Board of Governors of the Federal Reserve System

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 2022.

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 2022. 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

Lael Brainard
Vice Chair (as of May 23, 2022)

Richard H. Clarida
Vice Chair (through January 14, 2022)

Michael S. Barr
Vice Chair for Supervision (as of July 19, 2022)

Michelle W. Bowman

Lisa D. Cook (as of May 23, 2022)

Philip N. Jefferson(as of May 23, 2022)

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 (through October 1, 2022)

Jennifer C. Gallagher
Special Assistant to the Board
for Congressional Liaison

Terrence E. Fischer
Special Assistant to Board for Public Information (as of June 19, 2022)
 

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

Jean C. Anderson
Deputy General Counsel

Richard M. Ashton
Deputy General Counsel

Charles C. Gray
Deputy General Counsel

Reena Sahni
Associate General Counsel

Alvin D. 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 (through March 1, 2022)

Sean D. Croston
Assistant General Counsel (as of June 5, 2022)

Jason A. Gonzalez
Assistant General Counsel

Asad L. Kudiya³
Assistant General Counsel

Jay R. Schwartz⁴
Assistant General Counsel

Dafina V. Stewart⁵
Assistant General Counsel (as of January 3, 2022)

Evan H. Winerman
Assistant General Counsel (as of January 16, 2022)

Office of the Secretary

Ann Misback
Secretary of the Board

Margaret M. Shanks
Deputy Secretary

Yao-Chin Chao
Deputy Associate Secretary

Michele T. Fennell
Deputy Associate Secretary

Division of International Finance

Beth Anne Wilson
Director

Shaghil Ahmed
Deputy Director

Stephanie E. Curcuru
Deputy Director

Sally M. Davies
Deputy Director

Brian M. Doyle
Deputy Director

Carol C. Bertaut
Senior Associate Director

James A. Dahl
Senior Associate Director

Paul R. Wood
Senior Associate Director

Matteo Iacoviello
Associate Director

Andrea Raffo
Associate Director (through August 20, 2022)

Jason J. Wu
Associate Director

Daniel Beltran
Deputy Associate Director

Viktors Stebunovs
Deputy Associate Director

Robert J. Vigfusson
Deputy Associate Director (through February 1, 2022)

Dario Caldara
Assistant Director (as of September 11, 2022)

Andrea De Michelis
Assistant Director

Jasper J. Hoek
Assistant Director

Seung Jung Lee
Assistant Director

Emre Yoldas
Assistant Director

Brett D. Berger
Senior Adviser

Ricardo Correa
Senior Adviser

Martin R. Bodenstein
Adviser (as of September 11, 2022)

Division of Financial Stability

Andreas W. Lehnert
Director

Michael T. Kiley
Deputy Director

William F. Bassett
Senior Associate Director

Elizabeth C. Klee
Senior Associate Director

John W. Schindler
Senior Associate Director

Skander J. Van den Heuvel
Associate Director

Luca Guerrieri
Deputy Associate Director

Namirembe E. Mukasa
Deputy Associate Director and
Chief of Staff

Chiara Scotti⁶
Deputy Associate Director

David Arseneau
Assistant Director

Ceyhun Durdu
Assistant Director

Mona T. Elliot
Senior Adviser (through October 22, 2022)

Adele Cecile Morris
Senior Adviser

Andrew M. Cohen
Adviser

 

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

Min Wei
Senior Associate Director

Eric C. Engstrom⁷
Associate Director

Christopher J. Gust
Associate Director

Karen L. Brooks
Deputy Associate Director

Laura Lipscomb⁸
Deputy Associate Director

Zeynep Senyuz
Deputy Associate Director

Rebecca E. Zarutskie⁹
Deputy Associate Director

Brian Bonis
Assistant Director

Giovanni Favara
Assistant Director

Etienne Gagnon
Assistant Director

Dan Li
Assistant Director

Elizabeth L. Marx
Assistant Director

Andrew C. Meldrum
Assistant Director (as of January 16, 2022)

Antulio Bomfim
Senior Adviser (through September 1, 2022)

Jane E. Ihrig¹⁰
Senior Adviser

Don H. Kim
Senior Adviser

Edward M. Nelson
Senior Adviser

Robert J. Tetlow
Senior Adviser

Annette Vissing-Jorgensen
Senior Adviser

Mark A. Carlson
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 E. 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

Byron F. Lutz
Deputy Associate Director

Patrick E. McCabe
Deputy Associate Director

Raven S. Molloy
Deputy Associate Director

Norman J. Morin
Deputy Associate Director

Karen M. Pence
Deputy Associate Director

Shane M. Sherlund
Deputy Associate Director

Lillian Shewmaker
Deputy Associate Director (through March 1, 2022)

Paul A. Smith
Deputy Associate Director

Deborah M. Flores
Assistant Director

Karen Krugman
Assistant Director

Giovanni G. Amisano
Assistant Director

Shawn M. Bruckner
Assistant Director

Celso Brunetti
Assistant Director

Marco Cagetti
Assistant Director

Paul A. Lengermann
Assistant Director

Geng Li
Assistant Director

Binoy K. Agarwal
Assistant Director and Chief (as of May 22, 2022)

Christopher J. Kurz
Assistant Director and Chief (as of May 22, 2022)

Kevin B. Moore
Assistant Director

Matthias Paustian
Assistant Director

Gustavo Suarez
Assistant Director

Clara Vega¹¹
Assistant Director

S. Wayne Passmore
Senior Adviser

Jeremy Rudd
Senior Adviser

Steven A. Sharpe
Senior Adviser

Wendy E. Dunn
Adviser

Charles Fleischman
Adviser

Division of Supervision and Regulation

Michael S. Gibson
Director

Jennifer J. Burns
Deputy Director

Kate M. Fulton
Deputy Director

Arthur W. Lindo
Deputy Director

Mary L. Aiken
Senior Associate Director

Marta Chaffee
Senior Associate Director

Molly E. Mahar
Senior Associate Director

Richard N. Ragan
Senior Associate Director

Lisa H. Ryu
Senior Associate Director

Thomas R. Sullivan
Senior Associate Director

Todd A. Vermilyea
Senior Associate Director

Kevin M. Bertsch
Associate Director

Nida Davis
Associate Director (through April 1, 2022)

Christopher Finger
Associate Director

Jeffery W. Gunther
Associate Director

Anna L. Hewko
Associate Director

Shannon M. Kelly
Associate Director

Richard A. Naylor II
Associate Director

Uzma Wahhab
Associate Director

John Beebe
Deputy Associate Director

Karen A. Caplan
Deputy Associate Director

James Diggs
Deputy Associate Director

Mona T. Elliot
Deputy Associate Director (through January 15, 2022)

Christine E. Graham¹²
Deputy Associate Director

Constance M. Horsley
Deputy Associate Director (through July 1, 2022)

Kavita Jain
Deputy Associate Director

Kathleen W. Johnson
Deputy Associate Director

Ryan P. Lordos
Deputy Associate Director

Lara K. Lylozian
Deputy Associate Director/
Chief Accountant

David K. Lynch
Deputy Associate Director

Susan E. Motyka
Deputy Associate Director (through September 1, 2022)

T. Kirk Odegard
Deputy Associate Director

Vaishali D. Sack
Deputy Associate Director

Robert F. Sarama¹³
Deputy Associate Director

Steven M. Spurry
Deputy Associate Director

Catherine A. Tilford
Deputy Associate Director

Donna J. Webb
Deputy Associate Director

Suzanne L. Williams
Deputy Associate Director

Kathryn L. Ballintine
Assistant Director (as of October 9, 2022)

Dana L. Burnett
Assistant Director

Anthony B. Cain
Assistant Director

Juan C. Climent¹⁴
Assistant Director

Keith J. Coughlin
Assistant Director

Eric L. Kennedy
Assistant Director

Elizabeth K. MacDonald
Assistant Director (as of July 3, 2022)

Brent Richards
Assistant Director

April C. Snyder
Assistant Director (as of July 3, 2022)

Emily P. Wells
Assistant Director

Norah M. Barger
Senior Adviser

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 (through August 1, 2022)

Benjamin K. Olson
Senior Associate Director

Drew D. Kohan
Associate Director (as of June 21, 2022)

Joseph A. Firschein
Associate Director

Phyllis L. Harwell
Associate Director

Marisa A. Reid
Associate Director

David E. Buchholz
Deputy Associate Director

Angelyque Campbell¹⁵
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

Susan V. Foley
Deputy Director

Gregory L. Evans
Senior Associate Director

Jennifer K. Liu
Senior Associate Director

Jennifer A. Lucier
Senior Associate Director

David C. Mills
Senior Associate Director

Lawrence E. Mize
Senior Associate Director (through August 1, 2022)

Brian A. Lawler
Associate Director

Rebecca L. Royer
Associate Director

Stuart E. Sperry
Associate Director

Jeffrey D. Walker
Associate Director

Casey H. Clark
Deputy Associate Director

Sonja R. Danburg
Deputy Associate Director

Jason A. Hinkle
Deputy Associate Director

Mark D. Manuszak
Deputy Associate Director

Mark J. Olechowski
Deputy Associate Director (through July 1, 2022)

Caio P. Peixoto
Deputy Associate Director

Shannon Hulsandra
Assistant Director/Manager (as of April 24, 2022)

Travis D. Nesmith
Assistant Director and Chief

Edward L. Anderson
Assistant Director (as of February 27, 2022)

Emily A. Caron
Assistant Director (as of February 27, 2022)

Ian D. Spear
Assistant Director (as of January 2, 2022)

Nick Trotta
Assistant Director (through July 1, 2022)

Timothy W. Maas
Senior Adviser

Office of the Chief Operating Officer

Patrick J. McClanahan
Chief Operating Officer

Katherine Tom
Chief Data Officer

Sheila Clark
Chief Diversity Officer

Phillip C. Daher
Associate Director

Andrew Leonard
Associate Director

Division of Financial Management

Ricardo Aguilera
Director and Chief
Financial Officer

Stephen J. Bernard
Deputy Director

Monica Y. Manning
Associate Director

Thomas Murphy
Associate Director

Jeffrey R. Peirce
Associate Director

Karen L. Vassallo
Associate Director

Kimberly Briggs
Deputy Associate 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

Reginald V. Roach
Associate Director

Donna J. Butler
Deputy Associate Director and Chief of Staff

Catherine Jack
Deputy Associate Director

Tim Ly
Deputy Associate Director

Timothy E. Markey
Deputy Associate Director

Stephen E. Pearson
Deputy Associate Director

Katherine Perez
Deputy Associate Director
and Assistant Chief, LEU (through October 1, 2022)

Lewis Andrews
Assistant Director

Stewart A. Carroll
Assistant Director

Leah Middleton
Assistant Director

Division of Information Technology

Sharon L. Mowry
Director

Andrew V. Krug
Deputy Director (as of
August 15, 2022)

Stephen Olden
Deputy Director

Raymond Romero
Deputy Director (through July 1, 2022)

Kofi A. Sapong
Deputy Director

Glenn S. Eskow
Senior Associate Director

Deborah Prespare
Senior Associate Director

Sheryl Lynn Warren
Senior Associate Director

Rajasekhar R. Yelisetty
Senior Associate Director

Charles B. Young
Senior Associate Director

William K. Dennison
Deputy Associate Director

Can Xuan Nguyen
Deputy Associate Director

Jonathan F. Shrier
Deputy Associate Director

Virginia M. Wall
Deputy Associate Director

Edgar Wang
Deputy Associate Director

Ivan K. Wun
Deputy Associate Director

Herman Ip
Assistant Director (as of May 8, 2022)

Amy Kelley
Assistant Director

Brian Lester
Assistant Director

Scott Meyerle
Assistant Director

Nischala N. Nimmakayala
Assistant Director (as of
January 31, 2022)

Langston Shaw
Assistant Director

Fred Vu
Assistant Director

Office of Inspector General

Mark Bialek
Inspector General

Fred Gibson
Deputy Inspector General

Cynthia Gray
Deputy Associate Inspector General

Stephen Carroll
Associate Inspector General

Jason A. Derr
Assistant Inspector General (as of October 9, 2022)

Jina Hwang
Assistant Inspector General (as of October 9, 2022)

Peter Sheridan
Associate Inspector General (through August 1, 2022)

Michael VanHuysen
Associate 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 2022, 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

Michael S. Barr
Member, Board of Governors (as of July 19, 2022)

Michelle W. Bowman
Member, Board of Governors

Lael Brainard
Member, Board of Governors

James Bullard
President, Federal Reserve Bank of St. Louis

Susan M. Collins
President, Federal Reserve Bank of Boston (as of July 1, 2022)

Lisa D. Cook
Member, Board of Governors (as of May 23, 2022)

Esther L. George
President, Federal Reserve Bank of Kansas City

Philip N. Jefferson
Member, Board of Governors (as of May 23, 2022)

Loretta J. Mester
President, Federal Reserve Bank of Cleveland

Christopher J. Waller
Member, Board of Governors

 

Alternate Members

Meredith Black
Interim President, Federal Reserve Bank of Dallas (through
August 21, 2022)

Charles L. Evans
President, Federal Reserve Bank of Chicago

Patrick Harker
President, Federal Reserve Bank of Philadelphia

Naureen Hassan
First Vice President, Federal Reserve
Bank of New York
(through July 17, 2022)

Lorie K. Logan
President, Federal Reserve Bank of Dallas (as of August 22, 2022)

Neel Kashkari
President, Federal Reserve Bank of Minneapolis

Helen E. Mucciolo
Interim First Vice President, Federal Reserve Bank of New York (as of
July 18, 2022)

Officers

James A. Clouse
Secretary

Matthew M. Luecke
Deputy Secretary

Brian J. Bonis
Assistant Secretary

Michelle A. Smith
Assistant Secretary

Mark E. Van Der Weide
General Counsel

Michael Held
Deputy General Counsel (through April 7, 2022)

Richard Ostrander
Deputy General Counsel (as of December 13, 2022)

Richard M. Ashton
Assistant General Counsel

Trevor A. Reeve
Economist

Stacey Tevlin
Economist

Beth Anne Wilson
Economist

Shaghil Ahmed
Associate Economist

Brian M. Doyle
Associate Economist

Carlos Garriga
Associate Economist

Joseph W. Gruber
Associate Economist

Beverly Hirtle
Associate Economist

David E. Lebow
Associate Economist

Ellis W. Tallman
Associate Economist

Geoffrey Tootell
Associate Economist

William L. Wascher
Associate Economist

Lorie K. Logan
Manager, System Open
Market Account (through August 21, 2022)

Patricia Zobel
Deputy Manager, System Open Market Account (through August 21, 2022); Manager pro tem, System Open Market Account (as of
August 22, 2022)

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 2022, the council met on February 2–3, May 11–12, September 7–8, and November 30–December 1. The council met with the Board on February 3, May 12, September 8, and December 1, 2022.

Members

District 1

Ronald P. O'Hanley
Chairman and Chief Executive Officer, State Street Corporation, Boston, MA

District 2

Marianne Lakes
Co-CEO of Consumer & Community Banking, JPMorgan Chase & Co.,
New York, 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

David R. Casper
Chairman and Chief Executive Officer, BMO Harris Bank, Chicago, IL

District 8

D. Bryan Jordan
President and Chief Executive Officer, First Horizon Corporation, Memphis, TN

District 9

Andrew Cecere
Chairman, President, and Chief Executive Officer, U.S. Bancorp, Minneapolis, MN

District 10

Jill Castilla
President and Chief Executive Officer, Citizens Bank of Edmond, Edmond, OK

District 11

David Zalman
Senior Chairman and Chief Executive Officer, Prosperity Bancshares/Prosperity Bank, El Campo, TX

District 12

Nandita Bakhshi
President and Chief Executive Officer, Bank of the West, San Francisco, CA

Officers

D. Bryan Jordan
President

Rajinder P. Singh
Vice President

Herb Taylor
Secretary

Luba Romanyuk
Deputy 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 2022, the council met on April 7 and November 17.

Members

District 1

Kathryn G. Underwood
Chairman, President, Ledyard National Bank, Hanover, NH

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

Chuck Sulerzyski
President and Chief Executive Officer, Peoples Bank, Marietta, OH

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

Melodie Carlson
Chief Operating Officer, Sunrise Banks, St. Paul, MN

District 10

Kim DeVore
President and Chief Executive Officer, Jonah Bank of Wyoming, Casper, WY

District 11

Tracy Harris
President and Chief Executive Officer, National Bank & Trust, La Grange, TX

District 12

Janet Silveria
President and Chief Executive Officer, Community Bank of Santa Maria, Santa Maria, CA

Officers

David R. Melville, III
President

Jeane M. Vidoni
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 2022, the council met with the Board on May 19 and October 20.

Members

Ivye Allen
President, Foundation for the Mid South, Jackson MS

Daniel Betancourt
President and CEO, Community First Fund, Lancaster, PA

Dr. Susan Bradbury
Professor, Community and Regional Planning, Iowa State University,
Ames, IA

Tawney Brunsch
Executive Director, Lakota Funds,
Kyle, SD

Melanie Hogan
Executive Director, Linking Employment, Abilities, and Potential (LEAP), Cleveland, OH

Chan U Lee
President and CEO, Devine & Gong, Inc., Oakland, CA

Darlene Lombos
Executive Secretary-Treasurer, Boston Labor Council, Boston, MA

Stephanie Mackay
Board Member, Switchpoint Community Resource CenterSalt Lake City, UT

Christie McCravy
Executive Director, Louisville Metro Affordable Housing Trust Fund, Louisville, KY

Dr. Laura Murillo
President and CEO, Houston Hispanic Chamber of Commerce, Houston, TX

Ceyl Prinster
President and CEO, Colorado Enterprise Fund, Denver, CO

Eric Robertson
Executive Director, The Formanek Foundation, Memphis, TN

Bill Schlesinger
Co-Director, Project Vida,
El Paso, TX

Arjan Schutte
Founder and 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

Officers

Tawney Brunsch
Chair

Daniel Betancourt
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

George Pennacchi
Professor, University of Illinois, Urbana-Champaign

Andra Ghent
Professor, University of Utah

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/beige-book-default.htm. Also find the Reserve Bank's financial statements for 2022 at https://www.federalreserve.gov/aboutthefed/files/bostonfinstmt2022.pdf.

Class A

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

Sushil K. Tuli, 2024
Chairman and Chief Executive Officer, Leader Bank, N.A., Arlington, MA

Class B

Lizanne Kindler, 2022
Chief Executive Officer, Talbots, Hingham, MA

Kimberly Sherman Stamler, 2023
President, Related Beal, Boston, MA

Lauren A. Smith, 2024
Chief Health Equity and Strategy Officer, CDC Foundation, Boston, MA

Class C

Christina Hull Paxson, 2022
President, Brown University, Providence, RI

Roger W. Crandall, 2023
Chairman, President, and Chief Executive Officer, MassMutual Financial Group, Springfield, MA

Corey Thomas, 2024
Chairman and Chief Executive Officer, Rapid7, LLC, Boston, 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 2022 at https://www.federalreserve.gov/aboutthefed/files/newyorkfinstmt2022.pdf.

Class A

Douglas L. Kennedy, 2022
President and Chief Executive Officer, Peapack-Gladstone Bank, Bedminster, NJ

Thomas J. Murphy, 2023
President and Chief Executive Officer, Arrow Financial Corporation, Glens Falls National Bank, Glens Falls, NY

René F. Jones, 2024
Chairman and Chief Executive Officer, M&T Bank Corporation, Buffalo, NY

Class B

Adena T. Friedman, 2022
President and Chief Executive Officer, Nasdaq, New York, NY

Arvind Krishna, 2023
Chairman and Chief Executive Officer, IBM, New York, NY

Scott Rechler, 2024
Chairman and Chief Executive Officer, RXR, New York, NY

Class C

Denise Scott, 2022
President, Local Initiatives Support Corporation, New York, NY

Rosa Gil, 2023
Founder, President, and Chief Executive Officer, Comunilife, Inc., New York, NY

Vincent Alvarez, 2024
President, New York City Central Labor Council, AFL-CIO, New York, NY

District 3–Philadelphia

Covers the state of Delaware; 9 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 2022 at https://www.federalreserve.gov/aboutthefed/files/philadelphiafinstmt2022.pdf.

Class A

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

Timothy Snyder, 2024
President and Chief Executive Officer, Fleetwood Bank, Fleetwood, PA

Class B

John Fry, 2022
President, Drexel University, Philadelphia, PA

Bret S. Perkins, 2023
Senior Vice President, External and Government Affairs, Comcast Corporation, Philadelphia, PA

Julia H. Klein, 2024
Chairwoman and Chief Executive Officer, C. H. Briggs Company, Reading, PA

Class C

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

Sharmain Matlock-Turner, 2024
President and Chief Executive Officer, Urban Affairs Coalition, 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 2022 at https://www.federalreserve.gov/aboutthefed/files/clevelandfinstmt2022.pdf.

Class A

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

Eddie L. Steiner, 2024
President and Chief Executive Officer, CSB Bancorp, Inc., Millersburg, OH

Class B

David Megenhardt, 2022
Executive Director, United Labor Agency, Cleveland, OH

Heidi L. Gartland, 2023
Chief Government and Community Relations Officer, University Hospitals, Cleveland, OH

Jacqueline Gamblin, 2024
Chief Executive Officer, JYG Innovations, Dayton, OH

Class C

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

Ana G. Rodriguez, 2024
Executive Vice President and Chief People Officer, Monogram Foods, Memphis, TN

Cincinnati Branch

Appointed by the Federal Reserve Bank

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

Archie M. Brown, 2024
President and Chief Executive Officer, First Financial Bancorp, Cincinnati, OH

Appointed by the Board of Governors

Holly B. Wiedemann, 2022
Founder, AU Associates, Inc., Lexington, KY

Ashish K. Vaidya, 2023
President, Northern Kentucky University, Highland Heights, KY

Rachid Abdallah, 2024
Chairman and Chief Executive Officer, Jedson Engineering, Cincinnati, OH

Pittsburgh Branch

Appointed by the Federal Reserve Bank

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

Nishan J. Vartanian, 2024
President and Chief Executive Officer, MSA Safety Incorporated, Cranberry Township, PA

Appointed by the Board of Governors

Kathryn Z. Klaber, 2022
Managing Partner, The Klaber Group, Sewickley, PA

Kathy Wilson Humphrey, 2023
President, Carlow University, Pittsburgh, PA

Vera Krekanova, 2024
Chief Strategy and Research Officer, Allegheny Conference on Community Development, 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 2022 at https://www.federalreserve.gov/aboutthefed/files/richmondfinstmt2022.pdf.

Class A

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

James H. Sills III, 2024
President and Chief Executive Officer, Mechanics and Farmers Bank, Durham, NC

 

Class B

Wayne A. I. Frederick, MD, 2022
President, Howard University, Washington, DC

Robert M. Blue, 2023
President and Chief Executive Officer, Dominion Energy, Richmond, VA

Nazzic Keene, 2024
Chief Executive Officer, SAIC, Reston, VA

Class C

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

Eugene A. Woods, 2024
President and Chief Executive Officer, Atrium Health, Charlotte, NC

Baltimore Branch

Appointed by the Federal Reserve Bank

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

Tom Geddes, 2024
Partner and Portfolio Manager, Brown Advisory, Baltimore, MD

Mary McDuffie, 2024
President and Chief Executive Officer, Navy Federal Credit Union, Vienna, VA

Appointed by the Board of Governors

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

Brian McLaughlin, 2024
President, Enterprise Community Development Inc., Silver Spring, MD

Charlotte Branch

Appointed by the Federal Reserve Bank

Dionne Nelson, 2022
President and Chief Executive Officer, Laurel Street Residential, Charlotte, NC

Vacancy, 2023

Samuel L. Erwin, 2024
Executive Vice President, First Horizon Bank, Greenville, SC

George Dean Johnson III, 2024
Chief Executive Officer, Johnson Development Associates, Inc., Spartanburg, SC

Appointed by the Board of Governors

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

Bernett William Mazyck, 2024
President and Chief Executive Officer, South Carolina Association for Community Economic Development, Charleston, SC

 

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 2022 at https://www.federalreserve.gov/aboutthefed/files/atlantafinstmt2022.pdf.

Class A

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

Abel L. Iglesias, 2024
President and Chief Executive Officer, Professional Holding Corporation and Professional Bank, Coral Gables, FL

Class B

Nicole B. Thomas, 2022
Hospital President, Baptist Medical Center Jacksonville, Jacksonville, FL

John W. Garratt, 2023
President and Chief Financial Officer, Dollar General, Goodlettsville, TN

Michael Russell, 2024
Chief Executive Officer, H.J. Russell and Company, Atlanta, GA

Class C

Elizabeth A. Smith, 2022
Former Executive Chair, Bloomin' Brands, Inc., Tampa, FL

Gregory A. Haile, 2023
President, Broward College, Fort Lauderdale, FL

Claire Lewis Arnold, 2024
Chief Executive Officer, Leapfrog Services, Inc., Atlanta, GA

Birmingham Branch

Appointed by the Federal Reserve Bank

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

Michelle Lewis, 2024
Chief Financial Officer, AAA Cooper Transportation, Dothan, AL

David L. Nast, 2024
President and Chief Executive Officer, Progress Bank, Huntsville, AL

Appointed by the Board of Governors

Merrill H. Stewart Jr., 2022
President, The Stewart/Perry Company, Inc., Birmingham, AL

Maye Head-Frei, 2023
Former Chairman, Ram Tool and Supply Company, Birmingham, AL

Christy Thomas, 2024
Executive Vice President, Compliance, Jemison Metals, Birmingham, AL

Jacksonville Branch

Appointed by the Federal Reserve Bank

Paul G. Boynton, 2022
Former Vice Chairman, Rayonier Advanced Materials, Inc., Jacksonville, FL

William O. West, 2023
Vice Chair, The Bank of Tampa, Tampa, FL

Monesia T. Brown, 2024
Director of Public Affairs and Government Relations, Walmart, Inc., Tallahassee, FL

Brian E. Wolfburg, 2024
President and Chief Executive Officer, VyStar Credit Union, Jacksonville, FL

Appointed by the Board of Governors

Lisa Palmer, 2022
President and Chief Executive Officer, Regency Centers Corporation, Jacksonville, FL

Edward A. Moratin, 2023
President, LIFT Orlando, Orlando, FL

Timothy P. Cost, 2024
President, Jacksonville University, Jacksonville, FL

Miami Branch

Appointed by the Federal Reserve Bank

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

Ginger Martin, 2024
President and Chief Executive Officer, American National Bank, Oakland Park, FL

 

Appointed by the Board of Governors

Ana M. Menendez, 2022
Chief Financial Officer and Treasurer, Watsco, Inc., Miami, FL

Keith T. Koenig, 2023
Chief Executive Officer, City Furniture, Tamarac, FL

Vacancy, 2024

Nashville Branch

Appointed by the Federal Reserve Bank

Amber W. Krupacs, 2022
Former Chief Financial Officer and Executive Vice President, Clayton Homes, Maryville, TN

Marshall E. Crawford Jr., 2023 President and Chief Executive Officer, The Housing Fund, Inc., Nashville, TN

Amanda Hite, 2024
President, Smith Travel Research, Hendersonville, TN

Leif M. Murphy, 2024
Chief Executive Officer, TeamHealth Holdings, Inc., Knoxville, TN

Appointed by the Board of Governors

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

Thomas Zacharia, 2024
Laboratory Director/ President and Chief Executive Officer, Oak Ridge National Laboratory/ UT-Battelle, LLC, Oak Ridge, TN

New Orleans Branch

Appointed by the Federal Reserve Bank

William J. Bynum, 2022
Chief Executive Officer, Hope Credit Union, Hope Enterprise Corp., and Hope Policy Institute, Jackson, MS

William G. Yates III, 2023
President and Chief Executive Officer, W.G. Yates & Sons Construction Company, Biloxi, MS

Katherine A. Crosby, 2024
Board Chair, Fidelity Bank,
New Orleans, LA

David T. Darragh, 2024
Chief Executive Officer, Pod Pack International, Metairie, LA

Appointed by the Board of Governors

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

John C. Driscoll, 2024
Director and Chief Executive Officer, Alabama State Port Authority,
Mobile, AL

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 2022 at https://www.federalreserve.gov/aboutthefed/files/chicagofinstmt2022.pdf.

Class A

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

Christopher J. Murphy III, 2024
Chairman and Chief Executive Officer, 1st Source Bank, South Bend, IN

Class B

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

Vacancy, 2024

Class C

Helene D. Gayle, 2022
President and Chief Executive Officer, The Chicago Community Trust,
Chicago, IL

Jennifer Scanlon, 2023
President and Chief Executive Officer, UL Inc., Northbrook, IL

Juan Salgado, 2024
Chancellor, City Colleges of Chicago, Chicago, IL

Detroit Branch

Appointed by the Federal Reserve Banks

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

Kevin Nowlan, 2023
Executive Vice President and Chief Financial Officer, BorgWarner Inc., Auburn Hills, MI

Anika Goss, 2024
Chief Executive Officer, Detroit Future City, Detroit, MI

Appointed by the Board of Governors

Linda P. Hubbard, 2022
President and Chief Operating Officer, Carhartt, Inc., Dearborn, MI

M. Roy Wilson., 2023
President, Wayne State University, Detroit, MI

James M. Nicholson, 2024
Co-Chairman, PVS Chemicals, Inc., Detroit, 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 2022 at https://www.federalreserve.gov/aboutthefed/files/stlouisfinstmt2022.pdf.

Class A

C. Mitchell Waycaster, 2022
President and Chief Executive Officer, Renasant Bank, Tupelo, MS

Elizabeth G. McCoy, 2023
Chief Executive Officer, Planters Bank, Hopkinsville, KY

Misty Borrowman, 2024
President and Chief Executive Officer, Bank of Hillsboro, Hillsboro, IL

 

Class B

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

Michael Ugwueke, 2024
President and Chief Executive Officer, Methodist Le Bonheur Healthcare, Memphis, TN

Class C

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

Lal Karsanbhai, 2024

Chief Executive Officer, Emerson Electric Co., St. Louis, MO

Little Rock Branch

Appointed by the Federal Reserve Bank

Christopher B. Hegi, 2022
Chief Executive Officer, First Financial Bank, El Dorado, AR

Vacancy, 2023

Darrin Williams, 2023
Chief Executive Officer, Southern Bancorp, Inc., Little Rock, AR

Jeff Lynch, 2024
President and Chief Executive Officer, Eagle Bank and Trust, Little Rock, AR

Appointed by the Board of Governors

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

Jamie Henry, 2024
Vice President Finance, Emerging Payments, Walmart Inc., Bentonville, AR

Louisville Branch

Appointed by the Federal Reserve Bank

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 and Chairman, First Breckinridge Bancshares, Inc., Irvington, KY

Dave W. Christopher, 2024
Founder and Executive Director, AMPED Louisville, Louisville, KY

Appointed by the Board of Governors

David Tatman, 2022
Director of Engineering, Bendix Spicer Foundation Brake, LLC,
Bowling Green, KY

Sadiqa N. Reynolds, 2023
President and Chief Executive Officer, Louisville Urban League, Louisville, KY

Emerson M. Goodwin, 2024
Senior Vice President of Business Development, ARcare d/b/a KentuckyCare, Paducah, KY

Memphis Branch

Appointed by the Federal Reserve Bank

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

Tyrone Burroughs, 2024
President and Chief Executive Officer, First Choice Sales and Marketing Group Inc., Memphis, TN

Appointed by the Board of Governors

Katherine Buckman Gibson, 2022
Chief Executive Officer, KBG Technologies, LLC, Memphis, TN

Beverly Crossen, 2023
Owner, Farmhouse Tupelo, Tupelo, MS

Tracy D. Hall, 2024
President, Southwest Tennessee Community College, 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 2022 at https://www.federalreserve.gov/aboutthefed/files/minneapolisfinstmt2022.pdf.

Class A

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

Jeanne H. Crain, 2024
President and Chief Executive Officer, Bremer Financial Corporation,
St. Paul, MN

Class B

David R. Emery, 2022
Executive Chairman, Retired, Black Hills Corporation, Rapid City, SD

Vacancy, 2023

Sarah Walsh, 2024
Chief Operating Officer, PayneWest Insurance, Helena, MT

Class C

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

Paul D. Williams, 2024
President and Chief Executive Officer, Project for Pride in Living, Minneapolis, MN

Helena Branch

Appointed by the Federal Reserve Bank

Mary Rutherford, 2022
President and Chief Executive Officer, Montana Community Foundation, Helena, MT

William E. Coffee, 2023
Chief Executive Officer and Chairman of the Board, Stockman Financial Corporation, Billings, MT

Jason Adams, 2024
Owner and Consultant, Ace Housing and Development, LLC, Polson, MT

Appointed by the Board of Governors

Alan D. Ekblad, 2023
Senior and Managing Partner, Strategic Labor Partnerships, Helena, MT

Bobbi Wolstein, 2024
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/beige-book-default.htm. Also find the Reserve Bank's financial statements for 2022 at https://www.federalreserve.gov/aboutthefed/files/kansascityfinstmt2022.pdf.

Class A

Gregory Hohl, 2022
Chairman and President, Wahoo State Bank, Wahoo, NE

Patricia J. Minard, 2023
Executive Vice President and Chief Financial Officer, Emprise Bank, Wichita, KS

Kyle Heckman, 2024
Chairman, President, and Chief Executive Officer, Flatirons Bank, Boulder, CO

 

Class B

Douglas J. Stussi, 2022
Executive Adviser, Love Family of Companies, Oklahoma City, OK

Ruben Alonso III, 2023
Chief Executive Officer, AltCap, Kansas City, MO

Vacancy, 2024

Class C

Patrick A. Dujakovich, 2022
President, Greater Kansas City AFL-CIO, Kansas City, MO

Maria Griego-Raby, 2023
President and Principal, Contract Associates, Albuquerque, NM

Edmond Johnson, 2024
President and Chief Executive Officer, Premier Manufacturing, Inc. and eNFUSION, Frederick, CO

Denver Branch

Appointed by the Federal Reserve Bank

Jeffrey C. Wallace, 2022
Chief Executive Officer, Wyoming Bank & Trust, Cheyenne, WY

Rachel Gerlach, 2023
Chief Credit Officer, Alpine Bank, Glenwood Springs, CO

Nicole Glaros, 2024
Founder and Chief Executive Officer, Phos, Boulder, CO

Chris Wright, 2024
Chief Executive Officer, Liberty Oilfield Services, Denver, CO

Appointed by the Board of Governors

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

Janice J. Lucero, 2024
President and Chief Executive Officer, Motor Vehicle Division Express, Albuquerque, NM

 

Oklahoma City Branch

Appointed by the Federal Reserve Bank

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

J. Walter Duncan IV, 2024
President, Duncan Oil Properties, Inc., Oklahoma City, OK

Appointed by the Board of Governors

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

Rhonda Hooper, 2024
President and Chief Executive Officer, Jordan Advertising, Oklahoma City, OK

Omaha Branch

Appointed by the Federal Reserve Bank

Annette Hamilton, 2022
Chief Operating Officer, Ho-Chunk, Inc., Winnebago, NE

Dwayne W. Sieck, 2023
Managing Principal, Farnam Street Real Estate Capital, Omaha, NE

Zac Karpf, 2024
President, Platte Valley Bank, Scottsbluff, NE

Susan L. Martin, 2024
President and Secretary-Treasurer, Nebraska State AFL-CIO, Lincoln, NE

Appointed by the Board of Governors

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

Paul Maass, 2024
Chief Executive Officer, Scoular, 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 2022 at https://www.federalreserve.gov/aboutthefed/files/dallasfinstmt2022.pdf.

Class A

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

Kelly A. Barclay, 2024
President and Chief Executive Officer, Ozona Bank, Wimberly, TX

Class B

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

Renard U. Johnson, 2024
President and Chief Executive Officer, Management & Engineering Technologies International, Inc., El Paso, TX

Class C

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

Cindy Ramos-Davidson, 2024
Chief Executive Officer, El Paso Hispanic Chamber of Commerce, El Paso, TX

El Paso Branch

Appointed by the Federal Reserve Bank

Von C. Washington Sr., 2022
President, IDA Technology, El Paso, TX

Jack Harper, 2023
Permian President, ConocoPhillips, Midland, TX

Jill Gutierrez, 2023
Director, Bank 34, Alamogordo, NM

William Serrata, 2024
President, El Paso Community College, El Paso, TX

Appointed by the Board of Governors

Julio Chiu, 2022
Founder and Chief Executive Officer, Seisa Group, El Paso, TX

Sally A. Hurt-Deitch, 2023
Senior Vice President of Operations, Ascension, El Paso, TX

Tracy J. Yellen, 2024
Chief Executive Officer, Paso del Norte Community Foundation and Paso Del Norte Health Foundation, El Paso, TX

Houston Branch

Appointed by the Federal Reserve Bank

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

Peter Rodriguez, 2024
Dean and Professor of Strategic Management, Rice University, Houston, TX

Appointed by the Board of Governors

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

Cynthia N. Colbert, 2024
President and Chief Executive Officer, Catholic Charities Archdiocese of Galveston-Houston, Houston, TX

San Antonio Branch

Appointed by the Federal Reserve Bank

Charles E. Amato, 2022
Chairman and Co-Founder, Southwest Business Corp., San Antonio, TX

Bradley Barron, 2023
President and Chief Executive Officer, NuStar Energy, San Antonio, TX

Tyson Tuttle, 2023
President and Chief Executive Officer, Silicon Labs, Austin, TX

Gabriel Guerra, 2024
President and Chief Executive Officer, Kleberg Bank, Kingsville, TX

Appointed by the Board of Governors

Denise M. Trauth, 2022
President, Texas State University, San Marcos, TX

Veronica Muzquiz Edwards, 2023
Chief Executive Officer, InGenesis, Inc., San Antonio, TX

Monica Salinas, 2024
Chief Executive Officer Operations, Cromex Forwarding Inc., Laredo, 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 2022 at https://www.federalreserve.gov/aboutthefed/files/sanfranciscofinstmt2022.pdf.

Class A

Simone Lagomarsino, 2022
President and Chief Executive Officer, Luther Burbank Savings & Luther Burbank Corporation, Gardena, CA

S. Randolph Compton, 2023
Co-Chair of the Board, Pioneer Trust Bank, N.A., Salem, OR

Greg Becker, 2024
President and Chief Executive Officer, SVB Financial Group, Chief Executive Officer, Silicon Valley Bank, Santa Clara, CA

Class B

Sanford L. Michelman, 2022
Chairman, Michelman & Robinson, LLP, Los Angeles, CA

Karen Lee, 2023
Chief Executive Officer, Plymouth Housing, Seattle, WA

Arthur F. Oppenheimer, 2024
Chairman and Chief Executive Officer, Oppenheimer Companies, Inc., President, Oppenheimer Development Corporation, Boise, ID

Class C

Mario Cordero, 2022
Executive Director, Port of Long Beach, Long Beach, CA

Tamara L. Lundgren, 2023
Chairman, President, and Chief Executive Officer, Schnitzer Steel Industries, Inc., Portland, OR

David P. White, 2024
Immediate Past Chief Executive Officer, Chief Negotiator and Strategic Advisor, SAG-AFTRA, Los Angeles, CA, and Venture Partner, Ulu Ventures, Palo Alto, CA

Los Angeles Branch

Appointed by the Federal Reserve Bank

Wayne Bradshaw, 2022
Chairman, Broadway Financial Corporation, Los Angeles, CA

Theresa Benelli, 2023
Executive Director, LISC Phoenix, Phoenix, AZ

Jimmy Ayala, 2024
Division President, Tri Pointe Homes Incorporated, San Diego, CA

Maritza Diaz, 2024
Chief Executive Officer, iTjuana, San Marcos, CA

Appointed by the Board of Governors

Rosemary Vassiliadis, 2022
Director of Aviation, Harry Reid International Airport, Las Vegas, NV

Carl J.P. Chang, 2023
Chief Executive Officer, Kairos Investment Management Company, Chairman of the Board, Pieology Pizzeria, Rancho Santa Margarita, CA

Jack Sinclair, 2024
Chief Executive Officer, Sprouts Farmers Market, Phoenix, AZ

Portland Branch

Appointed by the Federal Reserve Bank

Maria Pope, 2022
President and Chief Executive Officer, Portland General Electric Company, Portland, OR

Cheryl R. Nester Wolfe, 2023
President and Chief Executive Officer, Salem Health Hospital and Clinics, Salem, OR

Vacancy, 2023

Stacey M.L. Dodson, 2024
Market President, Portland and Southwest Washington, U.S. Bank, Portland, OR

Appointed by the Board of Governors

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

Gale Castillo, 2024
President, Cascade Centers, Inc., Portland, OR

Salt Lake City Branch

Appointed by the Federal Reserve Bank

Deneece Huftalin, 2022
President, Salt Lake Community College, Tayorsville, UT

Jas Krdzalic, 2023
Executive Chairman, Bodybuilding.com and Vitalize LLC, Boise, ID

Mark Packard, 2023
President and Chief Executive Officer, Central Bank, Provo, UT

Lisa Ann Grow, 2024
President and Chief Executive Officer, IdaCorp & Idaho Power, Boise, ID

Appointed by the Board of Governors

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

O. Randall Woodbury, 2024
President and Chief Executive Officer, Woodbury Corporation, Salt Lake City, UT

Seattle Branch

Appointed by the Federal Reserve Bank

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

Michael S. Senske, 2024
President and Chief Executive Officer, Pearson Packaging Systems, Spokane, WA

Appointed by the Board of Governors

Sheila Edwards Lange, 2022
Chancellor, University of Washington, Tacoma, WA

John Wolfe, 2023
Chief Executive Officer, Northwest Seaport Alliance, Tacoma, WA

Pallavi Mehta Wahi, 2024
Seattle Managing Partner and Co-United States Managing Partner, K&L Gates LLP, 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

Christina Hull Paxson, Chair

Corey Thomas, Deputy Chair

Susan M. Collins, 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, First Vice President and Chief Operating Officer

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

Mark S. Meder, First Vice President and Chief Operating Officer

Cincinnati

Rachid Abdallah, Chair

Rick Kaglic, Vice President
and Senior Regional Officer

Pittsburgh

Vera Krekanova, 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

William J. McCarthy, Chair

Andy Bauer, Vice President and Baltimore Regional Executive

Charlotte

R. Glenn Sherrill Jr, Chair

Matthew A. Martin, 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

Christy Thomas, Chair

Anoop Mishra, Vice President and Regional Executive

Jacksonville

Edward A. Moratin, Chair

Christopher L. Oakley, Vice President and Regional Executive

Miami

Ana M. Menendez, Chair

Shari Bower, Vice President and Regional Executive

Nashville

Thomas Zacharia, Chair

Laurel Graefe, Vice President and Regional Executive

New Orleans

G. Janelle Frost, Chair

Adrienne C. Slack, Vice President and Regional Executive

Chicago

Helene D. Gayle, MD, Chair

Jennifer Scanlon, 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

Linda P. Hubbard, Chair

Rick Mattoon, Vice President and Regional Executive

St. Louis

James M. McKelvey Jr., Chair

Carolyn Chism Hardy, Deputy Chair

James B. Bullard, President and Chief Executive Officer

Kathy O. Paese, First Vice President and Chief Operating Officer

Little Rock

Millie A. Ward, Chair

Matuschka Lindo Briggs, Senior Vice President and Regional Executive

Louisville

Emerson M. Goodwin, Chair

Seema Sheth, Senior Vice President and Regional Executive

Memphis

Katherine Buckman Gibson, Chair

Douglas G. Scarboro, Senior Vice President and Regional Executive

Minneapolis

Srilata Zaheer, Chair

Chris Hilger, 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

Katrina Washington, Chair

Chad R. Wilkerson, Senior Vice President and Branch Executive

Omaha

L. Javier Fernandez, Chair

Nathan Kauffman, Senior Vice President and Branch Executive

Dallas

Thomas J. Falk, Chair

Claudia Aguirre, Deputy Chair

Lorie K. Logan, President and Chief Executive Officer

Robert L. Triplett, III, First Vice President and Chief Operating Officer

El Paso

Julio Chiu, Chair

Roberto A. Coronado, Senior Vice President in Charge

Houston

Darryl L. Wilson, Chair

Daron D. Peschel, Senior Vice President in Charge

San Antonio

Denise M. Trauth, Chair

Roberto A. Coronado, Senior Vice President in Charge

San Francisco

Tamara L. Lundgren, Chair

David P. White, 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

Carl J.P. Chang, Chair

Qiana Charles, Vice President and Regional Executive

Portland

Anne C. Kubisch, Chair

Ian Galloway, Vice President and Regional Executive

Salt Lake City

O. Randall Woodbury, Chair

Becky B. Potts, Vice President and Regional Executive

Seattle

Sheila Edwards Lange, 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 17 and 18, 2022, and November 9 and 10, 2022. The conference's executive committee members for 2022 are listed below.¹⁶

Conference of Chairs Executive Committee—2022

Elizabeth A. Smith, Chair,
Federal Reserve Bank of Atlanta

Eugene A. Woods, Vice Chair,
Federal Reserve Bank of Richmond

Helene D. Gayle, MD, Member,
Federal Reserve Bank of Chicago

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 2022 are listed below.

Conference of Presidents—2022

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

Heidy Medina, 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 2022 are listed below.¹⁷

Conference of First Vice Presidents—2022

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