brunsch
Executive Director, Lakota Funds, Kyle, SD
Adrian M. Brooks
CEO, Memorial Community Development Corporation, Evansville, IN
Joshua Downey
President, Denver Area Labor Federation, AFL-CIO, Denver, CO
Donald Hinkle-Brown
President and CEO, Reinvestment Fund, Philadelphia, PA
Barb Lau
Executive Director, Association of Women Contractors, St. Paul, MN
Stephanie Mackay
Chief Innovation Officer, Columbus Community Center, Salt 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
Jonny Price
Director of Business Development, Wefunder, San Francisco, CA
Bethany Sanchez
Fair Lending Director, Metropolitan Milwaukee Fair Housing Council, Milwaukee, WI
Bill Schlesinger
Co-Director, Project Vida, El Paso, TX
Lora Smith
Executive Director, Appalachian Impact Fund, Hazard, KY
Jesse Van Tol
CEO, National Community Reinvestment Coalition, Washington, DC
Officers
Donald Hinkle-Brown
Chair
Marc Norman
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
Paul Glasserman
Professor, Columbia University
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.
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/beigebook2020.htm. Also find the Reserve Bank's financial statements for 2020 at https://www.federalreserve.gov/aboutthefed/files/bostonfinstmt2020.pdf.
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Class A
Michael E. Tucker, 2020
President and Chief Executive Officer, Greenfield Cooperative Bank, Greenfield, MA
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, Providence, RI
Class B
Kimberly Sherman Stamler, 2020, President, Related Beal, Boston, MA
Roger W. Crandall, 2021
Chairman, President, and Chief Executive Officer, MassMutual Financial Group, Springfield, MA
Lizanne Kindler, 2022
Chief Executive Officer, Talbots, Hingham, MA
Class C
Kathleen E. Walsh, 2020
President and Chief Executive Officer, Boston Medical Center, Boston, MA
Phillip L. Clay, 2021
Professor Emeritus of City Planning, Massachusetts Institute of Technology, Cambridge, MA
Christina Hull Paxson, 2022
President, Brown University, Providence, RI
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/beigebook2020.htm. Also find the Reserve Bank's financial statements for 2020 at https://www.federalreserve.gov/aboutthefed/files/newyorkfinstmt2020.pdf.
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Class A
Paul P. Mello, 2020
President and Chief Executive Officer, Solvay Bank, Solvay, NY
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
Class B
Vacancy, 2020
Glenn H. Hutchins, 2021
Chairman, North Island, and Co-Founder, Silver Lake, New York, NY
Adena T. Friedman, 2022
President and Chief Executive Officer, Nasdaq, New York, NY
Class C
Rosa Gil, 2020
Founder, President, and Chief Executive Officer, Comunilife, Inc., New York, NY
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
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/beigebook2020.htm. Also find the Reserve Bank's financial statements for 2020 at https://www.federalreserve.gov/aboutthefed/files/philadelphiafinstmt2020.pdf.
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Class A
Jon S. Evans, 2020
President and Chief Executive Officer, Atlantic Community Bankers Bank, Camp Hill, PA
Timothy Snyder, 2021
President and Chief Executive Officer, Fleetwood Bank, Fleetwood, PA
Christopher D. Maher, 2022
Chairman and Chief Executive Officer, OceansFirst Bank, N.A., Toms River, NJ
Class B
Patricia Hasson, 2020
Retired President and Executive Director, Clarifi, Philadelphia, PA
Julia H. Klein, 2021
Chairwoman and Chief Executive Officer, C. H. Briggs Company, Reading, PA
John Fry, 2022
President, Drexel University, Philadelphia, PA
Class C
Madeline Bell, 2020
President and Chief Executive Officer, The Children's Hospital of Philadelphia–CHOP, Philadelphia, PA
Vacancy, 2021
Anthony Ibarguen, 2022
Chief Executive Officer, Quench USA, Inc., King of Prussia, 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/beigebook2020.htm. Also find the Reserve Bank's financial statements for 2020 at https://www.federalreserve.gov/aboutthefed/files/clevelandfinstmt2020.pdf.
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Class A
Dean J. Miller, 2020
President and Chief Executive Officer, First National Bank of Bellevue, Bellevue, OH
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
Class B
Charles H. Brown, 2020
Retired Executive Adviser, Toyota Motor North America, Erlanger, KY
Valarie L. Sheppard, 2021
Controller, Treasurer, and Executive Vice President-Company Transition Leader, The Procter & Gamble Company, Cincinnati, OH
David Megenhardt, 2022
Executive Director, United Labor Agency, Cleveland, OH
Class C
Doris Carson Williams, 2020
President and Chief Executive Officer, African American Chamber of Commerce of Western Pennsylvania,
Pittsburgh, PA
Dawne S. Hickton, 2021
Executive Vice President and Chief Operating Officer, Critical Mission, Jacobs, Pittsburgh, PA
Dwight E. Smith, 2022
President and Chief Executive Officer, Sophisticated Systems, Inc., Columbus, OH
Cincinnati Branch
Appointed by the Federal Reserve Bank
Alfonso Cornejo, 2020
President, Hispanic Chamber Cincinnati USA, Cincinnati, OH
David C. Evans, 2020
President and Chief Executive Officer, TESSEC LLC, Dayton, OH
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
Appointed by the Board of Governors
Jenell R. Ross, 2020
President, Bob Ross Auto Group, Centerville, OH
Rachid Abdallah, 2021
Chairman and Chief Executive Officer, Jedson Engineering, Cincinnati, OH
Holly B. Wiedemann, 2022
Founder and President, AU Associates, Inc., Lexington, KY
Pittsburgh Branch
Appointed by the Federal Reserve Bank
Audrey Dunning, 2020
President and Chief Executive Officer, AMP Growth Advisors, LLC, Cranberry Township, PA
Robert I. Glimcher, 2020
President, Glimcher Group Inc., Pittsburgh, PA
Vera Krekanova, 2021
Chief Strategy and Research Officer, Allegheny Conference on Community Development, Pittsburgh, PA
Shelley L. Fant, 2022
President and Chief Executive Officer, FCG Solutions, Inc., Pittsburgh, PA
Appointed by the Board of Governors
Suzanne Mellon, 2020
President, Carlow University, Pittsburgh, PA
Dmitri D. Shiry, 2021
Retired Partner Deloitte-Pittsburgh, Deloitte LLP, Pittsburgh, PA
Kathryn Z. Klaber, 2022
Managing Partner, The Klaber Group, Sewickley, 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/beigebook2020.htm. Also find the Reserve Bank's financial statements for 2020 at https://www.federalreserve.gov/aboutthefed/files/richmondfinstmt2020.pdf.
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Class A
Robert R. Hill, Jr., 2020
Chief Executive Officer, South State Corporation, Columbia, SC
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
Class B
Thomas C. Nelson, 2020
Chairman, President, and Chief Executive Officer, National Gypsum Company, Charlotte, NC
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
Class C
Kathy J. Warden, 2020
Chief Executive Officer and President, Northrop Grumman Corporation, Falls Church, VA
Eugene A. Woods, 2021
President and Chief Executive Officer, Atrium Health, Charlotte, NC
Jodie McLean, 2022
Chief Executive Officer, EDENS, Washington, DC
Baltimore Branch
Appointed by the Federal Reserve Bank
Richard Lloyd Willey, 2020
President, Perdue Agribusiness, LLC, Salisbury, MD
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
Appointed by the Board of Governors
Susan J. Ganz, 2020
Chief Executive Officer, Lion Brothers Company, Inc., Owings Mills, MD
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
Charlotte Branch
Appointed by the Federal Reserve Bank
Sepideh Saidi, 2020
President and Chief Executive Officer, SEPI Inc., Raleigh, NC
Michael D. Garcia, 2021
President, Pulp and Paper Division, Domtar Corp., Fort Mill, SC
Jerry L. Ocheltree, 2021
President and Chief Executive Officer, United Bank, Lincolnton, NC
Michael C. Crapps, 2022
President and Chief Executive Officer, First Community Bank, Lexington, SC
Appointed by the Board of Governors
R. Glenn Sherrill, Jr., 2020
Chairman and Chief Executive Officer, SteelFab Inc., Charlotte, NC
Bernette William Mazyck, 2021, President and Chief Executive Officer, South Carolina Association for Community Economic Development, Charleston, SC
Vacancy, 2022
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/beigebook2020.htm. Also find the Reserve Bank's financial statements for 2020 at https://www.federalreserve.gov/aboutthefed/files/atlantafinstmt2020.pdf.
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Class A
Kessel D. Stelling, Jr., 2020
Chairman and Chief Executive Officer, Synovus Financial Corporation, Columbus, GA
Claire W. Tucker, 2021
Chief Executive Officer, CapStar Financial Holdings, Inc., Nashville, TN
Robert W. Dumas, 2022
Chairman, President, and Chief Executive Officer, AuburnBank, Auburn, AL
Class B
Jonathan T.M. Reckford, 2020
Chief Executive Officer, Habitat for Humanity International, Atlanta, GA
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
Class C
Myron A. Gray, 2020
Retired President, U.S. Operations, United Parcel Service, Inc., Atlanta, GA
Claire Lewis Arnold, 2021
Chief Executive Officer, Leapfrog Services, Inc., Atlanta, GA
Elizabeth A. Smith, 2022
Former Executive Chair, Bloomin' Brands, Inc., Tampa, FL
Birmingham Branch
Appointed by the Federal Reserve Bank
Herschell L. Hamilton, 2020
Chief Strategic Officer, BLOC Global Group, Birmingham, AL
David M. Benck, 2021
Vice President and General Counsel, Hibbett Sports, 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
Appointed by the Board of Governors
Nancy C. Goedecke, 2020
Chairman and Chief Executive Officer, Mayer Electric Supply Company, Inc., Birmingham, AL
Christy Thomas, 2021
Chief Financial Officer, Milo's Tea Company, Inc., Bessemer, AL
Merrill H. Stewart, Jr., 2022
President, The Stewart/Perry Company, Inc., Birmingham, AL
Jacksonville Branch
Appointed by the Federal Reserve Bank
William O. West, 2020
Chief Executive Officer, The Bank of Tampa, Tampa, FL
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
President and Chief Executive Officer, Rayonier Advanced Materials, Inc., Jacksonville, FL
Appointed by the Board of Governors
Troy D. Taylor, 2020
Chairman and Chief Executive Officer, Coca-Cola Beverages Florida, LLC, Tampa, FL
Timothy P. Cost, 2021
President, Jacksonville University, Jacksonville, FL
Nicole B. Thomas, 2022
Hospital President, Baptist Medical Center South, Jacksonville, FL
Miami Branch
Appointed by the Federal Reserve Bank
N. Maria Menendez, 2020
Chief Financial Officer, GL Homes of Florida Holding, Sunrise, FL
Victoria E. Villalba, 2020
President and Chief Executive Officer, Victoria & Associates Career Services, Inc., Miami, FL
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
Appointed by the Board of Governors
Keith T. Koenig, 2020
President and Chief Executive Officer, City Furniture, Tamarac, FL
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
Nashville Branch
Appointed by the Federal Reserve Bank
John W. Garratt, 2020
Executive Vice President and Chief Financial Officer, Dollar General, Goodlettsville, TN
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
Appointed by the Board of Governors
Amanda Mathis, 2020
Chief Financial Officer, Bridgestone Americas, Inc., Nashville, TN
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
New Orleans Branch
Appointed by the Federal Reserve Bank
Lampkin Butts, 2020
President and Chief Operating Officer, Sanderson Farms, Inc., Laurel, MS
Katherine A. Crosby, 2021
Board Chair, Fidelity Bank, New Orleans, LA
David T. Darragh, 2021
Operating Partner, LongueVue Capital, Metairie, LA
Toni D. Cooley, 2022
Chief Executive Officer, Systems Companies, Jackson, MS
Appointed by the Board of Governors
Michael E. Hicks, Jr., 2020
President and Chief Executive Officer, Hixardt Technologies, Inc., Pensacola, FL
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
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/beigebook2020.htm. Also find the Reserve Bank's financial statements for 2020 at https://www.federalreserve.gov/aboutthefed/files/chicagofinstmt2020.pdf.
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Class A
Michael O'Grady, 2020
Chairman, President, and Chief Executive Officer, Northern Trust, Chicago, IL
Christopher J. Murphy III, 2021
Chairman and Chief Executive Officer, 1st Source Bank, South Bend, IN
Susan Whitson, 2022
Chief Executive Officer, First National Bank, and President, First of Waverly Corporation, Waverly, IA
Class B
David Cyril Habiger, 2020
President and Chief Executive Officer, J.D. Power, Troy, MI
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
Class C
E. Scott Santi, 2020
Chairman and Chief Executive Officer, Illinois Tool Works Inc., Glenview, IL
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
Detroit Branch
Appointed by the Federal Reserve Bank
Sandy K. Baruah, 2020
President and Chief Executive Officer, Detroit Regional Chamber, Detroit, MI
Sandra E. Pierce, 2020
Chairman & Senior Executive Vice President, Private Client Group and Regional Banking Director, Huntington Michigan, Southfield, MI
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
Appointed by the Board of Governors
Joseph B. Anderson, Jr., 2020
Chairman and Chief Executive Officer, TAG Holdings, LLC, Wixom, MI
James M. Nicholson, 2021
Co-Chairman, PVS Chemicals, Inc., Detroit, MI
Linda P. Hubbard, 2022
President and Chief Operating Officer, Carhartt, Inc., Dearborn, 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/beigebook2020.htm. Also find the Reserve Bank's financial statements for 2020 at https://www.federalreserve.gov/aboutthefed/files/stlouisfinstmt2020.pdf.
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Class A
Elizabeth G. McCoy, 2020
President and Chief Executive Officer, Planters Bank, Hopkinsville, KY
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, Renassant Bank, Tupelo, MS
Class B
John N. Roberts III, 2020
President and Chief Executive Officer, J.B. Hunt Transport Services, Inc., Lowell, AR
Alice K. Houston, 2021
Chief Executive Officer, HJI Supply Chain Solutions, Louisville, KY
Penelope Pennington, 2022
Managing Partner, Edward Jones, St. Louis, MO
Class C
James M. McKelvey, Jr., 2020
Chief Executive Officer, Invisibly, Inc., St. Louis, MO
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
Little Rock Branch
Appointed by the Federal Reserve Bank
Keith Glover, 2020
President and Chief Executive Officer, Producers Rice Mill, Inc., Stuttgart, AR
Karama Neal, 2020
President, Southern Bancorp Community Partners, Little Rock, AR
Jeff Lynch, 2021
President and Chief Executive Officer, Eagle Bank and Trust, Little Rock, AR
R. Andrew Clyde, 2022
President and Chief Executive Officer, Murphy USA Inc., El Dorado, AR
Appointed by the Board of Governors
Vickie D. Judy, 2020
Chief Financial Officer and Vice President, America's Car-Mart, Inc, Bentonville, AR
Jamie Henry, 2021
Vice President Finance, Emerging Payments, Walmart Inc., Bentonville, AR
Millie A. Ward, 2022
President, Stone Ward, Little Rock, AR
Louisville Branch
Appointed by the Federal Reserve Bank
Tara England Barney, 2020
President and Chief Executive Officer, Southwest Indiana Chamber of Commerce, Evansville, IN
Blake B. Willoughby, 2020
President, First Breckinridge Bancshares, Inc., Irvington, KY
Ben Reno-Weber, 2021
Project Director, Greater Louisville Project, Louisville, KY
Patrick J. Glotzbach, 2022
Director, New Independent Bancshares, Inc., Charlestown, IN
Appointed by the Board of Governors
Sadiqa N. Reynolds, 2020
President and Chief Executive Officer, Louisville Urban League, Louisville, KY
Emerson M. Goodwin, 2021
Vice President of Operations, ARcare d/b/a KentuckyCare, Paducah, KY
David Tatman, 2022
Director of Engineering, Bendix Spicer Foundation Brake, LLC, Bowling Green, KY
Memphis Branch
Appointed by the Federal Reserve Bank
Michael E. Cary, 2020
President and Chief Executive Officer, Carroll Bank and Trust, Huntingdon, TN
Michael Ugwueke, 2020
President and Chief Executive Officer, Methodist Le Bonheur Healthcare, Memphis, TN
Beverly Crossen, 2021
Owner, Farmhouse Tupelo, Tupelo, MS
R. Davy Carter, 2022
Regional President, Home BancShares, Inc., Jonesboro, AR
Appointed by the Board of Governors
David T. Cochran, Jr., 2020
Partner, CoCo Planting Co., Avon, MS
Eric D. Robertson, 2021
President, Community LIFT Corporation, Memphis, TN
Katherine Buckman Gibson, 2022, Chief Executive Officer, KBG Technologies, LLC, 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/beigebook2020.htm. Also find the Reserve Bank's financial statements for 2020 at https://www.federalreserve.gov/aboutthefed/files/minneapolisfinstmt2020.pdf.
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Class A
Thomas W. Armstrong, 2020
Senior Vice President/Market President, Forward Bank, Park Falls, WI
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
Class B
Kathleen Neset, 2020
President, Neset Consulting Service, Tioga, ND
Sarah Walsh, 2021
Chief Operating Officer, PayneWest Insurance, Helena, MT
David R. Emery, 2022
Executive Chairman, Retired, Black Hills Corporation, Rapid City, South Dakota
Class C
Srilata Zaheer, 2020
Dean, Carlson School of Management, University of Minnesota, Minneapolis, MN
Harry D. Melander, 2021
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
Helena Branch
Appointed by the Federal Reserve Bank
William E. Coffee, 2020
Chief Executive Officer, Stockman Financial Corporation, Billings, MT
Jason Adams, 2021
Chief Financial Officer, Energy Keepers, Inc., Polson, MT
Mary Rutherford, 2022
President and Chief Executive Officer, Montana Community Foundation, Helena, MT
Appointed by the Board of Governors
Norma Nickerson, 2020
Director, Institute for Tourism & Recreation Research, University of Montana, Missoula, MT
Bobbi Wolstein, 2021
Chief Financial Officer, LHC, Inc., Kalispell, 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/beigebook2020.htm. Also find the Reserve Bank's financial statements for 2020 at https://www.federalreserve.gov/aboutthefed/files/kansascityfinstmt2020.pdf.
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Class A
Patricia J. Minard, 2020
Chairman, President, and Chief Executive Officer, Southwest National Bank, Wichita, KS
Kyle Heckman, 2021
Chairman, President, and Chief Executive Officer, Flatirons Bank, Boulder, CO
Gregory Hohl, 2022
Chairman and President, Wahoo State Bank, Wahoo, NE
Class B
Lilly Marks, 2020
Vice President for Health Affairs, University of Colorado and Anschutz Medical Campus, Aurora, CO
Brent A. Stewart, Sr., 2021
President and Chief Executive Officer, United Way of Greater Kansas City, Kansas City, MO
Douglas J. Stussi, 2022
Executive Vice President and Managing Director, Love Family Office, Oklahoma City, OK
Class C
James C. Farrell, 2020
President, Farrell Growth Group LLC, Omaha, NE
Edmond Johnson, 2021
President and Owner, Premier Manufacturing, Inc., Frederick, CO
Patrick A. Dujakovich, 2022
President, Greater Kansas City AFL-CIO, Kansas City, MO
Denver Branch
Appointed by the Federal Reserve Bank
Ashley J. Burt, 2020
President and Chief Executive Officer, The Gunnison Bank and Trust Company, Gunnison, CO
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
Appointed by the Board of Governors
Navin Dimond, 2020
Chief Executive Officer, Stonebridge Companies, Denver, CO
Jacqueline Baca, 2021
President, Bueno Foods, Albuquerque, NM
Taryn Christison, 2022
Owner, Zimmerman Metals, Denver, CO
Oklahoma City Branch
Appointed by the Federal Reserve Bank
Brady Sidwell, 2020
Owner and Principal, Sidwell Strategies, LLC, Enid, OK
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
President and Chief Financial Officer, The First State Bank, Oklahoma City, OK
Appointed by the Board of Governors
Katrina Washington, 2020
Owner, Stratos Realty Group, Oklahoma City, OK
Tina Patel, 2021
Chief Financial Officer, Promise Hotels, Inc., Tulsa, OK
Dana S. Weber, 2022
Chief Executive Officer and Chairman of the Board, Webco Industries, Inc., Sand Springs, OK
Omaha Branch
Appointed by the Federal Reserve Bank
Dwayne W. Sieck, 2020
President, Middle Market Banking, CIT, Omaha, NE
Thomas J. Henning, 2021
President and Chief Executive Officer, Cash-Wa Distributing Co., Kearney, NE
Zac Karpf, 2021
Chief Operating Officer, Platte Valley Bank, Scottsbluff, NE
Annette Hamilton, 2022
Chief Operating Officer, Ho-Chunk, Inc., Winnebago, NE
Appointed by the Board of Governors
Eric L. Butler, 2020
Retired Executive Vice President and Chief Administrative Officer, Union Pacific Railroad, Omaha, NE
Kimberly A. Russel, 2021
Chief Executive Officer, Russel Advisors, Lincoln, NE
L. Javier Fernandez, 2022
Chief Financial Officer, Omaha Public Power District, 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/beigebook2020.htm. Also find the Reserve Bank's financial statements for 2020 at https://www.federalreserve.gov/aboutthefed/files/dallasfinstmt2020.pdf.
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Class A
Christopher C. Doyle, 2020
President and Chief Executive Officer, Texas First Bank, Texas City, TX
Kelly A. Barclay, 2021
President and Chief Executive Officer, Ozona National Bank, Wimberly, TX
Joe Quiroga, 2022
President, Texas National Bank, Edinburg, TX
Class B
Gerald B. Smith, 2020
Chairman and Chief Executive Officer, Smith, Graham & Company Investment Advisors, L.P., Houston, TX
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
Class C
Claudia Aguirre, 2020
President and Chief Executive Officer, BakerRipley, Houston, TX
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
El Paso Branch
Appointed by the Federal Reserve Bank
Sally A. Hurt-Deitch, 2020
Group CEO Mid-South, Memphis Market CEO, and St. Francis Hospital CEO, Tenet Healthcare, El Paso, TX
Teresa O. Molina, 2020
President, First New Mexico Bank, Deming, NM
William Serrata, 2021
President, El Paso Community College, El Paso, TX
Von C. Washington, Sr., 2022
President, IDA Technology, El Paso, TX
Appointed by the Board of Governors
Richard D. Folger, 2020
Managing General Partner, Colbridge Partners Ltd., Midland, TX
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
Houston Branch
Appointed by the Federal Reserve Bank
Albert Chao, 2020
President and Chief Executive Officer, Westlake Chemical Corporation and Westlake Chemical Partners GP LLC, Houston, TX
Gina Luna, 2020
Chief Executive Officer, Luna Strategies, LLC, Houston, TX
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
Appointed by the Board of Governors
Ruth J. Simmons, 2020
President, Prairie View A&M University, Prairie View, TX
Janiece Longoria, 2021
Vice Chairman, UT Board of Regents, and Former Chairman, Port of Houston Authority, Houston, TX
Darryl L. Wilson, 2022
President and Founder, The Wilson Collective, Houston, TX
San Antonio Branch
Appointed by the Federal Reserve Bank
Robert L. Lozano, 2020
President, F&P Brands, Pharr, TX
Tyson Tuttle, 2020
President and Chief Executive Officer, Silicon Labs, Austin, TX
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
Appointed by the Board of Governors
Paula Gold-Williams, 2020
President and Chief Executive Officer, CPS Energy, San Antonio, TX
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
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/beigebook2020.htm. Also find the Reserve Bank's financial statements for 2020 at https://www.federalreserve.gov/aboutthefed/files/sanfranciscofinstmt2020.pdf.
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Class A
S. Randolph Compton, 2020
Chief Executive Officer and Co-Chair of the Board, Pioneer Trust Bank, N.A., Salem, OR
Greg Becker, 2021
President and Chief Executive Officer, SVB Financial Group, Chief Executive Officer, Silicon Valley Bank,
Santa Clara, CA
Richard M. Sanborn, 2022
Retired President and Chief Executive Officer, Seacoast Commerce Bank, San Diego, CA
Class B
Tamara L. Lundgren, 2020
Chairman, President, and Chief Executive Officer, Schnitzer Steel Industries, Inc., Portland, OR
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
Class C
Rosemary Turner, 2020
Retired President, North California District, United Parcel Service, Inc., Oakland, CA
David P. White, 2021
National Executive Director, SAG-AFTRA, Los Angeles, CA
Barry M. Meyer, 2022
Retired Chairman and Chief Executive Officer, Warner Bros., Founder and Chairman, North Ten Mile Associates,
Los Angeles, CA
Los Angeles Branch
Appointed by the Federal Reserve Bank
Carl J.P. Chang, 2020
Chief Executive Officer, Redwood-Kairos Real Estate Partners and Pieology Pizzeria, Rancho Santa Margarita, CA
Maritza Diaz, 2021
Chief Executive Officer, iTjuana, San Marcos, CA
Luis Faura, 2021
President and Chief Executive Officer, C&F Foods, Inc., City of Industry, CA
Steven W. Streit, 2022
Chief Innovation Officer, Green Dot Bank and Green Dot Corporation, Pasadena, CA
Appointed by the Board of Governors
Robert H. Gleason, 2020
President and Chief Executive Officer, Evans Hotels, San Diego, CA
Anita V. Pramoda, 2021
Chief Executive Officer, Owned Outcomes, Las Vegas, NV
Vacancy, 2022
Portland Branch
Appointed by the Federal Reserve Bank
Hilary K. Krane, 2020
Executive Vice President, Chief Administrative Officer, and General Counsel, Nike, Inc., Beaverton, OR
Cheryl R. Nester Wolfe, 2020
President and Chief Executive Officer, Salem Health Hospital and Clinics, Salem, OR
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
Appointed by the Board of Governors
Charles A. Wilhoite, 2020
Managing Director, Willamette Management Associates, Portland, OR
Gale Castillo, 2021
President, Cascade Centers, Inc., Portland, OR
Anne C. Kubisch, 2022
President and Chief Executive Officer, The Ford Family Foundation, Roseburg, OR
Salt Lake City Branch
Appointed by the Federal Reserve Bank
Jas Krdzalic, 2020
President and Chief Executive Officer, Bodybuilding.com, Boise, ID
Park Price, 2020
Chief Executive Officer Emeritus and Chairman, Bank of Idaho, Idaho Falls, ID
O. Randall Woodbury, 2021
President and Chief Executive Officer, Woodbury Corporation, Salt Lake City, UT
Deneece Huftalin, 2022
President, Salt Lake Community College, Tayorsville, UT
Appointed by the Board of Governors
Patricia R. Richards, 2020
Retired President and Chief Executive Officer, SelectHealth, Inc., Murray, UT
Thomas K. Corrick, 2021
Chief Executive Officer, Boise Cascade Company, Boise, ID
Russell A. Childs, 2022
Chief Executive Officer and President, SkyWest, Inc., St. George, UT
Seattle Branch
Appointed by the Federal Reserve Bank
Carol Gore, 2020
President and Chief Executive Officer, Cook Inlet Housing Authority, Anchorage, AK
Laura Lee Stewart, 2020
President and Chief Executive Officer, Sound Community Bank and Sound Financial Bancorporation, Seattle, WA
Cheryl B. Fambles, 2021
Chief Executive Officer, Pacific Mountain Workforce Development Council, Tumwater, WA
Robert C. Donegan, 2022
President, Ivar's Inc., Seattle, WA
Appointed by the Board of Governors
Elaine S. Couture, 2020
Executive Vice President and Chief Executive Officer, Washington and Montana Region, Providence St. Joseph Health, Spokane, WA
West Mathison, 2021
President, Stemilt Growers, LLC, Wenatchee, WA
Craig Dawson, 2022
President and Chief Executive Officer, Retail Lockbox, Inc., Seattle, 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
Phillip L. Clay, Chair
Christina Hull Paxson, Deputy Chair
Eric S. Rosengren, President and Chief Executive Officer
Kenneth C. Montgomery, First Vice President and Chief Operating Officer
New York
Denise Scott, Chair
Rosa Gil, Deputy Chair
John C. Williams, President and Chief Executive Officer
Helen Mucciolo, Acting 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
Dawne S. Hickton, Chair
Dwight E. Smith, Deputy Chair
Loretta J. Mester, President and Chief Executive Officer
Gregory L. Stefani, First Vice President and Chief Operating Officer
Cincinnati
Jenell R. Ross, Chair
Rick Kaglic, Vice President and Senior Regional Officer
Pittsburgh
Dmitri D. Shiry, Chair
Mekael Teshome, Vice President and Senior Regional Officer
Richmond
Kathy J. Warden, Chair
Eugene A. Woods, Deputy Chair
Thomas I. Barkin, President and Chief Executive Officer
Becky Bareford, First Vice President and Chief Operating Officer
Baltimore
Susan J. Ganz, 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
Myron A. Gray, Chair
Elizabeth A. Smith, 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
Troy D. Taylor, Chair
Christopher L. Oakley, Vice President and Regional Executive
Miami
Keith T. Koenig, Chair
Karen Gilmore, 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
Wright L. Lassiter, III, 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
Vickie D. Judy, Chair
Robert Hopkins, Senior Vice President and Regional Executive
Louisville
Emerson M. Goodwin, Chair
Nikki R. Lanier, Senior Vice President and Regional Executive
Memphis
David T. Cochran, Jr., 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 Feldman, First Vice President
Helena
Norma Nickerson, Chair
Kansas City
James C. Farrell, Chair
Edmond Johnson, Deputy Chair
Esther L. George, President and Chief Executive Officer
Kelly J. Dubbert, First Vice President and Chief Operating Officer
Denver
Taryn Christison, 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
Robert S. Kaplan, President and Chief Executive Officer
Meredith N. Black, First Vice President and Chief Operating Officer
El Paso
Richard D. Folger, 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
Blake Hastings, Senior Vice President in Charge
San Francisco
Barry M. Meyer, Chair
Rosemary Turner, Deputy Chair
Mary C. Daly, President and Chief Executive Officer
Mark A. Gould, First Vice President and Chief Operating Officer
Additional office at Phoenix, AZ
Los Angeles
Anita V. Pramoda, Chair
Roger W. Replogle, Executive Vice President and Regional Executive
Portland
Charles A. Wilhoite, Chair
Lynn Jorgensen, Vice President and Regional Executive
Salt Lake City
Russell A. Childs, Chair
Becky Potts, Vice President and Regional Executive
Seattle
Craig Dawson, 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 6, 2020, October 6 and 9, 2020, and November 10, 2020. The conference's executive committee members for 2020 are listed below.6
Conference of Chairs Executive Committee—2020
Dawne S. Hickton, Chair, Federal Reserve Bank of Cleveland
Phillip L. Clay, Vice Chair, Federal Reserve Bank of Boston
Greg L. Armstrong, Member, Federal Reserve Bank of Dallas
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 2020 are listed below.
Conference of Presidents—2020
Charles L. Evans, Chair, Federal Reserve Bank of Chicago
James B. Bullard, Vice Chair, Federal Reserve Bank of St. Louis
Keri Trolson, Secretary, Federal Reserve Bank of Chicago
Douglas Scarboro, Assistant Secretary, Federal Reserve Bank of St. Louis
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 2020 are listed below.7
Conference of First Vice Presidents—2020
Kelly J. Dubbert, Chair, Federal Reserve Bank of Kansas City
Michael Strine, Vice Chair, Federal Reserve Bank of New York
Laura Forman, Secretary, Federal Reserve Bank of New York
Joshua Silverstein, Assistant Secretary, Federal Reserve Bank of Philadelphia
Footnotes
1. Brian M. Doyle served as an adviser to Vice Chair Clarida through April 2020 and was replaced by Chiara Scotti. Return to text
2. Chiara Scotti replaced Brian M. Doyle as an adviser to Vice Chair Clarida in April 2020. Return to text
3. Eric C. Engstrom served as a deputy associate director in Monetary Affairs and Research and Statistics. Return to text
4. Antulio Bonfim also served as an adviser to Governor Bowman in 2020. Return to text
5. Eric C. Engstrom served as a deputy associate director in Monetary Affairs and Research and Statistics. Return to text
6. On November 10, 2020, the Conference of Chairs elected Greg L. Armstrong, chair of the Federal Reserve Bank of Dallas, as chair of the conference's executive committee for 2021. The conference also elected Elizabeth Smith, deputy chair of the Federal Reserve Bank of Atlanta, as vice chair, and Eugene A. Woods, deputy chair of the Federal Reserve Bank of Richmond, as the executive committee's third member. Return to text
7. On December 8, 2020, the conference elected James Narron, Federal Reserve Bank of Philadelphia, as chair for 2021 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