Exhibit 937 ยท Agency report
Roles and Responsibilities of Federal Reserve Directors
Six of the directors are elected by the member banks of the respective Federal Reserve District (District), and three of the directors are appointed by the Board of Governors.
The Board's 52-page publication for directors. Figure 1 shows Class A and B directors elected by member banks and Class C directors appointed by the Board. The Selection Criteria section says Class A directors represent the member banks, and Class B and C directors represent the public. It states that Class A directors face no statutory or policy bar on affiliation with supervised institutions.
- Source
- Board of Governors of the Federal Reserve System
- Date
- February 2013
- Quoted from
- Introduction, p. 1 (PDF p. 7)
- Grade
- Primary record
- Document
- https://www.federalreserve.gov/aboutthefed/directors/pdf/roles_responsibilities_FINALweb013013.pdf
- Accessed
- 2026-11-10
- Cited by
- Findings citing this exhibit
- Note
- Read from a Wayback Machine capture of the Board's PDF; the Board's own server did not respond. The Board's overview page (fed-2024-board-reserve-bank-directors-overview) links to this publication as current.