Meet Our Directors
Just as the Federal Reserve's mission areas are a blend of various components, the nine director seats on each Federal Reserve Bank's Board are filled through a variety of methods. Learn more about Class A, B and C directors' designations.
There are nine directors from around the region with a range of backgrounds, including community development, business, banking, organized labor and entrepreneurship. They serve staggered three-year terms. The Kansas City Fed's three Branch offices in Denver, Oklahoma City and Omaha each have its own seven-member board of directors who serve staggered three-year terms. They provide their respective Branch executives, who are economists, with insight on regional economic conditions and offer advice and counsel. Four directors are appointed by the Kansas City Fed and three are appointed by the Federal Reserve Board of Governors.
About the Board of Directors
Directors conduct meetings to provide the Reserve Bank insight on current and emerging issues which is uniquely derived from direct involvement with their local communities and businesses.
The authority of the board of directors of a Reserve Bank is established in the Federal Reserve Act, which says that the Reserve Bank “shall be conducted under the supervision and control of a board of directors."
Just as the Federal Reserve's mission areas are a blend of various components, the nine director seats on each Federal Reserve Bank's Board are filled through a variety of methods.
- Should Bankers Serve on Federal Reserve Bank Boards of Directors?
- Banking, democracy and the critical balancing of power
- Regional connections to national policy: Directors offer local perspective
- What is the Federal Reserve's governance structure?
- Can't these responsibilities be better handled entirely by a government agency?
- Who are the directors?
- Don't directors of the regional Reserve Banks naturally have conflicts of interest as private business people?
- How do directors assume their positions?
- Would the bankers who serve as directors have conflicts?
- Why is it important to have a banking perspective on a Reserve Bank’s board?
- The Reserve Bank’s Board of Directors appoints Reserve Bank presidents: Isn’t it a bad idea to have private citizens appointing other private citizens to positions that play such an important role in national policy?