55937_2000-2004

Federal Reserve System Organization 281

Thrift Institutions Advisory Council—ContinuedF. WELLER MEYER, President and Chief Executive Officer; Acacia Federal Savings Bank,

Falls Church, VirginiaANTHONY J. POPP, President and Chief Executive Officer, Marietta Savings Bank,

Marietta, OhioMARK H. WRIGHT, President and Chief Executive Officer, USAA Federal Savings Bank,

San Antonio, TexasCLARENCE ZUGELTER, President, Chief Executive Officer, and Chairman, First Federal

Bank, Kansas City, Missouri

OfficersF. WELLER MEYER, President

The members of the Thrift InstitutionsAdvisory Council met with the Board ofGovernors on February 11, July 14, andDecember 1, 2000. The council, which iscomposed of representatives from credit

THOMAS S. JOHNSON, Vice President

unions, savings and loan associations, andsavings banks, consults with, and advises,the Board on issues pertaining to the thriftindustry and on various other matters withinthe Board's jurisdiction.

Officers of Federal Reserve Banks and BranchesDecember 31,2000

BANK or Branch

BOSTON2

NEW YORK2

Buffalo

PHILADELPHIA

CLEVELAND2

CincinnatiPittsburgh

RICHMOND2

BaltimoreCharlotte

Chairmanl

Deputy Chairman

William C. BrainardWilliam O. Taylor

Peter G. PetersonCharles A.

Heimbold, Jr.Bal Dixit

Joan CarterCharisse R. Lillie

David H. HoagRobert W. Mahoney

George C. JuilfsJohn T. Ryan III

Jeremiah J. SheehanWesley S.

Williams, Jr.George L. Russell, Jr.Joan H. Zimmerman

PresidentFirst Vice President

Cathy E. MinehanPaul M. Connolly

William J. McDonoughJamie B. Stewart, Jr.

Anthony M. SantomeroWilliam H. Stone, Jr.

Jerry L. JordanSandra Pianalto

J. Alfred Broaddus, Jr.Walter A. Varvel

Vice Presidentin charge of Branch

Barbara L.Walter3

Barbara B. HenshawRobert B. Schaub

William J. Tignanelli3

Dan M. Bechter3

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

2000

282 87th Annual Report, 2000

Officers of Federal Reserve Banks and Branches-Continued

BANK or Branch Chairmanl

Deputy ChairmanPresident

First Vice PresidentVice Presidentin charge of Branch

ATLANTA

BirminghamJacksonvilleMiamiNashvilleNew Orleans

CHICAGO2

Detroit

ST. LOUIS

Little RockLouisville

Memphis

MINNEAPOLIS

Helena

KANSAS CITY

DenverOklahoma CityOmahaDALLAS

El PasoHoustonSan Antonio

SAN FRANCISCO

Los AngelesPortlandSalt Lake CitySeattle

John F. WielandPaula Lovell

D. Bruce CarrWilliam E. Flaherty 'Kaaren Johnson-StreetFrances F. MarcumDwight H. Evans

Arthur C. MartinezRobert J. Darnall

Timothy D. Leuliette

Susan S. ElliottCharles W. Mueller

Vick M. CrawleyJ. Stephen BargerMike P. Sturdivant, Jr.

James J. HowardRonald N. Zwieg

William P. Underriner

Jo Marie DancikTerrence P. Dunn

Kathryn A. PaulPatricia B. FennellGladys Styles Johnston

Roger R.Hemminghaus

H.B. Zachry, Jr.Beauregard Brite WhiteEdward O. GaylordPatty Puig Mueller

Gary G. MichaelNelson C. Rising

Lonnie KaneNancy WilgenbuschBarbara L. WilsonRichard R. Sonstelie

Jack GuynnPatrick K. Barron

Michael H. MoskowWilliam C. Conrad

William PooleW. LeGrande Rives

Gary H. SternJames M. Lyon

Thomas M. HoenigRichard K. Rasdall

Robert D. McTeer, Jr.Helen E. Holcomb

Robert T. ParryJohn F. Moore

James M. McKee

Andre T. AndersonRobert J. SlackJames T. Curry IIIMelvynK. Purcell3

Robert J. Musso3

David R. Allardice3

Robert A. HopkinsThomas A. BooneMartha Perine Beard

Samuel H. Gane

CarlM. Gambs3

Kelly J. DubbertSteven D. Evans

Sammie C. ClayRobert Smith III3

James L.Stull3

MarkL. Mullinix4

Raymond H. Laurence3

Andrea P. WolcottGordon R.G.

Werkema4

NOTE. A current list of these officers appears eachmonth in the Federal Reserve Bulletin.

1. The Chairman of a Federal Reserve Bank serves, bystatute, as Federal Reserve Agent.

2. Additional offices of these Banks are located atWindsor Locks, Connecticut; Utica at Oriskany, New

York; East Rutherford, New Jersey; Columbus, Ohio;Charleston, West Virginia; Columbia, South Carolina;Indianapolis, Indiana; Milwaukee, Wisconsin; DesMoines, Iowa; and Peoria, Illinois.

3. Senior Vice President4. Executive Vice President


2000


Conference of ChairmenThe chairmen of the Federal Reserve Banksare organized into the Conference of Chair-men, which meets to consider matters ofcommon interest and to consult with, andadvise, the Board of Governors. Such meet-ings, attended also by the deputy chairmen,were held in Washington on May 31 andJune 1, and on November 29 and 30, 2000.

The members of the Executive Commit-tee of the Conference of Chairmen during2000 were Jo Marie Dancik, chair; John F.Wieland, vice chair; and Peter G. Peterson,member.

On November 30, 2000, the conferenceelected its Executive Committee for 2001;it named John F. Wieland as chair, Peter G.Peterson as vice chair, and Charisse R. Lillieas the third member.

Conference of PresidentsThe presidents of the Federal Reserve Banksare organized into the Conference of Presi-dents, which meets periodically to considermatters of common interest and to consultwith, and advise, the Board of Governors.

Jerry L. Jordan, President of the FederalReserve Bank of Cleveland, served as chairof the conference in 2000, and J. AlfredBroaddus, Jr., President of the FederalReserve Bank of Richmond, served as itsvice chair. Stephen J. Ong, of the FederalReserve Bank of Cleveland, served as itssecretary, and Betty M. Fahed, of the FederalReserve Bank of Richmond, served as itsassistant secretary.

On October 31, 2000, the conferenceelected J. Alfred Broaddus, Jr., as its chairfor 2001-02, and Michael H. Moskow, Presi-dent of the Federal Reserve Bank of Chi-cago, as its vice chair.

Conference of FirstVice PresidentsThe Conference of First Vice Presidents ofthe Federal Reserve Banks was organized in1969 to meet periodically for the consider-ation of operations and other matters.

Richard K. Rasdall, Jr., First Vice Presi-dent of the Federal Reserve Bank of Kan-sas City, served as chair of the conferencein 2000, and Paul M. Connolly, First VicePresident of the Federal Reserve Bank ofBoston, served as its vice chair. Leesa M.Guy ton, of the Federal Reserve Bank ofKansas City, served as its secretary, andDavid Park, of the Federal Reserve Bank ofBoston, served as its assistant secretary.

DirectorsThe following list of directors of FederalReserve Banks and Branches, current as ofDecember 31, 2000, shows for each directorthe class of directorship, the director's prin-cipal organizational affiliation, and the datethe director's term expires. Each FederalReserve Bank has a nine-member board:three Class A and three Class B directors,who are elected by the stockholding memberbanks, and three Class C directors, who areappointed by the Board of Governors of theFederal Reserve System.

Class A directors represent the stockhold-ing member banks in each Federal ReserveDistrict. Class B and Class C directors repre-sent the public and are chosen with due, butnot exclusive, consideration to the interestsof agriculture, commerce, industry, services,labor, and consumers; they may not be offi-cers, directors, or employees of any bank orbank holding company. In addition, Class Cdirectors may not be stockholders of anybank or bank holding company.

For the election of Class A and Class Bdirectors, the Board of Governors classifiesthe member banks of each Federal ReserveDistrict into three groups. Each group, whichcomprises banks with similar capitalization,elects one Class A director and one Class Bdirector. Annually, the Board of Governorsdesignates one of the Class C directors aschair of the board of each District Bank, andit designates another Class C director asdeputy chair.

Federal Reserve Branches have either fiveor seven directors, a majority of whom areappointed by the parent Federal Reserve


2000


Bank; the others are appointed by the Board For the name of the chair and deputy chairof Governors. One of the directors appointed of the board of directors of each Reserveby the Board is designated annually as chair Bank and of the chair of each Branch, seeof the board of that Branch in a manner the preceding table, "Officers of Federalprescribed by the parent Federal Reserve Reserve Banks and Branches."Bank.

Directors of Federal Reserve Banks and Branches

Term expiresDec. 31

DISTRICT l—BOSTON

Class AEdwin N. Clift President and Chief Executive Officer, 2000

Merrill Merchants Bank, Bangor, MaineTerrence Murray Chairman and Chief Executive Officer, 2001

FleetBoston Financial Corporation,Boston, Massachusetts

Paul M. Ferguson President and Chief Executive Officer, 2002Pemigewasset National Bank,Plymouth, New Hampshire

Class BEdward Dugger III President and Chief Executive Officer, 2000

UNC Partners, Inc., Boston, MassachusettsRobert R. Glauber Chief Executive Officer, National Association 2001

of Securities Dealers, Inc., Washington, D.C.Orit Gadiesh Chairman, Bain & Company, Boston, Massachusetts 2002

Class CJames J. Norton Vice President, AFL-CIO, Washington, D.C. 2000William C. Brainard Professor of Economics, Yale University, 2001

New Haven, ConnecticutWilliam O. Taylor Chairman Emeritus, The Boston Globe, 2002

Boston, Massachusetts

DISTRICT 2 — N E W YORK

Class AWalter V. Shipley Retired Chairman, The Chase Manhattan 2000

Corporation, New York, New YorkT. Joseph Semrod Chairman and Chief Executive Officer, 2001

Summit Bancorp, Princeton, New JerseyGeorge W. Hamlin IV President and Chief Executive Officer, 2002

The Canandaigua National Bank and TrustCompany, Canandaigua, New York


2000


Term expiresDec. 31

DISTRICT 2, NEW YORK—Continued

Class BEugene R. McGrath Chairman, President, and Chief Executive 2000

Officer, Consolidated Edison Companyof New York, Inc., New York, New York

Ronay Menschel President, Phipps Houses, New York, New York 2001Ann M. Fudge Executive Vice President, Kraft Foods, Inc., and 2002

President, Coffee & Cereals Division,Tarrytown, New York

Class CCharles A. Heimbold, Jr Chairman and Chief Executive Officer, 2000

Bristol-Myers Squibb Co., New York, New YorkPeter G. Peterson Chairman, The Blackstone Group, 2001

New York, New YorkAlbert J. Simone President, Rochester Institute of Technology, 2002

Rochester, New York

BUFFALO BRANCH

Appointed by the Federal Reserve BankWilliam E. Swan President and Chief Executive Officer, 2000

First Niagara Bank, Lockport, New YorkMaureen Torrey Marshall ...Co-Owner, Torrey Farms, Inc., Elba, New York 2000Kathleen R. Whelehan Executive Vice President, Consumer Finance 2001

Division, HSBC, Buffalo, New YorkGeraldine C. Ochocinska ....Director, Region 9, UAW, Buffalo, New York 2002

Appointed by the Board of GovernorsJohn E. Friedlander President and Chief Executive Officer, 2000

Kaleida Health, Buffalo, New YorkBal Dixit President and Chief Executive Officer, 2001

Newtex Industries, Inc., Victor, New YorkPatrick P. Lee Chairman and Chief Executive Officer, 2002

International Motion Control, Inc.,Buffalo, New York

DISTRICT 3—PHILADELPHIA

Class AHarry Elwell III President and Chief Executive Officer, 2000

First National Bank of Absecon,Absecon, New Jersey

Rufus A. Fulton, Jr. Chairman, President, and Chief Executive Officer, 2001Fulton Financial Corporation,Lancaster, Pennsylvania


2000


Term expiresDec. 31

DISTRICT 3, Class A—Continued

Frank Kaminski, Jr. Chairman, President, and Chief Executive Officer, 2002Atlantic Central Bankers Bank,Camp Hill, Pennsylvania

Class BRobert D. Burns President and Chief Executive Officer, 2000

Burris Foods, Inc., Milford, DelawareHoward E. Cosgrove Chairman and Chief Executive Officer, 2001

Conectiv, Wilmington, DelawareRobert E. Chappell Chairman and Chief Executive Officer, 2002

Penn Mutual Life Insurance Co.,Philadelphia, Pennsylvania

Class CGlenn A. Schaeffer President, Pennsylvania Building and Construction 2000

Trades Council, Harrisburg, PennsylvaniaCharisse R. Lillie Partner, Ballard Spahr Andrews & Ingersoll, 2001

Philadelphia, PennsylvaniaJoan Carter President and Chief Operating Officer, 2002

UM Holdings Ltd., Haddonfield, New Jersey

DISTRICT 4—CLEVELAND

Class ADavid S. Dahlmann President and Chief Executive Officer, 2000

Southwest Bank, Greensburg, PennsylvaniaJohn R. Cochran Chairman and Chief Executive Officer, 2001

FirstMerit Corporation, Akron, OhioTiney M. McComb Chairman and President, Heartland BancCorp, 2002

Gahanna, Ohio

Class BCheryl L. Krueger-Horn President and Chief Executive Officer, 2000

Cheryl&Co., Westerville, OhioWayne R. Embry President and Chief Operating Officer, 2001

Cleveland Cavaliers, Cleveland, OhioDavid L. Nichols Chairman, Flooring America, Inc., 2002

Kennesaw, Georgia


2000


Term expiresDec. 31

DISTRICT 4, CLEVELAND—Continued

Class CRobert W. Mahoney Former Chairman, Diebold, Incorporated, 2000

Uniontown, OhioDavid H. Hoag Former Chairman, The LTV Corporation, 2001

Cleveland, OhioPhillip R. Cox President and Chief Executive Officer, 2002

Cox Financial Corporation, Cincinnati, Ohio

CINCINNATI BRANCH

Appointed by the Federal Reserve BankStephen P. Wilson President and Chief Executive Officer, 2000

Lebanon Citizens National Bank,Lebanon, Ohio

Jean R. Hale President and Chief Executive Officer, 2001Community Trust Bancorp, Inc.,Pikeville, Kentucky

Judith G. Clabes President and Chief Executive Officer, 2002Scripps Howard Foundation, Cincinnati, Ohio

V. Daniel Radford Executive Secretary-Treasurer, Cincinnati 2002AFL-CIO Labor Council, Cincinnati, Ohio

Appointed by the Board of GovernorsWayne Shumate Chairman and Chief Executive Officer, 2000

Kentucky Textiles, Inc., Paris, KentuckyThomas Revely III President and Chief Executive Officer, 2001

Cincinnati Bell Supply Co., Cincinnati, OhioGeorge C. Juilfs President and Chief Executive Officer, 2002

SENCORP, Newport, Kentucky

PITTSBURGH BRANCH

Appointed by the Federal Reserve BankThomas J. O' Shane President and Chief Executive Officer, 2000

Mid Am Bank, Toledo, OhioEdward V. Randall, Jr Management Consultant, Babst Calland 2001

Clements & Zomnir, Pittsburgh, PennsylvaniaGeorgia Berner President, Berner International Corp., 2002

New Castle, PennsylvaniaPeter N. Stephans Chairman and Chief Executive Officer, 2002

Trigon Incorporated, McMurray, Pennsylvania


2000


Term expiresDec. 31

DISTRICT 4, PITTSBURGH BRANCH—Continued

Appointed by the Board of GovernorsJohn T. Ryan III Chairman and Chief Executive Officer, 2000

Mine Safety Appliances Company,Pittsburgh, Pennsylvania

Gretchen R. Haggerty Vice President-Accounting and Finance, 2001U.S. Steel Group, Pittsburgh, Pennsylvania

Charles E. Bunch Senior Vice President, Strategic Planning and 2002Corporate Services, PPG Industries, Inc.,Pittsburgh, Pennsylvania

DISTRICT 5—RICHMOND

Class AElizabeth A. Duke President and Chief Executive Officer, 2000

The Bank of Tidewater,Virginia Beach, Virginia

James M. Culberson, Jr. Chairman Emeritus, First National Bank and 2001Trust Company, Asheboro, North Carolina

Fred L. Green III President and Chief Executive Officer, 2002The National Bank of South Carolina,Columbia, South Carolina

Class BJames E. Haden President and Chief Executive Officer, 2000

Martha Jefferson Hospital,Charlottesville, Virginia

Craig A. Ruppert President, Ruppert Nurseries, Inc., 2001Laytonsville, Maryland

W. Henry Harmon President and Chief Executive Officer, Columbia 2002Energy Resources, Charleston, West Virginia

Class CWesley S. Williams, Jr Partner, Covington & Burling, Washington, D.C. 2000Irwin Zazulia Retired President and Chief Executive Officer, 2001

Hecht's, Arlington, VirginiaJeremiah J. Sheehan Retired Chairman and Chief Executive Officer, 2002

Reynolds Metals Company, Richmond, Virginia

BALTIMORE BRANCH

Appointed by the Federal Reserve BankWilliam L. Jews President and Chief Executive Officer, 2000

Blue Cross and Blue Shield of Maryland,Owings Mills, Maryland

Virginia W. Smith Retired President and Chief Executive Officer, 2000Union National Bank, Westminster, Maryland


2000


Term expiresDec. 31

DISTRICT 5, BALTIMORE BRANCH

Appointed by the Federal Reserve Bank—Continued

Jeremiah E. Casey Director and Former Chairman, 2001Allfirst Financial, Inc.,Baltimore, Maryland

Dyan Brasington President, High Technology Council of Maryland, 2002Rockville, Maryland

Appointed by the Board of GovernorsVacancy 2000Owen E. Herrnstadt Director, International Department, International 2001

Association of Machinists and AerospaceWorkers, AFL-CIO, Upper Marlboro, Maryland

George L. Russell, Jr. Law Offices of Peter G. Angelos, 2002Baltimore, Maryland

CHARLOTTE BRANCH

Appointed by the Federal Reserve BankElleveen T. Poston President, Quality Transport, Inc., 2000

Lake City, South CarolinaCecil W. Sewell, Jr Chief Executive Officer, Centura Banks, Inc., 2000

Rocky Mount, North CarolinaWilliam H. Nock President and Chief Executive Officer, 2001

Sumter National Bank, Sumter, South CarolinaLucy J. Reuben Dean, School of Business, South Carolina State 2002

University, Orangeburg, South Carolina

Appointed by the Board of GovernorsJoan H. Zimmerman President, Southern Shows, Inc., 2000

Charlotte, North CarolinaJames F. Goodmon President and Chief Executive Officer, 2001

Capitol Broadcasting Company, Inc.,Raleigh, North Carolina

Michael A. Almond President and Chief Executive Officer, 2002Charlotte Regional Partnership,Charlotte, North Carolina

DISTRICT 6 — A T L A N T A

Class AD. Paul Jones, Jr Chairman and Chief Executive Officer, 2000

Compass Bancshares, Inc., Birmingham, Alabama


2000


Term expiresDec. 31


Waymon L. Hickman Chairman and Chief Executive Officer, 2001First Farmers and Merchants National Bank,Columbia, Tennessee

Richard G. Hickson President and Chief Executive Officer, 2002Trustmark Corporation, Jackson, Mississippi

Class BJohn Dane III President and Chief Executive Officer, 2000

Trinity Yachts, Inc., New Orleans, LouisianaSuzanne E. Boas President, Consumer Credit Counseling Service, Inc., 2001

Atlanta, GeorgiaJuanita P. Baranco Executive Vice President, Baranco Automotive Group, 2002

Morrow, Georgia

Class CPaula Lovell President, Lovell Communications, Inc., 2000

Nashville, TennesseeMaria Camila Leiva Executive Vice President, Miami Free Zone 2001

Corporation, Miami, FloridaJohn F. Wieland Chief Executive Officer and Chairman, 2002

John Wieland Homes and Neighborhoods, Inc.,Atlanta, Georgia

BIRMINGHAM BRANCH

Appointed by the Federal Reserve BankRoland Pugh Chairman, Roland Pugh Construction, Inc., 2000

Northport, AlabamaHundley Batts, Sr. Owner and Managing Agent, Hundley Batts & 2000

Associates, Huntsville, AlabamaRobert M. Barrett Past President, Union Planters National Bank, 2001

Deatsville, AlabamaW. Charles Mayer III President, Alabama Banking Group, 2002

AmSouth Bank, Birmingham, Alabama

Appointed by the Board of GovernorsD. Bruce Carr Labor-Relations Liaison, Laborers' District 2000

Council of Alabama, Gadsden, AlabamaCatherine Sloss Crenshaw ...President, Sloss Real Estate Group, 2001

Birmingham, AlabamaV. Larkin Martin Managing Partner, Martin Farm, Courtland, Alabama 2002


2000


Term expiresDec. 31

DISTRICT 6, ATLANTA—Continued

JACKSONVILLE BRANCH

Appointed by the Federal Reserve BankTerry R. West President and Chief Executive Officer, Jax Navy 2000

Federal Credit Union, Jacksonville, FloridaMichael W. Poole Principal, Poole Carbone Capital Partners, Inc., 2000

Winter Park, FloridaHarvey R. Heller President, Heller Bros. Packing Corp., 2001

Winter Garden, FloridaJerry M. Smith Chairman and President, First National Bank of 2002

Alachua, Alachua, FloridaAppointed by the Board of GovernorsWilliam E. Flaherty Chairman, Blue Cross and Blue Shield of 2000

Florida, Inc., Jacksonville, FloridaJulie K. Hilton Vice President & Partner, Paradise Found 2001

Resorts & Hotels, Panama City Beach, FloridaMarsha G. Rydberg Partner, Rydberg & Petitt, P.A., Tampa, Florida 2002

MIAMI BRANCH

Appointed by the Federal Reserve BankCarlos A. Migoya Regional President, Dade/Monroe Counties, 2000

First Union National Bank of Florida,Miami, Florida

Rudy Everett Schupp Chairman and Chief Executive Officer, 2001Republic Security Bank,West Palm Beach, Florida

D. Keith Cobb Chairman, Laundromax, Inc., Ft. Lauderdale, Florida 2002James W. Moore Managing Partner, Riverside Capital, LLC, 2002

Fort Myers, Florida

Appointed by the Board of GovernorsKaaren Johnson-Street President, Kaaren Street Associates, Inc., 2000

Miami, FloridaRosa Sugranes Chairman and Founder, Iberia Tiles, 2001

Miami, FloridaMark T. Sodders President, Lakeview Farms, Inc., 2002

Pahokee, Florida


2000


Term expiresDec. 31

DISTRICT 6, NASHVILLE BRANCH

Appointed by the Federal Reserve BankJames E. Dalton, Jr President and Chief Executive Officer, 2000

Quorum Health Group, Inc.,Brentwood, Tennessee

John E. Seward, Jr. Managing Director, Allied Jet International, 2000Piney Flats, Tennessee

Dale W. Polley Past President, First American Corporation, 2001Nashville, Tennessee

Leonard A. Walker, Jr. Chairman and Chief Executive Officer, 2002First National Bank and Trust Company,Athens, Tennessee

Appointed by the Board of GovernorsWhitney Johns Martin Chairman and Chief Executive Officer, 2000

Capital Across America, Nashville, TennesseeFrances F. Marcum Partner, Marcum Capital, L.L.C., 2001

Tullahoma, TennesseeBeth Dortch Franklin President and Chief Executive Officer, 2002

Star Transportation, Inc., Nashville, Tennessee

NEW ORLEANS BRANCH

Appointed by the Federal Reserve BankTeri G. Fontenot President and Chief Executive Officer, 2000

Woman's Health Foundation,Baton Rouge, Louisiana

David Guidry President and Chief Executive Officer, 2000Guico Machine Works, Inc., Harvey, Louisiana

Howell N. Gage Chairman, Vicksburg Advisory Group, 2001BankCorp South, Vicksburg, Mississippi

C.R. Cloutier President and Chief Executive Officer, 2002MidSouth National Bank, Lafayette, Louisiana

Appointed by the Board of GovernorsBen Tom Roberts Senior Executive Vice President/Owner, 2000

Roberts Brothers, Inc., Mobile, AlabamaDwight H. Evans President and Chief Executive Officer, 2001

Mississippi Power Company,Gulfport, Mississippi

R. Glenn Pumpelly President and Chief Executive Officer, 2002Pumpelly Oil, Inc., Sulphur, Louisiana


2000


Term expiresDec. 31

DISTRICT 7—CHICAGO

Class ARobert R. Yohanan Managing Director and Chief Executive Officer, 2000

First Bank & Trust, Evanston, IllinoisAlan R. Tubbs President, Maquoketa State Bank and Ohnward 2001

Bancshares, Inc., Maquoketa, IowaVerne G. Istock Retired President, BANK ONE Corporation, 2002

Chicago, Illinois

Class BJack B. Evans President, The Hall-Perrine Foundation, 2000

Cedar Rapids, IowaJames H. Keyes Chairman and Chief Executive Officer, 2001

Johnson Controls, Inc., Milwaukee, WisconsinConnie E. Evans President, Women's Self-Employment Project, 2002

Chicago, Illinois

Class CLester H. McKeever, Jr Managing Principal, Washington, Pittman & 2000

McKeever, Chicago, IllinoisArthur C. Martinez Retired Chairman and Chief Executive Officer, 2001

Sears, Roebuck and Co., Chicago, IllinoisRobert J. Darnall Chairman and Chief Executive Officer, 2002

Prime Advantage Chicago, Chicago, Illinois

DETROIT BRANCH

Appointed by the Federal Reserve BankDavid J. Wagner Chairman, President, and Chief Executive Officer, 2000

Old Kent Financial Corporation,Grand Rapids, Michigan

Richard M. Bell President and Chief Executive Officer, 2001The First National Bank of Three Rivers,Three Rivers, Michigan

Mark T. Gaffney President, Michigan State AFL-CIO, 2002Lansing, Michigan

Irma B. Elder President, Elder Ford, Troy, Michigan 2002

Appointed by the Board of GovernorsTimothy D. Leuliette Senior Managing Director and Chief Executive 2000

Officer, Heartland Industrial Partners,Bloomfield Hills, Michigan

Stephen R. Polk Chairman and Chief Executive Officer, 2001R.L. Polk & Co., Southfield, Michigan

Edsel B. Ford II Board Director, Ford Motor Company, 2002Dearborn, Michigan


2000


Term expiresDec. 31

DISTRICT 8—ST. LOUIS

Class AMichael A. Alexander Chairman and President, First National Bank, 2000

Mt. Vernon, IllinoisThomas H. Jacobsen Chairman, Firstar Corporation, 2001

St. Louis, MissouriLunsford W. Bridges President and Chief Executive Officer, 2002

Metropolitan National Bank,Little Rock, Arkansas

Class BRobert L. Johnson Chairman and Chief Executive Officer, 2000

Johnson Bryce, Inc., Memphis, TennesseeBert Green wait Partner, Greenwalt Company, Hazen, Arkansas 2001Joe Gliessner Executive Director, New Directions Housing Corp., 2002

Louisville, Kentucky

Class CSusan S. Elliott Chairman and Chief Executive Officer, 2000

Systems Service Enterprises, Inc.,St. Louis, Missouri

Charles W. Mueller Chairman, President, and Chief Executive Officer, 2001Ameren Corporation, St. Louis, Missouri

Gayle P.W. Jackson Managing Director, Lange, Mullen & Bohn, L.L.C., 2002Global Financial Solutions, St. Louis, Missouri

LITTLE ROCK BRANCH

Appointed by the Federal Reserve BankRaymond E. Skelton Chief Executive Officer, Firstar Bank of Arkansas, 2000

Little Rock, ArkansasLawrence A. Davis, Jr Chancellor, University of Arkansas at Pine Bluff, 2001

Pine Bluff, ArkansasEverett Tucker III Moses Nosari Tucker Real Estate, 2002

Little Rock, ArkansasVacancy 2002

Appointed by the Board of GovernorsVacancy 2000Vick M. Crawley Plant Manager, Baxter Healthcare Corporation, 2001

Mountain Home, ArkansasA. Rogers Yarnell II President, Yarnell Ice Cream Co., Inc., 2002

Searcy, Arkansas


2000


Term expiresDec. 31

DISTRICT 8, LOUISVILLE BRANCH

Appointed by the Federal Reserve BankFrank J. Nichols Chairman, President, and Chief Executive Officer, 2000

Community Financial Services, Inc.,Benton, Kentucky

Orson Oliver President, Mid-America Bank of Louisville, 2001Louisville, Kentucky

Larry E. Dunigan Chairman and Chief Executive Officer, 2002Holiday Management Corp., Evansville, Indiana

Edwin K. Page Vice President, External Affairs, 2002AP Technoglass Co., Elizabethtown, Kentucky

Appointed by the Board of GovernorsDebbie Scoppechio Chairman and Chief Executive Officer, 2000

Creative Alliance, Inc., Louisville, KentuckyRoger Reynolds Reynolds Group, L.L.C., Louisville, Kentucky 2001J. Stephen Barger Executive Secretary-Treasurer, Kentucky State 2002

District Council of Carpenters, AFL-CIO,Frankfort, Kentucky

MEMPHIS BRANCH

Appointed by the Federal Reserve BankE.C. Neelly III Management Consultant, First American 2000

National Bank, Tupelo, MississippiWalter L. Morris, Jr President, H&M Lumber Co., Inc., 2001

West Helena, ArkansasJames A. England Chairman, President, and Chief Executive Officer, 2002

Decatur County Bank, Decaturville, TennesseeJohn C. Kelley, Jr President, Business Financial Services, 2002

First Tennessee Bank, Memphis, Tennessee

Appointed by the Board of GovernorsCarol G. Crawley Senior Vice President, Memphis Area Chamber 2000

of Commerce, Memphis, TennesseeGregory M. Duckett Senior Vice President and Corporate Counsel, 2001

Baptist Memorial Health Care Corporation,Memphis, Tennessee

Mike P. Sturdivant, Jr Partner, Due West, Glendora, Mississippi 2002


2000


Term expiresDec. 31

DISTRICT 9—MINNEAPOLIS

Class ABruce Parker President, Norwest Bank Montana, 2000

Billings, MontanaW.W. LaJoie Chief Executive Officer and Chairman, 2001

Central Savings Bank, Sault Ste. Marie, MichiganRoger N. Berglund Chairman and President, Dakota Western Bank, 2002

Bowman, North Dakota

Class BKathryn L. Ogren Owner, Bitterroot Motors, Missoula, Montana 2000Jay F. Hoeschler President and Owner, Hoeschler Corporation, 2001

La Crosse, WisconsinRob L. Wheeler Vice President, Wheeler Manufacturing Co., Inc., 2002

Lemmon, South Dakota

Class CRonald N. Zwieg President, United Food & Commercial Workers, 2000

Local 653, Plymouth, MinnesotaJames J. Howard Chairman, Xcel Energy, Inc., Minneapolis, Minnesota 2001Linda Hall Whitman President, Ceridian, Maple Plain, Minnesota 2002

HELENA BRANCH

Appointed by the Federal Reserve BankEmil W. Erhardt Chairman and President, Citizens State Bank, 2000

Hamilton, MontanaSandra M. Stash, P.E General Manager, Chemicals, OBC and 2000

Upstream Operations, ARCO EnvironmentalRemediation, L.L.C., Anaconda, Montana

Richard E. Hart President, Mountain West Bank, 2001Great Falls, Montana

Appointed by the Board of GovernorsWilliam P. Underriner General Manager, Selover Buick Inc., 2000

Billings, MontanaThomas O. Markle President and Chief Executive Officer, 2001

Markle's, Inc., Glasgow, Montana


2000


Term expiresDec. 31

DISTRICT 10—KANSAS CITY

Class ABruce A. Schriefer President, Bankers' Bank of Kansas, 2000

Wichita, KansasJeffrey L. Gerhart President and Chief Executive Officer, 2001

First National Bank, Newman Grove, NebraskaDennis E. Barrett Vice Chairman, FirstBank Holding Company of 2002

Colorado, Lakewood, Colorado

Class BHans Helmerich President and Chief Executive Officer, 2000

Helmerich & Payne, Inc., Tulsa, OklahomaFrank A. Potenziani M&T Trust, Albuquerque, New Mexico 2001Paula Marshall-Chapman ....Chief Executive Officer, The Bama Companies, Inc., 2002

Tulsa, Oklahoma

Class CTerrence P. Dunn President and Chief Executive Officer, 2000

J.E. Dunn Construction Company,Kansas City, Missouri

Jo Marie Dancik Area Managing Partner, Ernst & Young, L.L.P, 2001Denver, Colorado

Rhonda Holman Vice President, Kauffman Center for 2002Entrepreneurial Leadership at the Ewing MarionKauffman Foundation, Kansas City, Missouri

DENVER BRANCH

Appointed by the Federal Reserve BankRobert M. Murphy President, Sandia Properties, Ltd., Co., 2000

Albuquerque, New MexicoJohn W. Hay III President, Rock Springs National Bank, 2000

Rock Springs, WyomingAlbert C. Yates President, Colorado State University, 2001

Ft. Collins, ColoradoVacancy 2002

Appointed by the Board of GovernorsKathryn A. Paul President, Western Operations (Retired), 2000

Kaiser Permanente, Denver, ColoradoJames A. King Chief Executive Officer, BT, Inc., 2001

Riverton, WyomingKathleen Avila Partner and Chief Executive Officer, 2002

Avila Retail, Albuquerque, New Mexico


2000


Term expiresDec. 31

DISTRICT 10, OKLAHOMA CITY BRANCH

Appointed by the Federal Reserve BankMichael S. Samis President and Chief Executive Officer, 2000

Macklanburg-Duncan Co.,Oklahoma City, Oklahoma

Betty Bryant Shaull President-Elect and Director, Bank of Cushing 2001and Trust Company, Cushing, Oklahoma

W. Carlisle Mabrey III President and Chief Executive Officer, 2001Citizens Bank & Trust Co.,Okmulgee, Oklahoma

Robert A. Funk Chairman and Chief Executive Officer, 2002Express Personnel Services,Oklahoma City, Oklahoma

Appointed by the Board of GovernorsPatricia B. Fennell Executive Director, Latino Community 2000

Development Agency,Oklahoma City, Oklahoma

David L. Kruse II Senior Vice President, American Airlines, Inc., 2001Tulsa, Oklahoma

Vacancy 2002

OMAHA BRANCH

Appointed by the Federal Reserve BankFrank L. Hayes President, Hayes & Associates, L.L.C., 2000

Omaha, NebraskaH.H. Kosman Chairman, President, and Chief Executive Officer, 2000

Platte Valley National Bank,Scottsbluff, Nebraska

Bill L. Fairfield Omaha, Nebraska 2001Judith A. Owen President and Chief Executive Officer, 2002

Norwest Bank Nebraska, N.A.,Omaha, Nebraska

Appointed by the Board of GovernorsA.F. Raimondo Chairman and Chief Executive Officer, 2000

Behlen Manufacturing Co.,Columbus, Nebraska

Gladys Styles Johnston Chancellor, University of Nebraska at Kearney, 2001Kearney, Nebraska

Bob L. Gottsch Vice President, Gottsch Feeding Corporation, 2002Hastings, Nebraska


2000


Term expiresDec. 31

DISTRICT ll—DALLAS

Class AKirk A. McLaughlin President and Chief Executive Officer, 2000

Security Bank, Rails, TexasDudley K. Montgomery President and Chief Executive Officer, 2001

The Security State Bank of Pecos,Pecos, Texas

Kenneth T. Murphy Chairman, President, and Chief Executive Officer, 2002First Financial Bankshares, Inc.,Abilene, Texas

Class BJudy Ley Allen Co-Manager and Partner, The Fairways at Pole 2000

Creek Development, L.L.C.,Houston, Texas

Julie S. England Vice President, Texas Instruments, Dallas, Texas 2001Malcolm Gillis President, Rice University, Houston, Texas 2002

Class CH.B. Zachry, Jr Chairman and Chief Executive Officer, 2000

H.B. Zachry Company, San Antonio, TexasRoger R. Hemminghaus Chairman Emeritus, Ultramar Diamond 2001

Shamrock Corp., San Antonio, TexasPatricia M. Patterson President, Patterson Investments, Inc., 2002

Dallas, Texas

EL PASO BRANCH

Appointed by the Federal Reserve BankCecil E. Nix Member, International Brotherhood of Electrical 2000

Workers, Local 460, Midland, TexasLester L. Parker President and Chief Executive Officer, 2001

United Bank of El Paso, El Paso, TexasJames D. Renfrow President and Chief Executive Officer, 2002

The Carlsbad National Bank,Carlsbad, New Mexico

Melissa W. O'Rourke President, Charlotte's, Inc., El Paso, Texas 2002

Appointed by the Board of GovernorsGail S. Darling President, Gail Darling, Inc., El Paso, Texas 2000Beauregard Brite White Rancher, J.E. White, Jr. & Sons, Marfa, Texas 2001James Haines Chief Executive Officer and President, 2002

El Paso Electric Company, El Paso, Texas


2000


Term expiresDec. 31

DISTRICT 11, HOUSTON BRANCH

Appointed by the Federal Reserve BankAlan R. Buckwalter III Chairman and Chief Executive Officer, 2000

Chase Bank of Texas, N.A.,Houston, Texas

Richard W. Weekley Chairman, Weekley Development Company, 2001Houston, Texas

Priscilla D. Slade President, Texas Southern University, 2002Houston, Texas

Ray B. Nesbitt President (Retired), Exxon Chemical Company, 2002Houston, Texas

Appointed by the Board of GovernorsJeffrey K. Skilling President and Chief Operating Officer, 2000

Enron Corp., Houston, TexasEdward O. Gay lord Chairman, Jacintoport Terminal Company, 2001

Houston, TexasVacancy 2002

SAN ANTONIO BRANCH

Appointed by the Federal Reserve BankArthur R. Emerson Groves, Rojas, Emerson, San Antonio, Texas 2000R. Tom Roddy Chairman, CaminoReal Bank, San Antonio, Texas 2001Mary Rose Cardenas Vice President, Cardenas Motors, Inc., 2002

Brownsville, TexasDaniel B. Hastings, Jr President and Owner, Daniel B. Hastings, Inc., 2002

Laredo, Texas

Appointed by the Board of GovernorsMarvin L. Ragsdale President, Iron Workers District Council of the 2000

State of Texas, Austin, TexasRon R. Harris President and Chief Executive Officer, Pervasive 2001

Software, Austin, TexasPatty P. Mueller Vice President, Mueller Energetics Corp., 2002

Corpus Christi, Texas


2000


Term expiresDec. 31

DISTRICT 12—SAN FRANCISCO

Class AJohn V. Rindlaub President, Northwest Banking, Bank of America, 2000

Seattle, WashingtonWarren K.K. Luke Chairman and Chief Executive Officer, 2001

Hawaii National Bank, Honolulu, HawaiiE. Lynn Caswell Vice Chairman and Chief Executive Officer, 2002

EarthOne Capital Group.com,Laguna Hills, California

Class BKrestine Corbin President and Chief Executive Officer, 2000

Sierra Machinery, Inc., Sparks, NevadaGeorge M. Scalise President, Semiconductor Industry Association, 2001

San Jose, CaliforniaRobert S. Attiyeh Senior Vice President and Chief Financial Officer 2002

(Retired), Consultant, Amgen, Inc.,Los Angeles, California

Class CNelson C. Rising Chairman and Chief Executive Officer, 2000

Catellus Development Corporation,San Francisco, California

Sheila D. Harris Consultant, Harris Consulting, 2001Litchfield Park, Arizona

Gary G. Michael Chairman and Chief Executive Officer, 2002Albertson's, Inc., Boise, Idaho

Los ANGELES BRANCH

Appointed by the Federal Reserve BankLiam E. McGee President, Bank of America California, 2000

Los Angeles, CaliforniaLinda Griego Managing Partner, Engine Co. No. 28, 2000

Los Angeles, CaliforniaRussell Goldsmith Chairman and Chief Executive Officer, 2001

City National Bank, Beverly Hills, CaliforniaJohn H. Gleason Executive Vice President, Del Webb Corporation, 2002

Phoenix, Arizona

Appointed by the Board of GovernorsLonnie Kane President, Karen Kane, Inc., Los Angeles, California 2000William D. Jones Chairman, President, and Chief Executive Officer, 2001

CityLink Investment Corporation,San Diego, California

Lori R. Gay President, Los Angeles Neighborhood Housing 2002Service, Los Angeles, California


2000


Term expiresDec. 31

DISTRICT 12, PORTLAND BRANCH

Appointed by the Federal Reserve BankGuy L. Williams President and Chief Executive Officer, 2000

Security Bank, Coos Bay, OregonVacancy 2001Phyllis A. Bell President, Oregon Coast Aquarium, 2002

Newport, OregonMartin Brantley President and General Manager, 2002

Oregon's 12-KPTV, Portland, Oregon

Appointed by the Board of GovernorsPatrick Borunda Director, Oweesta Fund, First Nations 2000

Development Institute,Vancouver, Washington

Karla S. Chambers Vice President, Stahlbush Island Farms, Inc., 2001Corvallis, Oregon

Nancy Wilgenbusch President, Marylhurst University, 2002Marylhurst, Oregon

SALT LAKE CITY BRANCH

Appointed by the Federal Reserve BankR.D. Cash Chairman, President, and Chief Executive Officer, 2000

Questar Corporation, Salt Lake City, UtahCurtis H. Harris Chairman, President, and Chief Executive Officer, 2001

Barnes Banking Company, Kaysville, UtahJ. Pat McMurray President, First Security Bank, N.A., Boise, Idaho 2002Maria Garciaz Executive Director, Salt Lake Neighborhood 2002

Housing Services, Salt Lake City, Utah

Appointed by the Board of GovernorsBarbara L. Wilson Idaho and Regional Vice President, 2000

Qwest Communications International, Inc.,Boise, Idaho

Gary L. Crocker Chairman, ARUP Laboratories, Salt Lake City, Utah 2001H. Roger Boyer Chairman, The Boyer Company, Salt Lake City, Utah 2002


2000


Term expiresDec. 31

DISTRICT 12, SEATTLE BRANCH

Appointed by the Federal Reserve BankBetsy Lawer Vice Chair and Chief Operating Officer, 2000

First National Bank of Anchorage,Anchorage, Alaska

Peter H. van Oppen Chairman and Chief Executive Officer, 2001Advanced Digital Information Corp.,Redmond, Washington

Mary E. Pugh President, Pugh Capital Management, Inc., 2002Seattle, Washington

James C. Hawkanson Managing Director and Chief Executive Officer, 2002The Commerce Bank of Washington, N.A.,Seattle, Washington

Appointed by the Board of GovernorsRichard R. Sonstelie Chairman (Retired), Puget Sound Energy, Inc., 2000

Bellevue, WashingtonHelen M. Rockey Chief Executive Officer and President (Retired), 2001

Just for Feet, Inc., Seattle, WashingtonBoyd E. Givan Senior Vice President and Chief Financial 2002

Officer (Retired), The Boeing Company,Seattle, Washington


2000


Membership of the Board of Governors, 1913-2000

Appointed Members

Name Federal ReserveDistrict

Date initially tookoath of office Other datesl

Charles S. Hamlin

Paul M. WarburgFrederic A. DelanoW.RG. HardingAdolph C. Miller

Albert StraussHenry A. MoehlenpahEdmund Platt

David C. WillsJohn R. MitchellMilo D. CampbellDaniel R. CrissingerGeorge R. James

Edward H. CunninghamRoy A. YoungEugene MeyerWayland W. MageeEugene R. BlackM.S. Szymczak

J.J. ThomasMarriner S. Eccles

Joseph A. BroderickJohn K. McKeeRonald RansomRalph W. MorrisonChester C. Davis

Ernest G. DraperRudolph M. EvansJames K. Vardaman, Jr.Lawrence ClaytonThomas B. McCabeEdward L. NortonOliver S. PowellWm. McC. Martin, Jr.

A.L. Mills, Jr.

J.L. Robertson

Boston

New YorkChicagoAtlantaSan Francisco

New YorkChicagoNew York

ClevelandMinneapolisChicagoClevelandSt. Louis

ChicagoMinneapolisNew YorkKansas CityAtlantaChicago

Kansas CitySan Francisco

New YorkClevelandAtlantaDallasRichmond

New YorkRichmondSt. LouisBostonPhiladelphiaAtlantaMinneapolisNew York

San Francisco

Kansas City

Aug. 10, 1914

Aug. 10, 1914Aug. 10, 1914Aug. 10, 1914Aug. 10, 1914

Oct. 26, 1918Nov. 10, 1919June 8, 1920

Sept. 29, 1920May 12, 1921Mar. 14, 1923May 1, 1923May 14, 1923

May 14, 1923Oct. 4, 1927Sept. 16, 1930May 18, 1931May 19, 1933June 14, 1933

June 14, 1933Nov. 15, 1934

Feb. 3, 1936Feb. 3, 1936Feb. 3, 1936Feb. 10, 1936June 25, 1936

Mar. 30, 1938Mar. 14, 1942Apr. 4, 1946Feb. 14, 1947Apr. 15, 1948Sept. 1, 1950Sept. 1, 1950April 2, 1951

Feb. 18, 1952

Feb. 18, 1952

Reappointed in 1916 and 1926. Serveduntil Feb. 3, 1936.2

Term expired Aug. 9, 1918.Resigned July 21, 1918.Term expired Aug. 9, 1922.Reappointed in 1924. Reappointed in 1934

from the Richmond District. Serveduntil Feb. 3, 1936.2

Resigned Mar. 15, 1920.Term expired Aug. 9, 1920.Reappointed in 1928. Resigned Sept. 14,

1930.Term expired Mar. 4, 1921.Resigned May 12, 1923.Died Mar. 22, 1923.Resigned Sept. 15, 1927.Reappointed in 1931. Served until Feb. 3,

1936.3

Died Nov. 28, 1930.Resigned Aug. 31, 1930.Resigned May 10, 1933.Term expired Jan. 24, 1933.Resigned Aug. 15, 1934.Reappointed in 1936 and 1948. Resigned

May 31, 1961.Served until Feb. 10, 1936.2

Reappointed in 1936, 1940, and 1944.Resigned July 14, 1951.

Resigned Sept. 30, 1937.Served until Apr. 4, 1946.2

Reappointed in 1942. Died Dec. 2, 1947.Resigned July 9, 1936.Reappointed in 1940. Resigned Apr. 15,

1941.Served until Sept. 1, 1950.2

Served until Aug. 13, 1954.2

Resigned Nov. 30, 1958.Died Dec. 4, 1949.Resigned Mar. 31, 1951.Resigned Jan. 31, 1952.Resigned June 30, 1952.Reappointed in 1956. Term expired

Jan. 31, 1970.Reappointed in 1958. Resigned Feb. 28,

1965.Reappointed in 1964. Resigned Apr. 30,

1973.


2000

Membership of the Board of Governors, 1913-2000 305

Appointed Members—Continued

Name

C. Canby BalderstonPaul E. MillerChas. N. ShepardsonG.H. King, Jr.

George W. Mitchell

J. Dewey DaaneSherman J. MaiselAndrew F. BrimmerWilliam W. Sherrill

Arthur F. Burns

John E. SheehanJeffrey M. BucherRobert C. HollandHenry C. WallichPhilip E. ColdwellPhilip C. Jackson, Jr.J. Charles ParteeStephen S. GardnerDavid M. LillyG. William MillerNancy H. TeetersEmmett J. RiceFrederick H. SchultzPaul A. VolckerLyle E. GramleyPreston MartinMartha R. SegerWayne D. AngellManuel H. JohnsonH. Robert HellerEdward W. Kelley, Jr.Alan GreenspanJohn P. LaWareDavid W. Mullins, Jr.Lawrence B. LindseySusan M. PhillipsAlan S. BlinderJanet L. YellenLaurence H. MeyerAlice M. RivlinRoger W. Ferguson, Jr.Edward M. Gramlich

Federal ReserveDistrict

PhiladelphiaMinneapolisDallasAtlanta

Chicago

RichmondSan FranciscoPhiladelphiaDallas

New York

St. LouisSan FranciscoKansas CityBostonDallasAtlantaRichmondPhiladelphiaMinneapolisSan FranciscoChicagoNew YorkAtlantaPhiladelphiaKansas CitySan FranciscoChicagoKansas CityRichmondSan FranciscoDallasNew YorkBostonSt. LouisRichmondChicagoPhiladelphiaSan FranciscoSt. LouisPhiladelphiaBostonRichmond

Date initially tookoath of office

Aug. 12, 1954Aug. 13, 1954Mar. 17, 1955Mar. 25, 1959

Aug. 31, 1961

Nov. 29, 1963Apr. 30, 1965Mar. 9, 1966May 1, 1967

Jan. 31, 1970

Jan. 4, 1972June 5, 1972June 11, 1973Mar. 8, 1974Oct. 29, 1974July 14, 1975Jan. 5, 1976Feb. 13, 1976June 1, 1976Mar. 8, 1978Sept. 18, 1978June 20, 1979July 27, 1979Aug. 6, 1979May 28, 1980Mar. 31, 1982July 2, 1984Feb.7,1986Feb. 7, 1986Aug. 19, 1986May 26, 1987Aug. 11, 1987Aug. 15, 1988May 21, 1990Nov. 26, 1991Dec. 2, 1991June 27, 1994Aug. 12, 1994June 24, 1996June 25, 1996Nov. 5, 1997Nov. 5, 1997

Other dates1

Served through Feb. 28, 1966.Died Oct. 21, 1954.Retired Apr. 30, 1967.Reappointed in 1960. Resigned Sept. 18,

1963.Reappointed in 1962. Served until

Feb. 13, 1976.2

Served until Mar. 8, 1974.2

Served through May 31, 1972.Resigned Aug. 31, 1974.Reappointed in 1968. Resigned Nov. 15,

1971.Term began Feb. 1, 1970. Resigned

Mar. 31, 1978.Resigned June 1, 1975.Resigned Jan. 2, 1976.Resigned May 15, 1976.Resigned Dec. 15, 1986.Served through Feb. 29, 1980.Resigned Nov. 17, 1978.Served until Feb. 7, 1986.2

Died Nov. 19, 1978.Resigned Feb. 24, 1978.Resigned Aug. 6, 1979.Served through June 27, 1984.Resigned Dec. 31, 1986.Served through Feb. 11, 1982.Resigned August 11, 1987.Resigned Sept. 1, 1985.Resigned April 30, 1986.Resigned March 11, 1991.Served through Feb. 9, 1994.Resigned August 3, 1990.Resigned July 31, 1989.Reappointed in 1990.Reappointed in 1992.Resigned April 30, 1995.Resigned Feb. 14, 1994.Resigned Feb. 5, 1997.Served through June 30, 1998.Term expired Jan. 31, 1996.Resigned Feb. 17, 1997.

Resigned July 16, 1999.

NOTE. Under the original Federal Reserve Act, theFederal Reserve Board was composed of five appointedmembers, the Secretary of the Treasury (ex-officio chair-man of the Board), and the Comptroller of the Currency.The original term of office was ten years; the five originalappointed members had terms of two, four, six, eight, andten years. In 1922 the number of appointed members wasincreased to six, and in 1933 the term of office was raised

to twelve years. The Banking Act of 1935 changed thename to the Board of Governors of the Federal ReserveSystem and provided that the Board be composed ofseven appointed members; that the Secretary of the Trea-sury and the Comptroller of the Currency continue toserve until Feb. 1, 1936; that the appointed members inoffice on Aug. 23, 1935, continue to serve until Feb. 1,1936, or until their successors were appointed and had


2000


CHAIRMEN3

Charles S. HamlinW.RG. HardingDaniel R. CrissingerRoy A. YoungEugene MeyerEugene R. BlackMarriner S. EcclesThomas B. McCabeWm. McC. Martin, Jr.Arthur E BurnsG. William MillerPaul A. VolckerAlan Greenspan

Aug. 10, 1914-Aug. 9, 1916Aug. 10, 1916-Aug. 9, 1922May 1, 1923-Sept. 15, 1927Oct. 4, 1927-Aug. 31, 1930Sept. 16, 1930-May 10, 1933May 19, 1933-Aug. 15, 1934Nov. 15, 1934-Jan. 31, 19484

Apr. 15, 1948-Mar. 31, 1951Apr. 2,1951-Jan. 31, 1970Feb. 1, 1970-Jan. 31, 1978Mar. 8, 1978-Aug. 6, 1979Aug. 6, 1979-Aug. 11, 1987Aug. 11, 1987-5

VICE CHAIRMEN3

Frederic A. DelanoPaul M. WarburgAlbert StraussEdmund PlattJ.J. ThomasRonald RansomC. Canby BalderstonJ.L. RobertsonGeorge W. MitchellStephen S. GardnerFrederick H. SchultzPreston MartinManuel H. JohnsonDavid W. Mullins, Jr.Alan S. BlinderAlice M. RivlinRoger W. Ferguson, Jr.

Aug. 10, 1914-Aug. 9,1916Aug. 10, 1916-Aug. 9, 1918Oct. 26, 1918-Mar. 15, 1920July 23, 1920-Sept. 14, 1930Aug. 21, 1934-Feb. 10, 1936Aug. 6, 1936-Dec. 2, 1947Mar. 11, 1955-Feb. 28, 1966Mar. 1, 1966-Apr. 30, 1973May 1, 1973-Feb. 13, 1976Feb. 13, 1976-Nov. 19,1978July 27, 1979-Feb. 11, 1982Mar. 31, 1982-Apr. 30,1986Aug. 4, 1986-Aug. 3, 1990July 24, 1991-Feb. 14, 1994June 27, 1994-Jan. 31, 1996June 25, 1996-July 16, 1999Oct. 5, 1999-

Ex-Officio MembersSECRETARIES OF THE TREASURYW.G. McAdooCarter GlassDavid F. HoustonAndrew W. MellonOgden L. MillsWilliam H. WoodinHenry Morgenthau, Jr.

Dec. 23, 1913-Dec. 15, 1918Dec. 16,1918-Feb. 1,1920Feb. 2,1920-Mar. 3,1921Mar. 4, 1921-Feb. 12, 1932Feb. 12, 1932-Mar. 4, 1933Mar. 4, 1933-Dec. 31, 1933Jan. 1, 1934-Feb. 1, 1936

COMPTROLLERS OF THE CURRENCYJohn Skelton WilliamsDaniel R. CrissingerHenry M. DawesJoseph W. MclntoshJ.W PoleJ.F.T. O'Connor

Feb. 2,1914-Mar. 2, 1921Mar. 17, 1921-Apr. 30, 1923May 1,1923-Dec. 17,1924Dec. 20, 1924-Nov. 20, 1928Nov. 21, 1928-Sept. 20, 1932Mayll , 1933-Feb. 1,1936

qualified; and that thereafter the terms of members befourteen years and that the designation of Chairman andVice Chairman of the Board be for four years.

1. Date following "Resigned" and "Retired" denotesfinal day of service.

2. Successor took office on this date.

3. Before Aug. 23, 1935, Chairmen and Vice Chair-men were designated Governor and Vice Governor.

4. Served as Chairman Pro Tempore from February 3,1948, to April 15, 1948.

5. Served as Chairman Pro Tempore from March 3,1996, to June 20, 1996.


2000


Thrift Institutions Advisory Council—Continued

MARK H. WRIGHT, President and Chief Executive Officer, USAA Federal Savings Bank,San Antonio, Texas

CLARENCE ZUGELTER, President, Chief Executive Officer, and Chairman, First FederalBank, FSB, Kansas City, Missouri

OfficersTHOMAS S. JOHNSON, President

The members of the Thrift InstitutionsAdvisory Council met with the Board ofGovernors on February 23, July 13, andNovember 9, 2001. The council, which iscomposed of representatives from credit

MARK H. WRIGHT, Vice President

unions, savings and loan associations, andsavings banks, consults with, and advises,the Board on issues pertaining to the thriftindustry and on various other matters withinthe Board's jurisdiction.

Officers of Federal Reserve Banks and BranchesDecember 31, 2001

BANK or Branch

BOSTON2

NEW YORK2

Buffalo

PHILADELPHIA

CLEVELAND2


RICHMOND2

BaltimoreCharlotte

ATLANTA

Birmingham

JacksonvilleMiamiNashvilleNew Orleans

Chairman1



William C. Brainard Cathy E. MinehanWilliam O. Taylor Paul M. Connolly

Peter G. Peterson William J. McDonoughGerald M. Levin Jamie B. Stewart, Jr.

Bal Dixit Barbara L. Walter3

Charisse R. Lillie Anthony M. SantomeroGlenn A. Schaeffer William H. Stone, Jr.

David H. Hoag Jerry L. JordanRobert W. Mahoney Sandra Pianalto

George C. Juilfs Barbara B. HenshawCharles E. Bunch Robert B. Schaub

Jeremiah J. Sheehan J. Alfred Broaddus, Jr.Wesley S. Walter A. Varvel

Williams, Jr.George L. Russell, Jr. William J. Tignanelli3

James F. Goodmon Dan M. Bechter3

John F. Wieland Jack Guynn James M. McKee3

Paula Lovell Patrick K. BarronCatherine Sloss Andre T. Anderson

CrenshawJulie K. Hilton Robert J. Slack3

Mark T. Sodders James T. Curry IIIWhitney Johns Martin Melvyn K. Purcell3

Ben Tom Roberts Robert J. Musso3


2001


Officers of Federal Reserve Banks and Branches-Continued

BANK or Branch

CHICAGO2

Detroit

ST. LOUIS

Little RockLouisvilleMemphis

MINNEAPOLIS

Helena

KANSAS CITY

DenverOklahoma CityOmaha

DALLAS


SAN FRANCISCO

Los AngelesPortlandSalt Lake CitySeattle

Chairmanl



Arthur C. Martinez Michael H. MoskowRobert J. Darnall Gordon R.G.

WerkemaTimothy D. Leuliette David R. Allardice3

Charles W. Mueller William PooleWalter L. W. LeGrande Rives

Metcalfe, Jr.Vick M. Crawley Robert A. HopkinsRoger Reynolds Thomas A. BooneGregory M. Duckett Martha Perine Beard

James J. Howard Gary H. SternRonald N. Zwieg James M. Lyon

Thomas 0. Markle Samuel H. Gane

Terrence P. Dunn Thomas M. HoenigJo Marie Dancik Richard K. Rasdall

Kathryn A. Paul Maryann F. Hunter3

Patricia B. Fennell Dwayne E. BoggsGladys Styles Johnston Steven D. Evans

H.B. Zachry, Jr. Robert D. McTeer, Jr.Patricia M. Helen E. Holcomb

PattersonBeauregard Brite White Sammie C. ClayEdward O. Gaylord Robert Smith III3

Patty P. Mueller James L. Stull3

Nelson C. Rising Robert T. ParryGeorge M. Scalise John F. Moore

William D. Jones Mark L. Mullinix4

Nancy Wilgenbusch Raymond H. Laurence3

H. Roger Boyer Andrea P. WolcottRichard R. Sonstelie David K. Webb 3







2001


Conference of ChairmenThe chairmen of the Federal Reserve Banksare organized into the Conference of Chair-men, which meets to consider matters ofcommon interest and to consult with, andadvise, the Board of Governors. Such meet-ings, attended also by the deputy chairmen,were held in Washington on May 30 and 31,and on November 28 and 29, 2001.

The members of the Executive Commit-tee of the Conference of Chairmen during2001 were John F. Wieland, chair; Peter G.Peterson, vice chair; and Charisse R. Lillie,member.

On November 29, 2001, the Conferenceelected its Executive Committee for 2002;it named Peter G. Peterson as chair,Charisse R. Lillie as vice chair, and Robert J.Darnall as the third member.

Conference of Presidents

The presidents of the Federal Reserve Banksare organized into the Conference of Presi-dents, which meets periodically to considermatters of common interest and to consultwith, and advise, the Board of Governors.

J. Alfred Broaddus, Jr., President of theFederal Reserve Bank of Richmond, servedas chair of the conference in 2001, andMichael H. Moskow, President of the Fed-eral Reserve Bank of Chicago, served as itsvice chair. Betty M. Fahed, of the FederalReserve Bank of Richmond, served as itssecretary, and Valerie J. Van Meter, of theFederal Reserve Bank of Chicago, served asits assistant secretary.

Conference of FirstVice Presidents

The Conference of First Vice Presidents ofthe Federal Reserve Banks was organized in1969 to meet periodically for the consider-ation of operations and other matters.

Richard K. Rasdall, Jr., First Vice Presi-dent of the Federal Reserve Bank of Kan-sas City, served as chair of the conferencein 2001, and Paul M. Connolly, First VicePresident of the Federal Reserve Bank ofBoston, served as its vice chair. Leesa M.Guy ton, of the Federal Reserve Bank of

Kansas City, served as its secretary, andDavid K. Park, of the Federal Reserve Bankof Boston, served as its assistant secretary.

On October 16, 2001, the conferenceelected Paul M. Connolly as its chair for2002-2003, and Walter A. Varvel, First VicePresident of the Federal Reserve Bank ofRichmond, as its vice chair.

Directors

The following list of directors of FederalReserve Banks and Branches shows for eachdirector the class of directorship, the direc-tor's principal organizational affiliation, andthe date the director's term expires. EachFederal Reserve Bank has a nine-memberboard: three Class A and three Class B direc-tors, who are elected by the stockholdingmember banks, and three Class C directors,who are appointed by the Board of Gover-nors of the Federal Reserve System.

Class A directors represent the stockhold-ing member banks in each Federal ReserveDistrict. Class B and Class C directors repre-sent the public and are chosen with due, butnot exclusive, consideration to the interestsof agriculture, commerce, industry, services,labor, and consumers; they may not be offi-cers, directors, or employees of any bank orbank holding company. In addition, Class Cdirectors rriay not be stockholders of anybank or bank holding company.

For the election of Class A and Class Bdirectors, the Board of Governors classifiesthe member banks of each Federal ReserveDistrict into three groups. Each group, whichcomprises banks with similar capitalization,elects one Class A director and one Class Bdirector. Annually, the Board of Governorsdesignates one of the Class C directors aschair of the board and Federal Reserve Agentof each District Bank, and it designatesanother Class C director as deputy chair.

Federal Reserve Branches have either fiveor seven directors, a majority of whom areappointed by the parent Federal ReserveBank; the others are appointed by the Boardof Governors. One of the directors appointedby the Board is designated annually as chairof the board of that Branch in a manner


2001


prescribed by the parent Federal Reserve Bank and of the chair of each Branch, seeBank. the preceding table, "Officers of Federal

For the name of the chair and deputy chair Reserve Banks and Branches."of the board of directors of each Reserve

Directors of Federal Reserve Banks and Branches

Term expiresDec. 31

DISTRICT l—BOSTON

Class ATerrence Murray Chairman and Chief Executive Officer, 2001

FleetBoston Financial Corporation,Boston, Massachusetts

David S. Outhouse President and Chief Executive Officer, 2002First & Ocean National Bank,Newburyport, Massachusetts

Richard C. White Chairman, President, and Chief Executive Officer, 2003Community National Bank, Derby, Vermont

Class BRobert R. Glauber President and Chief Executive Officer, 2001

National Association of Securities Dealers, Inc.,Washington, D.C.

Orit Gadiesh Chairman, Bain & Company, Inc., 2002Boston, Massachusetts

Sherwin Greenblatt President and Chief Operating Officer, 2003Bose Corporation, Framingham, Massachusetts

Class CWilliam C. Brainard Professor of Economics, Yale University, 2001

New Haven, ConnecticutWilliam O. Taylor Chairman Emeritus, The Boston Globe, 2002

Boston, MassachusettsJames J. Norton Vice President, AFL-CIO, Washington, D.C. 2003

DISTRICT 2 — N E W YORK

Class AT. Joseph Semrod Vice Chairman, FleetBoston Financial, 2001

Princeton, New JerseyGeorge W Hamlin IV President and Chief Executive Officer, 2002

The Canandaigua National Bank andTrust Company, Canandaigua, New York

Sanford I. Weill Chairman and Chief Executive Officer, 2003Citigroup Inc., New York, New York


2001


Term expiresDec. 31

DISTRICT 2, NEW YORK—Continued

Class BRonay Menschel Chairman, Phipps Houses, New York, New York 2001Ann M. Fudge Retired Executive Vice President, Kraft Foods, 2002

Inc., and Retired President, Coffee & CerealsDivision, Tarrytown, New York,Westport, Connecticut

Jerry I. Speyer President and Chief Executive Officer, 2003Tishman Speyer Properties,New York, New York

Class CPeter G. Peterson Chairman, The Blackstone Group, 2001

New York, New YorkAlbert J. Simone President, Rochester Institute of Technology, 2002

Rochester, New YorkGerald M. Levin Chief Executive Officer, AOL Time Warner, Inc., 2003

New York, New York

BUFFALO BRANCH

Appointed by the Federal Reserve BankKathleen R. Whelehan Executive Vice President, Consumer Finance 2001

Division, HSBC, Buffalo, New YorkGeraldine C. Ochocinska ....Director, Region 9, UAW, Buffalo, New York 2002Peter G. Humphrey President and Chief Executive Officer, 2003

Financial Institutions, Inc.,Warsaw, New York

Maureen Torrey Marshall ...Co-Owner, Torrey Farms, Inc., Elba, New York 2003

Appointed by the Board of GovernorsBal Dixit President and Chief Executive Officer, 2001

Newtex Industries, Inc., Victor, New YorkPatrick P. Lee Chairman and Chief Executive Officer, 2002

International Motion Control, Inc.,Buffalo, New York

John E. Friedlander President and Chief Executive Officer, 2003Kaleida Health, Buffalo, New York


Class ARufus A. Fulton, Jr Chairman and Chief Executive Officer, 2001

Fulton Financial Corporation,Lancaster, Pennsylvania

Frank Kaminski, Jr. Chairman, Atlantic Central Bankers Bank, 2002Camp Hill, Pennsylvania


2001


Term expiresDec. 31


Robert J. Vanderslice President and Chief Operating Officer, 2003Pennsville National Bank,Pennsville, New Jersey

Class BHoward E. Cosgrove Chairman and Chief Executive Officer, 2001

Conectiv, Wilmington, DelawareRobert E. Chappell Chairman and Chief Executive Officer, 2002

Penn Mutual Life Insurance Co.,Horsham, Pennsylvania

Doris M. Damm President and Chief Executive Officer, 2003Accu Staffing Services,Cherry Hill, New Jersey

Class CCharisse R. Lillie Partner, Ballard Spahr Andrews & Ingersoll, 2001

Philadelphia, PennsylvaniaRonald J. Naples Chairman and Chief Executive Officer, 2002

Quaker Chemical Corporation,Conshohocken, Pennsylvania

Glenn A. Schaeffer President, Pennsylvania Building and 2003Construction Trades Council,Harrisburg, Pennsylvania

DISTRICT A—CLEVELAND

Class AJohn R. Cochran Chairman and Chief Executive Officer, 2001

FirstMerit Corporation, Akron, OhioTiney M. McComb Chairman and President, Heartland BancCorp, 2002

Gahanna, OhioStephen P. Wilson President and Chief Executive Officer, 2003

Lebanon Citizens National Bank,Lebanon, Ohio

Class BWayne R. Embry Retired President and Chief Operating Officer, 2001

Cleveland Cavaliers, Cleveland, OhioDavid L. Nichols President and Chief Operating Officer, 2002

Rich's/Lazarus/Goldsmith's, Atlanta, GeorgiaCheryl L. Krueger-Horn President and Chief Executive Officer, 2003

Cheryl&Co., Westerville, Ohio


2001


Term expiresDec. 31

DISTRICT 4, CLEVELAND—Continued

Class CDavid H. Hoag Former Chairman, The LTV Corporation, 2001

Cleveland, OhioPhillip R. Cox President and Chief Executive Officer, 2002

Cox Financial Corporation, Cincinnati, OhioRobert W. Mahoney Retired Chairman and Chief Executive Officer, 2003

Diebold Incorporated, Canton, Ohio

CINCINNATI BRANCH

Appointed by the Federal Reserve BankJean R. Hale Vice Chairman, President, and 2001

Chief Executive Officer,Community Trust Bancorp, Inc.,Pikeville, Kentucky

Mary Ellen Slone Chief Executive Officer and Chairman, 2002Meridian Communications,Lexington, Kentucky

V. Daniel Radford Executive Secretary-Treasurer, 2002Cincinnati AFL-CIO Labor Council,Cincinnati, Ohio

Bick Weissenrieder Chairman, President, and Chief Executive Officer, 2003Hocking Valley Bank, Athens, Ohio

Appointed by the Board of GovernorsThomas Revely III President and Chief Executive Officer, 2001

CBS Technologies, LLC, Cincinnati, OhioGeorge C. Juilfs Chairman and Chief Executive Officer, 2002

SENCORP, Newport, KentuckyCharles Whitehead President, Ashland Inc. Foundation, 2003

Covington, Kentucky

PITTSBURGH BRANCH

Appointed by the Federal Reserve BankEdward V. Randall, Jr. Management Advisor and Consultant, 2001

Babst, Calland, Clements, & Zomnir, P C ,Pittsburgh, Pennsylvania

Georgia Berner President, Berner International Corp., 2002New Castle, Pennsylvania

Peter N. Stephans Chairman and Chief Executive Officer, 2002Trigon Incorporated, McMurray, Pennsylvania

Kristine N. Molnar President, Upper Ohio Valley Region, 2003WesBanco Bank, Inc.,Wheeling, West Virginia


2001


Term expiresDec. 31

DISTRICT 4, PITTSBURGH BRANCH—Continued

Appointed by the Board of GovernorsGretchen R. Haggerty Vice President, Accounting and Finance, 2001

U.S. Steel Group, Pittsburgh, PennsylvaniaCharles E. Bunch Executive Vice President, PPG Industries, Inc., 2002

Pittsburgh, PennsylvaniaJames I. Mitnick Senior Vice President, Turner Construction 2003

Company, Pittsburgh, Pennsylvania


Class AJames M. Culberson, Jr. Chairman Emeritus, First National Bank and 2001

Trust Company, Asheboro, North CarolinaFred L. Green III Chairman, President and Chief Executive Officer, 2002

The National Bank of South Carolina,Columbia, South Carolina

William W. Duncan, Jr. President/Chief Executive Officer, 2003St. Michaels Bank, St. Michaels, Maryland

Class BCraig A. Ruppert President, Ruppert Nurseries Inc., 2001

Laytonsville, MarylandW. Henry Harmon President and Chief Executive Officer, 2002

Triana Energy, LLC,Charleston, West Virginia,Union Drilling, Inc.,Bridgeville, Pennsylvania

James E. Haden President/Chief Executive Officer, 2003Martha Jefferson Hospital,Charlottesville, Virginia

Class CIrwin Zazulia Retired President and Chief Executive Officer, 2001

Hecht's, Arlington, VirginiaJeremiah J. Sheehan Retired Chairman, Reynolds Metals Company, 2002

Richmond, VirginiaWesley S. Williams, Jr Partner, Covington & Burling, Washington, D.C. 2003

BALTIMORE BRANCH

Appointed by the Federal Reserve BankJeremiah E. Casey Director and Former Chairman, 2001

Allfirst Financial, Inc., Baltimore, MarylandDyan Brasington President, Technology Council of Maryland, 2002

Rockville, Maryland


2001


Term expiresDec. 31

DISTRICT 5, BALTIMORE BRANCH

Appointed by the Federal Reserve Bank—Continued

William L. Jews President and Chief Executive Officer, 2003CareFirst BlueCross BlueShield,Owings Mills, Maryland

Kenneth C. Lundeen President, C. J. Langenfelder & Son, Inc., 2003Baltimore, Maryland

Appointed by the Board of GovernorsOwen E. Herrnstadt Director, International Department, International 2001

Association of Machinists and AerospaceWorkers, AFL-CIO, Upper Marlboro, Maryland

George L. Russell, Jr. Law Offices of Peter G. Angelos, 2002Baltimore, Maryland

William C. Handorf Professor of Finance, School of Business and 2003Public Management,The George Washington University,Washington, D.C.

CHARLOTTE BRANCH

Appointed by the Federal Reserve BankWilliam H. Nock President and Chief Executive Officer, 2001

Sumter National Bank, Sumter, South CarolinaLucy J. Reuben Dean, School of Business, South Carolina 2002

State University, Orangeburg, South CarolinaElleveen T. Poston President, Quality Transport, Inc., 2003

Lake City, South CarolinaCecil W Sewell, Jr. Chairman and Chief Executive Officer Emeritus, 2003

RBC Centura Banks, Inc.,Raleigh, North Carolina

Appointed by the Board of GovernorsJames F. Goodmon President and Chief Executive Officer, 2001

Capitol Broadcasting Company, Inc.,Raleigh, North Carolina

Michael A. Almond President and Chief Executive Officer, 2002Charlotte Regional Partnership,Charlotte, North Carolina

Jim Lowry President, High Point Chevrolet Jeep, 2003High Point, North Carolina

DISTRICT 6—ATLANTA

Class AWaymon L. Hickman Chairman and Chief Executive Officer, 2001

First Farmers and Merchants National Bank,Columbia, Tennessee


2001


Term expiresDec. 31


Richard G Hickson President and Chief Executive Officer, 2002Trustmark Corporation, Jackson, Mississippi

William G. Smith, Jr. President and Chief Executive Officer, 2003Capital City Bank Group, Inc.,Tallahassee, Florida

Class BSuzanne E. Boas President, Consumer Credit Counseling 2001

Service, Inc., Atlanta, GeorgiaJuanita P. Baranco Executive Vice President, Baranco 2002

Automotive Group, Morrow, GeorgiaJohn Dane III President and Chief Executive Officer, 2003

Trinity Yachts, Inc., New Orleans, Louisiana

Class CMaria Camila Leiva Executive Vice President, MFZ Management 2001

Corporation, Coral Gables, FloridaJohn F. Wieland Chief Executive Officer and Chairman, 2002

John Wieland Homes and Neighborhoods, Inc.,Atlanta, Georgia

Paula Lovell President, Lovell Communications, Inc., 2003Nashville, Tennessee

BIRMINGHAM BRANCH

Appointed by the Federal Reserve BankRobert M. Barrett Chairman, President, and Chief Executive Officer, 2001

First Community Bank of Central Alabama,Wetumpka, Alabama

W. Charles Mayer III Senior Executive Vice President, 2002Alabama Banking Group Head, andCommercial Banking Group Head,AmSouth Bank, Birmingham, Alabama

James A. Vickery International Representative, Laborers' 2003International Union of North America,Gadsden, Alabama

Hundley Batts, Sr Owner and Managing General Agent, 2003Hundley Batts & Associates,Huntsville, Alabama

Appointed by the Board of GovernorsCatherine Sloss Crenshaw ...President, Sloss Real Estate Group, Inc., 2001

Birmingham, AlabamaV. Larkin Martin Managing Partner, Martin Farm, 2002

Courtland, AlabamaW. Miller Welborn Chairman, Welborn & Associates, Inc., 2003

Tuscaloosa, Tennessee


2001


Term expiresDec. 31

DISTRICT 6, ATLANTA—Continued

JACKSONVILLE BRANCH

Appointed by the Federal Reserve BankHarvey R. Heller President, Heller Brothers Packing Corp., 2001

Winter Garden, FloridaJerry M. Smith Chairman and President, First National Bank 2002

of Alachua, Alachua, FloridaRobert L. Fisher President and Chief Executive Officer, 2003

MacDill Federal Credit Union,Tampa, Florida

Michael W. Poole Poole Carbone Eckbert, Winter Park, Florida 2003

Appointed by the Board of GovernorsJulie K. Hilton Vice President and Co-Owner, Hilton Inc., 2001

Panama City Beach, FloridaMarsha G. Rydberg Partner, The Rydberg Law Firm, Tampa, Florida 2002William E. Flaherty Former Chairman, Blue Cross and Blue Shield 2003

of Florida, Inc., Jacksonville, Florida

MIAMI BRANCH

Appointed by the Federal Reserve BankRudy E. Schupp Chairman, Florida Banking, Wachovia, N.A., 2001

West Palm Beach, FloridaD. Keith Cobb Managing Director, Cobb Consulting Group, 2002

Ft. Lauderdale, FloridaJames W. Moore Managing Partner, Riverside Capital, LLC, 2002

Fort Myers, FloridaMiriam Lopez President and Chief Executive Officer, 2003

TransAtlantic Bank, Miami, Florida

Appointed by the Board of GovernorsRosa Sugranes Chairman, Iberia Tiles Corp., Miami, Florida 2001Mark T. Sodders President, Lakeview Farms, Inc., 2002

Pahokee, FloridaBrian E. Keeley President and Chief Executive Officer, 2003

Baptist Health Systems of South Florida,Coral Gables, Florida


2001


Term expiresDec. 31

DISTRICT 6, NASHVILLE BRANCH

Appointed by the Federal Reserve BankDale W. Polley Past President, First American Corporation, 2001

Nashville, TennesseeL.A. Walker, Jr. Chairman, BB&T McMinn/Monroe Counties, 2002

Tennessee, Athens, TennesseeJames W. Spradley, Jr. President, Standard Candy Company, Inc., 2003

Nashville, TennesseeEmil Hassan Senior Vice President, North America 2003

Manufacturing, Purchasing, Quality andLogistics, Nissan North America, Inc.,Smyrna, Tennessee

Appointed by the Board of GovernorsFrances F. Marcum General Partner, Marcum Capital, L.L.C., 2001

Tullahoma, TennesseeBeth Dortch Franklin President and Chief Executive Officer, 2002

Star Transportation, Inc., Nashville, TennesseeWhitney Johns Martin Chairman and Chief Executive Officer, 2003

Capital Across America, Nashville, Tennessee

NEW ORLEANS BRANCH

Appointed by the Federal Reserve BankDavid E. Johnson Chairman and Chief Executive Officer, 2001

The First Bancshares, Inc., andThe First National Bank of South Mississippi,Hattiesburg, Mississippi

C.R. Cloutier President and Chief Executive Officer, 2002MidSouth Bank, Lafayette, Louisiana

Teri G. Fontenot President and Chief Executive Officer, 2003Woman's Hospital, Baton Rouge, Louisiana

David Guidry President and Chief Executive Officer, 2003Guico Machine Works, Inc., Harvey, Louisiana

Appointed by the Board of GovernorsDave Dennis President, Specialty Contractors & Assoc, Inc., 2001

Gulfport, MississippiR. Glenn Pumpelly President and Chief Executive Officer, 2002

Pumpelly Oil Inc., Sulphur, LouisianaBen Tom Roberts Senior Executive Vice President, 2003

Roberts Brothers, Inc., Realtors,Mobile, Alabama


2001


Term expiresDec. 31


Class AAlan R. Tubbs President, Maquoketa State Bank and Ohnward 2001

Bancshares Inc., Maquoketa, IowaWilliam A. Osborn Chairman and Chief Executive Officer, 2002

Northern Trust Corporation andThe Northern Trust Company,Chicago, Illinois

Robert R. Yohanan Managing Director and Chief Executive Officer, 2003First Bank & Trust, Evanston, Illinois

Class BJames H. Keyes Chairman and Chief Executive Officer, 2001

Johnson Controls, Inc., Milwaukee, WisconsinConnie E. Evans President and Chief Executive Officer, 2002

WSEP Ventures, Chicago, IllinoisJack B. Evans President, The Hall-Perrine Foundation, 2003

Cedar Rapids, Iowa

Class CArthur C. Martinez Retired Chairman and Chief Executive Officer, 2001

Sears, Roebuck and Co., Chicago, IllinoisRobert J. Darnall Chairman, Prime Advantage Chicago, 2002

Chicago, IllinoisW. James Farrell Chairman and Chief Executive Officer, 2003

Illinois Tool Works Inc., Glenview, Illinois

DETROIT BRANCH

Appointed by the Federal Reserve BankRichard M. Bell Retired President and Chief Executive Officer, 2001

The First National Bank of Three Rivers,Three Rivers, Michigan

Mark T. Gaffney President, Michigan State AFL-CIO, 2002Lansing, Michigan

Irma B. Elder President, Elder Ford, Troy, Michigan 2002David J. Wagner Chairman, Fifth Third Bank, 2003

Grand Rapids, Michigan

Appointed by the Board of GovernorsStephen R. Polk Chairman and Chief Executive Officer, 2001

R. L. Polk & Co., Southfield, MichiganEdsel B. Ford II Board Director, Ford Motor Company, 2002

Dearborn, MichiganTimothy D. Leuliette President and Chief Executive Officer, 2003

Metaldyne, Plymouth, Michigan


2001


Term expiresDec. 31


Class AThomas H. Jacobsen Chairman Emeritus, Firstar Corporation 2001

(now U.S. Bancorp), St. Louis, MissouriLunsford W. Bridges President and Chief Executive Officer, 2002

Metropolitan National Bank,Little Rock, Arkansas

Bradley W. Small President and Chief Executive Officer, 2003The Farmers and Merchants National Bank,Nashville, Illinois

Class BBert Greenwalt Partner, Greenwalt Company, Hazen, Arkansas 2001Joseph E. Gliessner, Jr. Executive Director, New Directions Housing Corp., 2002

Louisville, KentuckyRobert L. Johnson Chairman and Chief Executive Officer, 2003

Johnson Bryce, Inc., Memphis, Tennessee

Class CCharles W. Mueller Chairman and Chief Executive Officer, 2001

Ameren Corporation, St. Louis, MissouriGayle P.W. Jackson Managing Director, Fond Elec Group, Inc., 2002

St. Louis, MissouriWalter L. Metcalfe, Jr. Chairman, Bryan Cave LLP, St. Louis, Missouri 2003

LITTLE ROCK BRANCH

Appointed by the Federal Reserve BankLawrence A. Davis, Jr. Chancellor, University of Arkansas at Pine Bluff, 2001

Pine Bluff, ArkansasEverett Tucker III Chairman, Moses Tucker Real Estate, Inc., 2002

Little Rock, ArkansasDavid R. Estes President and Chief Executive Officer, 2002

First State Bank, Lonoke, ArkansasRaymond E. Skelton Regional President, U.S. Bank, 2003

Little Rock, Arkansas

Appointed by the Board of GovernorsVick M. Crawley Plant Manager, Baxter Healthcare Corporation, 2001

Mountain Home, ArkansasA. Rogers Yarnell II President, Yarnell Ice Cream Co., Inc., 2002

Searcy, ArkansasCynthia J. Brinkley President, Arkansas Southwestern Bell 2003

Telephone Company,Little Rock, Arkansas


2001


Term expiresDec. 31

DISTRICT 8, LOUISVILLE BRANCH

Appointed by the Federal Reserve BankOrson Oliver President, Mid-America Bank of Louisville, 2001

Louisville, KentuckyMarjorie Z. Soyugenc Executive Director and Chief Executive Officer, 2002

Welborn Foundation, Evansville, IndianaThomas W. Smith President and Chief Executive Officer, 2002

Ephraim McDowell Health,Danville, Kentucky

Frank J. Nichols Chairman, President, and Chief Executive Officer, 2003Community Financial Services, Inc.,Benton, Kentucky

Appointed by the Board of GovernorsRoger Reynolds President and Chief Executive Officer, 2001

Interlink Logistics LLC, Louisville, KentuckyJ. Stephen Barger Executive Secretary-Treasurer, Kentucky State 2002

District Council of Carpenters, AFL-CIO,Frankfort, Kentucky

Norman E. Pfau, Jr. President and Chief Executive Officer, 2003Geo. Pfau's Sons Company, Inc.,Jeffersonville, Indiana

MEMPHIS BRANCH

Appointed by the Federal Reserve BankWalter L. Morris, Jr. President, H&M Lumber Co., Inc., 2001

West Helena, ArkansasJames A. England Chairman, President, and Chief Executive Officer, 2002

Decatur County Bank, Decaturville, TennesseeJohn C. Kelley, Jr. President, Business Financial Services, 2002

First Tennessee Bank, Memphis, TennesseeE.C. Neelly III Management Consultant, First American 2003

National Bank, Iuka, Mississippi

Appointed by the Board of GovernorsGregory M. Duckett Senior Vice President and Corporate Counsel, 2001


Mike P. Sturdivant, Jr. Partner, Due West, Glendora, Mississippi 2002Russell Gwatney President, Gwatney Companies, 2003

Memphis, Tennessee


2001


Term expiresDec. 31


Class AW.W. LaJoie Chief Executive Officer and Chairman, 2001

Central Savings Bank,Sault Ste. Marie, Michigan

Roger N. Berglund Chairman and President, Dakota Western Bank, 2002Bowman, North Dakota

Dan M. Fisher Chief Information Officer, 2003Community First Bankshares, Inc.,Fargo, North Dakota

Class BJay F. Hoeschler President and Owner, Hoeschler Corporation, 2001

La Crosse, WisconsinRob L. Wheeler Vice President, Wheeler Mfg. Co., Inc., 2002

Lemmon, South DakotaD. Greg Heineman Chairman, Williams Insurance Agency, 2003

Sioux Falls, South Dakota

Class CJames J. Howard Chairman Emeritus, Xcel Energy, Inc., 2001

Minneapolis, MinnesotaLinda Hall Whitman Former President, Ceridian, 2002

Minneapolis, MinnesotaRonald N. Zwieg President, United Food & Commercial Workers, 2003

Local 653, Plymouth, Minnesota

HELENA BRANCH

Appointed by the Federal Reserve BankRichard E. Hart President, Senior Lender, and Director, 2001

Mountain West Bank, Kalispell, MontanaEmil W. Erhardt Chairman and President, Citizens State Bank, 2002

Hamilton, MontanaMarilyn F. Wessel Dean and Director, Museum of the Rockies, 2002

Bozeman, Montana

Appointed by the Board of GovernorsThomas O. Markle President and Chief Executive Officer, 2001

Markle's Inc., Glasgow, MontanaWilliam P. Underriner President, Selover Buick Inc., 2002

Billings, Montana


2001


Term expiresDec. 31


Class AJeffrey L. Gerhart President and Chief Executive Officer, 2001

First National Bank,Newman Grove, Nebraska

Dennis E. Barrett Vice Chairman, FirstBank Holding 2002Company of Colorado, Lakewood, Colorado

Bruce A. Schriefer President, Bankers' Bank of Kansas, 2003Wichita, Kansas

Class BFrank A. Potenziani M&T Trust, Albuquerque, New Mexico 2001Paula Marshall-Chapman ....Chief Executive Officer, The Bama Companies, Inc., 2002

Tulsa, OklahomaHans C. Helmerich President and Chief Executive Officer, 2003

Helmerich & Payne, Inc., Tulsa, Oklahoma

Class CJo Marie Dancik Regional Managing Partner, Ernst & Young LLP, 2001

Minneapolis, MinnesotaRhonda Holman Vice President, Kauffman Center for 2002

Entrepreneurial Leadership at theEwing Marion Kauffman Foundation,Kansas City, Missouri

Terrence P. Dunn President and Chief Executive Officer, 2003J. E. Dunn Construction Company,Kansas City, Missouri

DENVER BRANCH

Appointed by the Federal Reserve BankAlbeit C. Yates President, Colorado State University, 2001

Ft. Collins, ColoradoVirginia K. Berkeley President, Colorado Business Bank N.A., 2002

Denver, ColoradoRobert M. Murphy President, Sandia Properties Ltd., Co., 2003

Albuquerque, New MexicoJohn W. Hay III President, Rock Springs National Bank, 2003

Rock Springs, Wyoming

Appointed by the Board of GovernorsJames A. King Chief Executive Officer, BT, Inc., 2001

Riverton, WyomingKathleen Avila Partner and Chief Executive Officer, 2002

Avila Retail, Albuquerque, New MexicoKathryn A. Paul President, Delta Dental Plan of Colorado, 2003

Denver, Colorado


2001


Term expiresDec. 31

DISTRICT 10, OKLAHOMA CITY BRANCH

Appointed by the Federal Reserve BankBetty Bryant Shaull President-Elect and Director, 2001

Bank of Cushing and Trust Company,Cushing, Oklahoma

W. Carlisle Mabrey III President and Chief Executive Officer, 2001Citizens Bank & Trust Co.,Okmulgee, Oklahoma

Robert A. Funk Chairman and Chief Executive Officer, 2002Express Personnel Services International,Oklahoma City, Oklahoma

Russell W. Teubner Founder and Director, Esker, Inc., 2003Stillwater, Oklahoma

Appointed by the Board of GovernorsVacancy 2001J. Clifford Hudson Chairman and Chief Executive Officer, 2002

Sonic Corp., Oklahoma City, OklahomaPatricia B. Fennell Executive Director, Latino Community 2003

Development Agency,Oklahoma City, Oklahoma

OMAHA BRANCH

Appointed by the Federal Reserve BankVacancy 2001Judith A. Owen President and Chief Executive Officer, 2002

Wells Fargo Bank Nebraska, N.A.,Omaha, Nebraska

Frank L. Hayes President, Hayes & Associates, L.L.C., CPAs, 2003Omaha, Nebraska

H.H. Kosman Chairman, President, and Chief Executive Officer, 2003Platte Valley National Bank,Scottsbluff, Nebraska

Appointed by the Board of GovernorsGladys Styles Johnston Chancellor, University of Nebraska at Kearney, 2001

Kearney, NebraskaBob L. Gottsch Vice President, Gottsch Feeding Corporation, 2002

Hastings, NebraskaA.F. Raimondo Chairman and Chief Executive Officer, 2003

Behlen Mfg. Co., Columbus, Nebraska


2001


Term expiresDec. 31

DISTRICT 11—DALLAS

Class ADudley K. Montgomery Director, The Security State Bank of Pecos, 2001

Pecos, TexasKenneth T. Murphy Chairman, President, and Chief Executive Officer, 2002

First Financial Bankshares, Inc.,Abilene, Texas

Matthew T. Doyle Vice Chairman and Chief Executive Officer, 2003Texas First Bank, Texas City, Texas

Class BJulie Spicer England Vice President, Texas Instruments, Dallas, Texas 2001Malcolm Gillis President, Rice University, Houston, Texas 2002Judy Ley Allen Owner, Allen Investments, Houston, Texas 2003

Class CRay L. Hunt Chairman and Chief Executive Officer, 2001

Hunt Consolidated, Inc., Dallas, TexasPatricia M. Patterson President, Patterson Investments, Inc., 2002

Dallas, TexasH.B. Zachry, Jr. Chairman and Chief Executive Officer, 2003

H. B. Zachry Company, San Antonio, Texas

EL PASO BRANCH

Appointed by the Federal Reserve BankLester L. Parker President and Chief Executive Officer, 2001

United Bank of El Paso del Norte,El Paso, Texas

James D. Renfrow President and Chief Executive Officer, 2002The Carlsbad National Bank,Carlsbad, New Mexico

Melissa W. O'Rourke President, Charlotte's Inc., El Paso, Texas 2002Ron C. Helm Owner, Helm Cattle Company, El Paso, Texas 2003

Appointed by the Board of GovernorsBeauregard Brite White Rancher, J. E. White, Jr. & Sons, Marfa, Texas 2001James Haines Chief Executive Officer and President, 2002

El Paso Electric Company, El Paso, TexasGail S. Darling President, Gail Darling Inc., El Paso, Texas 2003


2001


Term expiresDec. 31

DISTRICT 11, HOUSTON BRANCH

Appointed by the Federal Reserve BankRichard W. Weekley Chairman, Weekley Development Company, 2001

Houston, TexasPriscilla D. Slade President, Texas Southern University, 2002

Houston, TexasRay B. Nesbitt President (Retired), Exxon Chemical Company, 2002

Houston, TexasAlan R. Buckwalter III Chairman and Chief Executive Officer, 2003

J.P. Morgan Chase Bank, Texas Region,Houston, Texas

Appointed by the Board of GovernorsEdward O. Gaylord Chairman, Jacintoport Terminal Company, 2001

Houston, TexasLupe Fraga President and Chief Executive Officer, 2002

Tejas Office Products, Inc.,Houston, Texas

Jeffrey K. Skilling President and Chief Executive Officer, 2003Veld Interests, Inc., Houston, Texas

SAN ANTONIO BRANCH

Appointed by the Federal Reserve BankR. Tom Roddy Chairman, Clear Lake National Bank, 2001

San Antonio, TexasMary Rose Cardenas Executive Vice President, Cardenas Motors, Inc., 2002

Brownsville, TexasDaniel B. Hastings, Jr. President and Owner, Daniel B. Hastings, Inc., 2002

Laredo, TexasArthur R. Emerson Chairman and Chief Executive Officer, 2003

Groves Rojas Emerson, San Antonio, Texas

Appointed by the Board of GovernorsRon R. Harris President and Chief Executive Officer, 2001

Pervasive Software Inc., Austin, TexasPatty P. Mueller Vice President, Mueller Energetics Corp., 2002

Corpus Christi, TexasMarvin L. Ragsdale President, Iron Workers District Council of 2003

the State of Texas, Austin, Texas


2001


Term expiresDec. 31


Class AWarren K.K. Luke Chairman, President, and Chief Executive Officer, 2001

Hawaii National Bank, Honolulu, HawaiiE. Lynn Caswell Chairman and Managing Director, 2002

Zurich American Trust Co., AG,Laguna Niguel, California

Richard C. Hartnack Vice Chairman, Union Bank of California, 2003Los Angeles, California

Class BJack McNally Business Manager, IBEW, Local Union 1245, 2001

and Principal, JKM Consulting,Sacramento, California

Robert S. Attiyeh Senior Vice President, Chief Financial Officer 2002(Retired), and Consultant, Amgen, Inc.,Thousand Oaks, California

Barbara L. Wilson Idaho and Regional Vice President (Retired) 2003and Consultant, Qwest Corporation,Boise, Idaho

Class CSheila D. Harris Director, Governor's Office of Housing 2001

Development, Phoenix, ArizonaGeorge M. Scalise President, Semiconductor Industry Association, 2002

San Jose, CaliforniaNelson C. Rising Chairman and Chief Executive Officer, 2003

Catellus Development Corporation,San Francisco, California

Los ANGELES BRANCH

Appointed by the Federal Reserve BankRussell Goldsmith Chairman and Chief Executive Officer, 2001

City National Bank, Beverly Hills, CaliforniaJohn H. Gleason Regional President, California and Texas, 2002

Del Webb Corporation, Phoenix, ArizonaD. Linn Wiley President and Chief Executive Officer, 2003

Citizens Business Bank, Ontario, CaliforniaLinda Griego Managing Partner, Engine Co. No. 28, 2003

Los Angeles, California

Appointed by the Board of GovernorsWilliam D. Jones Chairman, President, and Chief Executive Officer, 2001


Lori R. Gay President, Los Angeles Neighborhood Housing 2002Service, Inc., Los Angeles, California

Lonnie Kane President, Karen Kane, Inc., 2003Los Angeles, California


2001


Term expiresDec. 31

DISTRICT 12, PORTLAND BRANCH

Appointed by the Federal Reserve BankGeorge J. Passadore President, Oregon Wells Fargo Bank, 2001

Portland, OregonPhyllis A. Bell President, Oregon Coast Aquarium, 2002

Newport, OregonMartin Brantley President and General Manager (Retired), 2002

Oregon's 12-KPTV, Portland, OregonGuy L. Williams President and Chief Executive Officer, 2003

Security Bank, Coos Bay, Oregon

Appointed by the Board of GovernorsKarla S. Chambers Vice President and Co-Owner, 2001

Stahlbush Island Farms, Inc.,Corvallis, Oregon

Nancy Wilgenbusch President, Marylhurst University, 2002Marylhurst, Oregon

Patrick Borunda Principal, The Navigator Group, 2003Yacolt, Washington


Appointed by the Federal Reserve BankCurtis H. Harris Chairman, President, and Chief Executive Officer, 2001

Barnes Banking Company, Kaysville, UtahJ. Pat McMurray President and Chief Executive Officer, 2002

Idaho Region, Wells Fargo Bank,Boise, Idaho

Maria Garciaz Executive Director, Salt Lake Neighborhood 2002Housing Services, Inc.,Salt Lake City, Utah

Peggy A. Stock President, Westminster College, 2003Salt Lake City, Utah

Appointed by the Board of GovernorsGary L. Crocker Chairman, ARUP Laboratories, 2001

Salt Lake City, UtahH. Roger Boyer Chairman, The Boyer Company, Salt Lake City, Utah 2002William C. Glynn President, Intermountain Industries, Inc., 2003

Boise, Idaho


2001


Term expiresDec. 31

DISTRICT 12, SEATTLE BRANCH

Appointed by the Federal Reserve BankPeter H. van Oppen Chairman and Chief Executive Officer, 2001

Advanced Digital Information Corp.,Redmond, Washington

Mary E. Pugh President, Pugh Capital Management, Inc., 2002Seattle, Washington

James C. Hawkanson Chairman (Retired), The Commerce Bank of 2002Washington, N.A., Seattle, Washington

Betsy Lawer Vice Chair and Chief Operating Officer, 2003First National Bank of Alaska,Anchorage, Alaska

Appointed by the Board of GovernorsHelen M. Rockey Chief Executive Officer and President (Retired), 2001

Just for Feet, Inc., Seattle, WashingtonBoyd E. Givan Senior Vice President and Chief Financial 2002

Officer (Retired), The Boeing Company,Seattle, Washington

Richard R. Sonstelie Chairman (Retired), Puget Sound Energy, Inc., 2003Bellevue, Washington


2001


Federal Reserve Banks and BranchesDecember 31,2002

Officers

BANK or Branch

BOSTON2

NEW YORK2

Buffalo

PHILADELPHIA

CLEVELAND2


RICHMOND2

BaltimoreCharlotte

ATLANTA


CHICAGO2

Detroit

ST. LOUIS


MINNEAPOLIS

Helena

Chairman1

Deputy Chairman

William 0. TaylorJames J. Norton

Peter G. PetersonGerald M. Levin

Patrick P. Lee

Charisse R. LillieGlenn A. Schaeffer

David H. HoagRobert W Mahoney

George C. JuilfsCharles E. Bunch

Jeremiah J. SheehanWesley S.

Williams, Jr.George L. Russell, Jr.James F. Goodmon

John F. WielandPaula Lovell

V. Larkin MartinMarsha G. RydbergRosa SugranesBeth Dortch FranklinR. Glenn Pumpelly

Robert J. DarnallW. James Farrell


Charles W. MuellerWalter L.

Metcalfe, Jr.A. Rogers Yarnell IIJ. Stephen BargerRussell Gwatney

Ronald N. ZwiegLinda Hall Whitman

Thomas 0. Markle



William J. McDonoughJamie B. Stewart, Jr.


Jerry L. JordanSandra Pianalto



Michael H. MoskowGordon R.G.

Werkema




Barbara L. Walter3



Dan M. Bechter3

James M. McKee3

Lee C. JonesChristopher L. OakleyJames T. Curry IIIMelvynK. Purcell3

Robert J.Musso3

Glenn Hansen3


Samuel H. Gane


2002


Federal Reserve Banks and Branches—Continued

BANK or Branch Chairman1 President Vice PresidentDeputy Chairman First Vice President in charge of Branch

KANSAS CITY


DALLAS


SAN FRANCISCO

Los AngelesPortland

Salt Lake CitySeattle

Terrence P. DunnRichard H. Bard

Robert M. MurphyPatricia B. FennellBob L. Gottsch

H.B. Zachry, Jr.Patricia M.

PattersonGail S. DarlingEdward O. GaylordRon R. Harris

Nelson C. RisingGeorge M. Scalise

William D. JonesNancy Wilgenbusch

H. Roger BoyerBoyd E. Givan




Mary Ann F. Hunter3

Dwayne E. BoggsSteven D. Evans

Sammie C. ClayRobert Smith IIPJames L. Stull3

MarkL. Mullinix4

Richardson B.Hornsby

Andrea P. WolcottDavid K. Webb3






Conference of ChairmenThe chairmen of the Federal Reserve Banksare organized into the Conference of Chair-men, which meets to consider matters ofcommon interest and to consult with, andadvise, the Board of Governors. Such meet-ings, attended also by the deputy chairmen,were held in Washington on May 29 and 30,and on December 4 and 5, 2002.

The members of the Executive Com-mittee of the Conference of Chairmen dur-ing 2002 were Peter G. Peterson, chair;Charisse R. Lillie, vice chair; and Robert J.Darnall, member.

On December 5, 2002, the conferenceelected its Executive Committee for 2003;it named Robert J. Darnall as chair, Wes-ley S. Williams, Jr., as vice chair, and Ron-ald N. Zweig as the third member.

Conference of PresidentsThe presidents of the Federal Reserve Banksare organized into the Conference of Presi-dents, which meets periodically to considermatters of common interest and to consultwith, and advise, the Board of Governors.

J. Alfred Broaddus, Jr., President of theFederal Reserve Bank of Richmond, servedas chair of the conference in 2002, andMichael H. Moskow, President of the Fed-eral Reserve Bank of Chicago, served as itsvice chair. Betty M. Fahed, of the FederalReserve Bank of Richmond, served as itssecretary, and Valerie J. Van Meter, of theFederal Reserve Bank of Chicago, served asits assistant secretary.

On October 29, 2002, the conferenceelected Michael H. Moskow as its chair for2003-04, and elected Cathy E. Minehan,


2002


President of the Federal Reserve Bankof Boston, as its vice chair.

Conference of FirstVice Presidents

The Conference of First Vice Presidents ofthe Federal Reserve Banks was organized in1969 to meet periodically for the consider-ation of operations and other matters.

Paul M. Connolly, First Vice President ofthe Federal Reserve Bank of Boston, servedas chair of the conference in 2002, andWalter A. Varvel, First Vice President of theFederal Reserve Bank of Richmond, servedas its vice chair. David K. Park, of the Fed-eral Reserve Bank of Boston, served as itssecretary, and Janice E. Clatterbuck, of theFederal Reserve Bank of Richmond, servedas its assistant secretary.

Directors

The following list of directors of FederalReserve Banks and Branches shows for eachdirector the class of directorship, the direc-tor's principal organizational affiliation, andthe date the director's term expires. EachFederal Reserve Bank has a nine-memberboard: three Class A and three Class B direc-tors, who are elected by the stockholdingmember banks, and three Class C directors,who are appointed by the Board of Gover-nors of the Federal Reserve System.

Class A directors represent the stockhold-ing member banks in each Federal ReserveDistrict. Class B and Class C directors repre-sent the public and are chosen with due, butnot exclusive, consideration to the interestsof agriculture, commerce, industry, services,labor, and consumers; they may not be offi-cers, directors, or employees of any bank orbank holding company. In addition, Class Cdirectors may not be stockholders of anybank or bank holding company.

For the election of Class A and Class Bdirectors, the Board of Governors classifiesthe member banks of each Federal ReserveDistrict into three groups. Each group, whichcomprises banks with similar capitalization,elects one Class A director and one Class Bdirector. Annually, the Board of Governorsdesignates one of the Class C directors aschair of the board and Federal Reserve Agentof each District Bank, and it designatesanother Class C director as deputy chair.

Federal Reserve Branches have either fiveor seven directors, a majority of whom areappointed by the parent Federal ReserveBank; the others are appointed by the Boardof Governors. One of the directors appointedby the Board is designated annually as chairof the board of that Branch in a mannerprescribed by the parent Federal ReserveBank.

For the name of the chair and deputy chairof the board of directors of each ReserveBank and of the chair of each Branch, seethe preceding table, "Officers of FederalReserve Banks and Branches."


2002


Directors

BANK or BranchDirector

DISTRICT 1—BOSTONClass A

David S. Outhouse

Richard C. White

Lawrence K. Fish

Class BOrit Gadiesh

Sherwin Greenblatt

Blenda J. Wilson

Class CWilliam O. Taylor

James J. NortonSamuel 0 . Thier, M.D

DISTRICT 2—NEW YORKClass A

George W. Hamlin IV

Sanford I. Weill

Jill M. Considine

Class BAnn M. Fudge

Jerry I. Speyer

Ronay Menschel

Class CAlbert J. Simone

Gerald M. Levin

Peter G. Peterson

Titlp

President and Chief Executive Officer,First and Ocean National Bank,Newburyport, Massachusetts

Chairman, President, and Chief Executive Officer,Community National Bank, Derby, Vermont

Chairman, President, and Chief Executive Officer,Citizens Financial Group, Inc.,Providence, Rhode Island

Chairman, Bain & Company, Inc.,Boston, Massachusetts

Past President, Bose Corporation,Framingham, Massachusetts

President and Chief Executive Officer,Nellie Mae Education Foundation,Quincy, Massachusetts

Chairman Emeritus, The Boston Globe,Boston, Massachusetts

Vice President, AFL-CIO, Washington, D.C.President and Chief Executive Officer,

Partners HealthCare System, Inc.,Boston, Massachusetts

President and Chief Executive Officer,The Canandaigua National Bank and Trust Company,Canandaigua, New York

Chairman and Chief Executive Officer, Citigroup Inc.,New York, New York

Chairman and Chief Executive Officer,The Depository Trust Company,New York, New York

Former Executive Vice President, Kraft Foods, Inc., andFormer President, Coffee and Cereals Division,Tarrytown, New York

President and Chief Executive Officer,Tishman Speyer Properties, New York, New York

Chairman, Phipps Houses, New York, New York

President, Rochester Institute of Technology,Rochester, New York

Retired Chief Executive Officer,AOL Time Warner Inc., New York, New York

Chairman, The Blackstone Group, New York, New York

Term expiresDec. 31

2002

2003

2004

2002

2003

2004

2002

20032004

2002

2003

2004

2002

2003

2004

2002

2003

2004


2002


Directors—Continued


Buffalo BranchAppointed by theFederal Reserve Bank

Geraldine C. Ochocinska ...Peter G. Humphrey

Maureen Torrey Marshall ..Emerson L. Brumback

Appointed by theBoard of Governors

PatrickP.Lee

Katherine E. KeoughMarguerite D. Hambleton ..

DISTRICT 3—PHILADELPHIAClass A

Frank Kaminski, Jr.

Robert J. Vanderslice

Walter E. Daller, Jr.

Class BRobert E. Chappell

Doris M. Damm

P. Coleman Townsend, Jr. ..

Class CRonald J. Naples

Glenn A. Schaeffer

Charisse R. Lillie

Titif1111C

Director, Region 9, UAW, Buffalo, New YorkPresident and Chief Executive Officer,

Financial Institutions, Inc., Warsaw, New YorkCo-Owner, Torrey Farms, Inc., Elba, New YorkExecutive Vice President, M&T Bank Corp.,

Buffalo, New York

Chairman and Chief Executive Officer, IMC, Inc.,Buffalo, New York

President, St. John Fisher College, Rochester, New YorkPresident and Chief Executive Officer,

AAA Western and Central New York,Williamsville, New York

Retired Chairman, Atlantic Central Bankers Bank,Camp Hill, Pennsylvania

President and Chief Operating Officer,Pennsville National Bank, Pennsville, New Jersey

Chairman, President, and Chief Executive Officer,Harleysville National Corporation,Harleysville, Pennsylvania

Chairman and Chief Executive Officer,Penn Mutual Life Insurance Co.,Horsham, Pennsylvania

President and Chief Executive Officer,ACCU Staffing Services, Cherry Hill, New Jersey

Chairman and Chief Executive Officer,Townsends, Inc., Wilmington, Delaware

Chairman and Chief Executive Officer,Quaker Chemical Corporation,Conshohocken, Pennsylvania

President Emeritus,Pennsylvania Building and Construction TradesCouncil, Harrisburg, Pennsylvania

Chair, Litigation Department,Ballard Spahr Andrews & Ingersoll,Philadelphia, Pennsylvania

Term expiresDec. 31

20022003

20032004

2002

20032004

2002

2003

2004

2002

2003

2004

2002

2003

2004


2002



DISTRICT 4—CLEVELANDClass A

Tiney M. McComb

Stephen P. Wilson

John R. Cochran

Class BDavid L. Nichols

Cheryl L. Krueger-Horn .. . .

Wayne R. Embry

Class CPhillip R. Cox

Robert W. Mahoney

David H. Hoag

Cincinnati BranchAppointed by theFederal Reserve Bank

V. Daniel Radford

Mary Ellen Slone

Bick Weissenrieder

James H. Booth


George C. Juilfs

Charles Whitehead

Herbert R. Brown

Pittsburgh BranchAppointed by theFederal Reserve Bank

Georgia Berner

Peter N. Stephans

Title

Chairman and President, Heartland BancCorp,Gahanna, Ohio

President and Chief Executive Officer,Lebanon Citizens National Bank, Lebanon, Ohio

Chairman and Chief Executive Officer,FirstMerit Corporation, Akron, Ohio

President and Chief Operating Officer,Rich's/Lazarus/Goldsmith's, Atlanta, Georgia

President and Chief Executive Officer,Cheryl&Co., Westerville, Ohio

Former President and Chief Operating Officer,Cleveland Cavaliers, Cleveland, Ohio

President and Chief Executive Officer,Cox Financial Corporation, Cincinnati, Ohio

Retired Chairman and Chief Executive Officer,Diebold, Incorporated, Canton, Ohio

Former Chairman, The LTV Corporation,Cleveland, Ohio

Executive Secretary-Treasurer, Cincinnati AFL-CIOLabor Council, Cincinnati, Ohio

Chief Executive Officer and Chairman,Meridian Communications, Lexington, Kentucky

Chairman of the Board and Chief Executive Officer,Hocking Valley Bank, Athens, Ohio

President, Czar Coal Corporation, Lovely, Kentucky

Chairman and Chief Executive Officer,SENCORP, Newport, Kentucky

President, Ashland Inc. Foundation,Covington, Kentucky

Senior Vice President, Western and Southern LifeInsurance Company, Cincinnati, Ohio

President, Berner International Corp.,New Castle, Pennsylvania

Chairman and Chief Executive Officer,Trigon Incorporated, McMurray, Pennsylvania

Term expiresDec. 31

2002

2003

2004

2002

2003

2004

2002

2003

2004

2002

2002

2003

2004

2002

2003

2004

2002

2002


2002




Kristine N. Molnar

Michael J. Hagan


Charles E. Bunch

James I. Mitnick

Robert 0. Agbede

DISTRICT 5—RICHMONDClass A

Fred L. Green III

William W. Duncan, Jr.

Eddie Canterbury

Class BW. Henry Harmon

James E. Haden

Joe Edens

Class CJeremiah J. Sheehan

Wesley S. Williams, Jr.Irwin Zazulia

Baltimore BranchAppointed by theFederal Reserve Bank

Dyan Brasington

William L. Jews

Kenneth C. Lundeen

Donald P. Hutchinson

Titif1 lllc

President and Chief Executive Officer,WesBanco Bank, Inc., Wheeling, West Virginia

President and Chief Executive Officer,Iron and Glass Bank, Pittsburgh, Pennsylvania

President and Chief Operating Officer,PPG Industries, Inc., Pittsburgh, Pennsylvania

Senior Vice President, Turner Construction Company,Pittsburgh, Pennsylvania

President and Chief Executive Officer,Advanced Technology Systems, Inc.,Pittsburgh, Pennsylvania

Chairman, President, and Chief Executive Officer,The National Bank of South Carolina,Columbia, South Carolina

President and Chief Executive Officer,St. Michaels Bank, St. Michaels, Maryland

President and Chief Executive Officer,Logan Bank & Trust Company, Logan, West Virginia

President and Chief Executive Officer,Triana Energy, LLC, Charleston, West Virginia, andUnion Drilling, Inc., Bridgeville, Pennsylvania

President and Chief Executive Officer,Martha Jefferson Hospital, Charlottesville, Virginia

Chairman, Edens & Avant, Columbia, South Carolina

Retired Chairman, Reynolds Metals Company,Richmond, Virginia

Partner, Covington & Burling, Washington, D.C.Retired President and Chief Executive Officer,

Hecht's, Arlington, Virginia

President, Technology Council of Maryland,Rockville, Maryland

President and Chief Executive Officer,CareFirst BlueCross BlueShield,Owings Mills, Maryland

President, C. J. Langenfelder & Son, Inc.,Baltimore, Maryland

President and Chief Executive Officer,SunTrust Bank, Maryland,Baltimore, Maryland

Term expiresDec. 31

2003

2004

2002

2003

2004

2002

2003

2004

2002

2003

2004

2002

20032004

2002

2003

2003

2004


2002




George L. Russell, Jr.William C. Handorf

Owen E. Herrnstadt

Charlotte BranchAppointed by theFederal Reserve Bank

Lucy J. Reuben

Elleveen T. Poston

Cecil W. Sewell, Jr

William H. Nock


Michael A. Almond

Jim Lowry

James F. Goodmon

DISTRICT 6—ATLANTAClass A

Richard G. Hickson

William G. Smith, Jr.

James F. Beall

Class BEgbert L. J. Perry

John Dane III

Suzanne E. Boas

Titlf1 lllc

Law Offices of Peter G. Angelos, Baltimore, MarylandProfessor of Finance, School of Business and Public

Management, The George Washington University,Washington, D.C.

Director, International Department,International Association of Machinists andAerospace Workers, AFL-CIO,Upper Marlboro, Maryland

Provost and Vice Chancellor for Academic Affairs,North Carolina Central University,Durham, North Carolina

President, Quality Transport, Inc.,Lake City, South Carolina

Chairman Emeritus, RBC Centura Banks, Inc.,Rocky Mount, North Carolina

President and Chief Executive Officer,Sumter National Bank, Sumter, South Carolina

President and Chief Executive Officer,Charlotte Regional Partnership,Charlotte, North Carolina

President, High Point Chevrolet Jeep,High Point, North Carolina

President and Chief Executive Officer,Capitol Broadcasting Company, Inc.,Raleigh, North Carolina

Chairman and Chief Executive Officer,Trustmark Corporation, Jackson, Mississippi

President and Chief Executive Officer,Capital City Bank Group, Inc., Tallahassee, Florida

Chairman, President, and Chief Executive Officer,Farmers & Merchants Bank, Centre, Alabama

Chairman and Chief Executive Officer,The Integral Group, LLC, Atlanta, Georgia

President and Chief Executive Officer,Trinity Yachts LLC, New Orleans, Louisiana

President, Consumer Credit Counseling Service ofGreater Atlanta, Inc., Atlanta, Georgia

Term expiresDec. 31

20022003

2004

2002

2003

2003

2004

2002

2003

2004

2002

2003

2004

2002

2003

2004


2002




Class CJohn F. Wieland

Paula Lovell

David M. Ratcliffe

Birmingham BranchAppointed by theFederal Reserve Bank

W.Charles Mayer III

Hundley Batts, Sr.

James Austin Vickery

John B. Barnett III


V. Larkin MartinW. Miller Welborn

Catherine Sloss Crenshaw ..

Jacksonville BranchAppointed by theFederal Reserve Bank

Jerry M. Smith

Robert L. Fisher

Michael W. Poole

Harvey R. Heller


Marsha G. RydbergWilliam E. Flaherty

Julie K. Hilton

Title

Chief Executive Officer and Chairman,John Wieland Homes and Neighborhoods, Inc.,Atlanta, Georgia

President, Lovell Communications, Inc.,Nashville, Tennessee

President and Chief Executive Officer,Georgia Power Company, Atlanta, Georgia

Senior Executive Vice President, Alabama BankingGroup Head, Commercial Banking Group Head,AmSouth Bank, Birmingham, Alabama

Owner and Managing General Agent,Hundley Batts & Associates, HuntsviUe, Alabama

International Representative, Laborers' InternationalUnion of Norm America, Gadsden, Alabama

Chairman, The Monroe County Bank,Monroeville, Alabama

Managing Partner, Martin Farm, Couitland, AlabamaPresident, Welborn and Associates, Inc.,

Lookout Mountain, TennesseePresident, Sloss Real Estate Group, Inc.,

Birmingham, Alabama

Chairman and President, First National Bank ofAlachua, Alachua, Florida

President and Chief Executive Officer,MacDill Federal Credit Union, Tampa, Florida

Principal, Poole Carbone Eckbert, Inc.,Winter Park, Florida

President, Heller Brothers Packing Corp.,Winter Garden, Florida

Partner, The Rydberg Law Firm, Tampa, FloridaRetired Chairman, Blue Cross and Blue Shield of

Florida, Inc., Jacksonville, FloridaVice President and Co-Owner,

Paradise Found Resorts & Hotels,Panama City Beach, Florida

Term expiresDec. 31

2002

2003

2004

2002

2003

2003

2004

20022003

2004

2002

2003

2003

2004

20022003

2004


2002



Miami BranchAppointed by theFederal Reserve Bank

D. Keith Cobb

James W. Moore

Miriam Lopez

Rudy E. Schupp


Mark T. SoddersBrian E. Keeley

Rosa Sugranes

Nashville BranchAppointed by theFederal Reserve Bank

Michael B. Swain

Emil Hassan

James W. Spradley, Jr.

Sam O. Franklin III


Beth Dortch Franklin

Whitney Johns Martin

F. Rodney Lawler

New Orleans BranchAppointed by theFederal Reserve Bank

C. R. Cloutier

Ten G. Fontenot

David Guidry

David E. Johnson

Titlpl Hie

Managing Director, Cobb Consulting Group,Ft. Lauderdale, Florida

Managing Partner, Riverside Capital, LLC,Fort Myers, Florida

President and Chief Executive Officer,TransAtlantic Bank, Miami, Florida

Consultant, Florida Operations, Wachovia, N.A.,North Palm Beach, Florida

President, Lakeview Farms, Inc., Pahokee, FloridaPresident and Chief Executive Officer,

Baptist Health South Florida, Coral Gables, FloridaChairman, Iberia Tiles Corp., Miami, Florida

President and Chief Executive Officer,First National Bank of Oneida, Oneida, Tennessee

Senior Vice President, North American Manufacturing,Purchasing, Quality and Logistics,Nissan North America, Inc., Smyrna, Tennessee

President, Standard Candy Company, Inc.,Nashville, Tennessee

Chairman, SunTrust Bank, Nashville,Nashville, Tennessee

President and Chief Executive Officer,Star Transportation, Inc., Nashville, Tennessee

Chairman and Chief Executive Officer,Capital Across America, Nashville, Tennessee

Co-Founder and Chief Executive Officer,Lawler-Wood, LLC, Knoxville, Tennessee

President and Chief Executive Officer,MidSouth Bank, Lafayette, Louisiana

President and Chief Executive Officer,Woman's Hospital, Baton Rouge, Louisiana

President and Chief Executive Officer,Guico Machine Works, Inc., Harvey, Louisiana

Chairman and Chief Executive Officer,The First Bancshares, Inc., andthe First National Bank of South Mississippi,Hattiesburg, Mississippi

Term expiresDec. 31

2002

2002

2003

2004

20022003

2004

2002

2003

2003

2004

2002

2003

2004

2002

2003

2003

2004


2002





R. Glenn Pumpelly

Ben Tom Roberts

Dave Dennis

DISTRICT 7—CHICAGOClass A

William A. Osborn

Robert R. Yohanan

Alan R. Tubbs

Class BConnie E. Evans

Jack B.Evans

James H. Keyes

Class CRobert J. Darnall

W. James Farrell

MilesD. White

Detroit BranchAppointed by theFederal Reserve Bank

IrmaB. ElderMarkT. GaffneyDavid J. WagnerRobert E. Churchill


Edsel B. Ford II


IrvinD.Reid

Title

President and Chief Executive Officer,Pumpelly Oil Inc., Sulphur, Louisiana

Senior Executive Vice President/Owner,Roberts Brothers, Inc., Realtors, Mobile, Alabama

President, Specialty Contractors & Assoc, Inc.,Gulfport, Mississippi

Chairman and Chief Executive Officer,Northern Trust Corporation andThe Northern Trust Company, Chicago, Illinois

Managing Director and Chief Executive Officer,First Bank & Trust, Evanston, Illinois

President, Maquoketa State Bank andOhnward Bancshares Inc., Maquoketa, Iowa

President and Chief Executive Officer,WSEP Ventures, Chicago, Illinois

President, The Hall-Perrine Foundation,Cedar Rapids, Iowa

Chairman and Chief Executive Officer,Johnson Controls, Inc., Milwaukee, Wisconsin

Retired Chairman and Chief Executive Officer,Inland Steel Industries, Inc., Chicago, Illinois

Chairman and Chief Executive Officer,Illinois Tool Works Inc., Glenview, Illinois

Chairman and Chief Executive Officer,Abbott Laboratories, Abbott Park, Illinois

President, Elder Ford, Troy, MichiganPresident, Michigan AFL-CIO, Lansing, MichiganChairman, Fifth Third Bank, Grand Rapids, MichiganChairman and Chief Executive Officer,

Citizens National Bank, Cheboygan, Michigan

Board Director, Ford Motor Company,Dearborn, Michigan

President and Chief Executive Officer,Metaldyne, Plymouth, Michigan

President, Wayne State University, Detroit, Michigan

Term expiresDec. 31

2002

2003

2004

2002

2003

2004

2002

2003

2004

2002

2003

2004

2002200220032004

2002

2003

2004


2002



DISTRICT 8—ST. LOUISClass A

Lunsford W. Bridges

Bradley W. Small

Lewis F. Mallory, Jr

Class BJoseph E. Gliessner, Jr

Robert L. Johnson

Bert Greenwalt

Class CGayle P. W. Jackson

Walter L. Metcalfe, Jr.Charles W. Mueller

Little Rock BranchAppointed by theFederal Reserve Bank

David R. Estes

Everett Tucker III

Raymond E. Skelton

Lawrence A. Davis, Jr.


A. Rogers Yarnell IIVacancyVick M. Crawley

Louisville BranchAppointed by theFederal Reserve Bank

Thomas W. Smith

Marjorie Z. Soyugenc

Frank J. Nichols

Titip1 lllc

President and Chief Executive Officer,Metropolitan National Bank, Little Rock, Arkansas

President and Chief Executive Officer,The Farmers and Merchants National Bank,Nashville, Illinois

Chairman and Chief Executive Officer,National Bank of Commerce, Starkville, Mississippi

Executive Director, New Directions Housing Corp.,Louisville, Kentucky

Chairman and Chief Executive Officer,Johnson Bryce, Inc., Memphis, Tennessee

Partner, Greenwalt Company, Hazen, Arkansas

Managing Director, FondElec Clean Energy Group, Inc.,St. Louis, Missouri

Chairman, Bryan Cave LLP, St. Louis, MissouriChairman and Chief Executive Officer,

Ameren Corporation, St. Louis, Missouri

President and Chief Executive Officer, First State Bank,Lonoke, Arkansas

Chairman, Moses Tucker Real Estate, Inc.,Little Rock, Arkansas

Regional President, U.S. Bank, N.A.,Little Rock, Arkansas

Chancellor, University of Arkansas at Pine Bluff,Pine Bluff, Arkansas

President, Yarnell Ice Cream Co., Inc., Searcy, Arkansas

Plant Manager, Baxter Healthcare Corporation,Mountain Home, Arkansas

President, Thomas W. Smith & Associates, Inc.,Danville, Kentucky

Executive Director and Chief Executive Officer,Welborn Foundation, Evansville, Indiana

Chairman, President, and Chief Executive Officer,Community Financial Services, Inc.,Benton, Kentucky

Term expiresDec. 31

2002

2003

2004

2002

2003

2004

2002

20032004

2002

2002

2003

2004

200220032004

2002

2002

2003


2002




David H. Brooks


J. Stephen Barger

Norman E. Pfau, Jr.

Cornelius A. Martin

Memphis BranchAppointed by theFederal Reserve Bank

James A. England

TomA. Wright

E. C. Neelly III

Walter L. Morris, Jr.


Mike P. Sturdivant, Jr.Russell GwatneyGregory M. Duckett

DISTRICT 9—MINNEAPOLISClass A

Roger N. Berglund

Dan M. Fisher

Kay Clevidence

Class BRob L. Wheeler

D. Greg Heineman

Jay F. Hoeschler

Tiflp

Chairman and Chief Executive Officer,Stock Yards Bank & Trust Company,Louisville, Kentucky

Executive Secretary-Treasurer,Kentucky State District Council of Carpenters,Frankfort, Kentucky

President and Chief Executive Officer,Geo. Pfau's Sons Company, Inc.,Jeffersonville, Indiana

President and Chief Executive Officer,Martin Management Group,Bowling Green, Kentucky

Chairman, President, and Chief Executive Officer,Decatur County Bank, Decaturville, Tennessee

Chairman, President, and Chief Executive Officer,Enterprise National Bank, Memphis, Tennessee

Management Consultant, First American National Bank,Iuka, Mississippi

President, H&M Lumber Co., Inc.,West Helena, Arkansas

Partner, Due West, Glendora, MississippiPresident, Gwatney Companies, Memphis, TennesseeSenior Vice President and Corporate Counsel,


Chairman and President, Dakota Western Bank,Bowman, North Dakota

Chief Information Officer, Community First Bankshares,Inc., Fargo, North Dakota

President, Farmers State Bank, Victor, Montana

Vice President, Wheeler Mfg. Co., Inc.,Lemmon, South Dakota

Chairman, Williams Insurance Agency,Sioux Falls, South Dakota

President, Hoeschler Corporation, La Crosse, Wisconsin

Term expiresDec. 31

2004

2002

2003

2004

2002

2002

2003

2004

200220032004

2002

2003

2004

2002

2003

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2002



Class CLinda Hall Whitman

Ronald N. Zwieg

Frank L. Sims

Helena BranchAppointed by theFederal Reserve Bank

Emil W. Erhardt

Marilyn F. Wessel

Richard E. Hart


William P. UnderrinerTom Markle

DISTRICT 10—KANSAS CITYClass A

Dennis E. Barrett

Bruce A. SchrieferJeffrey L. Gerhart

Class BPaula Marshall-Chapman ...

Hans C. Helmerich

Frank Moore

Class CRhonda Holman

Terrence P. Dunn

Richard H. Bard

Titif11 lie

Chief Executive Officer, QuickMedx, Inc.,Minneapolis, Minnesota

President, United Food & Commercial Workers,Local 653, Plymouth, Minnesota

Corporate Vice President, Transportation Cargill, Inc.,Wayzata, Minnesota

Chairman and President, Citizens State Bank,Hamilton, Montana

Dean and Director, Museum of the Rockies,Bozeman, Montana

President, Senior Lender, and Director,Mountain West Bank, Kalispell, Montana

President, Underriner Motors, Billings, MontanaPresident and Chief Executive Officer,

Markle's Inc., Glasgow, Montana

Vice Chairman, FirstBank Holding Companyof Colorado, Lakewood, Colorado

President, Bankers' Bank of Kansas, Wichita, KansasPresident and Chief Executive Officer,

First National Bank, Newman Grove, Nebraska

Chief Executive Officer, The Bama Companies, Inc.,Tulsa, Oklahoma

President and Chief Executive Officer,Helmerich & Payne, Inc., Tulsa, Oklahoma

President, Spearhead Ranch Company,Douglas, Wyoming

Vice President, Kauffman Center for EntrepreneurialLeadership at the Ewing Marion KauffmanFoundation, Kansas City, Missouri

President and Chief Executive Officer,J. E. Dunn Construction Company,Kansas City, Missouri

Founder and Manager, IdeaSpring, LLC,Denver, Colorado

Term expiresDec. 31

2002

2003

2004

2002

2002

2003

20022003

2002

20032004

2002

2003

2004

2002

2003

2004


2002




Denver BranchAppointed by theFederal Reserve Bank

Virginia K. Berkeley

John W.Hay III

Kathryn A. Paul

Thomas Williams


Kathleen Avila

Robert M. Murphy

James A. King

Oklahoma City BranchAppointed by theFederal Reserve Bank

Robert A. Funk

Russell W. TeubnerRobert R. Gilbert III

W. Carlisle Mabrey III


J. Clifford Hudson

Patricia B. Fennell

Vacancy

Omaha BranchAppointed by theFederal Reserve Bank

Judith A. Owen

Frank L. Hayes

H. H. Kosman

CynthiaHardinMilligan ...

Title

President, Colorado Business Bank N. A.,Denver, Colorado

President, Rock Springs National Bank,Rock Springs, Wyoming

President, Delta Dental Plan of Colorado,Denver, Colorado

President and Chief Executive Officer,Williams Group LLC, Golden, Colorado

Managing Member, Avila Retail Development &Management, Albuquerque, New Mexico

President, Sandia Properties Ltd., Co.,Albuquerque, New Mexico

Chief Executive Officer, BT, Inc., Riverton, Wyoming

Chairman and Chief Executive Officer,Express Personnel Services International,Oklahoma City, Oklahoma

Founder and Director, Esker, Inc., StiUwater, OklahomaPresident and Chief Operating Officer,

The F&M Bank & Trust Company, Tulsa, OklahomaPresident and Chief Executive Officer,

Citizens Bank & Trust Co., Okmulgee, Oklahoma

Chairman and Chief Executive Officer, Sonic Corp.,Oklahoma City, Oklahoma

Executive Director, Latino Community DevelopmentAgency, Oklahoma City, Oklahoma

President and Chief Executive Officer,Wells Fargo Bank Nebraska, N.A., Omaha, Nebraska

President, Hayes & Associates, L.L.C., CPAs,Omaha, Nebraska

Chairman, President, and Chief Executive Officer,Platte Valley National Bank, Scottsbluff, Nebraska

Dean, College of Business Administration,University of Nebraska-Lincoln, Lincoln, Nebraska

Term expiresDec. 31

2002

2003

2003

2004

2002

2003

2004

2002

20032004

2004

2002

2003

2004

2002

2003

2003

2004


2002




Bob L. Gottsch

A. F. Raimondo

Timothy Sandos

DISTRICT 11—DALLASClass A

Kenneth T. Murphy

Matthew T. Doyle

David S. Barnard

Class BMalcolm GillisJudy Ley AllenJulie Spicer England

Class CPatricia M. PattersonH. B. Zachry, Jr.

Ray L. Hunt

El Paso BranchAppointed by theFederal Reserve Bank

Melissa W. O'RourkeJames D. Renfrow

Ron C. HelmF. James Volk


James Haines

Gail DarlingCecilia 0. Levine

Vice President, Gottsch Feeding Corporation,Hastings, Nebraska

Chairman and Chief Executive Officer,Behlen Mfg. Co., Columbus, Nebraska

Former Vice President and State Executive Officer-Nebraska, Qwest Communications,Omaha, Nebraska

Chairman, President, and Chief Executive Officer,First Financial Bankshares, Inc., Abilene, Texas

Vice Chairman and Chief Executive Officer,Texas First Bank, Texas City, Texas

Chairman, National Bank, Gatesville, Texas

President, Rice University, Houston, TexasPartner, Allen Investments, Houston, TexasVice President, Texas Instruments, Dallas, Texas

President, Patterson Investments, Inc., Dallas, TexasChairman and Chief Executive Officer,

H. B. Zachry Company, San Antonio, TexasChairman, President, and Chief Executive Officer,

Hunt Consolidated, Inc., Dallas, Texas

President, Charlotte's Inc., El Paso, TexasPresident and Chief Executive Officer,

The Carlsbad National Bank, Carlsbad, New MexicoOwner, Helm Cattle Company, Van Horn, TexasPresident and Chief Executive Officer,

State National Bank, El Paso, Texas

Director and Vice Chairman, El Paso Electric Company,El Paso, Texas

President, Gail Darling Inc., El Paso, TexasPresident, MFI International Mfg., LLC,

USA/Mexico Strategic Alliance, El Paso, Texas

Term expiresDec. 31

2002

2003

2004

2002

2003

2004

200220032004

20022003

2004

20022002

20032004

2002

20032004


2002




Houston BranchAppointed by theFederal Reserve Bank

RayB.Nesbitt

PriscillaD.SladeAlan R. Buckwalter III

Richard W. Weekley


Lupe Fraga

VacancyEdward 0. Gaylord

San Antonio BranchAppointed by theFederal Reserve Bank

Mary Rose Cardenas

Daniel B. Hastings, Jr.

Arthur R. Emerson

R. Tom Roddy


Patty Puig Mueller

Marvin L. Ragsdale

Ron R. Harris

DISTRICT 12—SAN FRANCISCOClass A

E. Lynn Caswell

Richard C. Hartnack

Richard W. Decker, Jr.

Title

President (Retired), Exxon Chemical Company,Houston, Texas

President, Texas Southern University, Houston, TexasChairman and Chief Executive Officer,

Chase J.P. Morgan Bank, South Region,Houston, Texas

Chairman, Weekley Development Company,Houston, Texas

President and Chief Executive Officer,Tejas Office Products, Inc., Houston, Texas

Chairman, Jacintoport Terminal Company,Houston, Texas

Vice President, Cardenas Motors, Inc.,Brownsville, Texas

President and Owner, Daniel B. Hastings, Inc.,Laredo, Texas

Chairman and Chief Executive Officer,Groves Rojas Emerson, San Antonio, Texas

Chairman Clear Lake National Bank,San Antonio, Texas

Vice President-Finance, Mueller Energetics Corp.,Corpus Christi, Texas

President, Iron Workers District Council of the Stateof Texas, Georgetown, Texas

President and Chief Executive Officer,Pervasive Software, Inc., Austin, Texas

Chairman and Managing Director, Zurich AmericanTrust Co., AG, Laguna Niguel, California

Vice Chairman, Union Bank of California,Los Angeles, California

Chairman and Co-Founder, Belvedere Capital Partners,LLC, San Francisco, California

Term expiresDec. 31

2002

20022003

2004

2002

20032004

2002

2002

2003

2004

2002

2003

2004

2002

2003

2004


2002



Class BRobert S. Attiyeh

Barbara L. Wilson

JackMcNally

Class CGeorge M. Scalise

Nelson C. Rising

Sheila D. Harris

Los Angeles BranchAppointed by theFederal Reserve Bank

John H. Gleason

Linda Griego

D. Linn Wiley

Russell Goldsmith


Lori R. Gay

Lonnie KaneWilliam D. Jones

Portland BranchAppointed by theFederal Reserve Bank

L. Martin Brantley

VacancyPeter 0. Kohler

George J. Passadore

Titip11L1C

Senior Vice President, Chief Financial Officer (Retired),and Consultant, Amgen, Inc.,Thousand Oaks, California

Idaho and Regional Vice President (Retired),Qwest Corporation, Boise, Idaho

Business Manager (Retired), IBEW Local Union 1245,and Principal, JKM Consulting,Sacramento, California

President, Semiconductor Industry Association,San Jose, California

Chairman and Chief Executive Officer,Catellus Development Corporation,San Francisco, California

Director, Arizona Department of Housing,Phoenix, Arizona

Regional President, California and Texas,Del Webb Group, Phoenix, Arizona

Managing Partner, Engine Co. No. 28,Los Angeles, California

President and Chief Executive Officer,Citizens Business Bank, Ontario, California

Chairman and Chief Executive Officer,City National Bank, Beverly Hills, California

President, Los Angeles Neighborhood HousingServices, Inc., Los Angeles, California

President, Karen Kane, Inc., Los Angeles, CaliforniaChairman, President, and Chief Executive Officer,


President and General Manager (Retired),Oregon's 12-KPTV, Portland, Oregon

President, Oregon Health & Science University,Portland, Oregon

Chairman-Oregon, Wells Fargo Bank, Portland, Oregon

Term expiresDec. 31

2002

2003

2004

2002

2003

2004

2002

2003

2003

2004

2002

20032004

2002

20022003

2004


2002





Nancy WilgenbuschPatrick BorundaKarla S. Chambers

Salt Lake City BranchAppointed by theFederal Reserve Bank

Maria Garciaz

J. Pat McMurray

Peggy A. Stock

Curtis H. Harris


H. Roger BoyerWilliam C. GlynnGary L. Crocker

Seattle BranchAppointed by theFederal Reserve Bank

James C. Hawkanson

Mary E. Pugh

Betsy Lawer

Peter H. van Oppen


Boyd E. Givan

David W. Wyckoff

Mic R. Dinsmore

11UC

President, Marylhurst University, Marylhurst, OregonPrincipal, The Navigator Group, Vancouver, WashingtonVice President, Stahlbush Island Farms, Inc.,

Corvallis, Oregon

Executive Director, Salt Lake Neighborhood HousingServices, Inc., Salt Lake City, Utah

President and Chief Executive Officer,Idaho Region, Wells Fargo, Boise, Idaho

President Emeritus, Westminster College,Salt Lake City, Utah

Chairman, President, and Chief Executive Officer,Barnes Banking Company, Kaysville, Utah

Chairman, The Boyer Company, Salt Lake City, UtahPresident, Intermountain Industries, Inc., Boise, IdahoChairman, ARUP Laboratories, Salt Lake City, Utah

Chairman (Retired), The Commerce Bank ofWashington, N.A., Seattle, Washington

President, Pugh Capital Management, Inc.,Seattle, Washington

Vice Chair and Chief Operating Officer,First National Bank Alaska, Anchorage, Alaska

Chairman and Chief Executive Officer,Advanced Digital Information Corp.,Redmond, Washington

Senior Vice President and Chief Financial Officer(Retired), The Boeing Company, Seattle, Washington

Chairman and Chief Executive Officer,Wyckoff Farms, Inc., Grandview, Washington

Chief Executive Officer, Port of Seattle,Seattle, Washington

Term expiresDec. 31

200220032004

2002

2002

2003

2004

200220032004

2002

2002

2003

2004

2002

2003

2004


2002

Members of the Board of Governors, 1913-2002 267

Members of the Board of Governors, 1913-2002

Appointed Members


Date initially tookoath of office Other dates1

Charles S. Hamlin

Paul M. WarburgFrederic A. DelanoW.P.G. HardingAdolph C. Miller




JJ. ThomasMarriner S. Eccles



A.L. Mills, Jr.

J.L. Robertson

C. Canby BalderstonPaul E. Miller

Boston








San Francisco

Kansas City

PhiladelphiaMinneapolis

Aug. 10, 1914

Aug. 10, 1914Aug. 10, 1914Aug. 10, 1914Aug. 10, 1914

Oct. 26, 1918Nov. 10, 1919June 8, 1920



June 14, 1933Nov. 15, 1934

Feb. 3, 1936Feb. 3, 1936Feb. 3, 1936Feb. 10, 1936June 25, 1936


Feb.18,1952

Feb. 18, 1952

Aug. 12, 1954Aug. 13, 1954






1936.3











1973.Served through Feb. 28, 1966.Died Oct. 21, 1954.


2002



Name

Chas. N. ShepardsonG.H. King, Jr.

George W. Mitchell

J. Dewey DaaneSherman J. MaiselAndrew F. BrimmerWilliam W.Sherrill

Arthur F. Burns

John E. SheehanJeffrey M. BucherRobert C. HollandHenry C. WallichPhilip E. ColdwellPhilip C. Jackson, Jr.J. Charles ParteeStephen S. GardnerDavid M. LillyG. William MillerNancy H. TeetersEmmett J. RiceFrederick H. SchultzPaul A. VolckerLyle E. GramleyPreston MartinMartha R. SegerWayne D. AngellManuel H. JohnsonH. Robert HellerEdward W. Kelley, Jr.Alan GreenspanJohn P. LaWareDavid W.Mullins, Jr.Lawrence B. LindseySusan M. PhillipsAlan S. BlinderJanet L. YellenLaurence H. MeyerAlice M. RivlinRoger W. Ferguson, Jr.Edward M. GramlichSusan S. BiesMark W. OlsonBen S. BernankeDonald L. Kohn


DallasAtlanta

Chicago


New York

St. LouisSan FranciscoKansas CityBostonDallasAtlantaRichmondPhiladelphiaMinneapolisSan FranciscoChicagoNew YorkAtlantaPhiladelphiaKansas CitySan FranciscoChicagoKansas CityRichmondSan FranciscoDallasNew YorkBostonSt. LouisRichmondChicagoPhiladelphiaSan FranciscoSt. LouisPhiladelphiaBostonRichmondChicagoMinneapolisAtlantaKansas City


Mar. 17, 1955Mar. 25, 1959

Aug. 31, 1961

Nov. 29, 1963Apr. 30, 1965Mar. 9, 1966May 1, 1967

Jan. 31, 1970

Jan. 4, 1972June 5, 1972June 11, 1973Mar. 8,1974Oct. 29, 1974July 14, 1975Jan. 5, 1976Feb. 13, 1976June 1, 1976Mar. 8, 1978Sept. 18, 1978June 20, 1979July 27, 1979Aug. 6, 1979May 28, 1980Mar. 31, 1982July 2, 1984Feb. 7, 1986Feb. 7, 1986Aug. 19, 1986May 26, 1987Aug. 11, 1987Aug. 15, 1988May 21, 1990Nov. 26, 1991Dec. 2, 1991June 27, 1994Aug. 12, 1994June 24, 1996June 25, 1996Nov. 5, 1997Nov. 5, 1997Dec. 7, 2001Dec. 7, 2001Aug. 5, 2002Aug. 5, 2002

Other dates1

Retired Apr. 30, 1967.Reappointed in 1960. Resigned Sept. 18,


Feb. 13, 1976.2




Mar. 31, 1978.Resigned June 1, 1975.Resigned Jan. 2, 1976.Resigned May 15, 1976.Resigned Dec. 15, 1986.Served through Feb. 29,1980.Resigned Nov. 17, 1978.Served until Feb. 7, 1986.2

Died Nov. 19, 1978.Resigned Feb. 24, 1978.Resigned Aug. 6, 1979.Served through June 27, 1984.Resigned Dec. 31, 1986.Served through Feb. 11, 1982.Resigned August 11, 1987.Resigned Sept. 1, 1985.Resigned April 30, 1986.Resigned March 11, 1991.Served through Feb. 9, 1994.Resigned August 3, 1990.Resigned July 31, 1989.Resigned Dec. 31, 2001.Reappointed in 1992.Resigned April 30, 1995.Resigned Feb. 14, 1994.Resigned Feb. 5, 1997.Served through June 30, 1998.Term expired Jan. 31, 1996.Resigned Feb. 17, 1997.Term expired Jan. 31, 2002.Resigned July 16, 1999.Reappointed in 2001.


2002



Name Term

Chairmen3

Charles S. HamlinW.RG. HardingDaniel R. CrissingerRoy A. YoungEugene MeyerEugene R. BlackMarriner S. EcclesThomas B. McCabeWm. McC. Martin, Jr.Arthur F. BurnsG.William MillerPaul A. VolckerAlan Greenspan

Vice Chairmen3


Aug. 10, 1914-Aug. 9, 1916Aug. 10,1916-Aug. 9, 1922May 1, 1923-Sept. 15, 1927Oct. 4, 1927-Aug. 31, 1930Sept. 16,1930-May 10,1933May 19, 1933-Aug. 15, 1934Nov. 15, 1934-Jan. 31, 19484

Apr. 15, 1948-Mar. 31, 1951Apr. 2, 1951-Jan. 31, 1970Feb. 1, 1970-Jan. 31, 1978Mar. 8, 1978-Aug. 6, 1979Aug. 6, 1979-Aug. 11, 1987Aug. 11, 1987-5

Aug. 10, 1914-Aug. 9, 1916Aug. 10, 1916-Aug. 9, 1918Oct. 26, 1918-Mar. 15, 1920July 23, 1920-Sept. 14, 1930Aug. 21, 1934-Feb. 10, 1936Aug. 6, 1936-Dec. 2, 1947Mar. 11, 1955-Feb. 28, 1966Mar. 1, 1966-Apr. 30, 1973May 1, 1973-Feb. 13, 1976Feb. 13, 1976-Nov. 19, 1978July 27, 1979-Feb. 11, 1982Mar. 31, 1982-Apr. 30, 1986Aug. 4, 1986-Aug. 3, 1990July 24, 1991-Feb. 14, 1994June 27, 1994-Jan. 31, 1996June 25, 1996-July 16, 1999Oct. 5, 1999-

NOTE. Under the original Federal Reserve Act, theFederal Reserve Board was composed of five appointedmembers, the Secretary of the Treasury (ex-officio chair-man of the Board), and the Comptroller of the Currency.The original term of office was ten years; the five originalappointed members had terms of two, four, six, eight, andten years. In 1922 the number of appointed members wasincreased to six, and in 1933 the term of office was raisedto twelve years. The Banking Act of 1935 changed thename to the Board of Governors of the Federal ReserveSystem and provided that the Board be composed ofseven appointed members; that the Secretary of the Trea-sury and the Comptroller of the Currency continue toserve until Feb. 1, 1936; that the appointed members in

office on Aug. 23, 1935, continue to serve until Feb. 1,1936, or until their successors were appointed and hadqualified; and that thereafter the terms of members befourteen years and that the designation of Chairman andVice Chairman of the Board be for four years.


2. Successor took office on this date.3. Before Aug. 23, 1935, Chairmen and Vice Chair-

men were designated Governor and Vice Governor.4. Served as Chairman Pro Tempore from February 3,

1948, to April 15, 1948.5. Served as Chairman Pro Tempore from March 3,

1996, to June 20, 1996.


2002


Ex-Officio Members

Name Term

Secretaries of the TreasuryW.G. McAdooCarter GlassDavid F. HoustonAndrew W. MellonOgden L. MillsWilliam H. WoodinHenry Morgenthau, Jr.

Comptrollers of the CurrencyJohn Skelton WilliamsDaniel R. CrissingerHenry M. DawesJoseph W. MclntoshJ.W PoleJ.F.T. O'Connor

Dec. 23, 1913-Dec. 15, 1918Dec. 16, 1918-Feb. 1, 1920Feb. 2, 1920-Mar. 3, 1921Mar. 4, 1921-Feb. 12, 1932Feb. 12, 1932-Mar. 4, 1933Mar. 4, 1933-Dec. 31, 1933Jan. 1, 1934-Feb. 1, 1936

Feb. 2, 1914-Mar. 2, 1921Mar. 17, 1921-Apr. 30, 1923May 1, 1923-Dec. 17, 1924Dec. 20, 1924-Nov. 20, 1928Nov. 21, 1928-Sept. 20, 1932May 11, 1933-Feb. 1, 1936


2002



Officers

BANK or Branch

BOSTON2

NEW YORK2

Buffalo

PHILADELPHIA

CLEVELAND2


RICHMOND2

BaltimoreCharlotte

ATLANTA


CHICAGO2

Detroit

ST. LOUIS


MINNEAPOLIS

Helena ... . . . .

Chairman1

Deputy Chairman

James J. NortonSamuel 0 . Thier

Peter G. PetersonJohn E. Sexton

Marguerite D.Hambleton

Glenn A. SchaefferRonald J. Naples

Robert W. MahoneyCharles E. Bunch

Dennis C. CuneoRoy W. Haley

Wesley S. Williams, Jr.Thomas J.

Mackell, Jr.Owen E. HerrnstadtMichael A. Almond

Paula LovellDavid M. Ratcliffe

W. Miller WelbornWilliam E. FlahertyBrian E. KeeleyWhitney Johns MartinDave Dennis

Robert J. DarnallW. James Farrell

Timothy D Leuliette

Charles W. MuellerWalter L.

Metcalfe, Jr.Vick M. CrawleyNorman E. Pfau, Jr.Gregory M. Duckett

Ronald N. ZwiegLinda Hall Whitman

Thomas O. Markle



Timothy F. GeithnerJamie B. Stewart, Jr.


Sandra PianaltoRobert Christy Moore




Werkema




Barbara L. Walter3



Jeffreys. Kane3

James M. McKee3

Lee C. JonesChristopher L. OakleyJames T. Curry IIIMelvynK. Purcell3

Robert J. Musso3

Glenn Hansen3


Samuel H. Gane


2003


Officers—Continued

BANK or Branch Chairman1



KANSAS CITY ....


DALLAS


SAN FRANCISCO.

Los AngelesPortland


Richard H. BardRobert A. Funk

Robert M. MurphyPatricia B. FennellA. F. Raimondo

Ray L. HuntPatricia M.

PattersonGail S. DarlingLupe FragaRon R. Harris

George M. ScaliseSheila D. Harris

William D. JonesKarla S. Chambers

H. Roger BoyerMic R. Dinsmore




Pamela L. WeinsteinDwayne E. BoggsSteven D. Evans

Robert W. Gilmer4

Robert Smith IIPJames L.Stull3

MarkL. Mullinix5


Andrea P. WolcottMark Gould

NOTE. A current list of these officers appears eachquarter in the Federal Reserve Bulletin.

1. The Chairman of a Federal Reserve Bank serves, bystatute, as Federal Reserve agent.

2. Additional offices of these Banks are located atWindsor Locks, Connecticut; Utica at Oriskany, NewYork; East Rutherford, New Jersey; Columbus, Ohio;

Charleston, West Virginia; Columbia, South Carolina;Indianapolis, Indiana; Milwaukee, Wisconsin; DesMoines, Iowa; and Peoria, Illinois.

3. Senior Vice President4. Acting Vice President5. Executive Vice President

Conference of ChairmenThe chairmen of the Federal Reserve Banksare organized into the Conference of Chair-men, which meets to consider matters ofcommon interest and to consult with andadvise the Board of Governors. The deputychairmen of the Federal Reserve Banks alsoattend these meetings. Conference meetingswere held in Washington on May 28 and 29,and on December 3 and 4, 2003.

The members of the executive com-mittee of the Conference of Chairmen dur-ing 2003 were Robert J. Darnall, chair;Wesley S. Williams, Jr., vice chair; andRonald N. Zwieg, member.

On December 4, 2003, the conferenceelected its executive committee for 2004,naming Wesley S. Williams, Jr., as chair;George M. Scalise as vice chair; andWalter L. Metcalfe, Jr., as the third member.

Conference of PresidentsThe presidents of the Federal ReserveBanks are organized into the Conferenceof Presidents, which meets periodically toconsider matters of common interest andto consult with and advise the Board ofGovernors.

Michael H. Moskow, President of theFederal Reserve Bank of Chicago, servedas chair of the conference in 2003, andCathy E. Minehan, President of the FederalReserve Bank of Boston, served as its vicechair. Valerie J. Van Meter, of the FederalReserve Bank of Chicago, served as its sec-retary, and Michael P. Malone, of the FederalReserve Bank of Boston, served as its assis-tant secretary.


2003



Paul M. Connolly, First Vice President ofthe Federal Reserve Bank of Boston, servedas chair of the conference in 2003, andWalter A. Varvel, First Vice President of theFederal Reserve Bank of Richmond, servedas its vice chair. David K. Park, of the Fed-eral Reserve Bank of Boston, served as itssecretary, and Janice E. Clatterbuck, of theFederal Reserve Bank of Richmond, servedas its assistant secretary.

On September 29, 2003, the conferenceelected Walter A. Varvel as its chair for2004-05, and Helen E. Holcomb, First VicePresident of the Federal Reserve Bank ofDallas, as its vice chair.

DirectorsEach Federal Reserve Bank has a nine-member board: three Class A and threeClass B directors, who are elected by thestockholding member banks, and threeClass C directors, who are appointed by theBoard of Governors of the Federal ReserveSystem.

Class A directors represent the stockhold-ing member banks in each Federal ReserveDistrict. Class B and Class C directors repre-sent the public and are chosen with due, but

not exclusive, consideration to the interestsof agriculture, commerce, industry, services,labor, and consumers; they may not be offi-cers, directors, or employees of any bank orbank holding company. In addition, Class Cdirectors may not be stockholders of anybank or bank holding company.

For the election of Class A and Class Bdirectors, the member banks of each FederalReserve District are classified into threegroups. Each group, which comprises bankswith similar capitalization, elects oneClass A director and one Class B director.Annually, the Board of Governors designatesone of the Class C directors as chair of theboard of each District Bank, and it desig-nates another Class C director as deputychair.

Federal Reserve Branches have either fiveor seven directors, a majority of whom areappointed by the parent Federal ReserveBank; the others are appointed by the Boardof Governors. One of the directors appointedby the Board is designated annually as chairof the board of that Branch in a mannerprescribed by the parent Federal ReserveBank. For the name of the chair and deputychair of the board of directors of eachReserve Bank and of the chair of eachBranch, see the preceding table, "Officersof Federal Reserve Banks and Branches."

A list of the directors of Federal ReserveBanks and Branches follows. For each direc-tor, the class of directorship, the director'sprincipal organizational affiliation, and thedate the director's term expires is shown.


2003


Directors

BANK or BRANCH, CategoryName

RESERVE BANK

Class ARichard C. White

Lawrence K. Fish

David S. Outhouse

Class BSherwin GreenblattRobert K. Kraft

Orit Gadiesh

Class CJames J. NortonSamuel 0. Thier

Blenda J. Wilson

RESERVE BANK

Class ASanford I. WeillJill M. Considine

Charles V. Wait

Class BJerry I. Speyer

Ronay MenschelMarta Tienda

Class CJohn E. SextonPeter G. PetersonLoretta E. Lynch

Title Term expiresDec. 31

DISTRICT 1—BOSTON

Chairman, President, and Chief Executive Officer, 2003Community National Bank, Derby, Vermont

Chairman, President, and Chief Executive Officer, 2004Citizens Financial Group, Inc.,Providence, Rhode Island

President and Chief Executive Officer, 2005First and Ocean National Bank,Newburyport, Massachusetts

Past President, Bose Corporation, Bolton, Massachusetts 2003Chairman and Chief Executive Officer, 2004

The Kraft Group, Foxborough, MassachusettsChairman, Bain & Company, Inc., 2005

Boston, Massachusetts

Vice President, AFL-CIO, Washington, D.C. 2003Professor of Medicine and Professor of Health Care 2004

Policy—Harvard Medical School, MassachusettsGeneral Hospital, Boston, Massachusetts

President and Chief Executive Officer, Nellie Mae 2005Education Foundation, Quincy, Massachusetts

DISTRICT 2—NEW YORK

Chairman, Citigroup Inc., New York, New York 2003Chairman and Chief Executive Officer, The Depository 2004

Trust Company, New York, New YorkPresident, Chief Executive Officer, and Chairman, 2005

The Adirondack Trust Company,Saratoga Springs, New York

President and Chief Executive Officer, Tishman 2003Speyer Properties, New York, New York

Chairman, Phipps Houses, New York, New York 2004Professor of Sociology and Public Affairs, Princeton 2005

University, Princeton, New Jersey

President, New York University, New York, New York 2003Chairman, The Blackstone Group, New York, New York 2004Partner, Hogan & Hartson LLP, New York, New York 2005


2003




BUFFALO BRANCH

Appointed by theFederal Reserve Bank

Peter G. Humphrey

Maureen Torrey Marshall ..Emerson L. Brumback

Geraldine C. Ochocinska ...


{Catherine E. KeoughMarguerite D. Hambleton ..

Brian J. Lipke

RESERVE BANK

Class ARobert J. Vanderslice

Walter E. Daller, Jr

Kenneth R. Shoemaker

Class BGarry L. Maddox

P. Coleman Townsend, Jr. ..

Robert E. Chappell

Class CGlenn A. Schaeffer

Doris M. Damm

Ronald J. Naples


Chairman, President, and Chief Executive Officer, 2003Financial Institutions, Inc., Warsaw, New York

Co-Owner, Torrey Farms, Inc., Elba, New York 2003President and Chief Operating Officer, Manufacturers 2004

and Traders Trust Company, Buffalo, New YorkRegional Director, Region 9, UAW, Buffalo, New York 2005

President, St. John Fisher College, Rochester, New York 2003President and Chief Executive Officer, AAA Western 2004

and Central New York, Buffalo, New YorkChairman and Chief Executive Officer, Gibraltar, 2005

Buffalo, New York


President and Chief Operating Officer, Pennsville 2003National Bank, Pennsville, New Jersey

Chairman, President, and Chief Executive Officer, 2004Harleysville National Corporation,Harleysville, Pennsylvania

President and Chief Executive Officer, Orrstown Bank, 2005Shippensburg, Pennsylvania

Chief Executive Officer, A. Pomerantz & Company, 2003Philadelphia, Pennsylvania

Chairman and Chief Executive Officer, Townsends, Inc., 2004Wilmington, Delaware

Chairman and Chief Executive Officer, Penn Mutual 2005Life Insurance Co., Horsham, Pennsylvania

President Emeritus, Pennsylvania Building and 2003Construction Trades Council, Harrisburg, Pennsylvania

President and Chief Executive Officer, ACCU Staffing 2004Services, Cherry Hill, New Jersey

Chairman and Chief Executive Officer, Quaker 2005Chemical Corporation, Conshohocken, Pennsylvania


2003


BANK or BRANCH, Category

Name

RESERVE BANK

Class AStephen P. Wilson

John R. Cochran

Bick Weissenrieder

Class BCheryl L. Krueger ,

Wayne R. Embry

Tanny Crane

Class CRobert W. Mahoney

Charles E. Bunch

Phillip R. Cox

CINCINNATI BRANCHAppointed by theFederal Reserve Bank

Charlotte W. Martin

James H. BoothGlenn D. LeveridgeV. Daniel Radford


Charles Whitehead

Herbert R. Brown

Dennis C. Cuneo

PITTSBURGH BRANCHAppointed by theFederal Reserve Bank

Kristine N. Molnar

Michael J. Hagan





Chairman of the Board and Chief Executive Officer,Hocking Valley Bank, Athens, Ohio

President and Chief Executive Officer, Cheryl&Co.,Westerville, Ohio


President and Chief Executive Officer,Crane Plastics Company, LP, Columbus, Ohio

Retired Chairman and Chief Executive Officer,Diebold, Incorporated, Uniontown, Ohio



President and Chief Executive Officer,Great Lakes Bankers Bank, Gahanna, Ohio

President, Czar Coal Corporation, Lovely, KentuckyPresident, Bank One, NA, Lexington, KentuckyExecutive Secretary-Treasurer, Cincinnati AFL-CIO

Labor Council, Cincinnati, Ohio

Retired President, Ashland Inc. Foundation,Covington, Kentucky

Senior Vice President, The Western and Southern LifeInsurance Company, Cincinnati, Ohio

Senior Vice President, Toyota Motor ManufacturingNorth America Inc., Erlanger, Kentucky

President and Chief Executive Officer,WesBanco Bank, Inc., Wheeling, West Virginia


2003

2004

2005

2003

2004

2005

2003

2004

2005

2003

200420052005

2003

2004

2005

2003

2004


2003




Ronnie L. Bryant

Georgiana N. Riley


James I. Mitnick

Robert O. Agbede

Roy W. Haley

RESERVE BANK

Class AWilliam W. Duncan, Jr.

Eddie Canterbury

Barry J. Fitzpatrick

Class BJames E. Haden

Joe EdensW Henry Harmon

Class CWesley S. Williams, Jr.Theresa M. Stone

Thomas J. Mackell, Jr.

BALTIMORE BRANCH


William L. Jews

Kenneth C. Lundeen



President and Chief Operating Officer, 2005Pittsburgh Regional Alliance, Pittsburgh, Pennsylvania

President and Chief Executive Officer, 2005TIGG Corporation, Bridgeville, Pennsylvania

Senior Vice President, Turner Construction Company, 2003Pittsburgh, Pennsylvania

President and Chief Executive Officer, 2004Advanced Technology Systems, Inc.,Pittsburgh, Pennsylvania

Chairman and Chief Executive Officer, WESCO 2005International, Inc., Pittsburgh, Pennsylvania


President and Chief Executive Officer, 2003St. Michaels Bank, St. Michaels, Maryland

President/CEO, Logan Bank & Trust Company, 2004Logan, West Virginia

Chairman, Chief Executive Officer, and President, 2005Branch Banking & Trust Co. of Virginia,Falls Church, Virginia

President and Chief Executive Officer, 2003Martha Jefferson Hospital, Charlottesville, Virginia

Chairman, Edens & Avant, Columbia, South Carolina 2004President and Chief Executive Officer, Columbia 2005

Natural Resources, LLC, Charleston, West Virginia

Partner, Covington & Burling, Washington, D.C. 2003Chief Financial Officer, Jefferson-Pilot Corporation, 2004

and President, Jefferson-Pilot CommunicationsCompany, Greensboro, North Carolina

President and Chief Operating Officer, 2005The Kamber Group, Washington, D.C.

President and Chief Executive Officer, 2003CareFirst BlueCross BlueShield,Owings Mills, Maryland

President, C. J. Langenfelder & Son, Inc., 2003Baltimore, Maryland

President and Chief Executive Officer, 2004SunTrust Bank, Maryland, Baltimore, Maryland


2003



Dyan Brasington


William C. Handorf

Owen E. Herrnstadt

Cynthia Collins Allner

CHARLOTTE BRANCH


Elleveen T. Poston

Cecil W. Sewell, Jr

William H. Nock

Lucy J. Reuben


Jim Lowry

James F. Goodmon

Michael A. Almond

RESERVE BANK

Class AWilliam G. Smith, Jr

James F. Beall

Richard G. Hickson

Class BJohn Dane III

Titifi me

President, Technology Council of Maryland,Rockville, Maryland

Professor of Finance, School of Business and PublicManagement, George Washington University,Washington, D.C.

Director, International Department, InternationalAssociation of Machinists and Aerospace Workers,AFL-CIO, Upper Marlboro, Maryland

Principal, Miles & Stockbridge, PC,Baltimore, Maryland

President, Quality Transport, Inc.,Lake City, South Carolina

Chairman Emeritus, RBC Centura Banks, Inc.,Rocky Mount, North Carolina

President and Chief Executive Officer,Sumter National Bank, Sumter, South Carolina

Provost and Vice Chancellor for Academic Affairs,North Carolina Central University,Durham, North Carolina

Dealer Operator, Crown Automotive,High Point, North Carolina

President and Chief Executive Officer,Capitol Broadcasting Company, Inc.,Raleigh, North Carolina

President and Chief Executive Officer,Charlotte Regional Partnership,Charlotte, North Carolina

Term expiresDec. 31

2005

2003

2004

2005

2003

2003

2004

2005

2003

2004

2005


President and Chief Executive Officer,Capital City Bank Group, Inc., Tallahassee, Florida

Chairman, President, and Chief Executive Officer,Farmers & Merchants Bank, Centre, Alabama

Chairman and Chief Executive Officer,Trustmark Corporation, Jackson, Mississippi

President and Chief Executive Officer,Trinity Yachts LLC, New Orleans, Louisiana

2003

2004

2005

2003


2003




Name

Suzanne E. Boas

Egbert L. J. Perry

Class CPaulaLovell

David M. Ratcliffe

V. Larkin Martin

BIRMINGHAM BRANCH


Hundley Batts, Sr.

James A. Vickery

John B. Barnett III

John H. Holcomb III


W. Miller Welborn


James H. Sanford

JACKSONVILLE BRANCH


Robert L. Fisher

Michael W. Poole

Harvey R. Heller

Jerry M. Smith


William E. Flaherty

Julie K. Hilton

Fassil Gabremariam

Titip

President, Consumer Credit Counseling Service ofGreater Atlanta, Inc., Atlanta, Georgia


President, Lovell Communications, Inc.,Nashville, Tennessee

President and Chief Executive Officer,Georgia Power Company, Atlanta, Georgia

Managing Partner, Martin Farm, Courtland, Alabama

Owner and Managing General Agent,Hundley Batts & Associates, Huntsville, Alabama

International Representative, Laborers' InternationalUnion of North America, Rainbow City, Alabama

Chairman, The Monroe County Bank,Monroeville, Alabama

Chairman and Chief Executive Officer,Alabama National Bancorporation,Birmingham, Alabama

President, Welborn and Associates, Inc.,Lookout Mountain, Tennessee

President, Sloss Real Estate Group, Inc.,Birmingham, Alabama

Chairman of the Board, HOME Place Farms, Inc.,Prattville, Alabama

President and Chief Executive Officer,MacDill Federal Credit Union, Tampa, Florida

Principal, Poole Carbone Eckbert, Inc.,Winter Park, Florida

President, Heller Brothers Packing Corp.,Winter Garden, Florida

Chairman and President, First National Bank ofAlachua, Alachua, Florida

Retired Chairman, Blue Cross and Blue Shield ofFlorida, Inc., Jacksonville, Florida

Vice President and Co-Owner, Paradise FoundResorts & Hotels, Panama City Beach, Florida

President and Founder, U.S.-Africa Free EnterpriseEducation Foundation, Tampa, Florida

Term expiresDec. 31

2004

2005

2003

2004

2005

2003

2003

2004

2005

2003

2004

2005

2003

2003

2004

2005

2003

2004

2005


2003



MIAMI BRANCH


Miriam Lopez

Rudy E. Schupp

Francis V. Gudorf

Joseph C. Schwartzel


Brian E. Keeley

Rosa SugranesEdwin A. Jones, Jr

NASHVILLE BRANCH


James W. Spradley, Jr

VacancySam 0. Franklin III

Michael B. Swain


Whitney Johns Martin

F. Rodney Lawler


NEW ORLEANS BRANCH


Teri G. Fontenot

David Guidry

David E. Johnson

C. R. Cloutier

Title

President and Chief Executive Officer,TransAtlantic Bank, Miami, Florida

President and Chief Executive Officer,First United Bank, North Palm Beach, Florida

President and Executive Director, Jubilee CommunityDevelopment Corporation, Miami, Florida

President, Meridian Broadcasting, Inc.,Fort Myers, Florida

President and Chief Executive Officer,Baptist Health South Florida, Coral Gables, Florida

Chairman, Iberia Tiles Corp., Miami, FloridaPresident, Angus Investments, Inc., Belle Glade, Florida

President, Standard Candy Company, Inc.,Nashville, Tennessee

Chairman, SunTrust Bank, Nashville,Nashville, Tennessee

President and Chief Executive Officer,First National Bank, Oneida, Tennessee

Chairman and Chief Executive Officer,Capital Across America, Nashville, Tennessee


President and Chief Executive Officer,Star Transportation, Inc., Nashville, Tennessee

President and Chief Executive Officer,Woman's Hospital, Baton Rouge, Louisiana

President and Chief Executive Officer,Guico Machine Works, Inc., Harvey, Louisiana

Chairman and Chief Executive Officer,The First Bancshares, Inc., and the First NationalBank of South Mississippi, Hattiesburg, Mississippi

President and Chief Executive Officer,MidSouth Bank, Lafayette, Louisiana

Term expiresDec. 31

2003

2004

2005

2005

2003

20042005

2003

20032004

2005

2003

2004

2005

2003

2003

2004

2005


2003





Ben Tom Roberts

Dave Dennis

Earl L. Shipp

RESERVE BANK

Class ARobert R. Yohanan

Alan R. Tubbs

William A. Osborn

Class BJackB. Evans

James H. Keyes

Connie E. Evans

Class CW. James Farrell

Miles D. White

Robert J. Darnall

DETROIT BRANCH


David J. Wagner

Robert E. Churchill

Mark T. GaffneyTommi A. White



Irvin D. ReidEdsel B. Ford II

1111C

Senior Executive Vice President,Roberts Brothers, Inc., Realtors, Mobile, Alabama

President, Specialty Contractors & Assoc, Inc.,Gulfport, Mississippi

Vice President and Site Director,The Dow Chemical Company, Louisiana Operations,Plaquemine, Louisiana

Term expiresDec. 31

2003

2004

2005


Managing Director and Chief Executive Officer,First Bank & Trust, Evanston, Illinois

President, Maquoketa State Bank andOhnward Bancshares Inc., Maquoketa, Iowa

Chairman and Chief Executive Officer,Northern Trust Corporation and The Northern TrustCompany, Chicago, Illinois

President, The Hall-Perrine Foundation,Cedar Rapids, Iowa

Chairman of the Board and Chief Executive Officer,Johnson Controls, Inc., Milwaukee, Wisconsin

President and Chief Executive Officer,WSEP Ventures, Chicago, Illinois

Chairman and Chief Executive Officer,Illinois Tool Works Inc., Glenview, Illinois

Chairman and Chief Executive Officer,Abbott Laboratories, Abbott Park, Illinois

Retired Chairman and Chief Executive Officer,Inland Steel Industries, Inc., Chicago, Illinois

Retired Chairman, Fifth Third Bank,Grand Rapids, Michigan

Chairman and Chief Executive Officer,Citizens National Bank, Cheboygan, Michigan

President, Michigan AFL-CIO, Lansing, MichiganChief Operating Officer, Compuware Corporation,

Detroit, Michigan

President and Chief Executive Officer, Metaldyne,Plymouth, Michigan

President, Wayne State University, Detroit, MichiganDirector, Ford Motor Company, Dearborn, Michigan

2003

2004

2005

2003

2004

2005

2003

2004

2005

2003

2004

20052005

2003

20042005Digitized for FRASER

http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

2003



Name

RESERVE BANK

Class ABradley W. Small

Lewis F. Mallory, Jr

Lunsford W. Bridges

Class BRobert L. Johnson

Bert GreenwaltJ. Stephen Barger

Class CWalter L. Metcalfe, Jr.Charles W. Mueller

Gayle P. W. Jackson

LITTLE ROCK BRANCH


Raymond E. Skelton

Lawrence A. Davis, Jr

Everett Tucker III

David R. Estes


Scott T. Ford

Vick M. Crawley

A. Rogers Yarnell II

LOUISVILLE BRANCH


Frank J. Nichols

Titip1 l l lC

Term expiresDec. 31


President and Chief Executive Officer, The Farmers andMerchants National Bank, Nashville, Illinois

Chairman and Chief Executive Officer,National Bank of Commerce, Starkville, Mississippi

President and Chief Executive Officer,Metropolitan National Bank, Little Rock, Arkansas

Chairman and Chief Executive Officer,Johnson Bryce, Inc., Memphis, Tennessee

Partner, Greenwalt Company, Hazen, ArkansasExecutive Secretary-Treasurer, Kentucky State District

Council of Carpenters, Frankfort, Kentucky

Chairman, Bryan Cave LLP, St. Louis, MissouriChairman and Chief Executive Officer,

Ameren Corporation, St. Louis, MissouriManaging Director, FondElec Clean Energy Group, Inc.,

St. Louis, Missouri

Regional President, U.S. Bank,North Little Rock, Arkansas


Chairman, Moses Tucker Real Estate, Inc.,Little Rock, Arkansas


President and Chief Executive Officer,ALLTEL Corporation, Little Rock, Arkansas

Retired Plant Manager, Baxter Healthcare Corporation,Mountain Home, Arkansas

President, Yarnell Ice Cream Co., Inc., Searcy, Arkansas

Chairman, President, and Chief Executive Officer,Community Financial Services, Inc.,Benton, Kentucky

2003

2004

2005

2003

20042005

20032004

2005

2003

2004

2005

2005

2003

2004

2005

2003


2003




David H. Brooks

Thomas W. Smith

Marjorie Soyugenc


Norman E. Pfau, Jr

Cornelius A. Martin

Maria Gerwing Hampton ...

MEMPHIS BRANCH


E. C. Neelly III

Walter L. Morris, Jr

James A. England

Tom A. Wright


Russell GwatneyGregory M. Duckett

Meredith Baird Allen

RESERVE BANK

Class ADan M. Fisher

Kay ClevidenceRobert Dickson

Class BD. Greg Heineman

Jay F. Hoeschler

Title

Chairman and Chief Executive Officer,Stock Yards Bank & Trust Company,Louisville, Kentucky

President, Thomas W. Smith & Associates, Inc.,Danville, Kentucky


President and Chief Executive Officer, Geo. Pfau's SonsCompany, Inc., Jeffersonville, Indiana

President and Chief Executive Officer, MartinManagement Group, Bowling Green, Kentucky

President, The Housing Partnership, Inc.,Louisville, Kentucky

Management Consultant, First American National Bank,Iuka, Mississippi



Chairman and Chief Executive Officer,Enterprise National Bank, Memphis, Tennessee

President, Gwatney Companies, Memphis, TennesseeSenior Vice President and Corporate Counsel,


Vice President, Marketing, Staple Cotton CooperativeAssociation, Greenwood, Mississippi

Term expiresDec. 31

2004

2005

2005

2003

2004

2005

2003

2004

2005

2005

20032004

2005


Chief Information Officer, Community First Bankshares,Inc., Fargo, North Dakota

President, Farmers State Bank, Victor, MontanaChief Executive Officer, The First National Bank

of Fairfax, Fairfax, Minnesota


President, Hoeschler Corporation, La Crosse, Wisconsin

2003

20042005

2003

2004


2003



Name

Randy Peterson

Class CRonald N. Zwieg

Frank L. Sims

Linda Hall Whitman ..

HELENA BRANCH


Richard E. Hart

Joy N. Ott

Marilyn F. Wessel


Tom Markle

Dean Folkvord

RESERVE BANK

Class ABruce A. Schriefer

Jeffrey L. Gerhart

Rick L. Smalley

Class BHans C. Helmerich

Frank Moore

Dan L. Dillingham

Class CRobert A. Funk

Titipi me

General Manager, Precision Edge Surgical ProductsLLC, Sault Ste. Marie, Michigan

President, United Food & Commercial Workers,Local 653, Plymouth, Minnesota

Corporate Vice President, Transportation,Cargill, Inc./Lake Office, Wayzata, Minnesota

Chief Executive Officer, MinuteClinic,Minneapolis, Minnesota

President, Senior Lender, and Director,Mountain West Bank, Kalispell, Montana

Regional President and Chief Executive Officer,Wells Fargo Bank Montana, N.A., Billings, Montana

Former Dean and Director, Museum of the Rockies,Bozeman, Montana

President and Chief Executive Officer, Markle's Inc.,Glasgow, Montana

President and Chief Executive Officer,Wheat Montana Farms and Bakery,Three Forks, Montana

Term expiresDec. 31

2005

2003

2004

2005

2003

2004

2004

2003

2004


President, Bankers' Bank of Kansas, N.A.,Wichita, Kansas

President and Chief Executive Officer,First National Bank of Newman Grove,Newman Grove, Nebraska

Chief Executive Officer, Dickinson FinancialCorporation, Kansas City, Missouri

President and Chief Executive Officer,Helmerich & Payne, Inc., Tulsa, Oklahoma


Chief Executive Officer, Dillingham Insurance,Enid, Oklahoma

Chairman of the Board and Chief Executive Officer,Express Personnel Services International,Oklahoma City, Oklahoma

2003

2004

2005

2003

2004

2005

2003


2003




Richard H. Bard

Rhonda Holman

DENVER BRANCH


John W.Hay III

Kathryn A. Paul

Thomas Williams

Virginia K. Berkeley


Robert M. Murphy

James A. KingKathleen Avila

OKLAHOMA CITY BRANCHAppointed by theFederal Reserve Bank

Richard K. RatcliffeRobert R. Gilbert III


Tyree 0 . Minner


Patricia B. Fennell

VacancyClifford Hudson

OMAHA BRANCH


Frank L. Hayes

H. H. Kosman

Tit1<aline

Chairman and Chief Executive Officer,International Surface Preparation Corporation,Golden, Colorado

Interim Director, Entrepreneurial Growth ResourceCenter, University of Missouri-Kansas City,Kansas City, Missouri

President, Rock Springs National Bank,Rock Springs, Wyoming

President, Delta Dental Plan of Colorado,Denver, Colorado

President and Chief Executive Officer,Williams Group LLC, Golden, Colorado

President, Colorado Business Bank N.A.,Denver, Colorado

President, Sandia Properties Ltd., Co.,Albuquerque, New Mexico

Chief Executive Officer, BT, Inc., Riverton, WyomingManaging Member, Avila Retail Development &

Management, Albuquerque, New Mexico

Chairman, Ratcliffe's Inc., Weatherford, OklahomaPresident and Chief Operating Officer,

The F&M Bank & Trust Company, Tulsa, OklahomaPresident and Chief Executive Officer,

Citizens Bank & Trust Co., Okmulgee, OklahomaPlant Manager, General Motors,

Oklahoma City, Oklahoma

Executive Director, Latino Community DevelopmentAgency, Oklahoma City, Oklahoma

Chairman and Chief Executive Officer, Sonic Corp.,Oklahoma City, Oklahoma

President, Hayes & Associates, LLC, CPAs,Omaha, Nebraska

Chairman, President, and Chief Executive Officer,Platte Valley National Bank, Scottsbluff, Nebraska

Term expiresDec. 31

2004

2005

2003

2003

2004

2005

2003

20042005

20032004

2004

2005

2003

20042005

2003

2003


2003



Name

Cynthia Hardin Milligan ...

Judith A. Owen


A. F. Raimondo

VacancyJames A. Timmerman

RESERVE BANK

Class AMatthew T. Doyle

David S. Barnard

Richard W. Evans, Jr.

Class BJudy Ley AllenJulie Spicer EnglandMalcolm Gillis

Class CVacancyRay L. Hunt

Patricia M. Patterson

EL PASO BRANCH


Gerald J. Rubin

F. James VolkPete Cook

Fred Loya


Gail Darling

Titlf1111C

Dean, College of Business Administration,University of Nebraska-Lincoln,Lincoln, Nebraska

President and Chief Executive Officer,Wells Fargo Bank Nebraska, N.A., Omaha, Nebraska


Chief Financial Officer and Secretary/Treasurer,Timmerman & Sons Feeding Co.,Springfield, Nebraska

Term expiresDec. 31

2004

2005

2003

20042005



Chairman and Chief Executive Officer,National Bank, Gatesville, Texas

Chairman and Chief Executive Officer,Cullen/Frost Bankers, Inc., San Antonio, Texas

Owner, Allen Investments, Houston, TexasVice President, Texas Instruments, Dallas, TexasPresident, Rice University, Houston, Texas

Chairman, President, and Chief Executive Officer,Hunt Consolidated, Inc., Dallas, Texas

President, Patterson Investments, Inc., Dallas, Texas

President and Chief Executive Officer,Helen of Troy Limited, El Paso, Texas

Regional President, State National Bank, El Paso, TexasChief Executive Officer, First National Bank

of Alamogordo, Alamogordo, New MexicoChairman, Fred Loya Insurance, El Paso, Texas

President, Gail Darling Staffing, El Paso, Texas

2003

2004

2005

200320042005

20032004

2005

2003

20042005

2005

2003


2003




Name

Cecilia 0 . LevineRon C. Helm

HOUSTON BRANCH


Alan R. Buckwalter III

Richard W. Weekley

Priscilla D. SladeS. Reed Morian


Anthony R. Chase

James T. Hackett

Lupe Fraga

SAN ANTONIO BRANCH


Arthur R. Emerson

R. Tom Roddy

Matt F. Gorges



Marvin L. Ragsdale

Ron R. Harris

Elizabeth Chu Richter

RESERVE BANK

Class ARichard C. Hartnack

Richard W. Decker, Jr

Candace H. Wiest

Titipi me

President, MFI International Mfg., LLC, El Paso, TexasOwner, Helm Cattle and Land Company,

Van Horn, Texas

Retired Chairman and Chief Executive Officer,Chase Bank of Texas, Houston, Texas


President, Texas Southern University, Houston, TexasChairman and President, DX Service Company, Inc.,

Houston, Texas

Chairman and Chief Executive Officer,ChaseCom, LP, Houston, Texas

President and Chief Executive Officer,Anadarko Petroleum Corporation, Houston, Texas

President and Chief Executive Officer,Tejas Office Products, Inc., Houston, Texas

Chairman and Chief Executive Officer,Groves Rojas Emerson, San Antonio, Texas

Chairman, Lone Star Capital Bank, N.A.,San Antonio, Texas

Chairman and Chief Executive Officer,Valley International Cold Storage, Harlingen, Texas



General Partner, Southwest Capital Partners,Austin, Texas

Chairman and Chief Executive Officer,Richter Architects, Corpus Christi, Texas

Term expiresDec. 31

20042005

2003

2004

20052005

2003

2004

2005

2003

2004

2005

2005

2003

2004

2005


Vice Chairman, Union Bank of California, N.A.,Los Angeles, California

Chairman and Co-Founder, Belvedere CapitalPartners LLC, San Francisco, California

President, Inland Empire National Bank,Riverside, California

2003

2004

2005


2003



Name

Class BBarbara L. Wilson

Jack McNallyDavid K. Y. Tang

Class CJay T. Harris

Sheila D. Harris

George M. Scalise

Los ANGELES BRANCH


Linda Griego

D. Linn Wiley

Russell Goldsmith

Peter M. Thomas


Lonnie KaneWilliam D. Jones

Diane Donoghue

PORTLAND BRANCH


VacancyGeorge J. PassadoreJudi Johansen

William D. Thorndike, Jr. ..


Patrick BorundaKarla S. Chambers

Peter 0. Kohler

Title

Consultant and Regional Vice President (Retired),Qwest Corporation, Boise, Idaho

Principal, JKM Consulting, Sacramento, CaliforniaPartner, Preston Gates & Ellis LLP, Seattle, Washington

Wallis Annenberg Chair in Journalism andCommunication, Annenberg School forCommunication, University of Southern California,Los Angeles, California



Managing Partner, Engine Co. No. 28,Los Angeles, California

President and Chief Executive Officer,Citizens Business Bank, Ontario, California

Chairman and Chief Executive Officer,City National Bank, Beverly Hills, California

Managing Partner, Thomas & Mack Co.,Las Vegas, Nevada

President, Karen Kane, Inc., Los Angeles, CaliforniaChairman, President, and Chief Executive Officer,


Executive Director, Esperanza Community HousingCorporation, Los Angeles, California

Chairman, Oregon Wells Fargo Bank, Portland, OregonPresident and Chief Executive Officer, PacifiCorp,

Portland, OregonPresident, Medford Fabrication, Medford, Oregon

Principal, The Navigator Group, Vancouver, WashingtonVice President and Co-Owner, Stahlbush Island Farms,

Inc., Corvallis, OregonPresident, Oregon Health & Science University,

Portland, Oregon

Term expiresDec. 31

2003

20042005

2003

2004

2005

2003

2003

2004

2005

20032004

2005

200320042005

2005

20032004

2005


2003




Name



VacancyCurtis H. Harris

A. Scott Anderson

Deborah Bayle Nielsen


William C. GlynnGary L. Crocker

H. Roger Boyer

SEATTLE BRANCH


Betsy Lawer

Peter H. van Oppen

Mary E. Pugh

Kenneth M. Kirkpatrick


David W. Wyckoff

Mic R. Dinsmore

James R. Gill

Titip


President and Chief Executive Officer,Zions First National Bank, Salt Lake City, Utah

President and Chief Executive Officer,United Way of Salt Lake, Salt Lake City, Utah

President, Intermountain Industries, Inc., Boise, IdahoPresident, Crocker Ventures, Inc.,

Salt Lake City, UtahChairman, The Boyer Company, Salt Lake City, Utah

Vice Chair and Chief Operating Officer,First National Bank Alaska, Anchorage, Alaska

Chairman and Chief Executive Officer, AdvancedDigital Information Corp., Redmond, Washington


President, Washington Commercial Banking,U.S. Bank, Seattle, Washington

Chairman and Chief Executive Officer,Wyckoff Farms, Inc., Grand view, Washington


President, Pacific Northwest Title Holding Co.,Seattle, Washington

Term expiresDec. 31

20032004

2005

2005

20032004

2005

2003

2004

2005

2005

2003

2004

2005


2003


Members of the Board of Governors, 1913—2003

Appointed Members

NameFederal Reserve Date initially took

District oath of office Other dates'

Charles S. Hamlin





J.J. ThomasMarriner S. Eccies



A.L. Mills, Jr.

J.L. Robertson


Boston








San Francisco

Kansas City


Aug. 10, 1914

Aug. 10, 1914Aug. 10, 1914Aug. 10, 1914Aug. 10, 1914

Oct. 26, 1918Nov. 10, 1919June 8, 1920



June 14, 1933Nov. 15, 1934

Feb. 3, 1936Feb. 3,1936Feb. 3, 1936Feb. 10, 1936June 25, 1936


Feb. 18, 1952

Feb. 18, 1952

Aug. 12, 1954Aug. 13, 1954






1936.3













2003



Name Federal Reserve Date initially tookDistrict oath of office Other datesx


George W. Mitchell

J. Dewey DaaneSherman J. MaiselAndrew F. BrimmerWilliam W. Sherrill

Arthur F. Burns

John E. SheehanJeffrey M. BucherRobert C. HollandHenry C. WallichPhilip E. ColdwellPhilip C. Jackson, Jr.J. Charles ParteeStephen S. GardnerDavid M. LillyG. William MillerNancy H. TeetersEmmett J. RiceFrederick H. SchultzPaul A. VolckerLyle E. GramleyPreston MartinMartha R. SegerWayne D. AngellManuel H. JohnsonH. Robert HellerEdward W. Kelley, Jr.Alan GreenspanJohn P. LaWareDavid W. Mullins, Jr.Lawrence B. LindseySusan M. PhillipsAlan S. BlinderJanet L. YellenLaurence H. MeyerAlice M. RivlinRoger W. Ferguson, Jr.Edward M. GramlichSusan S. BiesMark W. OlsonBen S. BernankeDonald L. Kohn

DallasAtlanta

Chicago


New York


Mar. 17, 1955Mar. 25, 1959

Aug. 31, 1961

Nov. 29, 1963Apr. 30, 1965Mar. 9, 1966May 1, 1967

Jan. 31, 1970

Jan. 4, 1972June 5, 1972June 11, 1973Mar. 8, 1974Oct. 29, 1974July 14, 1975Jan. 5, 1976Feb. 13, 1976June 1, 1976Mar. 8, 1978Sept. 18, 1978June 20, 1979July 27, 1979Aug. 6, 1979May 28, 1980Mar. 31, 1982July 2, 1984Feb.7,1986Feb. 7, 1986Aug. 19, 1986May 26, 1987Aug. 11, 1987Aug. 15, 1988May 21, 1990Nov. 26, 1991Dec. 2, 1991June 27, 1994Aug. 12, 1994June 24, 1996June 25, 1996Nov. 5, 1997Nov. 5, 1997Dec. 7, 2001Dec. 7, 2001Aug. 5, 2002Aug. 5, 2002

Retired Apr. 30, 1967.Reappointed in 1960. Resigned Sept. 18,


Feb. 13, 1976.2




Mar. 31, 1978.Resigned June 1, 1975.Resigned Jan. 2, 1976.Resigned May 15, 1976.Resigned Dec. 15, 1986.Served through Feb. 29, 1980.Resigned Nov. 17, 1978.Served until Feb. 7, 1986.2

Died Nov. 19, 1978.Resigned Feb. 24, 1978.Resigned Aug. 6, 1979.Served through June 27, 1984.Resigned Dec. 31, 1986.Served through Feb. 11, 1982.Resigned August 11, 1987.Resigned Sept. 1, 1985.Resigned April 30, 1986.Resigned March 11, 1991.Served through Feb. 9, 1994.Resigned August 3, 1990.Resigned July 31, 1989.Resigned Dec. 31,2001.Reappointed in 1992.Resigned April 30, 1995.Resigned Feb. 14, 1994.Resigned Feb. 5, 1997.Served through June 30, 1998.Term expired Jan. 31, 1996.Resigned Feb. 17, 1997.Term expired Jan. 31, 2002.Resigned July 16, 1999.Reappointed in 2001.

Reappointed in 2003.


2003



Name Term

Chairmen 3

Charles S. HamlinW.P.G. HardingDaniel R. CrissingerRoy A. YoungEugene MeyerEugene R. BlackMarriner S. EcclesThomas B. McCabeWm. McC. Martin, Jr.Arthur F. BurnsG. William MillerPaul A. VolckerAlan Greenspan

Vice Chairmen2"Frederic A. DelanoPaul M. WarburgAlbert StraussEdmund PlattJJ. ThomasRonald RansomC. Canby BalderstonJ.L. RobertsonGeorge W. MitchellStephen S. GardnerFrederick H. SchultzPreston MartinManuel H. JohnsonDavid W. Mullins, Jr.Alan S. BlinderAlice M. RivlinRoger W. Ferguson, Jr.

Aug. 10, 1914-Aug. 9, 1916Aug. 10, 1916-Aug. 9, 1922May 1, 1923-Sept. 15, 1927Oct. 4, 1927-Aug. 31, 1930Sept. 16, 1930-May 10, 1933May 19, 1933-Aug. 15, 1934Nov. 15, 1934-Jan. 31, 19484

Apr. 15, 1948-Mar. 31, 1951Apr. 2, 1951-Jan. 31, 1970Feb. 1, 1970-Jan. 31, 1978Mar. 8, 1978-Aug. 6, 1979Aug. 6, 1979-Aug. 11, 1987Aug. 11, 1987-5

Aug. 10, 1914-Aug. 9, 1916Aug. 10, 1916-Aug. 9, 1918Oct. 26, 1918-Mar. 15, 1920July 23, 1920-Sept. 14, 1930Aug. 21, 1934-Feb. 10, 1936Aug. 6, 1936-Dec. 2, 1947Mar. 11, 1955-Feb. 28, 1966Mar. 1, 1966-Apr. 30, 1973May 1, 1973-Feb. 13, 1976Feb. 13, 1976-Nov. 19, 1978July 27, 1979-Feb. 11, 1982Mar. 31, 1982-Apr. 30, 1986Aug. 4, 1986-Aug. 3, 1990July 24, 1991-Feb. 14, 1994June 27, 1994-Jan. 31,1996June 25, 1996-July 16, 1999Oct. 5, 1999-

NOTE. Under the original Federal Reserve Act, theFederal Reserve Board was composed of five appointedmembers, the Secretary of the Treasury (ex-officio chair-man of the Board), and the Comptroller of the Currency.The original term of office was ten years; the five originalappointed members had terms of two, four, six, eight, andten years. In 1922 the number of appointed members wasincreased to six, and in 1933 the term of office was raisedto twelve years. The Banking Act of 1935 changed thename to the Board of Governors of the Federal ReserveSystem and provided that the Board be composed ofseven appointed members; that the Secretary of the Trea-sury and the Comptroller of the Currency continue toserve until Feb. 1, 1936; that the appointed members in






1996, to June 20, 1996.


2003


Ex-Offido Members

Name Term

Secretaries of the TreasuryW.G. McAdooCarter GlassDavid F. HoustonAndrew W. MellonOgden L. MillsWilliam H. WoodinHenry Morgenthau, Jr.

Comptrollers of the CurrencyJohn Skelton WilliamsDaniel R. CrissingerHenry M. DawesJoseph W. MclntoshJ.W. PoleJ.F.T. O'Connor

Dec. 23, 1913-Dec. 15, 1918Dec. 16, 1918-Feb. 1, 1920Feb. 2, 1920-Mar. 3, 1921Mar. 4, 1921-Feb. 12, 1932Feb. 12, 1932-Mar. 4, 1933Mar. 4, 1933-Dec. 31, 1933Jan. 1, 1934-Feb. 1, 1936

Feb. 2, 1914-Mar. 2, 1921Mar. 17, 1921-Apr. 30, 1923May 1, 1923-Dec. 17, 1924Dec. 20, 1924-Nov. 20, 1928Nov.21, 1928-Sept.2O, 1932May l l , 1933-Feb. 1,1936


2003

242 91st Annual Report, 2004


Officers

BANK or Branch

BOSTON2

NEW YORK2

Buffalo

PHILADELPHIA

CLEVELAND2*


RICHMOND2

BaltimoreCharlotte

ATLANTA


CHICAGO2

Detroit

ST. LOUIS


MINNEAPOLIS

Helena

Chairman1

Deputy Chairman

Samuel 0. ThierBlenda J. Wilson

John E. SextonJerry I. Speyer

Marguerite D.Hambleton

Ronald J. NaplesDoris M. Damm

Robert W. MahoneyCharles E. Bunch

Dennis C. CuneoRoy W. Haley

Wesley S. Williams, Jr.Thomas J.

Mackell, Jr.Owen E. HerrnstadtMichael A. Almond

David M. RatcliffeV. Larkin Martin

Catherine CrenshawJulie HiltonRosa SugranesRodney LawlerDave Dennis

W James FarreUMiles D. White

Edsel B. Ford II

Walter L. Metcalfe, Jr.Gayle P. W. Jackson

Scott T. FordCornelius A. MartinMeredith B. Allen

Linda Hall WhitmanFrank L. Sims

Dean Folkvord



Timothy F. GeithnerChristine M.

Cumming


Sandra PianaltoRobert Christy Moore

Jeffrey M. LackerWalter A. Varvel



Werkema




Barbara L.Walter3


David Beck4

Jeffreys. Kane3

James M.McKee3

Lee C. JonesChristopher L. OakleyJuan del BustoMelvyn K. Purcell3

Robert J. Musso3

Glenn Hansen3

Robert A. Hopkins5

Thomas A. Boone5

Martha Perine Beard5

Samuel H. Gane


2004


Officers—Continued

BANK or Branch Chairman1 President Vice PresidentDeputy Chairman First Vice President in charge of Branch

KANSAS CITY


DALLAS


SAN FRANCISCO

Los AngelesPortland


Richard H. BardRobert A. Funk

Thomas WilliamsTyree O. MinnerA.F. Raimondo

Ray L. HuntPatricia M.

PattersonRon C. HelmLupe FragaRon R. Harris

George M. ScaliseSheila D. Harris

William D. JonesKarla S. Chambers

H. Roger BoyerMic R. Dinsmore


Helen E. Holcomb6

Janet L. YellenJohn F. Moore

Pamela L. WeinsteinDwayne E. BoggsKevin A. Drusch

Robert W Gilmer4

Robert Smith IIPD.Karen Diaz8

MarkL. Mullinix7


Andrea P. WolcottMark Gould3

NOTE. A current list of these officers appears eachquarter in the Federal Reserve Bulletin.

1. The chairman of a Federal Reserve Bank serves, bystatute, as Federal Reserve agent.

2. Additional offices of these Banks are located atWindsor Locks, Connecticut; Utica at Oriskany, NewYork; East Rutherford, New Jersey, Columbus, Ohio;Des Moines, Iowa; Midway at Bedford Park, Illinois, andPhoenix, Arizona.

3. Senior vice president.4. Acting vice president.5. Senior branch executive.6. Served as acting president as of November 5, 2004,

following the resignation of President Robert D.McTeer, Jr.

7. Executive vice president.8. Acting assistant vice president.

Conference of ChairmenThe chairmen of the Federal Reserve Banksare organized into the Conference of Chair-men, which meets to consider matters ofcommon interest and to consult with andadvise the Board of Governors. Such meet-ings, attended also by the deputy chairmen,were held in Washington on June 2 and 3,and on December 1 and 2, 2004.

The members of the executive com-mittee of the Conference of Chairmen dur-ing 2004 were Wesley S. Williams, Jr., chair;George M. Scalise, vice chair; and Walter L.Metcalfe, Jr., member.

On December 2, 2004, the conferenceelected its executive committee for 2005,naming George M. Scalise as chair;Walter L. Metcalfe, Jr., as vice chair; andJohn E. Sexton as the third member.

Conference of PresidentsThe presidents of the Federal ReserveBanks are organized into the Conferenceof Presidents, which meets periodically toconsider matters of common interest andto consult with and advise the Board ofGovernors.

Michael H. Moskow, president of theFederal Reserve Bank of Chicago, servedas chair of the conference in 2004, andCathy E. Minehan, president of the FederalReserve Bank of Boston, served as its vicechair. Valerie J. Van Meter, of the FederalReserve Bank of Chicago, served as its sec-retary, and Michael P. Malone, of the FederalReserve Bank of Boston, served as its assis-tant secretary.

On October 27, 2004, the conferenceelected Cathy E. Minehan as its chair for


2004


2005-06 and Anthony M. Santomero, presi-dent of the Federal Reserve Bank of Phila-delphia, as its vice chair.


Walter A. Varvel, first vice president ofthe Federal Reserve Bank of Richmond,served as chair of the conference in 2004,and Helen E. Holcomb, first vice presidentof the Federal Reserve Bank of Dallas,served as its vice chair. Janice E. Clatter-buck, of the Federal Reserve Bank of Rich-mond, served as its secretary, and Harvey R.Mitchell, of the Federal Reserve Bank ofDallas, served as its assistant secretary.

DirectorsEach Federal Reserve Bank has a nine-member board: three Class A and threeClass B directors, who are elected by thestockholding member banks, and threeClass C directors, who are appointed by theBoard of Governors of the Federal ReserveSystem.

Class A directors represent the stockhold-ing member banks in each Federal ReserveDistrict. Class B and Class C directors repre-sent the public and are chosen with due, but

not exclusive, consideration to the interestsof agriculture, commerce, industry, services,labor, and consumers; they may not be offi-cers, directors, or employees of any bank orbank holding company. In addition, Class Cdirectors may not be stockholders of anybank or bank holding company.

For the election of Class A and Class Bdirectors, the member banks of each Fed-eral Reserve District are classified intothree groups. Each group, which comprisesbanks with similar capitalization, elects oneClass A director and one Class B director.Annually, the Board of Governors designatesone of the Class C directors as chair ofthe board and Federal Reserve agent ofeach District Bank, and it designates anotherClass C director as deputy chair.

Federal Reserve Branches have either fiveor seven directors, a majority of whom areappointed by the parent Federal ReserveBank; the others are appointed by the Boardof Governors. One of the directors appointedby the Board is designated annually as chairof the board of that Branch in a mannerprescribed by the parent Federal ReserveBank.

The chairs and deputy chairs of theReserve Bank boards of directors, and thechairs of the Branches, are listed in the pre-ceding table, titled "Officers." The directorsof the Banks and Branches are listed in thefollowing table. For each director, the classof directorship, the director's principal orga-nizational affiliation, and the date the direc-tor's term expires is shown.


2004


Directors


RESERVE BANKClass A

Lawrence K. Fish

James R. Wood

Peter A. Blyberg

Class BRobert K. Kraft

Orit GadieshKirkRPond

Class CSamuel O. Thier

Blenda J. Wilson

Lisa M. Lynch

RESERVE BANKClass A

Jill M. Considine

Charles V. Wait

Sanford I. Weill

Class BRonay MenschelMarta Tienda

Denis M. Hughes

Class CJohn E. SextonLoretta E. LynchJerry I. Speyer


DISTRICT 1—BOSTON

Chairman, President, and Chief Executive Officer, 2004Citizens Financial Group, Inc.,Providence, Rhode Island

President, First National Bank of Suffield, 2005Suffield, Connecticut

President and Chief Executive Officer, 2006Union Trust Company, Ellsworth, Maine

Chairman and Chief Executive Officer, 2004The Kraft Group, Foxborough, Massachusetts

Chairman, Bain & Company, Inc., Boston, Massachusetts 2005President, Chief Executive Officer, and Chairman, 2006

Fairchild Semiconductor International,South Portland, Maine

Professor of Medicine and Health Care Policy, 2004Harvard Medical School, MassachusettsGeneral Hospital, Boston, Massachusetts

President and Chief Executive Officer, Nellie Mae 2005Education Foundation, Quincy, Massachusetts

William L. Clayton Professor of International Affairs, 2006The Fletcher School of Law and Diplomacy,Medford, Massachusetts

DISTRICT 2—NEW YORK

Chairman and Chief Executive Officer, The Depository 2004Trust Company, New York, New York

President, Chief Executive Officer, and Chairman, 2005The Adirondack Trust Company,Saratoga Springs, New York

Chairman, Citigroup Inc., New York, New York 2006

Chairman, Phipps Houses, New York, New York 2004Maurice P. During Professor of Demographic Studies, 2005

Princeton University, Princeton, New JerseyPresident, New York State AFL-CIO, 2006

New York, New York

President, New York University, New York, New York 2004Partner, Hogan & Hartson LLC, New York, New York 2005President and Chief Executive Officer, Tishman Speyer 2006

Properties, New York, New York


2004




BUFFALO BRANCHAppointed by theFederal Reserve Bank

Emerson L. Brumback

Geraldine C. Ochocinska ...Maureen Torrey Marshall ..Peter G. Humphrey


Marguerite D. Hambleton ..

Brian J. Lipke

Alphonso O'Neil-White . . . .

RESERVE B A N KClass A

Walter E.Daller, Jr.

Kenneth R. Shoemaker

Eugene W. Rogers

Class BP. Coleman Townsend, Jr. ..

Robert E. Chappell

Garry L. Maddox

Class CDoris M. Damm

Ronald J. Naples

William F. Hecht


President and Chief Operating Officer, Manufacturers 2004and Traders Trust Company, Buffalo, New York

Regional Director, Region 9, UAW, Amherst, New York 2005Vice President, Torrey Farms, Inc., Elba, New York 2006Chairman, President, and Chief Executive Officer, 2006

Financial Institutions, Inc., Warsaw, New York

President and Chief Executive Officer, AAA Western 2004and Central New York, Williamsville, New York

Chairman and Chief Executive Officer, Gibraltar, 2005Buffalo, New York

President and Chief Executive Officer, HealthNow 2006New York, Inc., Buffalo, New York


Chairman, President, and Chief Executive Officer, 2004Harleysville National Corporation,Harleysville, Pennsylvania

President and Chief Executive Officer, Orrstown Bank, 2005Shippensburg, Pennsylvania

Chief Executive Officer, Newfield National Bank, 2006Newfield, New Jersey

Chairman and Chief Executive Officer, Townsends, Inc., 2004Wilmington, Delaware

Chairman and Chief Executive Officer, Penn Mutual 2005Life Insurance Co., Horsham, Pennsylvania

President and Chief Executive Officer, 2006A. Pomerantz & Company,Philadelphia, Pennsylvania

President and Chief Executive Officer, ACCU Staffing 2004Services, Cherry Hill, New Jersey

Chairman and Chief Executive Officer, Quaker 2005Chemical Corporation, Conshohocken, Pennsylvania

Chairman, President, and Chief Executive Officer, 2006PPL Corporation, Allentown, Pennsylvania


2004



RESERVE BANK

Class AJohn R. Cochran

Bick Weissenrieder

Stephen P. Wilson

Class BWayne R. Embry

Tanny Crane

V. Ann Hailey

Class CCharles E. Bunch

Phillip R. Cox

Robert W. Mahoney

CINCINNATI BRANCH


James H. BoothV. Daniel Radford

Glenn D. LeveridgeCharlotte W. Martin


Herbert R. Brown

Dennis C. Cuneo

Charles Whitehead

PITTSBURGH BRANCH


Michael J. Hagan

Ronnie L. Bryant

Titlfl lllc

Term expiresDec. 31



Chairman and Chief Executive Officer,Hocking Valley Bank, Athens, Ohio



President and Chief Executive Officer,Crane Group Company, Columbus, Ohio

Executive Vice President and Chief Financial Officer,Limited Brands, Columbus, Ohio



Retired Chairman and Chief Executive Officer,Diebold, Incorporated, Canton, Ohio

President, Czar Coal Corporation, Lovely, KentuckyExecutive Secretary-Treasurer, Cincinnati AFL-CIO

Labor Council, Cincinnati, OhioPresident, Bank One, NA, Lexington, KentuckyPresident and Chief Executive Officer, Great Lakes

Bankers Bank, Gahanna, Ohio

Senior Vice President, Western and Southern FinancialGroup, Cincinnati, Ohio

Senior Vice President, Toyota Motor North America,Inc., New York, New York

Retired President, Ashland Inc. Foundation,Villa Hills, Kentucky


President and Chief Operating Officer, CEcD,Pittsburgh Regional Alliance,Pittsburgh, Pennsylvania

2004

2005

2006

2004

2005

2006

2004

2005

2006

20042005

20052006

2004

2005

2006

2004

2005


2004




Georgiana N. Riley

Kristine N. Molnar


Robert O. Agbede

Roy W.Haley

James I. Mitnick

RESERVE BANKClass A

Eddie Canterbury

Barry J. Fitzpatrick

Ernest J. Sewell

Class BJoeEdensW. Henry Harmon

Kenneth R. Sparks

Class CTheresa M. Stone

Thomas J. Mackell, Jr.

Wesley S. Williams, Jr. . . . .

BALTIMORE BRANCHAppointed by theFederal Reserve Bank


Dyan Brasington

Kenneth C. Lundeen


President and Chief Executive Officer, 2005TIGG Corporation, Bridgeville, Pennsylvania

Executive Vice President, WesBanco Bank, Inc., 2006Wheeling, West Virginia

President and Chief Executive Officer, 2004ATS-Chester Engineers, Pittsburgh, Pennsylvania

Chairman and Chief Executive Officer, 2005WESCO International, Inc., Pittsburgh, Pennsylvania

Senior Vice President, Turner Construction Company, 2006Pittsburgh, Pennsylvania


President and Chief Executive Officer, Logan Bank & 2004Trust Company, Logan, West Virginia

Chairman, Branch Banking & Trust Co. of Virginia, 2005Falls Church, Virginia

President and Chief Executive Officer, FNB Southeast, 2006Greensboro, North Carolina

Chairman, Edens & Avant, Columbia, South Carolina 2004President and Chief Executive Officer, Columbia 2005

Natural Resources, LLC, Charleston, West VirginiaPresident and Chief Executive Officer, Ken Sparks 2006

Associates LLC, White Stone, Virginia

Chief Financial Officer, Jefferson-Pilot Corporation, 2004President, Jefferson-Pilot Communications Company,Greensboro, North Carolina

President and Chief Operating Officer, 2005The Kamber Group, Washington, D.C.

Partner, Covington & Burling, Washington, D.C. 2006

President and Chief Executive Officer, SunTrust Bank, 2004Maryland, Baltimore, Maryland

President (Retired), Technology Council of Maryland, 2005Rockville, Maryland

President, C.J. Langenfelder & Son, Inc., 2006Baltimore, Maryland


2004



Michael L. Middleton


Owen E. Herrnstadt

Cynthia Collins Allner

William C.Handorf

CHARLOTTE BRANCHAppointed by theFederal Reserve Bank

William H. Nock

Lucy J. ReubenMichael C Miller

Donald K. Truslow


James F. Goodmon

Michael A. Almond

Jim Lowry

RESERVE BANKClass A

James F. Beall

Richard G. Hickson

William G. Smith, Jr.

Class BSuzanne E. Boas


Chairman and President, Community Bank of 2006Tri-County, Waldorf, Maryland

Director, International Department, International 2004Association of Machinists and Aerospace Workers,AFL-CIO, Upper Marlboro, Maryland

Principal, Miles & Stockbridge PC, 2005Baltimore, Maryland

Professor of Finance, George Washington University, 2006Washington, D.C.

Chairman and Chief Executive Officer, Wayfarer 2004Financial Group, Sumter, South Carolina

Durham, North Carolina 2005Chairman and President, FNB Corp. and First National 2006

Bank and Trust Company, Asheboro, North CarolinaChief Risk Officer, Wachovia Corporation, 2006

Charlotte, North Carolina

President and Chief Executive Officer, Capitol 2004Broadcasting Company, Inc., Raleigh, North Carolina

President and Chief Executive Officer, Charlotte 2005Regional Partnership, Charlotte, North Carolina

Dealer Operator, Crown Automotive, 2006High Point, North Carolina


Chairman, President, and Chief Executive Officer, 2004Farmers & Merchants Bank, Centre, Alabama

Chairman and Chief Executive Officer, Trustmark 2005Corporation, Jackson, Mississippi

Chairman, President, and Chief Executive Officer, 2006Capital City Bank Group, Inc., Tallahassee, Florida

President, Consumer Credit Counseling Service of 2004Greater Atlanta, Inc., Atlanta, Georgia


2004




Egbert L.J. Perry

Teri G. Fontenot

Class CDavid M. Ratcliffe

V. Larkin MartinD. Scott Davis

BIRMINGHAM BRANCH


John B. Barnett III

John H. Holcomb III

Samuel F. Dodson

Bobby A. Bradley



James H. Sanford

W. Millet Welborn

JACKSONVILLE BRANCHAppointed by theFederal Reserve Bank

Harvey R. Heller

Jerry M. Smith

Robert L. Fisher

Ellen S.Titen


Julie K. Hilton

Fassil Gabremariam

Linda H. Sherrer

Tiflf1 Hit


President and Chief Executive Officer, Woman'sHospital, Baton Rouge, Louisiana

Chairman, President, and Chief Executive Officer,Southern Company, Atlanta, Georgia

Managing Partner, Martin Farm, Courtland, AlabamaChief Financial Officer, United Parcel Service,

Atlanta, Georgia

Monroeville President and Chairman, BankTrust,Monroeville, Alabama

Chairman and Chief Executive Officer, AlabamaNational Bancorporation, Birmingham, Alabama

Business Manager, International Union of OperatingEngineers-Local 312, Birmingham, Alabama

Retired Senior Vice President and Group Manager,Science Applications International Corporation,Huntsville, Alabama

President, Sloss Real Estate Group, Inc.,Birmingham, Alabama

Chairman of the Board, HOME Place Farms, Inc.,Prattville, Alabama

President, Welborn and Associates, Inc.,Lookout Mountain, Tennessee

President, Heller Brothers Packing Corporation,Winter Garden, Florida

Chairman and President, First National Bankof Alachua, Alachua, Florida

President and Chief Executive Officer, MacDillFederal Credit Union, Tampa, Florida

President, E.T. Consultants, Winter Park, Florida

Vice President and Co-Owner, Paradise Found Resorts& Hotels, Panama City Beach, Florida

President and Founder, U.S.-Africa Free EnterpriseEducation Foundation, Tampa, Florida

President and Chief Executive Officer, PrudentialNetwork Realty, Jacksonville, Florida

Term expiresDec. 31

2005

2006

2004

20052006

2004

2005

2006

2006

2004

2005

2006

2004

2005

2006

2006

2004

2005

2006


2004



MIAMI BRANCH


Rudy Everett Schupp

Francis V. Gudorf

Joseph C. Schwartzel

Miriam Lopez


Rosa SugranesEdwin A. Jones, Jr.

Brian E. Keeley

NASHVILLE BRANCHAppointed by theFederal Reserve Bank

Sam O. Franklin IE . . . . . . . . .

Michael B . Swain

James W. Spradley, Jr.

Daniel A. Gaudette . . . . . . . . .


F. Rodney Lawler


David Williams II

NEW ORLEANS BRANCHAppointed by theFederal Reserve Bank

David E. Johnson

C. R. Cloutier

Lawrence E. Kurzius

Christel C. Slaughter

1 lllc

President and Chief Executive Officer, First UnitedBank, North Palm Beach, Florida

President and Executive Director, Jubilee CommunityDevelopment Corporation, Miami, Florida

President, Meridian Broadcasting, Inc.,Fort Myers, Florida

Chairman and Chief Executive Officer,TransAtlantic Bank, Miami, Florida

Chairman, Iberia Tiles Corp, Miami, FloridaPresident, Angus Investments, Inc.,

Port St. Lucie, FloridaPresident and Chief Executive Officer, Baptist Health

South Florida, Coral Gables, Florida

Retired Chairman, SunTrust Bank, Nashville,Nashville, Tennessee

President and Chief Executive Officer, First NationalBank, Oneida, Tennessee

President and Chief Executive Officer, StandardCandy Company, Inc., Nashville, Tennessee

Senior Vice President, North American Manufacturingand Quality Assurance, Nissan North America, Inc.,Smyrna, Tennessee


Chief Executive Officer, Star Transportation, Inc.,Nashville, Tennessee

Vice Chancellor and General Counsel, VanderbiltUniversity, Nashville, Tennessee

Chairman and Chief Executive Officer, The FirstBancshares, Inc., and The First, A National BankingAssociation, Hattiesburg, Mississippi

President and Chief Executive Officer, MidSouth Bank,Lafayette, Louisiana

President and Chief Executive Officer, Zatarain's,Gretna, Louisiana

Partner, General Business, SSA Consultants, LLC,Baton Rouge, Louisiana

Term expiresDec. 31

2004

2005

2005

2006

20042005

2006

2004

2005

2006

2006

2004

2005

2006

2004

2005

2006

2006


2004





Dave Dennis

Earl L. Shipp

Ben Tom Roberts

RESERVE BANKClass A

AlanR.Tubbs

William A. Osborn

Michael L. Kubacki

Class BJames H. Keyes

Connie E. Evans

MarkT. Gaffhey

Class CMiles D. White

John A. Canning, Jr.

W. James Farrell

DETROIT BRANCHAppointed by theFederal Reserve Bank

Robert E. Churchill

Tommi A. White

Linda S. Likely

Ralph W.Babb, Jr.


IrvinD.ReidEdsel B. Ford II

Roger A. Cregg

Titif*

Ftesident, Specialty Contractors & Assoc, Inc.,Gulfport, Mississippi

Vice President and Site Director, The Dow ChemicalCompany, Louisiana Operations,Plaquemine, Louisiana

Senior Executive Vice President/Owner, RobertsBrothers, Inc., Realtors, Mobile, Alabama

Term expiresDec. 31

2004

2005

2006


President, Maquoketa State Bank and OhnwardBancshares Inc., Maquoketa, Iowa

Chairman and Chief Executive Officer, Northern TrustCorporation and The Northern TrustCompany, Chicago, Illinois

Chairman, President, and Chief Executive Officer,Lakeland Financial Corporation, Warsaw, Indiana

Chairman of the Board-Retired, Johnson Controls, Inc.,Milwaukee, Wisconsin

President and Chief Executive Officer, WSEP Ventures,Chicago, Illinois

President, Michigan AFL-CIO, Lansing, Michigan

Chairman and Chief Executive Officer, AbbottLaboratories, Abbott Park, Illinois

Chairman and Chief Executive Officer, MadisonDearborn Partners, Inc., Chicago, Illinois

Chairman and Chief Executive Officer, Illinois ToolWorks, Inc., Glenview, Illinois

Chairman and Chief Executive Officer, CitizensNational Bank, Cheboygan, Michigan

Chief Operating Officer, Compuware Corporation,Detroit, Michigan

Executive Director, Kalamazoo NeighborhoodHousing Services, Kalamazoo, Michigan

Chairman, President, and Chief Executive Officer,Comerica Incorporated, Detroit, Michigan

President, Wayne State University, Detroit, MichiganBoard Director, Ford Motor Company,

Dearborn, MichiganExecutive Vice President and Chief Financial Officer,

Pulte Homes, Inc., Bloomfield Hills, Michigan

2004

2005

2006

2004

2005

2006

2004

2005

2006

2004

2005

2005

2006

20042005

2006Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

2004



RESERVE BANKClass A

Lewis F. Mallory, Jr.

Lunsford W. Bridges

Bradley W. Small

Class BBert GreenwaltJ. Stephen Barger

A. Rogers Yarnell II

Class CCharles W. Mueller

Gayle P.W. Jackson

Walter L. Metcalfe, Jr.

LITTLE ROCK BRANCHAppointed by theFederal Reserve Bank

Lawrence A. Davis, Jr

David R. Estes

Robert A. Young IE

Raymond E. Skelton


Sonja Yates Hubbard

Stephen M. Erixon

Scott T. Ford

LOUISVILLE BRANCH


David H. Brooks

Marjorie Z. Soyugenc

Titlf1 Hie

Term expiresDec. 31


Chairman and Chief Executive Officer, National Bankof Commerce, Starkville, Mississippi

President and Chief Executive Officer, MetropolitanNational Bank, Little Rock, Arkansas

Principal, Mathis, Marifian, Richter & Grandy, Ltd.,Belleville, Illinois

Partner, Greenwalt Company, Hazen, ArkansasTaft-Hartley Coordinator, Indiana/Kentucky Regional

Council of Carpenters, Louisville, KentuckyPresident, Yarnell Ice Cream Co., Inc., Searcy, Arkansas

Retired Chairman and Chief Executive Officer,Ameren Corporation, St. Louis, Missouri

Managing Director, FondElec Clean Energy Group, Inc.,St. Louis, Missouri

Partner, Bryan Cave LLP, St. Louis, Missouri



Chairman, President, and Chief Executive Officer,Arkansas Best Corporation, Fort Smith, Arkansas

Little Rock, Arkansas

Chief Executive Officer, E-Z Mart Stores, Inc.,Texarkana, Texas

Chief Executive Officer, Baxter Regional MedicalCenter, Mountain Home, Arkansas

President and Chief Executive Officer,ALLTEL Corporation, Little Rock, Arkansas

Chairman and Chief Executive Officer, Stock YardsBank & Trust Company, Louisville, Kentucky


2004

2005

2006

20042005

2006

2004

2005

2006

2004

2005

2005

2006

2004

2005

2006

2004

2005


2004




L. Clark Taylor, Jr.

Gordon B. Guess


Cornelius A. Martin

Maria Gerwing Hampton ...

Norman E. Pfau, Jr.

MEMPHIS BRANCH


Walter L.Morris, Jr.

James A. England

TomA.Wright

David P. Rumbarger, Jr


Gregory M. Duckett

Meredith Baird Allen

Russell Gwatney

RESERVE BANK

Class AKay ClevidenceRobert Dickson

Douglas C. Morrison

Class BJay F. Hoeschler

Randy Peterson

l me

Chief Executive Officer, Ephraim McDowell Health,Danville, Kentucky

Chairman, President, and Chief Executive Officer,The Peoples Bank, Marion, Kentucky

President and Chief Executive Officer, MartinManagement Group, Bowling Green, Kentucky

President, The Housing Partnership, Inc.,Louisville, Kentucky

President and Chief Executive Officer, Geo. Pfau's SonsCompany, Inc., Jeffersonville, Indiana



Chairman and Chief Executive Officer, EnterpriseNational Bank, Memphis, Tennessee

President and Chief Executive Officer, CommunityDevelopment Foundation, Tupelo, Mississippi

Senior Vice President and Corporate Counsel,Baptist Memorial Health Care Corporation,Memphis, Tennessee

Vice President, Marketing, Staple Cotton CooperativeAssociation, Greenwood, Mississippi

President, Gwatney Companies, Memphis, Tennessee

Term expiresDec. 31

2005

2006

2004

2005

2006

2004

2005

2005

2006

2004

2005

2006


President, Farmers State Bank, Victor, MontanaChairman and Chief Executive Officer, The First

National Bank of Fairfax, Fairfax, MinnesotaChief Financial Officer, Citibank (South Dakota) N.A.,

Sioux Falls, South Dakota

President and Owner, Hoeschler Corporation,La Crosse, Wisconsin

General Manager, Precision Edge SurgicalProducts Co., LLC, Sault Ste. Marie, Michigan

20042005

2006

2004

2005


2004



D. Greg Heineman

Class CFrank L. Sims

Linda Hall Whitman

James J. Hynes

HELENA BRANCHAppointed by theFederal Reserve Bank

Marilyn F. Wessel

Joy N. Ott

Ronald D. Scott


Dean Folkvord

Lawrence R. Simkins

RESERVE BANKClass A

Jeffrey L. Gerhart

Rick L. Smalley

Mark W. Schifferdecker . . . .

Class BFrank Moore

Dan L. Dillingham

Kevin K. Nunnink

Class CRichard H. Bard

11 lie


Corporate Vice President, Transportation, Cargill, Inc.,Minnetonka, Minnesota

Chief Executive Officer, MinuteClinic,Minneapolis, Minnesota

Executive Administrator, Twin City Pipe Trades ServiceAssociation, St. Paul, Minnesota

Former Dean and Director, Museum of the Rockies,Bozeman, Montana

Regional President and Chief Executive Officer,Wells Fargo Bank Montana, N.A., Billings, Montana

President and Chief Executive Officer, The First StateBank of Malta, Malta, Montana

President and Chief Executive Officer, Wheat MontanaFarms and Bakery, Three Forks, Montana

President, Washington Corporations, Missoula, Montana

Term expiresDec. 31

2006

2004

2005

2006

2004

2004

2005

2004

2005


President and Chief Executive Officer, First NationalBank of Newman Grove, Newman Grove, Nebraska

Chief Executive Officer, Dickinson FinancialCorporation, Kansas City, Missouri

President and Chief Executive Officer, Girard NationalBank, Girard, Kansas


Chief Executive Officer, Dillingham Insurance,Enid, Oklahoma

Chairman, Integra Realty Resources, Westwood, Kansas

Chairman and Chief Executive Officer, InternationalSurface Preparation Corporation, Golden, Colorado

2004

2005

2006

2004

2005

2006

2004


2004




VacancyRobert A. Funk

DENVER BRANCHAppointed by theFederal Reserve Bank

Michael R. Stanford

Virginia K. BerkeleyJames A. Helzer

Kristy A. Schloss


James A. KingKathleen Avila

Thomas Williams

OKLAHOMA CITY BRANCHAppointed by theFederal Reserve Bank


Robert R. Gilbert ID

Fred M. Ramos

Richard K. Ratcliffe


J. Larry Nichols

Michael J. Packnett

Tyree O. Minner

OMAHA BRANCH


Cynthia Hardin Milligan ..

Judith A. Owen

1 lllc

Chairman and Chief Executive Officer,Express Personnel Services International,Oklahoma City, Oklahoma

President and Chief Executive Officer, First StateBancorporation, Albuquerque, New Mexico

President, CoBiz Bank, N.A., Denver, ColoradoPresident and Chief Executive Officer, Unicover

Corporation, Cheyenne, WyomingPresident and Chief Executive Officer, Schloss

Engineered Equipment, Inc., Aurora, Colorado

Chief Executive Officer, BT, Inc., Riverton, WyomingManaging Member, Avila Retail Development &

Management, Albuquerque, New MexicoPresident and Chief Executive Officer, Williams

Group LLC, Golden, Colorado

President and Chief Executive Officer, CitizensBank & Trust Co., Okmulgee, Oklahoma

President and Chief Operating Officer,The F&M Bank & Trust Company, Tulsa, Oklahoma

President, Greater Tulsa Hispanic Chamberof Commerce, Tulsa, Oklahoma

Chairman, Ratcliffe's Inc., Weatherford, Oklahoma

Chairman and Chief Executive Officer, Devon EnergyCorporation, Oklahoma City, Oklahoma

President and Chief Executive Officer, Mercy Health

Term expiresDec. 31

20052006

2004

20052006

2006

20042005

2006

2004

2004

2005

2006

2004

2005System of Oklahoma, Inc., Oklahoma City, Oklahoma

Plant Manager, Oklahoma City Assembly,General Motors, Oklahoma City, Oklahoma

Dean, College of Business Administration,University of Nebraska-Lincoln, Lincoln, Nebraska

Retired President and Chief Executive Officer,Wells Fargo Bank, N.A., Omaha, Nebraska

2006

2004

2005


2004



Rodrigo Lopez

Michael J. Nelson


Terry L. Moore

James A. Timmerman

A.F. Raimondo

RESERVE BANK

Class ADavid S. Barnard

Richard W. Evans, Jr.

Matthew T. Doyle

Class BVacancyMalcolm Gillis

Judy Ley Allen

Class CRay L. Hunt

Patricia M. Patterson .Anthony R. Chase

EL PASO BRANCH


F. James VolkPete Cook

Fred J. LoyaGerald J. Rubin


Cecilia Ochoa Levine

l lllc

President and Chief Executive Officer, AmeriSphereMultifamily Finance, LLC, Omaha, Nebraska

Chairman, FirsTier Bank, Kimball, Nebraska

President, Omaha Federation of Labor,Omaha, Nebraska

Chief Financial Officer and Secretary/Treasurer,Timmerman and Sons Feeding Co.,Springfield, Nebraska


Term expiresDec. 31

2006

2006

2004

2005

2006


Chairman and Chief Executive Officer, National Bank,Gatesville, Texas

Chairman and Chief Executive Officer, Cullen/FrostBankers, Inc., San Antonio, Texas


University Professor and Past President,Rice University, Houston, Texas

Partner, Allen Investments, Houston, Texas

Chairman, President, and Chief Executive Officer,Hunt Consolidated, Inc., Dallas, Texas

President, Patterson Investments, Inc., Dallas, TexasChairman and Chief Executive Officer, ChaseCom, LP,

Houston, Texas

Regional President, State National Bank, El Paso, TexasPresident and Chief Executive Officer, First National

Bank of Alamogordo, Alamogordo, New MexicoChairman, Fred Loya Insurance, El Paso, TexasChairman, President, and Chief Executive Officer,

Helen of Troy Corporation Limited, El Paso, Texas

President, MFI International Mfg., LLC, El Paso, Texas

2004

2005

2006

20042005

2006

2004

20052006

20042005

20052006

2004


2004




Ron C. Helm

William V. Flores

HOUSTON BRANCH


Richard W Weekley

Priscilla D. SladeS. Reed Morian

Timothy N. Bryan


James T. Hackett

Lupe Fraga

Vacancy

SAN ANTONIO BRANCHAppointed by theFederal Reserve Bank

R.TomRoddy

Matt F. Gorges


Steven R. Vandegrift


Ron R. Harris

Elizabeth Chu Richter

Marvin L. Ragsdale

RESERVE BANKClass A

Richard W. Decker, Jr

Candace Hunter Wiest

Richard C. Hartnack

Titloiiiie

Owner, Helm Land and Cattle Company,Van Horn, Texas

Provost, New Mexico State University,Las Cruces, New Mexico


President, Texas Southern University, Houston, TexasChairman, Chief Executive Officer, and President,

DX Service Company, Inc., Houston, TexasChairman and Chief Executive Officer, The First

National Bank of Bryan, Bryan, Texas

President and Chief Executive Officer, AnadarkoPetroleum Corporation, Houston, Texas

Chairman and Chief Executive Officer,Tejas Office Products, Inc., Houston, Texas

Chairman, Lone Star Capital Bank, N.A.,San Antonio, Texas

Chairman and Chief Executive Officer, ValleyInternational Cold Storage, Inc., Harlingen, Texas


Founder and President, SRV Holdings, Austin, Texas,

General Partner, Southwest Capital Partners,Austin, Texas

Chairman and Chief Executive Officer,Richter Architects, Corpus Christi, Texas


Term expiresDec. 31

2005

2006

2004

20052005

2006

2004

2005

2006

2004

2005

2005

2006

2004

2005

2006


Chairman and Co-Founder, Belvedere CapitalPartners, LLC, San Francisco, California

President, Inland Empire National Bank,Riverside, California

Vice Chairman, Union Bank of California,Los Angeles, California

2004

2005

2006


2004



Class BJack McNallyDavid K.Y. TangBarbara L. Wilson

Class CSheila D. Harris

George M. Scalise

Vacancy

Los ANGELES BRANCHAppointed by theFederal Reserve Bank

Russell Goldsmith

Peter M. Thomas

D. Linn Wiley

Karen Caplan


William D. Jones

Diane Donoghue

Anita Santiago

PORTLAND BRANCHAppointed by theFederal Reserve Bank

George J. PassadoreWilliam D. Thorndike, Jr. ..James H. Rudd

Robert D. Sznewajs


Karla S. Chambers

Peter O. Kohler

Judi Johansen

Titipi me

Principal, JKM Consulting, Sacramento, CaliforniaPartner, Preston Gates & Ellis LLP, Seattle, WashingtonConsultant and Regional Vice President (Retired),

Qwest Communications, Boise, Idaho



Chairman and Chief Executive Officer, City NationalBank, Beverly Hills, California

Managing Partner, Thomas & Mack Co.,Las Vegas, Nevada

President and Chief Executive Officer, Citizens BusinessBank, Ontario, California

President and Chief Executive Officer, Frieda's, Inc.,Los Alamitos, California

Chairman, President, and Chief Executive Officer,CityLink Investment Corporation,San Diego, California

Executive Director, Esperanza Community HousingCorporation, Los Angeles, California

President, Anita Santiago Advertising,Santa Monica, California

Chairman, Oregon, Wells Fargo Bank, Portland, OregonPresident, Medford Fabrication, Medford, OregonChief Executive Officer, Ferguson Wellman Capital

Management, Inc., Portland, OregonPresident and Chief Executive Officer, West Coast

Bancorp, Lake Oswego, Oregon

Vice President, Stahlbush Island Farms, Inc.,Corvallis, Oregon

President, Oregon Health & Science University,Portland, Oregon

President and Chief Executive Officer, PacifiCorp,Portland, Oregon

Term expiresDec. 31

200420052006

2004

2005

2006

2004

2005

2006

2006

2004

2005

2006

200420052005

2006

2004

2005

2006


2004




SALT LAKE CITY BRANCHAppointed by theFederal Reserve Bank

Curtis H. Harris

A. Scott Anderson

Deborah Bayle Nielsen

Annette K. Herman


Gary L. Crocker

H. Roger BoyerWilliam C. Glynn

SEATTLE BRANCHAppointed by theFederal Reserve Bank

Peter H. van Oppen

Mary E. Pugh

Kenneth M. Kirkpatrick . . . .

Helvi K. Sandvik


Mic R. Dinsmore

James R. GillDavid W. Wyckoff

Title


President and Chief Executive Officer, Zions FirstNational Bank, Salt Lake City, Utah

President and Chief Executive Officer, United Wayof Salt Lake, Salt Lake City, Utah

President and Chief Executive Officer,UnitedHealthcare, Salt Lake City, Utah

Chairman and Chief Executive Officer, AnZenBio,Salt Lake City, Utah

Chairman, The Boyer Company, Salt Lake City, UtahPresident, Intermountain Industries, Inc., Boise, Idaho

Chairman and Chief Executive Officer, AdvancedDigital Information Corp., Redmond, Washington


President, U.S. Bank, Seattle, WashingtonPresident, NANA Development Corp.,

Anchorage, Alaska


President, Pacific Northwest Title, Seattle, WashingtonChairman and Chief Executive Officer, Wyckoff

Farms, Inc., Grandview, Washington

Term expiresDec. 31

2004

2005

2005

2006

2004

20052006

2004

2005

20052006

2004

20052006


2004


Members of the Board of Governors, 1913-2004

Appointed Members


Date initially tookoath of office Other dates'

Charles S. Hamlin





J.J. ThomasMarriner S. Eccles

Joseph *A. BroderickJohn K. McKeeRonald RansomRalph W. MorrisonChester C. Davis


A.L. Mills, Jr.

J.L. Robertson


Boston








San Francisco

Kansas City


Aug. 10, 1914

Aug. 10, 1914Aug. 10, 1914Aug. 10, 1914Aug. 10, 1914

Oct. 26, 1918Nov. 10, 1919June 8, 1920



June 14, 1933Nov. 15, 1934

Feb. 3, 1936Feb. 3, 1936Feb. 3,1936Feb. 10, 1936June 25, 1936

Mar. 30, 1938Mar. 14, 1942Apr. 4, 1946Feb. 14,1947Apr. 15, 1948Sept. 1, 1950Sept. 1, 1950April 2, 1951

Feb. 18, 1952

Feb. 18, 1952

Aug. 12, 1954Aug. 13, 1954




Resigned Mar. 15,1920.Term expired Aug. 9, 1920.Reappointed in 1928. Resigned Sept. 14,


1936.3






1941.Served until Sept. 1, 1950 ?Served until Aug. 13, 1954.2

Resigned Nov. 30,1958.Died Dec. 4, 1949.Resigned Mar. 31,1951.Resigned Jan. 31, 1952.Resigned June 30, 1952.Reappointed in 1956. Term expired





2004



Name


George W. Mitchell

J. Dewey DaaneSherman J. MaiselAndrew F. BrimmerWilliam W.Sherrill

Arthur F. Burns

John E. SheehanJeffrey M. BucherRobert C. HollandHenry C. WallichPhilip E. ColdweUPhilip C. Jackson, Jr.J. Charles ParteeStephen S. GardnerDavid M. LillyG.William MillerNancy H. TeetersEmmett J. RiceFrederick H. SchultzPaul A. VolckerLyle E. GramleyPreston MartinMartha R. SegerWayne D. AngellManuel H. JohnsonH. Robert HellerEdward W. Kelley, Jr.Alan GreenspanJohn P. LaWareDavid W. Mullins, Jr.Lawrence B. LindseySusan M. PhillipsAlan S. BlinderJanet L. YellenLaurence H. MeyerAlice M. RivlinRoger W. Ferguson, Jr.Edward M. GramlichSusan S. BiesMark W. OlsonBen S. BernankeDonald L. Kohn


DallasAtlanta

Chicago


New York



Mar. 17, 1955Mar. 25, 1959

Aug. 31,1961

Nov. 29, 1963Apr. 30, 1965Mar. 9,1966May 1, 1967

Jan. 31, 1970

Jan. 4, 1972June 5, 1972June 11, 1973Mar. 8, 1974Oct. 29, 1974July 14, 1975Jan. 5, 1976Feb. 13, 1976June 1,1976Mar. 8, 1978Sept. 18, 1978June 20, 1979July 27, 1979Aug. 6, 1979May 28, 1980Mar. 31, 1982July 2, 1984Feb. 7, 1986Feb. 7, 1986Aug. 19, 1986May 26, 1987Aug. 11, 1987Aug. 15, 1988May 21,1990Nov. 26, 1991Dec. 2, 1991June 27, 1994Aug. 12, 1994June 24,1996June 25,1996Nov. 5, 1997Nov. 5, 1997Dec. 7, 2001Dec. 7, 2001Aug. 5, 2002Aug. 5, 2002

Other dates1

Retired Apr. 30,1967.Reappointed in 1960. Resigned Sept. 18,


Feb. 13, 1976.2


Served through May 31, 1972.Resigned Aug. 31,1974.Reappointed in 1968. Resigned Nov. 15,


Mar. 31, 1978.Resigned June 1, 1975.Resigned Jan. 2,1976.Resigned May 15, 1976.Resigned Dec. 15, 1986.Served through Feb. 29,1980.Resigned Nov. 17, 1978.Served until Feb. 7, 1986.2

Died Nov. 19, 1978.Resigned Feb. 24, 1978.Resigned Aug. 6, 1979.Served through June 27, 1984.Resigned Dec. 31,1986.Served through Feb. 11, 1982.Resigned August 11, 1987.Resigned Sept. 1, 1985.Resigned April 30, 1986.Resigned March 11, 1991.Served through Feb. 9, 1994.Resigned August 3, 1990Resigned July 31, 1989.Resigned Dec. 31,2001.Reappointed in 1992.Resigned April 30,1995.Resigned Feb. 14,1994.Resigned Feb. 5, 1997.Served through June 30, 1998.Term expired Jan. 31,1996.Resigned Feb. 17,1997.Term expired Jan. 31, 2002.Resigned July 16, 1999.Reappointed in 2001.

Reappointed in 2003.


2004



Name Term

Chairmen 3

Charles S. HamlinW.P.G. HardingDaniel R. CrissingerRoy A. YoungEugene MeyerEugene R. BlackMarriner S. EcclesThomas B. McCabeWm. McC. Martin, Jr.Arthur F. BurnsG. William MillerPaul A. VolckerAlan Greenspan

Vice Chairmen3


Aug. 10, 1914-Aug. 9, 1916Aug. 10, 1916-Aug. 9, 1922May 1, 1923-Sept. 15,1927Oct. 4, 1927-Aug. 31, 1930Sept. 16, 1930-May 10, 1933May 19, 1933-Aug. 15, 1934Nov. 15, 1934-Jan.31, 19484

Apr. 15, 1948-Mar. 31, 1951Apr. 2, 1951-Jan. 31, 1970Feb. 1, 1970-Jan. 31, 1978Mar. 8, 1978-Aug. 6, 1979Aug. 6. 1979-Aug. 11, 1987Aug. 11, 1987-5

Aug. 10, 1914-Aug. 9, 1916Aug. 10, 1916-Aug. 9, 1918Oct. 26, 1918-Mar. 15, 1920July 23, 1920-Sept. 14, 1930Aug. 21, 1934-Feb. 10, 1936Aug. 6, 1936-Dec.2, 1947Mar. 11, 1955-Feb.28, 1966Mar. 1, 1966-Apr. 30, 1973May 1, 1973-Feb. 13, 1976Feb. 13, 1976-Nov. 19, 1978July 27, 1979-Feb. 11, 1982Mar. 31, 1982-Apr. 30, 1986Aug. 4, 1986-Aug. 3, 1990July 24, 1991-Feb. 14, 1994June 27, 1994-Jan. 31, 1996June 25, 1996-July 16, 1999Oct. 5, 1999-

NOTE. Under the original Federal Reserve Act, theFederal Reserve Board was composed of five appointedmembers, the Secretary of the Treasury (ex officio chair-man of the Board), and the Comptroller of the Currency.The original term of office was ten years; the five originalappointed members had terms of two, four, six, eight, andten years. In 1922 the number of appointed members wasincreased to six, and in 1933 the term of office was raisedto twelve years. The Banking Act of 1935 changed thename to the Board of Governors of the Federal ReserveSystem and provided that the Board be composed ofseven appointed members; that the Secretary of the Trea-sury and the Comptroller of the Currency continue toserve until Feb. 1, 1936; that the appointed members in






1996, to June 20, 1996.


2004

264

Ex

91st Annual Report,

Offido Members

Name

2004

Term

Secretaries of the TreasuryW.G. McAdooCarter GlassDavid F. HoustonAndrew W. MellonOgden L. MillsWilliam H.WoodinHenry Morgenthau, Jr.

Comptrollers of the CurrencyJohn Skelton WilliamsDaniel R. CrissingerHenry M. DawesJoseph W. MclntoshJ.W. PoleJ.F.T. O'Connor

Dec. 23,1913-Dec. 15, 1918Dec. 16, 1918-Feb. 1, 1920Feb. 2,1920-Mar. 3,1921Mar. 4,1921-Feb. 12, 1932Feb. 12,1932-Mar. 4, 1933Mar. 4,1933-Dec. 31,1933Jan. 1, 1934-Feb. 1, 1936

Feb. 2, 1914-Mar. 2,1921Mar. 17,1921-Apr. 30,1923May 1,1923-Dec. 17, 1924Dec. 20, 1924-Nov. 20, 1928Nov. 21,1928-Sept. 20, 1932May 11,1933-Feb. 1,1936


2004

55937_2000-2004

Documents

federal reserve bank

usaa federal savings

marietta savings bank

vice presidentunions

andsavings banks

weller meyer

board ofgovernors

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