Officers, Directors and Appointed and Ex Officio Members of Federal
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2009 402 96th Annual Report, 2009 Federal Reserve Banks and Branches December 31, 2009 Officers 1 BANK or Branch Chair President Officer Deputy Chair First Vice President in charge of Branch BOSTON 2 .............. Lisa M. Lynch Eric S. Rosengren Henri A. Termeer Paul M. Connolly NEW YORK 2 .......... Denis M. Hughes William C. Dudley Lee C. Bollinger Christine M. Cumming PHILADELPHIA ....... William F. Hecht Charles I. Plosser Charles P. Pizzi William H. Stone, Jr. CLEVELAND .......... Tanny B. Crane Sandra Pianalto Alfred M. Rankin, Jr. Vacant Cincinnati ............... James M. Anderson LaVaughn M. Henry Pittsburgh ............... Sunil T. Wadhwani Robert B. Schaub RICHMOND ........... Lemuel E. Lewis Jeffrey M. Lacker Margaret E. Sarah G. Green McDermid Baltimore ............... William R. Roberts David E. Beck Charlotte ................ Claude C. Lilly Matthew A. Martin ATLANTA............... D. Scott Davis Dennis P. Lockhart Carol B. Tomé Patrick K. Barron Birmingham ............. F. Michael Reilly Julius Weyman Jacksonville.............. Linda H. Sherrer Christopher L. Oakley Miami.................... Gay Rebel Thompson Juan del Busto Nashville................. David Williams II Lee C. Jones New Orleans............. Robert S. Boh Robert J. Musso CHICAGO 2 ............. John A. Canning, Jr. Charles L. Evans William C. Foote Gordon Werkema Detroit ................... Timothy M. Robert Wiley Manganello ST. LOUIS............... Steven H. Lipstein James Bullard Ward M. Klein David A. Sapenaro Little Rock............... Sonja Yates Hubbard Robert A. Hopkins Louisville ................ Gary A. Ransdell Maria Gerwing Hampton Memphis................. Charles S. Blatteis Martha Perine Beard MINNEAPOLIS......... James J. Hynes Narayana R. John W. Marvin Kocherlakota James M. Lyon Helena ................... Joseph F. McDonald R. Paul Drake 2009 Federal Reserve System Organization 403 Officers—continued 1 BANK or Branch Chair President Officer Deputy Chair First Vice President in charge of Branch KANSAS CITY ......... Lu M. Cordova Thomas M. Hoenig Paul DeBruce Esther L. George Denver ................... Kristy A. Schloss Mark C. Snead Oklahoma City .......... Steven C. Agee Chad Wilkerson Omaha ................... Charles R. Hermes Jason Henderson DALLAS ................ James T. Hackett Richard W. Fisher Herb Kelleher Helen E. Holcomb El Paso................... D. Kirk Edwards Robert W. Gilmer Houston.................. Douglas L. Foshee Robert Smith III San Antonio ............. Steven R. Vandegrift Blake Hastings SAN FRANCISCO 2 .... T. Gary Rogers Janet L. Yellen Douglas W. John F. Moore Shorenstein Los Angeles ............. Andrew J. Sale Mark L. Mullinix Portland.................. James H. Rudd Steven H. Walker Salt Lake City ........... Clark D. Ivory Robin A. Rockwood Seattle.................... Helvi K. Sandvik Mark A. Gould 1. The chair of a Federal Reserve Bank serves, by statute, as Federal Reserve agent. 2. Additional offices of these Banks are located at Windsor Locks, Connecticut; East Rutherford, New Jersey; Des Moines, Iowa; Midway at Bedford Park, Illinois; and Phoenix, Arizona. Conference of Chairs Conference of Presidents The chairs of the Federal Reserve Banks The presidents of the Federal Reserve are organized into the Conference of Banks are organized into the Conference of Chairs, which meets to consider matters of Presidents, which meets periodically to common interest and to consult with and identify, define, and deliberate issues of advise the Board of Governors. Such meet- strategic significance to the Federal Reserve ings, also attended by the deputy chairs, System; to consider matters of common were held in Washington, D.C., on May 19 interest; and to consult with and advise the and 20; September 21; and November 17 Board of Governors. and 18, 2009. Jeffrey M. Lacker, president of the Fed- The members of the executive committee eral Reserve Bank of Richmond, served as of the Conference of Chairs during 2009 chair of the conference in 2009, and Rich- were Lisa M. Lynch, chair; Lemuel E. ard W. Fisher, president of the Federal Lewis, vice chair; and James J. Hynes, Reserve Bank of Dallas, served as vice member. chair. Sandra Tormoen, Federal Reserve On November 18, the conference elected Bank of Richmond, served as secretary, and its executive committee for 2010, naming Harvey Mitchell, Federal Reserve Bank of Lemuel E. Lewis as chair; Charles P. Pizzi Dallas, served as assistant secretary. as vice chair; and Alfred M. Rankin, Jr. as the third member. 2009 404 96th Annual Report, 2009 Conference of Class A directors represent the stockhold- First Vice Presidents ing member banks in each Federal Reserve District. Class B and Class C directors rep- The Conference of First Vice Presidents of resent the public and are chosen with due, the Federal Reserve Banks was organized but not exclusive, consideration to the inter- in 1969 to meet periodically for the consid- ests of agriculture, commerce, industry, ser- eration of operations and other matters. vices, labor, and consumers; they may not James M. Lyon, first vice president of be officers, directors, or employees of any the Federal Reserve Bank of Minneapolis, bank or bank holding company. In addition, served as chair of the conference in 2009, Class C directors may not be stockholders and Sheryl L. Britsch, Federal Reserve of any bank or bank holding company. Bank of Minneapolis, served as secretary. For the election of Class A and Class B The conference ratified the appointment of directors, the member banks of each Fed- Sally Green, first vice president of the Fed- eral Reserve District are classified into eral Reserve Bank of Richmond, as vice three groups. Each group, which comprises chair for the remainder of 2009 after the banks with similar capitalization, elects one death of R. Chris Moore, first vice presi- Class A director and one Class B director. dent of the Federal Reserve Bank of Cleve- Annually, the Board of Governors desig- land and vice chair of the conference for nates one of the Class C directors as chair 2008-09. Anne C. Gossweiler, Federal of the board and Federal Reserve agent of Reserve Bank of Richmond, was also ap- each District Bank, and it designates pointed to succeed Diana C. Starks, Federal another Class C director as deputy chair. Reserve Bank of Cleveland, as assistant Federal Reserve Branches have either secretary for the remainder of 2009. Those five or seven directors, a majority of whom actions were effective February 18, 2009. are appointed by the parent Federal Reserve On October 21, 2009, the conference Bank; the others are appointed by the ratified the appointment of Sally Green as Board of Governors. One of the directors chair, Esther L. George, first vice president appointed by the Board is designated annu- of the Federal Reserve Bank of Kansas ally as chair of the board of that Branch in City, as vice chair, and Anne C. Gossweiler a manner prescribed by the parent Federal as secretary for 2010−11. Reserve Bank. The chairs and deputy chairs of the Directors Reserve Bank boards of directors, and the chairs of the Branches, are listed in the pre- Each Federal Reserve Bank has a nine ceding table, titled “Officers.” The directors member board: three Class A and three of the Banks and Branches are listed in the Class B directors, who are elected by the following table. For each director, the class stockholding member banks, and three of directorship, the director’s principal or- Class C directors, who are appointed by the ganizational affiliation, and the date the di- Board of Governors. rector’s term expires are shown. 2009 Federal Reserve System Organization 405 Directors December 31, 2009 Bank or Branch, Category Term expires Name Title Dec. 31 DISTRICT 1—BOSTON Reserve Bank Class A David A. Lentini ............ Chairman, President, and Chief Executive Officer, 2009 The Connecticut Bank and Trust Company, Hartford, Connecticut James C. Smith ............. Chairman and Chief Executive Officer, Webster Bank, 2010 N.A., Waterbury, Connecticut Kathryn G. Underwood..... President and Chief Executive Officer, Ledyard 2011 National Bank, Hanover, New Hampshire Class B Stuart H. Reese ............. Chairman and Chief Executive Officer, MassMutual 2009 Financial Group, Springfield, Massachusetts Robert K. Kraft ............. Chairman and Chief Executive Officer, The Kraft 2010 Group, Foxborough, Massachusetts Michael T. Wedge .......... Former President and Chief Executive Officer, 2011 BJ’s Wholesale Club, Inc., Natick, Massachusetts Class C Lisa M. Lynch .............. Dean and Professor of Economics, The Heller School 2009 for Social Policy and Management, Brandeis University, Waltham, Massachusetts Kirk A. Sykes ............... President, Urban Strategy America Fund, L.P., Boston, 2010 Massachusetts Henri A. Termeer ........... Chairman, President, and Chief Executive Officer, 2011 Genzyme Corporation, Cambridge, Massachusetts DISTRICT 2—NEW YORK Reserve Bank Class A James Dimon................ Chairman and Chief Executive Officer, JPMorgan 2009 Chase & Co., New York, New York Richard L. Carrión.......... Chairman, President and Chief Executive Officer, 2010 Popular, Inc., San Juan, Puerto Rico Charles V. Wait ............. President, Chief Executive Officer, and Chairman, 2011 The Adirondack Trust Company, Saratoga Springs, New York Class B Jeffrey B. Kindler ........... Chairman and Chief Executive Officer, Pfizer, Inc., 2009 New York, New York James S. Tisch .............. President and Chief Executive Officer,