55937_2005-2009

234 92nd Annual Report, 2005

Federal Reserve Banks and BranchesDecember 31,2005

Officers

BANK or Branch

BOSTON2

NEW YORK2

Buffalo

PHILADELPHIA

CLEVELAND2

CincinnatiPittsburgh

RICHMOND

BaltimoreCharlotte

ATLANTA

BirminghamJacksonvilleMiamiNashvilleNew Orleans

CHICAGO2

Detroit

ST. LOUIS

Little RockLouisville

Memphis

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

James M. AndersonRoy W.Haley

Thomas J. Mackell, Jr.Theresa M. Stone

William C.HandorfMichael A. Almond

David M. RatcliffeV. Larkin Martin

James H. SanfordFassil GabremariamEdwin A. Jones, Jr.Beth Dortch FranklinEarl L. Shipp

W. James FarrellMiles D. White

Edsel B. Ford II

Walter L.Metcalfe, Jr.Gayle P. W. Jackson

Stephen M. ErixonNorman E. Pfau, Jr.

Russell Gwatney

Linda Hall WhitmanFrank L. Sims

Lawrence R. Simkins

PresidentFirst Vice President

Cathy E. MinehanPaul M. Connolly

Timothy F. GeithnerChristine M.

dimming

Anthony M. SantomeroWilliam H. Stone, Jr.

Sandra PianaltoRobert Christy Moore

Jeffrey M. LackerWalter A. Varvel

Jack GuynnPatrick K. Barren

Michael H. MoskowGordon R.G.

Werkema

William PooleW. LeGrande Rives

Gary H. SternJames M. Lyon

Officerin charge of Branch

Kausar Hamdani

Barbara B. HenshawRobert B. Schaub

David BeckJeffrey S. Kane

James M. McKee

Lee C. JonesChristopher L. OakleyJuan del BustoMelvyn K. PurcellRobert J. Musso

Glenn Hansen

Robert A. HopkinsMaria Gerwing

HamptonMartha Perine Beard

Samuel H. Gane

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

2005

Federal Reserve System Organization 235

Officers—Continued

BANK or Branch Chairman1

Deputy ChairmanPresident

First Vice PresidentOfficerin charge of Branch

KANSAS CITY

DenverOklahoma CityOmaha

DALLAS

El PasoHoustonSan Antonio

SAN FRANCISCO2

Los AngelesPortlandSalt Lake CitySeattle

Robert A. FunkRichard H. Bard

Thomas WilliamsTyree O. MinnerJames A. Timmerman

Ray L. HuntPatricia M.

PattersonRon C. HelmLupe FragaElizabeth Chu Richter

George M. ScaliseDavid K.Y. Tang

James L. SanfordJames H. RuddH. Roger BoyerMic R. Dinsmore

Thomas M. HoenigRichard K. Rasdall

Richard W. FisherHelen E. Holcomb

Janet L.YellenJohn F. Moore

Pamela L. WeinsteinDwayne E. BoggsKevin A. Drusch

Robert W. GilmerRobert Smith IIID. Karen Diaz

Mark L. MullinixMary E. LeeAndrea P. WolcottMark Gould

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;Des Moines, Iowa; Midway at Bedford Park, Illinois, andPhoenix, Arizona.

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, also attended by the deputy chairmen,were held in Washington, D.C. on June 1 and2, November 30, and December 1, 2005.

The members of the executive com-mittee of the Conference of Chairmen dur-ing 2005 were George M. Scalise, chair;Walter L. Metcalfe, Jr., vice chair; and JohnSexton, member.

On December 1, 2005, the conferenceelected its executive committee for 2006,naming John E. Sexton as chair; Charles E.Bunch as vice chair; and Robert A. Funk asthe 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.

Cathy E. Minehan, president of the Fed-eral Reserve Bank of Boston, served as chairof the conference in 2005, and Anthony M.Santomero, president of the Federal ReserveBank of Philadelphia, served as vice chair.Michael P. Malone, of the Federal ReserveBank of Boston, served as secretary, andHerbert E. Taylor, of the Federal ReserveBank of Philadelphia, served as assistantsecretary.


2005


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.

Walter A. Varvel, first vice president ofthe Federal Reserve Bank of Richmond,served as chair of the conference in 2005,and Helen E. Holcomb, first vice presidentof the Federal Reserve Bank of Dallas,served as vice chair. Janice E. Clatterbuck,of the Federal Reserve Bank of Richmond,served as secretary, and Harvey R. Mitchell,of the Federal Reserve Bank of Dallas,served as assistant secretary.

On September 20, 2005, the conferenceelected Helen E. Holcomb as chair for2006-07 and James M. Lyon, first vice presi-dent of the Federal Reserve Bank of Minne-apolis, as 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.

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 interests

of 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.


2005


Directors

BANK or BRANCH, CategoryName

RESERVE BANKClass A

James R. Wood

Peter A. Blyberg

Ronald E. Logue

Class BOrit Gadiesh

KirkP.Pond

Robert K. Kraft

Class CBlenda J. Wilson

Lisa M. Lynch

Samuel O. Thier, M.D

RESERVE BANKClass A

Charles V. Wait

Sanford I. WeillJill M. Considine

Class BMarta Tienda

Denis M. Hughes

Richard S. Fuld, Jr.

Class CLoretta E. LynchJerry I. Speyer

John E. Sexton

Title Term expiresDec. 31

DISTRICT 1—BOSTON

President and Chief Executive Officer, The First 2005National Bank of Suffield, Suffield, Connecticut

President and Chief Executive Officer, 2006Union Trust Company, Ellsworth, Maine

Chairman and Chief Executive Officer, 2007State Street Corporation, Boston, Massachusetts

Chairman, Bain & Company, Inc., 2005Boston, Massachusetts

President, Chief Executive Officer, and Chairman, 2006Fairchild Semiconductor International,South Portland, Maine

Chairman and Chief Executive Officer, 2007The Kraft Group, Foxborough, Massachusetts

President and Chief Executive Officer, 2005Nellie Mae Education Foundation,Quincy, Massachusetts

William L. Clayton Professor of International Economic 2006Affairs, The Fletcher School of Law and Diplomacy,Tufts University, Medford, Massachusetts

Professor of Medicine and Professor of Health Care 2007Policy, Harvard Medical School, MassachusettsGeneral Hospital, Boston, Massachusetts

DISTRICT 2—NEW YORK

President; Chief Executive Officer, and Chairman, 2005The Adirondack Trust Company,Saratoga Springs, New York

Chairman, Citigroup Inc., New York, New York 2006Chairman and Chief Executive Officer, 2007

The Depository Trust Company,New York, New York

Maurice P. During Professor of Demographic Studies, 2005Princeton University, Princeton, New Jersey

President, New York State AFL-CIO, 2006New York, New York

Chairman and Chief Executive Officer, 2007Lehman Brothers, New York, New York

Partner, Hogan & Hartson LLP, New York, New York 2005President and Chief Executive Officer, Tishman Speyer, 2006

New York, New YorkPresident, New York University, New York, New York 2007Digitized for FRASER

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

2005


Directors—Continued


BUFFALO BRANCHAppointed by theFederal Reserve Bank

Geraldine C. Ochocinska ...Maureen Torrey Marshall ..Peter G. Humphrey

Emerson L. Bramback

Appointed by theBoard of Governors

Brian J. Lipke

Alphonso O'Neil-White .. . .

Marguerite D. Hambleton ..

RESERVE BANKClass A

Kenneth R. Shoemaker

Eugene W. Rogers

Wayne R.Weidner

Class BRobert E. Chappell

Garry L. Maddox

P. Coleman Townsend, Jr. ..

Class CRonald J. Naples

William F.Hecht

Doris M. Damm

Titlp1 l l lC

Regional Director, Region 9, UAW, Amherst, New YorkVice President, Torrey Farms, Inc., Elba, New YorkChairman, President, and Chief Executive Officer,

Financial Institutions, Inc., Warsaw, New YorkPresident and Chief Operating Officer,

Manufacturers and Traders Trust Company,Buffalo, New York

Chairman and Chief Executive Officer, Gibraltar,Buffalo, New York

President and Chief Executive Officer,HealthNow New York Inc., Buffalo, New York

President and Chief Executive Officer,AAA Western and Central New York,Williamsville, New York

Term expiresDec. 31

200520062006

2007

2005

2006

2007

DISTRICT 3—PHILADELPHIA

President and Chief Executive Officer, Orrstown Bank,Shippensburg, Pennsylvania

Chief Executive Officer, Newfield National Bank,Newfield, New Jersey

Chairman, National Penn Bank,Boyertown, Pennsylvania

Chairman and Chief Executive Officer, Penn MutualLife Insurance Company, Horsham, Pennsylvania

President and Chief Executive Officer, A. Pomerantz &Company, Philadelphia, Pennsylvania

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

Chairman and Chief Executive Officer, QuakerChemical Corporation, Conshohocken, Pennsylvania

Chairman and Chief Executive Officer,PPL Corporation, Allentown, Pennsylvania

President and Chief Executive Officer, ACCU StaffingServices, Cherry Hill, New Jersey

2005

2006

2007

2005

2006

2007

2005

2006

2007


2005



RESERVE BANK

Class ABick Weissenrieder

Stephen P. Wilson

Henry L. Meyer III

Class BTanny B. Crane

V. Ann Hailey

Les C. Vinney

Class CPhillip R. Cox

Robert W. Mahoney

Charles E. Bunch

CINCINNATI BRANCH

Appointed by theFederal Reserve Bank

V. Daniel Radford

Glenn D. Leveridge

Charlotte W. Martin

James H. Booth


James M. Anderson

Charles Whitehead

Herbert R. Brown

PITTSBURGH BRANCH


VacancyGeorgiana N. Riley

lineTerm expires

Dec. 31

DISTRICT 4—CLEVELAND

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

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

Chairman of the Board and Chief Executive Officer,KeyCorp, Cleveland, Ohio

President and Chief Executive Officer,Crane Group Company, Columbus, Ohio

Executive Vice President and Chief Financial Officer,Limited Brands, Columbus, Ohio

President and Chief Executive Officer,STERIS Corporation, Mentor, Ohio

President and Chief Executive Officer, Cox FinancialCorporation, Cincinnati, Ohio

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

Chairman and Chief Executive Officer,PPG Industries, Inc., Pittsburgh, Pennsylvania

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

President, Lexington Market, JPMorgan ChaseBank, NA, Lexington, Kentucky

President and Chief Executive Officer, Great LakesBankers Bank, Gahanna, Ohio

President, Czar Coal Corporation, Lovely, Kentucky

President and Chief Executive Officer, CincinnatiChildren's Hospital Medical Center,Cincinnati, Ohio

Retired President, Ashland Inc. Foundation,Covington, Kentucky

Senior Vice President, Western and Southern FinancialGroup, Cincinnati, Ohio

President and Chief Executive Officer,TIGG Corporation, Bridgeville, Pennsylvania

2005

2006

2007

2005

2006

2007

2005

2006

2007

2005

2005

2006

2007

2005

2006

2007

20052005


2005




Kristine N. Molnar

Michael J. Hagan


Roy W.Haley

James I. Mitnick

Robert O. Agbede

RESERVE BANKClass A

Barry J. Fitzpatrick

Ernest J. Sewell

Kathleen Walsh Carr

Class BW. Henry Harmon

Kenneth R. Sparks

Harry M. Lightsey, HI

Class CThomas J. Mackell, Jr.

Lemuel E. Lewis

Theresa M. Stone

BALTIMORE BRANCH


Dyan Brasington

Kenneth C. Lundeen

Michael L. Middleton

Title

Executive Vice President, WesBanco Bank, Inc.,Wheeling, West Virginia

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

Chairman and Chief Executive Officer,WESCO International, Inc., Pittsburgh, Pennsylvania

Senior Vice President, Turner Construction Company,Pittsburgh, Pennsylvania

President and Chief Executive Officer,ATS-Chester Engineers, Inc.,Pittsburgh, Pennsylvania

Term expiresDec. 31

2006

2007

2005

2006

2007

DISTRICT 5—RICHMOND

Chairman, Branch Banking & Trust Co. of Virginia,Falls Church, Virginia

Senior Advisor, FNB Southeast,Greensboro, North Carolina

President, Cardinal Bank Washington, Washington, D.C

President and Chief Executive Officer,Triana Energy, Inc., Charleston, West Virginia

President and Chief Executive Officer,Ken Sparks Associates LLC, White Stone, Virginia

State President—South Carolina, BellSouth,Columbia, South Carolina

Director, National Investment Managers, Inc.,Warrenton, Virginia

Executive Vice President and Chief Financial Officer,Landmark Communications, Inc.,Norfolk, Virginia

Chief Financial Officer, Jefferson-Pilot Corporation;President, Jefferson-Pilot Communications Company,Greensboro, North Carolina

Director, Economic and Workforce Development,Towson University, Towson, Maryland

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

Chairman and President, Community Bankof Tri-County, Waldorf, Maryland

2005

2006

2007

2005

2006

2007

2005

2006

2007

2005

2006

2006


2005



Donald P. Hutchinson


Cynthia Collins Allner

William C. Handorf

William R. Roberts

CHARLOTTE BRANCHAppointed by theFederal Reserve Bank

Lucy J. Reuben

Michael C. Miller

Donald K. Truslow

Barry L. Slider


Michael A. Almond

Jim Lowry

Anthony J. DiGiorgio

RESERVE BANKClass A

Richard G. Hickson

William G. Smith, Jr.

James F. Beall

Class BEgbert L.J. Perry

Teri G. Fontenot

Lee M. Thomas

Title

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

Principal, Miles & Stockbridge P.C.,Baltimore, Maryland

Professor of Finance, George Washington University,Washington, D.C.

President, Verizon Maryland Inc., Baltimore, Maryland

Visiting Fellow, Duke University,Durham, North Carolina

Chairman and President, FNB Corp. and First NationalBank and Trust Company, Asheboro, North Carolina

Chief Risk Officer, Wachovia Corporation,Charlotte, North Carolina

President and Chief Executive Officer,First South Bancorp, Inc.,Spartanburg, South Carolina

Counsel, Parker Poe Adams & Bernstein LLP,Charlotte, North Carolina

Dealer Operator (Retired), Crown Automotive,High Point, North Carolina

President, Winthrop University,Rock Hill, South Carolina

Term expiresDec. 31

2007

2005

2006

2007

2005

2006

2006

2007

2005

2006

2007

DISTRICT 6—ATLANTA

Chairman and Chief Executive Officer, TrustmarkCorporation, Jackson, Mississippi

Chairman, 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,Woman's Hospital, Baton Rouge, Louisiana

President and Chief Operating Officer,Georgia-Pacific Corporation, Atlanta, Georgia

2005

2006

2007

2005

2006

2007


2005



BANK or BRANCH, Category

Name

Class CV. Larkin MartinD. Scott Davis

David M. Ratcliffe

BIRMINGHAM BRANCH


John H. Holcomb III

Samuel F. Dodson

Bobby A. Bradley

John B. Barnett HI


James H. Sanford

W. Miller Welborn

Maryam B. Head

JACKSONVILLE BRANCHAppointed by theFederal Reserve Bank

Jerry M. Smith

Robert L. Fisher

Ellen S. TitenJack B. Healan, Jr.


Fassil Gabremariam

Linda H. Sherrer

H. Britt Landram, Jr.

Title

Managing Partner, Martin Farm, Courtland, AlabamaChief Financial Officer, United Parcel Service,

Atlanta, GeorgiaChairman, President, and Chief Executive Officer,

Southern Company, Atlanta, Georgia

Chairman and Chief Executive Officer, AlabamaNational Bancorporation, Birmingham, Alabama

Business Manager, International Union of OperatingEngineers—Local 312, Birmingham, Alabama

Managing Partner, Lewis Properties, LLC and AndersonInvestments, LLC, Athens, Alabama

Monroeville Chairman and President, BankTrust,Monroeville, Alabama

Chairman of the Board, HOME Place Farms, Inc.,. Prattville, Alabama

President, Welborn and Associates, Inc.,Lookout Mountain, Tennessee

President, Ram Tool and Supply Company, Inc.,Birmingham, Alabama

Chairman of Alachua County Community Board,Capital City Bank, Alachua, Florida

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

President, E.T. Consultants, Winter Park, FloridaPresident, Amelia Island Plantation Company,

Amelia Island, Florida

President and Founder, US-Africa Free EnterpriseEducation Foundation, Tampa, Florida

President and Chief Executive Officer,Prudential Network Realty, Jacksonville, Florida

President and Chief Executive Officer,AmStaff Human Resources, Inc., Pensacola, Florida

Term expiresDec. 31

20052006

2007

2005

2006

2006

2007

2005

2006

2007

2005

2006

20062007

2005

2006

2007


2005



MIAMI BRANCHAppointed by theFederal Reserve Bank

Francis V. Gudorf

Joseph C. Schwartzel

Miriam Lopez

Dennis S. Hudson III


Edwin A. Jones, Jr.

Brian E. Keeley

Gay Rebel Thompson

NASHVILLE BRANCHAppointed by theFederal Reserve Bank

Michael B. SwainJames W. Spradley, Jr.

Daniel A. Gaudette

Ed C. Loughry, Jr.


Beth Dortch Franklin

David Williams II

Debra K. London

NEW ORLEANS BRANCHAppointed by theFederal Reserve Bank

C.R. Cloutier

Lawrence E. Kurzius

Christel C. SlaughterDavid E. Johnson

Title

President/Executive Director, Jubilee CommunityDevelopment Corporation, Miami, Florida

President, Meridian Broadcasting, Inc.,Fort Myers, Florida

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

Chairman and Chief Executive Officer, SeacoastBanking Corporation of Florida, Stuart, Florida

President, Angus Investments, Inc.,Port St. Lucie, Florida

President and Chief Executive Officer,Baptist Health South Florida, Coral Gables, Florida

President and Chief Executive Officer,Cement Industries, Inc., Fort Myers, Florida

Chairman, First National Bank, Oneida, TennesseePresident and Chief Executive Officer,

Standard Candy Company, Inc., Nashville, TennesseeSenior Vice President, North American Manufacturing

and Quality Assurance, Nissan North America, Inc.,Smyrna, Tennessee

Chairman and Chief Executive Officer,Cavalry Banking, Murfreesboro, Tennessee

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

Vice Chancellor and General Counsel,Vanderbilt University, Nashville, Tennessee

President and Chief Executive Officer,St. Mary's Health System, Knoxville, Tennessee

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

President, U.S. Consumer Foods, McCormick &Company, Incorporated, Baltimore, Maryland

Partner, SSA Consultants, LLC, Baton Rouge, LouisianaChairman and Chief Executive Officer,

The First Bancshares, Inc., andThe First, A National Banking Association,Hattiesburg, Mississippi

Term expiresDec. 31

2005

2005

2006

2007

2005

2006

2007

20052006

2006

2007

2005

2006

2007

2005

2006

i 20062007


2005





EarlL.Shipp

BenTomRoberts

Dave Dennis

RESERVE BANKClass A

William A. Osborn

Michael L. Kubacki

JeffPlagge

Class BConnie E. Evans

Mark T. GafrheyMindy C. Meads

Class CJohn A. Canning, Jr.

W. James FarrellMilesD.White

DETROIT BRANCHAppointed by theFederal Reserve Bank

Tommi A. White

Linda S. Likely

Ralph W.Babb, Jr.

Michael M. Magee, Jr.


Edsel B. Ford II

llllc

Global Business Vice President for Oxides and Glycols,The Dow Chemical Company, Midland, Michigan

President, Roberts Brothers Commercial and PropertyManagement, Inc., Realtors, Mobile, Alabama

President and Chief Executive Officer,Specialty Contractors & Assoc., Inc.,Gulfport, Mississippi

Term expiresDec. 31

2005

2006

2007

DISTRICT 7—CHICAGO

Chairman and Chief Executive Officer, Northern TrustCorporation and The Northern Trust Company,Chicago, Illinois

Chairman, President, and Chief Executive Officer,Lakeland Financial Corporation,Warsaw, Indiana

President and Chief Executive Officer, The FirstNational Bank of Waverly, Waverly, Iowa

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

President, Michigan AFL-CIO, Lansing, MichiganFormer President and Chief Executive Officer,

Lands' End, Inc., Dodgeville, Wisconsin

Chairman and Chief Executive Officer,Madison Dearborn Partners, Inc., Chicago, Illinois

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

Abbott Laboratories, Abbott Park, Illinois

Chief Operating Officer, Compuware Corporation,Detroit, Michigan

Director of Housing & Community Development,Kent County Community Development Department& Housing Commission, Grand Rapids, Michigan

Chairman, President, and Chief Executive Officer,Comerica Incorporated, Detroit, Michigan

President and Chief Executive Officer,Independent Bank Corporation, Ionia, Michigan

Board Director, Ford Motor Company,Dearborn, Michigan

2005

2006

2007

2005

20062007

2005

20062007

2005

2005

2006

2007

2005


2005



Roger A. Cregg

IrvinD.Reid

RESERVE BANKClass A

Lunsford W. Bridges

David R. Pirsein

Lewis F. Mallory, Jr.

Class BVacancyA. Rogers Yarnell, II

Paul T. Combs

Class CGayle RW. Jackson

Walter L. Metcalfe, Jr.Irl F. Engelhardt

LITTLE ROCK BRANCHAppointed by theFederal Reserve Bank

David R.Estes

Robert A. Young III

Raymond E. Skelton

Sharon Priest


Stephen M. Erixon

Scott T. Ford

Sonja Yates Hubbard

LOUISVILLE BRANCHAppointed by theFederal Reserve Bank

Marjorie Z. Soyugenc

Title

Executive Vice President and Chief Financial Officer,Pulte Homes, Inc., Bloomfield Hills, Michigan

President, Wayne State University, Detroit, Michigan

Term expiresDec. 31

2006

2007

DISTRICT 8—ST. LOUIS

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

President and Chief Executive Officer, First NationalBank in Pinckneyville, Pinckneyville, Illinois

Chairman and Chief Executive Officer,NBC Capital Corporation, Starkville, Mississippi

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

President, Baker Implement Company,Kennett, Missouri

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

Partner, Bryan Cave LLP, St. Louis, MissouriChairman and Chief Executive Officer, Peabody Energy,

St. Louis, Missouri

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

Chairman, President, and Chief Executive Officer,Arkansas Best Corporation, Fort Smith, Arkansas

Retired Regional President, U.S. Bank,North Little Rock, Arkansas

Executive Director, The Downtown Partnership,Little Rock, Arkansas

Chief Executive Officer, Baxter Regional MedicalCenter, Mountain Home, Arkansas

President and Chief Executive Officer,ALLTEL Corporation, Little Rock, Arkansas

Chief Executive Officer, E-Z Mart Stores, Inc.,Texarkana, Texas

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

2005

2006

2007

20052006

2007

2005

20062007

2005

2005

2006

2007

2005

2006

2007

2005


2005




Name

L. Clark Taylor, Jr.

Gordon B. Guess

Steven E. Trager


John L. Huber

Norman E. Pfau, Jr.

Cornelius A. Martin

MEMPHIS BRANCH


James A. England

Levon MathewsDavid P. Rumbarger, Jr.

Thomas G. Miller


Meredith B. Allen

Russell GwatneyJ.W.GibsonH

RESERVE BANK

Class ARobert Dickson

Douglas C. Morrison

John H. Hoeven, Jr.

Class BRandy Peterson

D. Greg Heineman

1 lllC

Chief Executive Officer, Ephraim McDowell Health,Danville, Kentucky

Chairman, President, and Chief Executive Officer,The Peoples Bank, Marion, Kentucky

Chairman and Chief Executive Officer, RepublicBank & Trust Company, Louisville, Kentucky

President and Chief Executive Officer,Louisville Water Company, Louisville, Kentucky

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

President and Chief Executive Officer, MartinManagement Group, Bowling Green, Kentucky

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

President, Regions Bank, Memphis, TennesseePresident and Chief Executive Officer, Community

Development Foundation, Tupelo, MississippiPresident, Southern Hardware Company, Inc.,

West Helena, Arkansas

Vice President, Marketing, Staple Cotton CooperativeAssociation, Greenwood, Mississippi

President, Gwatney Companies, Memphis, TennesseeOwner and Chief Executive Officer, Gibson Companies,

Memphis, Tennessee

Term expiresDec. 31

2005

2006

2007

2005

2006

2007

2005

20052006

2007

2005

20062007

DISTRICT 9—MINNEAPOLIS

Chairman and Chief Executive Officer, The FirstNational Bank of Fairfax, Fairfax, Minnesota

Chief Financial Officer, Citibank (South Dakota) N.A.,Sioux Falls, South Dakota

Chairman, First Western Bank & Trust,Minot, North Dakota

General Manager, Precision Edge SurgicalProducts Co., LLC, Sault Ste. Marie, Michigan

Chairman, Williams Insurance Agency,Sioux Falls, South Dakota

2005

2006

2007

2005

2006


2005



Todd L. Johnson

Class CLinda Hall Whitman

James J. Hynes

Frank L. Sims

HELENA BRANCHAppointed by theFederal Reserve Bank

RonaldD. Scott

Marilyn F. Wessel

JoyN.Ott


Lawrence R. SimkinsDean Folkvord

RESERVE BANKClass A

Rick L. Smalley

Mark W. Schifferdecker . . . .

Robert C. Fricke

Class BDan L. Dillingham

Kevin K. NunninkFrank Moore

Class CLu M. Cordova

Robert A. Funk

Title

President and Chief Executive Officer,Reuben Johnson & Son, Inc. & Affiliated Companies,Superior, Wisconsin

Chief Operating Officer, MinuteClinic,Minneapolis, Minnesota

Executive Administrator, Twin City Pipe Trades ServiceAssociation, St. Paul, Minnesota

Corporate Vice President, Transportation, Cargill, Inc.,Wayzata, Minnesota

President and Chief Executive Officer,The First State Bank of Malta, Malta, Montana

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, Washington Corporations, Missoula, MontanaPresident and Chief Executive Officer, Wheat Montana

Farms and Bakery, Three Forks, Montana

Term expiresDec. 31

2007

2005

2006

2007

2005

2006

2006

20052006

DISTRICT 10—KANSAS CITY

Chief Executive Officer, Dickinson FinancialCorporation, Kansas City, Missouri

President and Chief Executive Officer, Girard NationalBank, Girard, Kansas

President and Chief Executive Officer, Farmers &Merchants National Bank, Ashland, Nebraska

Chief Executive Officer, Dillingham Insurance,Enid, Oklahoma

Chairman, Integra Realty Resources, Westwood, KansasPresident, Spearhead Ranch Company,

Douglas, Wyoming

Chief Executive Officer, Corlund Industries;Chairman, CTEK Angels, Boulder, Colorado

Chairman and Chief Executive Officer,Express Personnel Services International,Oklahoma City, Oklahoma

2005

2006

2007

2005

20062007

2005

2006


2005




Richard H. Bard

DENVER BRANCHAppointed by theFederal Reserve Bank

Virginia K. BerkeleyJames A. Helzer

John D. Pearson

Michael R. Stanford


Kathleen Avila

Thomas Williams ...

Kristy A. Schloss

OKLAHOMA CITY BRANCHAppointed by theFederal Reserve Bank

Fred M. Ramos

Richard K. RatcliffeRobert R. Gilbert, m

Terry M.Almon


Michael J. Packnett

Tyree O. Minner

J. Larry Nichols

OMAHA BRANCHAppointed by theFederal Reserve Bank

Judith A. Owen

Rodrigo Lopez

Titlp1 ltlC

Chairman and Chief Executive Officer,International Surface Preparation Corporation,Golden, Colorado

President, CoBiz Bank, N.A., Denver, ColoradoPresident and Chief Executive Officer,

Unicover Corporation, Cheyenne, WyomingReal Estate Broker/Owner, Pearson Real Estate

Co., Inc., Buffalo, WyomingPresident and Chief Executive Officer,

First State Bancorporation,Albuquerque, New Mexico

Managing Member, Avila Retail Development &Management, Albuquerque, New Mexico

President and Chief Executive Officer,Williams Group LLC, Golden, Colorado

President and Chief Executive Officer,Schloss Engineered Equipment, Inc.,Aurora, Colorado

President, Tulsa Hispanic Chamber of Commerce,Tulsa, Oklahoma

Chairman, Ratcliffe's Inc., Weatherford, OklahomaPresident and Chief Operating Officer,

The F&M Bank & Trust Company, Tulsa, OklahomaPresident and Chief Executive Officer, Arkansas

Valley State Bank, Broken Arrow, Oklahoma

President and Chief Executive Officer,Mercy Health System of Oklahoma, Inc.,

Oklahoma City, OklahomaPlant Manager, General Motors Assembly Plant,

Oklahoma City, OklahomaChairman and Chief Executive Officer, Devon Energy

Corporation, Oklahoma City, Oklahoma

Retired President and Chief Executive Officer,Wells Fargo Bank, Nebraska, Omaha, Nebraska

President and Chief Executive Officer, AmeriSphereMultifamily Finance, LLC, Omaha, Nebraska

Term expiresDec. 31

2007

20052006

2006

2007

2005

2006

2007

2005

20062007

2007

2005

2006

2007

2005

2006


2005


B A N K or BRANCH, CategoryName

Michael J. Nelson

CynthiaHardinMilligan . . .


James A. Timmerman

Charles R. Hermes

Terry L. Moore

RESERVE BANKClass A

Richard W. Evans, Jr.

Matthew T. Doyle

David S. Barnard

Class BMalcolm Gillis

Judy Ley AllenRobert A. Estrada

Class CPatricia M. PattersonAnthony R. Chase

RayL.Hunt

EL PASO BRANCHAppointed by theFederal Reserve Bank

Pete Cook

Fred J. LoyaGerald J. Rubin

F. James Volk


Ron C. Helm

William V. Flores

line

Chairman, FirsTier Bank, Kimball, NebraskaDean—College of Business Administration,

University of Nebraska-Lincoln, Lincoln, Nebraska

Chief Financial Officer and Secretary/Treasurer,Timmerman and Sons Feeding Company,Springfield, Nebraska

President, Dutton-Lainson Company,Hastings, Nebraska

President, Omaha Federation of Labor,Omaha, Nebraska

Term expiresDec. 31

20062007

2005

2006

2007

DISTRICT 11—DALLAS

Chairman and Chief Executive Officer,Cullen/Frost Bankers, Inc., San Antonio, Texas

Vice Chairman and Chief Executive Officer,Texas First Bank, Texas City, Texas

Chairman and Chief Executive Officer,National Banks of Central Texas, Gatesville, Texas

University Professor and Zingler Professorof Economics, Rice University, Houston, Texas

Partner, Allen Investments, Houston, TexasChairman and Chief Executive Officer,

Estrada Hinojosa & Company, Inc., Dallas, Texas

President, Patterson Investments, Inc., Dallas, TexasChairman and Chief Executive Officer, ChaseCom, LP,

Houston, TexasChairman, President, and Chief Executive Officer,

Hunt Consolidated, Inc., Dallas, Texas

President and Chief Executive Officer, First NationalBank of Alamogordo, Alamogordo, New Mexico

Chairman, Fred Loya Insurance, El Paso, TexasChairman, President, and Chief Executive Officer,

Helen of Troy Limited, El Paso, TexasRegional President, State National Bank, El Paso, Texas

Owner, Helm Land and Cattle Company,Van Horn, Texas

Provost, New Mexico State University,Las Cruces, New Mexico

2005

2006

2007

2005

20062007

20052006

2007

2005

20052006

2007

2005

2006


2005




Cecilia Ochoa Levine

HOUSTON BRANCHAppointed by theFederal Reserve Bank

Priscilla D. SladeS. Reed Morian

Timothy N. Bryan

Jodie L. Jiles


Lupe Fraga

Nancy T. Chang

James T. Hackett

SAN ANTONIO BRANCHAppointed by theFederal Reserve Bank

MattF. Gorges

Daniel B. Hastings, Jr.

Steven R. VandegriftJames D. Goudge


Elizabeth Chu Richter

J.DanBates

RicardoRomo

RESERVE BANKClass A

Candace Hunter Wiest

VacancyRichard W. Decker, Jr.

Tttlp1111C

President, MFI International Mfg., LLC,El Paso, Texas

President, Texas Southern University, Houston, TexasChairman, President, and Chief Executive Officer,

DX Service Company, Inc., Houston, TexasChairman and Chief Executive Officer,

The First National Bank of Bryan, Bryan, TexasSenior Vice President, First Albany Capital, Inc.,

Houston, Texas

Chairman and Chief Executive Officer, Tejas OfficeProducts, Inc., Houston, Texas

President and Chief Executive Officer, Tanox, Inc.,Houston, Texas

President and Chief Executive Officer,Anadarko Petroleum Corporation, Houston, Texas

Chairman and Chief Executive Officer, ValleyInternational Cold Storage, Inc., Harlingen, Texas

President and Owner, Daniel B. Hastings, Inc.,Laredo, Texas

Founder and President, SRV Holdings, Austin, TexasChairman & Chief Executive Officer, Broadway

National Bank, San Antonio, Texas

Chairman and Chief Executive Officer,Richter Architects, Corpus Christi, Texas

President, Southwest Research Institute,San Antonio, Texas

President, The University of Texas at San Antonio,San Antonio, Texas

Term expiresDec. 31

2007

20052005

2006

2007

2005

2006

2007

2005

2005

20062007

2005

2006

2007

DISTRICT 12—SAN FRANCISCO

President, Inland Empire National Bank,Riverside, California

Chairman and Co-Founder, Belvedere CapitalPartners, LLC, San Francisco, California

2005

20062007


2005



Class BKarla S. Chambers

Barbara L. Wilson

Jack McNally

Class CGeorge M. Scalise

T. Gary Rogers

David K.Y. Tang

Los ANGELES BRANCHAppointed by theFederal Reserve Bank

Peter M. Thomas

D. Linn Wiley

Karen B. Caplan

Dominic Ng


Diane Donoghue

Anita Santiago

James L. Sanford

PORTLAND BRANCHAppointed by theFederal Reserve Bank

William D. Thorndike, Jr. ..George J. Puentes

Robert D. Sznewajs

Alan V. Johnson


Peter O. Kohler

Vacancy

1 lllc

Vice President, Stahlbush Island Farms, Inc.,Corvallis, Oregon

Consultant; and Regional Vice President (Retired),Qwest Communications, Boise, Idaho

Principal, JKM Consulting, Sacramento, California

President, Semiconductor Industry Association,San Jose, California

Chairman and Chief Executive Officer,Dreyer's Grand Ice Cream, Inc., Oakland, California

Partner, Preston Gates & Ellis LLP, Seattle, Washington

Managing Partner, Thomas & Mack Company,Las Vegas, Nevada

President and Chief Executive Officer,Citizens Business Bank, Ontario, California

President and Chief Executive Officer,Frieda's, Inc., Los Alamitos, California

Chairman, President, and Chief Executive Officer,East West Bank, San Marino, California

Executive Director, Esperanza Community HousingCorporation, Los Angeles, California

President, Anita Santiago Advertising,Santa Monica, California

Corporate Vice President and Treasurer, NorthropGrumman Corporation, Los Angeles, California

President, Medford Fabrication, Medford, OregonPresident, Don Pancho Authentic Mexican Foods, Inc.,

Salem, OregonPresident and Chief Executive Officer,

West Coast Bancorp, Lake Oswego, OregonRegional President for Oregon and Southwest

Washington, Wells Fargo Bank, Portland, Oregon

President, Oregon Health & Science University,Portland, Oregon

Term expiresDec. 31

2005

2006

2007

2005

2006

2007

2005

2006

2006

2007

2005

2006

2007

20052005

2006

2007

2005

2006


2005




JamesH.Rudd

SALT LAKE CITY BRANCHAppointed by theFederal Reserve Bank

A. Scott Anderson

Deborah Bayle Nielsen

Annette K. Herman

Michael M. Mooney


H. Roger BoyerWilliam C. GlynnGary L. Crocker

SEATTLE BRANCHAppointed by theFederal Reserve Bank

MaryE.Pugh

Kenneth M. Kirkpatrick . . . .

Helvi K. Sandvik

Blake W. Nordstrom


James R. Gill

David W.Wyckoff

Mic R. Dinsmore

Title

Chief Executive Officer and Principal, FergusonWellman Capital Management, Inc., Portland, Oregon

President and Chief Executive Officer, Zions Bank,Salt Lake City, Utah

President and Chief Executive Officer,United Way of Salt Lake, Salt Lake City, Utah

Vice President, Strategic Initiatives Uniprise,UnitedHealth Group, Salt Lake City, Utah

President and Chief Executive Officer,Farmers & Merchants State Bank, Boise, Idaho

Chairman, The Boyer Company, Salt Lake City, UtahPresident, Intermountain Industries, Inc., Boise, IdahoChairman of the Board, Merrimack Pharmaceuticals,

Salt Lake City, Utah

President, Pugh Capital Management, Inc.,Seattle, Washington

President, Washington State, U.S. Bank,Seattle, Washington

President, NANA Development Corp.,Anchorage, Alaska

President, Nordstrom, Inc., Seattle, Washington

President, Pacific Northwest Title Holding Co.,Seattle, Washington

Chairman and Chief Executive Officer,Wyckoff Farms, Inc., Grandview, Washington

Chief Executive Officer, Port of Seattle,Seattle, Washington

Term expiresDec. 31

2007

2005

2005

2006

2007

200520062007

2005

2005

2006

2007

2005

2006

2007


2005

Members of the Board of Governors, 1913-2005 253

Members of the Board of Governors, 1913-2005

Appointed Members

Name Federal ReserveDistrict

Date initially tookoath of office Other dates1

Charles S. Hamlin

Paul M. WarburgFrederic A. DelanoW.P.G. HardingAdolph C. Miller

Albert StraussHenry A. MoehlenpahEdmund Platt

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

Edward H. CunninghamRoy A. YoungEugene MeyerWaylandWMageeEugene R. BlackM.S. Szymczak

JJ. 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

C. Canby BalderstonPaul E. Miller

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

PhiladelphiaMinneapolis

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

Aug. 12,1954Aug. 13,1954

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.Served through Feb. 28, 1966.Died Oct. 21, 1954.


2005


Appointed Members—Continued

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

Federal ReserveDistrict

DallasAtlanta

Chicago

RichmondSan FranciscoPhiladelphiaDallas

New York

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

Date initially tookoath of office

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,

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, 1986.2Died 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.Resigned August 31,2005.

Resigned June 21, 2005.


2005



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

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. 9,1922May 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, 193^-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.

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.


2005

256

Ex

92nd Annual Report,

OfiBcio Members

Name

2005

Term

Secretaries of the TreasuryW.G. McAdooCarter GlassDavid F. HoustonAndrew W. MellonOgdenL. 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. 20,1932Mayl l , 1933-Feb. 1,1936


2005

240 93rd Annual Report, 2006


Officers

BANK or Branch

BOSTON2

NEWYORK2

Buffalo

PHILADELPHIA

CLEVELAND2


RICHMOND

BaltimoreCharlotte

ATLANTA


CHICAGO2

Detroit

ST. LOUIS


Memphis

MINNEAPOLIS

Helena

Chairman1

Deputy Chairman

Blenda J. WilsonLisa M. Lynch

John E. SextonJerry I. Speyer

Alphonso O'Neil-White

Doris M. DammWilliam F. Hecht

Charles E. BunchTanny B. Crane

James M. AndersonRoy W. Haley

Thomas J. Mackell, Jr.Theresa M. Stone

William C. HandorfJimLowry

David M. RatcliffeV. Larkin Martin

W. Miller WelbornLinda H. SherrerBrian E. KeeleyDavid Williams IIBen Tom Roberts

Miles D. WhiteJohn A. Canning, Jr.

Roger A Crecc

Walter L. Metcalfe, Jr.Irl F. Engelhardt

Sonja Yates HubbardJohn L. Huber

Russell Gwatney

Frank L. SimsJames J. Hynes

Dean Folkvord


Cathy E. MinehanPaul M. Connolly


Cumming

Charles I. PlosserWilliam H. Stone, Jr.

Sandra PianaltoR. Chris Moore

Jeffrey M. LackerSarah G. Green

VacantPatrick K. Barron3

Michael H. MoskowGordon Werkema

William PooleDavid A. Sapenaro



Kausar Hamdani




Glenn Hansen



Samuel H. Gane


2006






KANSAS CITY

DenverOklahoma CityOmaha

DALLAS

El PasoHoustonSan Antonio ,

SAN FRANCISCO 2


Robert A. FunkLu M. Cordova

Thomas WilliamsRichard K. RatcliffeJames A. Timmerman

Ray L. HuntAnthony R. Chase

Ron C. HelmLupe FragaElizabeth Chu Richter

David K.Y. TangT. Gary Rogers

James L. SanfordJames H. RuddWilliam C. GlynnMic R. Dinsmore

Thomas M. HoenigRichard K. Rasdall, Jr.

Richard W FisherHelen E. Holcomb

Janet L. YellenJohn F. Moore

Michael OrlandoChad WilkersonJason Henderson

Robert W GilmerRobert Smith IIID. Karen Diaz

Mark L. MullinixMary E. LeeAndrea P. WolcottMark A. Gould



York; East Rutherford, New Jersey; Des Moines, Iowa;Midway at Bedford Park, Illinois; and Phoenix, Arizona.

3. Served as acting president as of October 1, 2006,following the retirement of Jack Guynn.

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, also attended by the deputy chairmen,were held in Washington, D.C., on May 31and June 1, and on November 29 and 30,2006.

The members of the executive com-mittee of the Conference of Chairmen dur-ing 2006 were John E. Sexton, chair; CharlesE. Bunch, vice chair; and Robert A. Funk,member.

On November 30, the conference electedits executive committee for 2007, namingRobert A. Funk as chair; V. Larkin Martin asvice chair; and Miles D. White as the thirdmember.

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.

Cathy E. Minehan, president of the Fed-eral Reserve Bank of Boston, served as chairof the conference in 2006, and SandraPianalto, president of the Federal ReserveBank of Cleveland, served as vice chair.Jacqueline P. Palladino, of the FederalReserve Bank of Boston, served as secretary,and Gregory L. Stefani, of the FederalReserve Bank of Cleveland, served as assis-tant secretary.

On November 1, 2006, the conferenceelected Sandra Pianalto as chair for 2007-08and Jeffrey M. Lacker, president of the Fed-eral Reserve Bank of Richmond, as vicechair.


2006


Conference ofFirst Vice 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.

Helen E. Holcomb, first vice president ofthe Federal Reserve Bank of Dallas, servedas chair of the conference in 2006, and JamesM. Lyon, first vice president of the FederalReserve Bank of Minneapolis, served as vicechair. Harvey R. Mitchell, of the FederalReserve Bank of Dallas, served as secretary,and Sheryl Britsch, of the Federal ReserveBank of Minneapolis, served as assistantsecretary.

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.

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 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.


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 are shown.


2006


Directors


RESERVE BANKClass A

Peter A. Blyberg

Ronald E. Logue

Kathleen C. Marcum

Class BKirkRPond

Robert K. Kraft

Michael T. Wedge

Class CLisa M. Lynch

Samuel O. Thier, M.D

Blenda J. Wilson

RESERVE BANKClass A

Sanford I. Weill

Jill M. Considine

Charles V. Wait

Class BIndra K. Nooyi

Richard S. Fuld, Jr.

Jeffrey R. Immelt


DISTRICT 1—BOSTON

President and Chief Executive Officer, 2006Union Trust Company, Ellsworth, Maine

Chairman and Chief Executive Officer, 2007State Street Corporation, Boston, Massachusetts

President and Chief Executive Officer, Millbury 2008National Bank, Millbury, Massachusetts

Former President, Chief Executive Officer, 2006and Chairman, Fairchild Semiconductor International,South Portland, Maine

Chairman and Chief Executive Officer, 2007The Kraft Group, Foxborough, Massachusetts

Former President and Chief Executive Officer, 2008BJ's Wholesale Club, Inc., Natick, Massachusetts

William L. Clayton Professor of International 2006Economic Affairs, The Fletcher School of Lawand Diplomacy, Tufts University, Medford,Massachusetts

Professor of Medicine and Professor of Health Care 2007Policy-Harvard Medical School, MassachusettsGeneral Hospital, Boston, Massachusetts

Former President and Chief Executive Officer, 2008Nellie Mae Education Foundation,Quincy, Massachusetts


Chairman Emeritus, Citigroup Inc., New York, 2006New York

Chairman, The Depository Trust Company, 2007New York, New York

President, Chief Executive Officer, and Chairman, 2008The Adirondack Trust Company,Saratoga Springs, New York

President and Chief Executive Officer, 2006PepsiCo, Inc., Purchase, New York

Chairman and Chief Executive Officer, 2007Lehman Brothers, New York, New York

Chairman and Chief Executive Officer, 2008General Electric Company, Fairfield, Connecticut


2006




Class CJerry I. Speyer

John E. SextonDenis M. Hughes

BUFFALO BRANCHAppointed by theFederal Reserve Bank

Maureen Torrey Marshall ..Peter G. Humphrey

VacancyJoseph J. Ashton


Alphonso O'Neil-White . . . .

James P. Laurito

Vacancy

RESERVE B A N KClass A

Eugene W. Rogers

Wayne R. Weidner

John G. Gerlach

Class BGarry L. Maddox

P. Coleman Townsend, Jr. ..

Vacancy

Class CWilliam F. Hecht

Doris M. Damm

Charles P. Pizzi

1111C

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

President, New York University, New York, New YorkPresident, New York State AFL-CIO, New York,

New York

Vice President, Torrey Farms, Inc., Elba, New YorkPresident and Chief Executive Officer,

Financial Institutions, Inc. and Five Star Bank,Warsaw, New York

Regional Director-Region 9, United Auto Workers,Amherst, New York

President and Chief Executive Officer,HealthNow New York Inc., Buffalo, New York

President and Chief Executive Officer,Rochester Gas and Electric Corporation and NewYork State Electric and Gas Corporation, Rochester,New York

Term expiresDec. 31

2006

20072008

20062006

20072008

2006

2007

2008


Director and Chief Executive Officer, NewfieldNational Bank, Newfield, New Jersey

Chairman, National Penn Bancshares, Inc.,Boyertown, Pennsylvania

President and Chief Executive Officer, PoconoCommunity Bank, Stroudsburg, Pennsylvania


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

Retired Chairman, President, and Chief ExecutiveOfficer, PPL Corporation, Allentown, Pennsylvania


President and Chief Executive Officer, TastyBaking Company, Philadelphia, Pennsylvania

2006

2007

2008

2006

2007

2008

2006

2007

2008


2006



RESERVE BANKClass A

Stephen P. Wilson

Henry L. Meyer, III

Bick Weissenrieder

Class BV. Ann Hailey

Les C. Vinney

Edwin J. Rigaud

Class CTanny B. Crane

Charles E. Bunch

Alfred M. Rankin, Jr.

CINCINNATI BRANCHAppointed by theFederal Reserve Bank

Charlotte W. Martin

James H. BoothJanet B. Reid

Glenn D. Leveridge


Charles Whitehead

Herbert R. Brown

James M. Anderson

PITTSBURGH BRANCHAppointed by theFederal Reserve Bank

Kristine N. Molnar



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

Chairman and Chief Executive Officer,KeyCorp, Cleveland, Ohio

Chairman and Chief Executive Officer,Hocking Valley Bank, Athens, Ohio

Executive Vice President, Corporate Development,Limited Brands, Columbus, Ohio

President and Chief Executive Officer,STERIS Corporation, Mentor, Ohio

President and Chief Executive Officer,Enova Partners, LLC, Cincinnati, Ohio

President and Chief Executive Officer, Crane GroupCompany, Columbus, Ohio

Chairman and Chief Executive Officer,PPG Industries, Inc., Pittsburgh, Pennsylvania

Chairman, President and Chief Executive Officer,NACCO Industries, Inc., Cleveland, Ohio

President and Chief Executive Officer, Great LakesBankers Bank, Gahanna, Ohio

President, Czar Coal Corporation, Lovely, KentuckyManaging Partner, Global Lead Management

Consulting, Cincinnati, OhioPresident, Lexington Market, JPMorgan Chase Bank,

NA, Lexington, Kentucky

Retired President, Ashland Inc. Foundation,Covington, Kentucky


President and Chief Executive Officer, CincinnatiChildren's Hospital Medical Center, Cincinnati, Ohio

Executive Vice President, WesBanco Bank, Inc.,Wheeling, West Virginia

2006

2007

2008

2006

2007

2008

2006

2007

2008

2006

20072008

2008

2006

2007

2008

2006


2006




Michael J. Hagan

Sunil T. Wadhwani

Georgiana N. Riley


James I. Mitnick

Robert O. Agbede

RoyW.Haley

RESERVE BANKClass A

Ernest J. Sewell

Kathleen Walsh Carr

Hunter R. Hollar

Class BKenneth R. Sparks

Harry M. Lightsey, III

Dana S. Boole

Class CLemuel E. Lewis

Theresa M. Stone

Thomas J. Mackell, Jr.

BALTIMORE BRANCHAppointed by theFederal Reserve Bank

Kenneth C. Lundeen



Titip

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

Chief Executive Officer and Co-founder,iGATE Corporation, Pittsburgh, Pennsylvania

President and Chief Executive Officer,TIGG Corporation, Bridgeville, Pennsylvania

Senior Vice President, Turner Construction Company,Pittsburgh, Pennsylvania

President and Chief Executive Officer, ATS-ChesterEngineers, Inc., Pittsburgh, Pennsylvania

Chairman and Chief Executive Officer, WESCOInternational, Inc., Pittsburgh, Pennsylvania

Term expiresDec. 31

2007

2008

2008

2006

2007

2008


Senior Advisor, FNB Southeast, Greensboro,North Carolina

President, Cardinal Bank Washington, Washington,D.C.

President and Chief Executive Officer, Sandy SpringBancorp, Sandy Spring Bank, Olney, Maryland

President and Chief Executive Officer,Ken Sparks Associates LLC, White Stone, Virginia

State President-South Carolina, BellSouth,Columbia, South Carolina

President and Chief Executive Officer,Community Affordable Housing Equity Corporation,Raleigh, North Carolina

Director, Landmark Communications, Inc.,Norfolk, Virginia

President (Retired), Lincoln Financial Media,Greensboro, North Carolina

Warrenton, Virginia

President, Environmental Reclamation Company,Baltimore, Maryland

Chairman and President, Community Bankof Tri-County, Waldorf, Maryland

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

2006

2007

2008

2006

2007

2008

2006

2007

2008

2006

2006

2007


2006



Biana J. Arentz


William C. Handorf

William R. RobertsCynthia Collins Allner

CHARLOTTE BRANCH


Michael C. Miller

Donald K. Truslow

Barry L. Slider

James H. Speed, Jr.


Jim Lowry

Anthony J. DiGiorgio

Linda L. Dolny

RESERVE BANKClass A

William G. Smith, Jr.

James F. Beall

L. Phillip Humann

Class BTeri G. Fontenot

Lee M. Thomas

Egbert L.J. Perry

Titl*»1 lllc

President and Chief Executive Officer,Hemingway's Inc., Stevensville, Maryland

Professor of Finance, George Washington University,Washington, D.C.

President, Verizon Maryland Inc., Baltimore, MarylandPrincipal, Miles & Stockbridge PC, Baltimore,

Maryland

Chairman and President, FNB Corp. and First NationalBank and Trust Company, Asheboro, North Carolina

Chief Risk Officer, Wachovia Corporation, Charlotte,North Carolina

President and Chief Executive Officer, First SouthBancorp, Inc., First South Bank,Spartanburg, South Carolina

President and Chief Executive Officer, North CarolinaMutual Life Insurance Company,Durham, North Carolina

Automotive Consultant, High Point,North Carolina

President, Winthrop University, Rock Hill,South Carolina

President, PML Associates, Inc., Greenwood,South Carolina

Term expiresDec. 31

2008

2006

20072008

2006

2006

2007

2008

2006

2007

2008


Chairman, 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, SunTrustBanks, Inc., Atlanta, Georgia

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

Past President and Chief Operating Officer,Georgia-Pacific Corporation, Atlanta, Georgia

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

2006

2007

2008

2006

2007

2008


2006




Class CD. Scott Davis

David M. Ratcliffe

V. Larkin Martin

BIRMINGHAM BRANCHAppointed by theFederal Reserve Bank

Samuel F. Dodson

Bobby A. Bradley

John B. Barnett III

John H. Holcomb III


W. Miller Welborn

Maryam B. Head

James H. Sanford


Robert L. Fisher

Ellen S.TitenJack B. Healan, Jr.

Alan Rowe


Linda H. Sherrer

H. Britt Landrum, Jr

Fassil Gabremariam

1 lllc

Chief Financial Officer and Vice Chairman, UnitedParcel Service, Atlanta, Georgia

Chairman, President, and Chief Executive Officer,Southern Company, Atlanta, Georgia

Managing Partner, Martin Farm, Courtland, Alabama

Business Manager, International Union of OperatingEngineers-Local 312, Birmingham, Alabama

Managing Partner, Lewis Properties, LLC andAnderson Investments, LLC, Huntsville, Alabama

Monroeville President, BankTrust,Monroeville, Alabama


President, Welborn and Associates, Inc.,Lookout Mountain, Tennessee


Chairman of the Board, HOME Place Farms, Inc.,Prattville, Alabama

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

President, E.T. Consultants, Winter Park, FloridaPresident, Amelia Island Plantation Company,

Amelia Island, FloridaPresident and Chief Executive Officer,

First Commercial Bank of Florida,Orlando, Florida

President and Chief Executive Officer,Prudential Network Realty, Jacksonville, Florida

President and Chief Executive Officer,Landrum Human Resource Companies, Inc.,Pensacola, Florida


Term expiresDec. 31

2006

2007

2008

2006

2006

2007

2008

2006

2007

2008

2006

20062007

2008

2006

2007

2008


2006



MIAMI BRANCHAppointed by theFederal Reserve Bank

Miriam Lopez


Francis V. Gudorf

Thomas H. Shea


Brian E. Keeley

Gay Rebel Thompson

Edwin A. Jones, Jr.

NASHVILLE BRANCHAppointed by theFederal Reserve Bank

James W. Spradley, Jr.

Daniel A. Gaudette

M. Terry Turner

Michael B. Swain


David Williams II

Debra K. London

Richard Q. Ford

NEW ORLEANS BRANCHAppointed by theFederal Reserve Bank

Lawrence E. Kurzius

Christel C. SlaughterDavid E. Johnson

J. Herbert Boydstun

Titlp11UC

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


President/Executive Director, Jubilee CommunityDevelopment Corporation, Miami, Florida

Regional Chief Executive Officer-Florida/Caribbean,Right Management, Fort Lauderdale, Florida

President and Chief Executive Officer,Baptist Health South Florida, Coral Gables, Florida

President and Chief Executive Officer,Cement Industries, Inc., Fort Myers, Florida

President, Angus Investments, Inc.,Port St. Lucie, Florida

President and Chief Executive Officer,Standard Candy Company, Inc., Nashville, Tennessee

Senior Vice President, North American Manufacturingand Supply Chain Management, Nissan NorthAmerica, Inc., Smyrna, Tennessee

President and Chief Executive Officer, PinnacleFinancial Partners, Nashville, Tennessee

Chairman, First National Bank, Oneida, Tennessee

Vice Chancellor and General Counsel,Vanderbilt University, Nashville, Tennessee

President and Chief Executive Officer,St. Mary's Health System, Knoxville, Tennessee

President and Chief Executive Officer, The Sage Group,Brentwood, Tennessee

President, U.S. Consumer Foods, McCormick &Company, Incorporated, Baltimore, Maryland

Partner, SSA Consultants, LLC, Baton Rouge, LouisianaChairman and Chief Executive Officer, The First

Bancshares, Inc., and The First, A National BankingAssociation, Hattiesburg, Mississippi

President and Chief Executive Officer,Capital One, N.A., New Orleans, Louisiana

Term expiresDec. 31

2006

2007

2008

2008

2006

2007

2008

2006

2006

2007

2008

2006

2007

2008

2006

i 20062007

2008


2006





Ben Tom Roberts

Dave Dennis

EarlL. Shipp

RESERVE BANKClass A

Michael L. Kubacki

JeffPlagge

William A. Osborn

Class BMark T. GaffheyVacancyValerie B. Jarrett

Class CW. James Farrell

Miles D. White

John A. Canning, Jr.

DETROIT BRANCHAppointed by theFederal Reserve Bank

Ralph W. Babb, Jr.

Michael M. Magee, Jr.

Tommi A. White

Linda S. Likely


President, Roberts Brothers Commercial and Property 2006Management, Inc., Realtors, Mobile, Alabama

President and Chief Executive Officer, 2007Specialty Contractors & Associates, Inc.,Gulfport, Mississippi

President—Dow India, Middle East and Africa, 2008Global Vice President for Oxides and Glycols,The Dow Chemical Company, Dubai,United Arab Emirates


Chairman, President, and Chief Executive Officer, 2006Lakeland Financial Corporation,Warsaw, Indiana

Chairman, Chief Executive Officer, and President, 2007Midwest Heritage Bank, Clive, Iowa

Chairman and Chief Executive Officer, Northern Trust 2008Corporation and The Northern Trust Company,Chicago, Illinois

President, Michigan AFL-CIO, Lansing, Michigan 20062007

Managing Director and Executive Vice President, 2008The Habitat Company, Chicago, Illinois

Retired Chairman and Chief Executive Officer, 2006Illinois Tool Works, Inc., Glen view, Illinois

Chairman and Chief Executive Officer, Abbott, 2007Abbott Park, Illinois

Chairman and Chief Executive Officer, 2008Madison Dearborn Partners, LLC, Chicago, Illinois

Chairman, President, and Chief Executive Officer, 2006Comerica Incorporated, Detroit, Michigan

President and Chief Executive Officer, 2007Independent Bank Corporation, Ionia, Michigan

Chief Executive Officer, ER-One, Inc., 2008Livonia, Michigan

Director of Housing & Community Development, 2008Kent County Community Development Department& Housing Commission, Grand Rapids, Michigan


2006




Roger A. Cregg

Irvin D. ReidTimothy M. Manganello ...

RESERVE BANKClass A

David R. Pirsein

Lewis F. Mallory, Jr.

J. Thomas May

Class BA. Rogers Yarnell, II

Paul T. Combs

Jay Fitzsimmons

Class CWalter L. Metcalfe, Jr.Irl F. EngelhardtCynthia J. Brinkley

LITTLE ROCK BRANCHAppointed by theFederal Reserve Bank

Raymond E. Skelton

Sharon Priest

Robert A. Young III

Phillip N. Baldwin


C.Sam Walls

Title


President, Wayne State University, Detroit, MichiganChairman and Chief Executive Officer, BorgWarner

Incorporated, Auburn Hills, Michigan

Term expiresDec. 31

2006

20072008



Chairman and Chief Executive Officer,Cadence Financial Corporation, Starkville,Mississippi

Chairman and Chief Executive Officer,Simmons First National Corporation, Pine Bluff,Arkansas

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

President, Baker Implement Company,Kennett, Missouri

Sr. Vice President of Finance and Treasurer,Wal-Mart Stores, Inc., Bentonville, Arkansas

Partner, Bryan Cave LLP, St. Louis, MissouriChairman, Peabody Energy, St. Louis, MissouriPresident, AT&T Missouri, St. Louis, Missouri

Retired Regional President, U.S. Bank,North Little Rock, Arkansas

Executive Director, The Downtown Partnership,Little Rock, Arkansas

Chairman, Arkansas Best Corporation,Fort Smith, Arkansas

President and Chief Executive Officer, SouthernBancorp, Arkadelphia, Arkansas

Chief Executive Officer, Arkansas Capital Corporation,Little Rock, Arkansas

2006

2007

2008

2006

2007

2008

200620072008

2006

2007

2008

2008

2006


2006




Sonja Yates Hubbard

Cal McCastlain

LOUISVILLE BRANCHAppointed by theFederal Reserve Bank

Gordon B. Guess

Steven E. Trager

L. Clark Taylor, Jr.

JohnC. Schroeder


Norman E. Pfau, Jr.

Gary A. Ransdell

John L. Huber

MEMPHIS BRANCHAppointed by theFederal Reserve Bank

David P. Rumbarger, Jr. . . . .

Thomas G. Miller

Levon Mathews

Hunter Simmons


Russell GwatneyCharles S. Blatteis

Meredith B. Allen

RESERVE BANKClass A

Douglas C. Morrison

John H. Hoeven, Jr.

Peter J. Haddeland

1111C


Partner, Pender & McCastlain, P.A., Little Rock,Arkansas

Chairman, President, and Chief Executive Officer,The Peoples Bank, Marion, Kentucky

Chairman and Chief Executive Officer, RepublicBank & Trust Company, Louisville, Kentucky


President, Wabash Plastics, Inc., Evansville, Indiana

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

President, Western Kentucky University,Bowling Green, Kentucky

President and Chief Executive Officer,Louisville Water Company, Louisville, Kentucky

President and Chief Executive Officer, CommunityDevelopment Foundation, Tupelo, Mississippi

President, Southern Hardware Company, Inc.,West Helena, Arkansas

President, Regions Bank, Memphis, TennesseePresident and Chief Executive Officer,

First South Bank, Jackson, Tennessee

President, Gwatney Companies, Memphis, TennesseeMember (Partner), The Bogatin Law Firm, PLC,

Memphis, TennesseeVice President, Marketing, Staple Cotton Cooperative

Association, Greenwood, Mississippi

Term expiresDec. 31

2007

2008

2006

2007

2008

2008

2006

2007

2008

2006

2007

20082008

20062007

2008


Chief Financial Officer, Citibank (South Dakota) N.A.,Sioux Falls, South Dakota

Chairman, First Western Bank & Trust,Minot, North Dakota

President and Chief Executive Officer,First National Bank, Mahnomen, Minnesota

2006

2007

2008


2006



Class BD. Greg Heineman

Todd L. Johnson

Randy Peterson

Class CJames J. Hynes

Frank L. Sims

John W. Marvin

HELENA BRANCHAppointed by theFederal Reserve Bank

Marilyn F. Wessel

JoyN.Ott

John L. Franklin


Dean Folkvord

Lawrence R. Simkins

RESERVE BANKClass A

Mark W. Schifferdecker . . . .

Robert C. Fricke

Rick L. Smalley

Class BKevin K. NunninkFrank Moore

Dan L. Dillingham

1111C

Chairman, Williams Insurance Agency,Sioux Falls, South Dakota

President and Chief Executive Officer, ReubenJohnson & Son, Inc. & Affiliated Companies,Superior, Wisconsin

Facility Director, Lake Superior State University,Sault Ste. Marie, Michigan

Executive Administrator, Twin City Pipe TradesService Association, St. Paul, Minnesota


Chairman and Chief Executive Officer, MarvinWindows and Doors, Warroad, Minnesota

Retired 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, 1st Bank,Sidney, Montana

President and Chief Executive Officer, Wheat MontanaFarms and Bakery, Three Forks, Montana

President, Washington Corporations, Missoula,Montana

Term expiresDec. 31

2006

2007

2008

2006

2007

2008

2006

2006

2008

2006

2008





Chairman, Integra Realty Resources, Westwood, KansasPresident, Spearhead Ranch Company,

Douglas, WyomingChief Executive Officer, Dillingham Insurance,

Enid, Oklahoma

2006

2007

2008

20062007

2008


2006




Class CRobert A. Funk

Terry L. Moore

Lu M. Cordova

DENVER BRANCH


James A. Helzer

John D. Pearson

Michael R. Stanford

Bruce K. Alexander


Thomas Williams

Kristy A. Schloss

Diane Leavesley

OKLAHOMA CITY BRANCH


Barry H. Golsen

Robert R. Gilbert, III

Terry M. Almon

Fred M.Ramos


Richard K. RatcliffeSteven C. Agee

Michael A. Cawley

1 lUC

Chairman and Chief Executive Officer,Express Personnel Services, Oklahoma City,Oklahoma

President, Omaha Federation of Labor,Omaha, Nebraska

Chief Executive Officer, Corlund Industries;Chairman, CTEK Angels, Boulder, Colorado

President and Chief Executive Officer,Unicover Corporation, Cheyenne, Wyoming

Real Estate Broker/Owner, Pearson Real EstateCo., Inc., Buffalo, Wyoming

President and Chief Executive Officer,First State Bancorporation,Albuquerque, New Mexico

President and Chief Executive Officer, Vectra BankColorado, Denver, Colorado

President and Chief Executive Officer,Williams Group LLC, Golden, Colorado

President and Chief Executive Officer,Schloss Engineered Equipment, Inc.,Aurora, Colorado

President, Mercy Loan Fund, Denver, Colorado

Board Vice-Chairman, President and Chief OperatingOfficer, LSB Industries, Inc., Oklahoma City,Oklahoma

President, Chief Operating Officer, and Director,The F&M Bank & Trust Company, Tulsa, Oklahoma

President and Chief Executive Officer, ArkansasValley State Bank, Broken Arrow, Oklahoma

Executive Director, State Hispanic Chamber ofCommerce, Oklahoma City, Oklahoma

Chairman, Ratcliffe's Inc., Weatherford, OklahomaPresident, Agee Energy, LLC,

Oklahoma City, OklahomaPresident and Chief Operating Officer,

The Samuel Roberts Noble Foundation, Inc.,Ardmore, Oklahoma

Term expiresDec. 31

2006

2007

2008

2006

2006

2007

2008

2006

2007

2008

2006

2007

2007

2008

20062007

2008


2006



OMAHA BRANCH


Rodrigo Lopez

Michael J. NelsonCynthia Hardin Milligan ...

Mark A. Sutko


Charles R. Hermes

Lyn Wallin Ziegenbein

James A. Timmerman

RESERVE BANK

Class AMatthew T. Doyle

David S. Barnard

Richard W. Evans, Jr.

Class BJudy Ley AllenRobert A. Estrada

James B. Bexley

Class CAnthony R. Chase

Ray L. Hunt

James T. Hackett

EL PASO BRANCH


Gerald J. Rubin

Titlp1111C

President and Chief Executive Officer, AmeriSphereMultifamily Finance, LLC, Omaha, Nebraska

Chairman, FirsTier Bank, Kimball, NebraskaDean-College of Business Administration,

University of Nebraska-Lincoln, Lincoln, NebraskaPresident and Chief Executive Officer,

Platte Valley State Bank, Kearney, Nebraska

President, Dutton-Lainson Company,Hastings, Nebraska

Executive Director, Peter Kiewit Foundation,Omaha, Nebraska

Chief Financial Officer, Timmermanand Sons Feeding Company,Springfield, Nebraska

Term expiresDec. 31

2006

20062007

2008

2006

2007

2008


Vice Chairman and Chief Executive Officer,Texas First Bank, Texas City, Texas

Chairman and Chief Executive Officer, TheNational Banks of Central Texas, Gatesville, Texas

Chairman and Chief Executive Officer,Cullen/Frost Bankers, Inc., San Antonio, Texas

Partner, Allen Investments, Inc., Houston, TexasChairman, Estrada Hinojosa & Company, Inc.,

Dallas, TexasAssociate Professor, Finance, Sam Houston

State University, Huntsville, Texas

Chairman and Chief Executive Officer, ChaseCom, LP,Houston, Texas

Chairman, President, and Chief Executive Officer,Hunt Consolidated, Inc., Dallas, Texas

Chairman, President, and Chief Executive Officer,Anadarko Petroleum Corporation, Houston, Texas

Chairman, President, and Chief Executive Officer,Helen of Troy Limited, El Paso, Texas

2006

2007

2008

20062007

2008

2006

2007

2008

2006


2006




F.James VolkPete Cook

Fred J.Loya


William V. Flores

Cecilia Ochoa Levine

Ron C. Helm

HOUSTON BRANCHAppointed by theFederal Reserve Bank

Timothy N. Bryan

Jodie L. Jiles

S. Reed Morian

Peter G. Traber, M.D.


Nancy T. ChangDouglas L. Foshee

Lupe Fraga

SAN ANTONIO BRANCHAppointed by theFederal Reserve Bank

Steven R. VandegriftG.P. Singh

Matt F. Gorges

Guillermo F. Trevino


J.Dan Bates

Ricardo Romo


Titlp1111C

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, Texas

Provost, New Mexico State University,Las Cruces, New Mexico

President, MFI International Mfg., LLC,El Paso, Texas

Owner, Helm Land and Cattle Company,Van Horn, Texas

Chairman and Chief Executive Officer,The First National Bank of Bryan, Bryan, Texas

Managing Director, RBC Capital Markets,Houston, Texas

Chairman, President, and Chief Executive Officer,DX Service Company, Inc., Houston, Texas

President and Chief Executive Officer, Baylor Collegeof Medicine, Houston, Texas

Chairman, Tanox, Inc., Houston, TexasPresident and Chief Executive Officer,

El Paso Corporation, Houston, TexasChairman and Chief Executive Officer, Tejas Office

Products, Inc., Houston, Texas

Founder and President, SRV Holdings, Austin, TexasChairman and Chief Executive Officer,

Karta Technologies Inc., San Antonio, TexasChairman and Chief Executive Officer, Valley

International Cold Storage, Inc., Harlingen, TexasVice President, Southern Distributing,

Lorado, Texas

President, Southwest Research Institute,San Antonio, Texas

President, The University of Texas at San Antonio,San Antonio, Texas

Chairman and Chief Executive Officer,Richter Architects, Corpus Christi, Texas

Term expiresDec. 31

20072008

2008

2006

2007

2008

2006

2007

2008

2008

20062007

2008

20062007

2008

2008

2006

2007

2008


2006



RESERVE BANKClass A

Kenneth P. Wilcox

Richard W. Decker, Jr.

Candace Hunter Wiest

Class BBarbara L. Wilson

Jack McNallyKarla S. Chambers

Class CT.Gary Rogers

David K.Y. TangCharles H. Smith

Los ANGELES BRANCHAppointed by theFederal Reserve Bank

D.Linn Wiley

Karen B. Caplan

Dominic Ng

Peter M. Thomas


Anita Santiago

James L. Sanford

AnnE. Sewill

PORTLAND BRANCHAppointed by theFederal Reserve Bank

Robert D. Sznewajs

Alan V. Johnson

Titipl l l l C

Term expiresDec. 31


President and Chief Executive Officer, SiliconValley Bank, Santa Clara, California

Chairman and Co-Founder, Belvedere CapitalPartners LLC, San Francisco, California

President and Chief Executive Officer, West ValleyNational Bank, Avondale, Arizona

Consultant; and Regional Vice President (Retired),Qwest Corporation, Boise, Idaho

Principal, JKM Consulting, Sacramento, CaliforniaVice President and Co-Owner, Stahlbush Island Farms,

Inc., Corvallis, Oregon

Chairman and Chief Executive Officer,Dreyer's Grand Ice Cream, Inc., Oakland, California

Partner, Preston Gates & Ellis LLP, Seattle, WashingtonFormer President and Chief Executive Officer,

AT&T West, San Ramon, California

President and Chief Executive Officer,Citizens Business Bank, Ontario, California

President and Chief Executive Officer,Frieda's, Inc., Los Alamitos, California

Chairman, President and Chief Executive Officer,East West Bank, Pasadena, California

Managing Partner, Thomas & Mack Co.,Las Vegas, Nevada

Chief Executive Officer, Anita Santiago Advertising,Santa Monica, California

Corporate Vice President and Treasurer, NorthropGrumman Corporation, Los Angeles, California

President, Community Foundation Land Trust,California Community Foundation, Los Angeles,California

President and Chief Executive Officer,West Coast Bancorp, Lake Oswego, Oregon

Regional President, Wells Fargo Bank, Portland,Oregon

2006

2007

2008

2006

20072008

2006

20072008

2006

2006

2007

2008

2006

2007

2008

2006

2007


2006




William D. Thorndike, Jr. ..

George J. Puentes


David Y. ChenJames H. Rudd

Peter O. Kohler, M.D

SALT LAKE CITY BRANCH


Annette K. Herman

Michael M. Mooney

A. Scott Anderson

Deborah Bayle Nielsen


William C. GlynnGary L. Crocker

Clark D. Ivory

SEATTLE BRANCHAppointed by theFederal Reserve Bank

Helvi K. Sandvik

Blake W. NordstromKenneth M. Kirkpatrick .. . .

H. Stewart Parker


David W. Wyckoff

Mic R. Dinsmore

James R. Gill

Title

Chairman and President, Medford Fabrication,Medford, Oregon

President, Don Pancho Authentic Mexican Foods, Inc.,Salem, Oregon

Partner, OVP Venture Partners, Portland, OregonChief Executive Officer and Principal, Ferguson

Wellman Capital Management, Inc., Portland,Oregon

President, Oregon Health & Science University,Portland, Oregon

Vice President, Strategic Initiatives, Uniprise,UnitedHealth Group, Salt Lake City, Utah

President, Farmers & Merchants Bank, A Bank of theCascades Company, Boise, Idaho

President and Chief Executive Officer, Zions Bank,Salt Lake City, Utah

President and Chief Executive Officer,United Way of Salt Lake, Salt Lake City, Utah

President, Intermountain Industries, Inc., Boise, IdahoChairman of the Board, Merrimack Pharmaceuticals,

Inc., Salt Lake City, UtahChief Executive Officer, Ivory Homes, Ltd.,

Salt Lake City, Utah

President, NANA Development Corporation,Anchorage, Alaska

President, Nordstrom, Inc., Seattle, WashingtonPresident, Washington State, U.S. Bank,

Seattle, WashingtonPresident and Chief Executive Officer, Targeted

Genetics Corporation, Seattle, Washington

Chairman and Chief Executive Officer,Wyckoff Farms, Inc., Grandview, Washington

Chief Executive Officer, Port of Seattle,Seattle, Washington

President, Pacific Northwest Title Holding Company,Seattle, Washington

Term expiresDec. 31

2008

2008

20062007

2008

2006

2007

2008

2008

20062007

2008

2006

20072008

2008

2006

2007

2008


2006



Appointed Members

Name Federal ReserveDistrict

Date initially tookoath of office Other dates1

Charles S. Hamlin




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

J.J. ThomasMarriner S. Eccles



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

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, 1950Apr. 2, 1951

Feb. 18, 1952

Feb. 18, 1952

Aug. 12, 1954Aug. 13, 1954


Term expired Aug. 9, 1918.Resigned July 21, 1918.Term expired Aug. 9, 1922.Reappointed in 1924. Reappointed in1934 from the Richmond District.Served until 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



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





2006



Name


George W. Mitchell

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

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. KohnBen. S. BernankeKevin M. WarshRandall S. KrosznerFrederic S. Mishkin

Federal ReserveDistrict

DallasAtlanta

Chicago


New York

St. LouisSan FranciscoKansas CityBostonDallasAtlantaRichmondPhiladelphiaMinneapolisSan FranciscoChicagoNew YorkAtlantaPhiladelphiaKansas CitySan FranciscoChicagoKansas CityRichmondSan FranciscoDallasNew YorkBostonSt. LouisRichmondChicagoPhiladelphiaSan FranciscoSt. LouisPhiladelphiaBostonRichmondChicagoMinneapolisAtlantaKansas CityAtlantaNew YorkRichmondBoston

Date initially tookoath of office

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, 2002Feb. 1, 2006Feb. 22, 2006Feb. 27, 2006Seot. 5, 2006

Other dates1

Retired Apr. 30, 1967.Reappointed in 1960. Resigned Sept. 18,


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 Aug. 11, 1987.Resigned Sept. 1, 1985.Resigned Apr. 30, 1986.Resigned Mar. 11, 1991.Served through Feb. 9, 1994.Resigned Aug. 3, 1990.Resigned July 31, 1989.Resigned Dec. 31, 2001.Resigned Jan. 31,2006.Resigned Apr. 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.Resigned Apr. 28, 2006.Resigned Aug. 31, 2005.

Resigned June 20, 2006.Resigned June 21, 2005.


2006


Appointed Members—-Continued

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

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-Jan. 31, 20065

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-Apr. 28, 2006

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




men were designated Governor and Vice Governor.4. Served as Chairman Pro Tempore from Feb. 3,

1948, to Apr. 15, 1948.5. Served as Chairman Pro Tempore from March 3,

1996, to June 20, 1996.


2006

262

Ex

93rd Annual Report,

Officio Members

Name

2006

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, 1932Mayll , 1933-Feb. 1,1936


2006

282 94th Annual Report, 2007


Officers

BANK or Branch

BOSTON2

NEW YORK2

Buffalo

PHILADELPHIA

CLEVELAND


RICHMOND

BaltimoreCharlotte

ATLANTA


CHICAGO2

Detroit

ST.LOUIS


Memphis

MINNEAPOLIS

Helena

Chairman*Deputy Chairman

Lisa M. LynchHenri A. Termeer

Jerry I. SpeyerDenis M. Hughes

Alphonso O'Neil-White

Doris M. DammWilliam F. Hecht

Tanny B. CraneAlfred M. Rankin, Jr.

James M. AndersonRobert O. Agbede

Thomas J. Mackell, Jr.Lemuel E. Lewis

Cynthia Collins AllnerJim Lowry

V. Larkin MartinD. Scott Davis

Mary am B. HeadH. Britt Landrum, Jr.Gay Rebel ThompsonDebra K. LondonDave Dennis

Miles D. WhiteJohn A. Canning, Jr.

Timothy M.Manganello

Irl F. EngelhardtCynthia J. Brinkley

C. Sam WallsJohn L. Huber

Meredith B. Allen

Frank L. SimsJames J. Hynes

Lawrence R. Simkins


Eric S. RosengrenPaul M. Connolly


Cumming

Charles I. PlosserWilliam H. Stone, Jr.

Sandra PianaltoR. Chris Moore

Jeffrey M. LackerSarah G. Green

Dennis P. LockhartPatrick K. Barron

Charles L. EvansGordon Werkema

William PooleDavid A. Sapenaro



Kausar Hamdani




Robert Wiley



R. Paul Drake


2007






KANSAS CITY ...

DenverOklahoma City .. . .Omaha

DALLAS

El PasoHoustonSan Antonio

SAN FRANCISCO


Robert A. FunkLu M. Cordova

Kristy A. SchlossRichard K. RatcliffeJames A. Timmerman

James T. HackettAnthony R. Chase

Ron C. HelmLupe FragaJ. Dan Bates

David K.Y. TangT. Gary Rogers

James L. SanfordJames H. RuddClark D. IvoryMic R. Dinsmore

Thomas M. HoenigRichard K. Rasdall, Jr.

Richard W. FisherHelen E. Holcomb

Janet L. YellenJohn F. Moore

Mark SchweitzerChad WilkersonJason Henderson

Robert W. GilmerRobert Smith IIIBlake Hastings

Mark L. MullinixMary E. LeeAndrea P. WolcottMark A. Gould



York; East Rutherford, New Jersey; Des Moines, Iowa;Midway at Bedford Park, Illinois; and Phoenix, Arizona.

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 and ad-vise the Board of Governors. Such meetings,also attended by the deputy chairmen, wereheld in Washington, D.C., on May 30 and31, and on November 28 and 29, 2007.

The members of the executive committeeof the Conference of Chairmen during 2007were, Robert A. Funk, chair; V. Larkin Mar-tin, vice chair; and Miles D. White, member.

On November 29, the conference electedits executive committee for 2008, namingV. Larkin Martin as chair; Lisa M. Lynch asvice chair; and David K.Y. Tang as the thirdmember.

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.

Sandra Pianalto, president of the FederalReserve Bank of Cleveland, served as chairof the conference in 2007, and Jeffrey M.Lacker, president of the Federal ReserveBank of Richmond, served as vice chair.Gregory L. Stefani, of the Federal ReserveBank of Cleveland, served as secretary, andSandra Tormoen, of the Federal ReserveBank of Richmond, served as assistantsecretary.


2007


Conference ofFirst Vice 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.

Helen E. Holcomb, first vice president ofthe Federal Reserve Bank of Dallas, servedas chair of the conference in 2007, and JamesM. Lyon, first vice president of the FederalReserve Bank of Minneapolis, served as vicechair. Harvey R. Mitchell, of the Federal Re-serve Bank of Dallas, served as secretary,and Sheryl L. Britsch, of the Federal ReserveBank of Minneapolis, served as assistantsecretary.

On October 22, 2007, the conferenceelected James M. Lyon as chair for 2008-09and R. Chris Moore, first vice president ofthe Federal Reserve Bank of Cleveland, asvice chair.

DirectorsEach Federal Reserve Bank has a nine mem-ber board: three Class A and three Class Bdirectors, who are elected by the stockhold-ing member banks, and three Class C direc-tors, who are appointed by the Board ofGovernors.

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 interests

of agriculture, commerce, industry, services,labor, and consumers; they may not be offic-ers, 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 one ClassA director and one Class B director. Annu-ally, the Board of Governors designates oneof the Class C directors as chair of the boardand Federal Reserve agent of each DistrictBank, and it designates another Class Cdirector as deputy chair.


The chairs and deputy chairs of the Re-serve 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 are shown.


2007


DirectorsDecember 31, 2007


RESERVE BANK

Class ARonald E. Logue

Kathleen C. Marcum

David A. Lentini

Class BRobert K. Kraft

Michael T. Wedge

Stuart H. Reese

Class CSamuel O. Thier, M.D

Henri A. Termeer

Lisa M. Lynch

RESERVE BANKClass A

Jill M. Considine

Charles V. Wait

James Dimon

Class BRichard S. Fuld, Jr.

Jeffrey R. Immelt

Indra K. Nooyi


DISTRICT 1—BOSTON

Chairman and Chief Executive Officer, State Street 2007Corporation, Boston, Massachusetts

President and Chief Executive Officer, Millbury 2008National Bank, Millbury, Massachusetts

Chairman, President and Chief Executive Officer, 2009The Connecticut Bank and Trust Company, Hartford,Connecticut

Chairman and Chief Executive Officer, The Kraft 2007Group, Foxborough, Massachusetts

Former President and Chief Executive Officer, 2008BJ's Wholesale Club, Inc., Natick, Massachusetts

Chairman, President and Chief Executive Officer, 2009MassMutual Financial Group, Springfield,Massachusetts

Professor of Medicine and Professor of Health Care 2007Policy-Harvard Medical School, MassachusettsGeneral Hospital, Boston, Massachusetts

Chairman, President and Chief Executive Officer, 2008Genzyme Corporation, Cambridge, Massachusetts

William L. Clayton Professor of International Economic 2009Affairs, The Fletcher School of Law and Diplomacy,Tufts University, Medford, Massachusetts


Senior Advisor, The Depository Trust Company, 2007New York, New York

President, Chief Executive Officer, and Chairman, 2008The Adirondack Trust Company, Saratoga Springs,New York

Chairman and Chief Executive Officer, JPMorgan Chase 2009& Co., New York, New York

Chairman and Chief Executive Officer, Lehman 2007Brothers, New York, New York

Chairman and Chief Executive Officer, General Electric 2008Company, Fairfield, Connecticut

Chairman and Chief Executive Officer, PepsiCo, Inc., 2009Purchase, New York


2007

286 94th Annual Report 2007



Class CJerry I. Speyer

Denis M. Hughes

Lee C. Bollinger

BUFFALO BRANCH


Michele D. Trolli

Joseph J. Ashton

Kim J. ZuberJonathan J. Judge


James P. Laurito

VacancyAlphonso O'Neil-White .. . .

RESERVE BANK

Class AWayne R. Weidner

John G. Gerlach

Aaron L. Groff, Jr.

Class BP. Coleman Townsend, Jr. ..

Michael F. Camardo

Garry L. Maddox

Class CDoris M. Damm

Charles P. Pizzi

William F. Hecht

Titlfi me

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

President, New York State AFL-CIO, New York,New York

President, Columbia University, New York, New York

Executive Vice President and Chief Information Officer,M&T Bank, Buffalo, New York

Regional Director-Region 9, United Auto Workers,Amherst, New York

Co-Owner, Zuber Farms, LLC, Churchville, New YorkPresident and Chief Executive Officer, Paychex, Inc.,

Rochester, New York

President and Chief Executive Officer, Rochester Gasand Electric Corporation and New York State Electricand Gas Corporation, Rochester, New York

President and Chief Executive Officer, HealthNowNew York Inc., Buffalo, New York

Term expiresDec. 31

2007

2008

2009

2007

2008

20092009

2007

20082009


Chairman, National Penn Bancshares, Inc., Boyertown,Pennsylvania

President and Chief Executive Officer, PoconoCommunity Bank, Stroudsburg, Pennsylvania

Chairman, President and Chief Executive Officer,Ephrata National Bank, Ephrata, Pennsylvania

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

Retired Executive Vice President, Lockheed Martin ITSCherry Hill, New Jersey



President and Chief Executive Officer, Tasty BakingCompany, Philadelphia, Pennsylvania

Retired Chairman, President, and Chief ExecutiveOfficer, PPL Corporation, Allentown, Pennsylvania

2007

2008

2009

2007

2008

2009

2007

2008

2009


2007



Name

RESERVE BANKClass A

Henry L. Meyer III

Bick Weissenrieder

C. Daniel DeLawder

Class BLes C. Vinney

VacancyV. Ann Hailey

Class CRoy W.Haley

Alfred M. Rankin, Jr.

Tanny B. Crane

CINCINNATI BRANCH


James H. BoothJanet B.Reid

Glenn D. Leveridge

Charlotte W. Martin


Herbert R. Brown

James M. Anderson

Daniel B. Cunningham

PITTSBURGH BRANCH


Michael J. Hagan

Titlpi nit

Term expiresDec. 31


Chairman and Chief Executive Officer, KeyCorp,Cleveland, Ohio

Chairman and Chief Executive Officer, Hocking ValleyBank, Athens, Ohio

Chairman and Chief Executive Officer, Park NationalBank, Newark, Ohio

Retired President and Chief Executive Officer, STERISCorporation, Mentor, Ohio

Retired Executive Vice President, CorporateDevelopment, Limited Brands, Columbus, Ohio

Chairman and Chief Executive Officer, WESCOInternational, Inc., Pittsburgh, Pennsylvania

Chairman, President and Chief Executive Officer,NACCO Industries, Inc., Cleveland, Ohio

President and Chief Executive Officer, Crane GroupCompany, Columbus, Ohio

President, Czar Coal Corporation, Lovely, KentuckyPrincipal Partner, Global Lead Management

Consulting, Cincinnati, OhioPresident, Lexington Market, JPMorgan Chase Bank,

NA, Lexington, KentuckyPresident and Chief Executive Officer, Great Lakes

Bankers Bank, Gahanna, Ohio


President and Chief Executive Officer, CincinnatiChildren's Hospital Medical Center, Cincinnati, Ohio

President and Chief Executive Officer, Long-StantonManufacturing Companies, Cincinnati, Ohio

President and Chief Executive Officer, Iron and GlassBank, Pittsburgh, Pennsylvania

2007

2008

2009

2007

20082009

2007

2008

2009

20072008

2008

2009

2007

2008

2009

2007


2007




Howard W. Hanna III

Georgiana N. Riley

Margaret Irvine Weir


Robert O. Agbede

Sunil T. Wadhwani

Robert A. Paul

RESERVE BANKClass A

Kathleen Walsh Can-Hunter R. Hollar

Dwight V. Neese

Class BHarry M. Lightsey, III

Dana S. Boole

Kenneth R. Sparks

Class CMargaret E. McDermid

Thomas J. Mackell, Jr.

Lemuel E. Lewis

BALTIMORE BRANCH



Biana J. Arentz

James T. Brady

Titlpi me

Chairman and Chief Executive Officer, Howard HannaReal Estate Services, Pittsburgh, Pennsylvania

President and Chief Executive Officer, TIGGCorporation, Bridgeville, Pennsylvania

President, NexTier Bank, Butler, Pennsylvania

President and Chief Executive Officer, ChesterEngineers, Inc., Pittsburgh, Pennsylvania

Chief Executive Officer and Co-founder, iGATECorporation, Pittsburgh, Pennsylvania

Chairman and Chief Executive Officer, Ampco-Pittsburgh Corporation, Pittsburgh, Pennsylvania

Term expiresDec. 31

2008

2008

2009

2007

2008

2009


President, Cardinal Bank Washington, Washington, D.CPresident and Chief Executive Officer, Sandy Spring

Bancorp and Sandy Spring Bank, Olney, MarylandDirector, President, and Chief Executive Officer,

Provident Community Bank and ProvidentCommunity Bancshares, Inc., Rock Hill,South Carolina

Senior Vice President-Southern Region Legislative andExternal Affairs, AT&T, Columbia, South Carolina

President and Chief Executive Officer, CommunityAffordable Housing Equity Corporation, Raleigh,North Carolina

President and Chief Executive Officer, Ken SparksAssociates LLC, White Stone, Virginia

Senior Vice President and Chief Information Officer,Dominion Resources, Inc., Richmond, Virginia

President, Association of Benefit Administrators,Warrenton, Virginia

Director, Landmark Communications, Inc., Norfolk,Virginia

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

President and Chief Executive Officer, Hemingway'sInc., Stevensville, Maryland

Managing Director-Mid-Atlantic, BallantraeInternational, Ltd., Ijamsville, Maryland

20072008

2009

2007

2008

2009

2007

2008

2009

2007

2008

2009


2007





William R. Roberts ..

Cynthia Collins Allner

Ronald Blackwell

CHARLOTTE BRANCH


Barry L. Slider

James H. Speed, Jr

Michael C. Miller

Donald K. Truslow


Claude C. Lilly

Linda L. Dolny

Jim Lowry

RESERVE BANK

Class AJames F. Beall

L. Phillip Humann

Rudy E. Schupp

Class BLee M. Thomas

Egbert L.J. Perry

Teri G. Fontenot


Chairman and President, Community Bank of 2009Tri-County, Waldorf, Maryland

President - Verizon Maryland/DC, Verizon Maryland 2007Inc., Baltimore, Maryland

Principal, Miles & Stockbridge P.C., Baltimore, 2008Maryland

Chief Economist, AFL-CIO, Washington, D.C. 2009

President and Chief Executive Officer, First South 2007Bancorp, Inc. and First South Bank, Spartanburg,South Carolina

President and Chief Executive Officer, North Carolina 2008Mutual Life Insurance Company, Durham,North Carolina

Chairman and President, FNB United Corp. and 2009CommunityONE Bank, N.A., Asheboro,North Carolina

Chief Risk Officer, Wachovia Corporation, Charlotte, 2009North Carolina

Dean, Clemson University, College of Business and 2007Behavioral Science, Clemson, South Carolina

President, PML Associates, Inc., Greenwood, 2008South Carolina

Automotive Consultant, High Point, North Carolina 2009


Chairman, President, and Chief Executive Officer, 2007Farmers & Merchants Bank, Centre, Alabama

Executive Chairman, SunTrust Banks, Inc., Atlanta, 2008Georgia

President and Chief Executive Officer, 1st United Bank, 2009Boca Raton, Florida

Chairman, President and Chief Executive Officer, 2007Rayonier, Jacksonville, Florida

Chairman and Chief Executive Officer, The Integral 2008Group, LLC, Atlanta, Georgia

President and Chief Executive Officer, Woman's 2009Hospital, Baton Rouge, Louisiana


2007




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


Maryam B. Head

James H. Sanford

F. Michael Reilly


Jack B. Healan, Jr

Alan Rowe

Wendell A. Sebastian

Ellen S. Titen


H. Britt Landrum, Jr

Fassil Gabremariam

Linda H. Sherrer

Titlpi me

Chairman, President, and Chief Executive Officer,Southern Company, Atlanta, Georgia

Managing Partner, Martin Farm, Courtland, AlabamaChief Financial Officer and Vice Chairman, United

Parcel Service, Atlanta, Georgia

Monroeville President, BankTrust, Monroeville,Alabama


Consultant, International Union of Operating Engineers-Local 312, Birmingham, Alabama

Managing Partner, Lewis Properties, LLC and AndersonInvestments, LLC, Huntsville, Alabama


Chairman of the Board, HOME Place Farms, Inc.,Prattville, Alabama

President and Chief Executive Officer, Randall-ReillyPublishing Co., Tuscaloosa, Alabama

President, Amelia Island Plantation Company, AmeliaIsland, Florida

President and Chief Executive Officer, The FirstCommercial Bank of Florida, Orlando,Florida

President and Chief Executive Officer, GTE FederalCredit Union, Tampa, Florida

President, E.T. Consultants, Winter Park, Florida

President and Chief Executive Officer, Landrum HumanResource Companies, Inc., Pensacola, Florida


President and Chief Executive Officer, PrudentialNetwork Realty, Jacksonville, Florida

Term expiresDec. 31

2007

20082009

2007

2008

2009

2009

2007

2008

2009

2007

2008

2009

2009

2007

2008

2009


2007



Name

MIAMI BRANCH



Thomas H. Shea

Walter Banks

Leonard L. Abess


Gay Rebel Thompson

Edwin A. Jones, Jr

Marvin O'Quinn

NASHVILLE BRANCH

Appointed by theFederal Reser\>e Bank

Paul G. Willson

Michael B. SwainDaniel A. Gaudette

Cordia W. Harrington


Debra K. London

Richard Q. Ford

David Williams 11

NEW ORLEANS BRANCH


David E. Johnson

R. King Milling

Matthew G. Stuller, Sr. . . . .

Christel C. Slaughter

Titlp1 me


Regional Chief Executive Officer, Right Management,Fort Lauderdale, Florida

President, Lago Mar Resort and Club, Fort Lauderdale,Florida

Chairman, President, and Chief Executive Officer, CityNational Bank of Florida, Miami, Florida

President and Chief Executive Officer, CementIndustries, Inc., Fort Myers, Florida

President, Angus Investments, Inc., Port St. Lucie,Florida

President and Chief Executive Officer, Jackson HealthSystem, Miami, Florida

Chairman and Chief Executive Officer, CitizensNational Bank, Athens, Tennessee

Chairman, First National Bank, Oneida, TennesseeRetired Senior Vice President, North American

Manufacturing and Supply Chain Management,Nissan North America, Inc., Smyrna, Tennessee

President and Chief Executive Officer, Tennessee BunCompany, Nashville, Tennessee

President and Chief Executive Officer, St. Mary'sHealth System, Knoxville, Tennessee

President and Chief Executive Officer, The Sage Group,Brentwood, 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

Vice Chairman, Whitney Holding Corporation &Whitney National Bank, New Orleans, Louisiana

Chairman and Chief Executive Officer, Stuller, Inc.,Lafayette, Louisiana

Partner, SSA Consultants, LLC, Baton Rouge, Louisiana

Term expiresDec. 31

2007

2008

2008

2009

2007

2008

2009

2007

20082009

2009

2007

2008

2009

2007

2008

2009

i 2009


2007





Dave Dennis

Earl L. Shipp

Robert S. Boh

RESERVE BANKClass A

JeffPlagge

Dennis J. Kuester

Michael L. Kubacki

Class BAnn D. Murtlow

VacancyMark T. Gaffney

Class CMiles D. White

John A. Canning, Jr.

William C. Foote

DETROIT BRANCH


Michael M. Magee, Jr

Roger A. Cregg

Tommi A. White

Ralph W. Babb, Jr.

Titlp

President and Chief Executive Officer, SpecialtyContractors & Associates, Inc., Gulfport, Mississippi

President-Basic Chemicals Group, The Dow ChemicalCompany, Dubai, United Arab Emirates

President and Chief Executive Officer, Boh Bros.Construction Co., LLC, New Orleans, Louisiana

Term expiresDec. 31

2007

2008

2009


Chairman, Chief Executive Officer, and President,Midwest Heritage Bank, Clive, Iowa

Chairman, Marshall & Ilsley Corporation, Milwaukee,Wisconsin

Chairman, President, and Chief Executive Officer,Lakeland Financial Corporation, Warsaw, Indiana

President and Chief Executive Officer, IndianapolisPower & Light Company, Indianapolis, Indiana

President, Michigan AFL-CIO, Lansing, Michigan

Chairman and Chief Executive Officer, Abbott, AbbottPark, Illinois

Chairman, Madison Dearborn Partners, LLC, Chicago,Illinois

Chairman and Chief Executive Officer, USGCorporation, Chicago, Illinois

President and Chief Executive Officer, IndependentBank Corporation, Ionia, Michigan


Chief Executive Officer, ER-One, Inc., Livonia,Michigan

Chairman, President, and Chief Executive Officer,Comerica Inc., Dallas, Texas

2007

2008

2009

2007

20082009

2007

2008

2009

2007

2008

2008

2009


2007

Federal Reseme System Organization 293


Name


Irvin D.ReidTimothy M. Manganello ...

Linda S. Likely

RESERVE BANK

Class ALewis F. Mallory, Jr

J. Thomas May

David R. Pirsein

Class BPaul T. Combs

VacancyA. Rogers Yarnell, II

Class CIrl F. EngelhardtCynthia J. BrinkleySteven H. Lipstein

LITTLE ROCK BRANCH


Sharon Priest

Robert A. Young III

Phillip N. Baldwin

William C. Scholl


Sonja Yates Hubbard

Titlp11UC

President, Wayne State University, Detroit, MichiganChairman and Chief Executive Officer, BorgWarner

Inc., Auburn Hills, MichiganDirector of Housing and Community Development,

Kent County Community Development Departmentand Housing Commission, Grand Rapids,Michigan

Term expiresDec. 31

20072008

2009


Chairman and Chief Executive Officer, CadenceFinancial Corporation, Starkville, Mississippi

Chairman and Chief Executive Officer, Simmons FirstNational Corporation, Pine Bluff, Arkansas


President, Baker Implement Company, Kennett,Missouri

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

Chairman, Patriot Coal Corporation, St. Louis, MissouriPresident, AT&T Missouri, St. Louis, MissouriPresident and Chief Executive Officer, BJC Healthcare,

St. Louis, Missouri

Executive Director, Downtown Little Rock Partnership,Little Rock, Arkansas

Chairman, Arkansas Best Corporation, Fort Smith,Arkansas

President and Chief Executive Officer, SouthernBancorp, Arkadelphia, Arkansas

President, First Security Bancorp, Searcy, Arkansas


2007

2008

2009

2007

20082009

200720082009

2007

2008

2008

2009

2007


2007




Name

Cal McCastlain

C.Sam Walls

LOUISVILLE BRANCH


Steven E. Trager

L. Clark Taylor, Jr

John C. SchroederGordon B. Guess


Gary A. Ransdell

John L. HuberBarbara Ann Pop

MEMPHIS BRANCHAppointed by theFederal Reserve Bank

Thomas G. Miller

Levon Mathews

Hunter Simmons

David P. Rumbarger, Jr. . . . .


Charles S. Blatteis

Meredith B. Allen

Nick Clark

RESERVE BANK

Class AJohn H. Hoeven, Jr

Peter J. Haddeland

Thomas W. Scott

Titlp111IC

Partner, Pender & McCastlain, P.A., Little Rock,Arkansas

Chief Executive Officer, Arkansas Capital Corporation,Little Rock, Arkansas

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


President, Wabash Plastics, Inc., Evansville, IndianaConsultant, Marion, Kentucky

President, Western Kentucky University, BowlingGreen, Kentucky

Consultant, Louisville, KentuckyChief Executive Officer, Schuler Bauer Real Estate

Services, New Albany, Indiana

President, Southern Hardware Company, Inc., WestHelena, Arkansas

Director of Sales, Regions Morgan Keegan PrivateBanking, Memphis, Tennessee

President and Chief Executive Officer, First South BankJackson, Tennessee

President and Chief Executive Officer, CommunityDevelopment Foundation, Tupelo, Mississippi

Member (Partner), The Bogatin Law Firm, PLC,Memphis, Tennessee

Vice President, Marketing, Staple Cotton CooperativeAssociation, Greenwood, Mississippi

Partner, Clark & Clark, Memphis, Tennessee

Term expiresDec. 31

2008

2009

2007

2008

20082009

2007

20082009

2007

2008

2008

2009

2007

2008

2009


Chairman, First Western Bank & Trust, Minot, NorthDakota

President and Chief Executive Officer, First NationalBank, Mahnomen, Minnesota

Chairman of the Board, First Interstate BancSystem,Inc., Billings, Montana

2007

2008

2009


2007



Name

Class BTodd L. Johnson

Randy Peterson

William J. Shorma

Class CFrank L. Sims

John W. Marvin

James J. Hynes

HELENA BRANCH


Joy N. Ott

John L. Franklin

Timothy J. Bartz


Dean Folkvord

Lawrence R. Simkins

RESERVE BANK

Class ARobert C. Fricke

Rick L. Smalley

Mark W. Schifferdecker ....

Class BVacancyDan L. Dillingham

Kevin K. Nunnink

Title

Chairman and Chief Executive Officer, ReubenJohnson & Son, Inc. and Affiliated Companies,Superior, Wisconsin

Facility Director, Lake Superior State University, SaultSte. Marie, Michigan

President, Shur-Co., Yankton, South Dakota


Chairman and Chief Executive Officer, MarvinWindows and Doors, Warroad, Minnesota

Executive Administrator, Twin City Pipe Trades ServiceAssociation, St. Paul, Minnesota

Regional President and Chief Executive Officer, WellsFargo Bank Montana, N.A., Billings, Montana

President and Chief Executive Officer, 1 st Bank, Sidney,Montana

Chief Executive Officer, Anderson ZurMuehlen &Company, P C , Helena, Montana

General Manager and Chief Executive Officer, WheatMontana Farms and Bakery, Three Forks, Montana

President, Washington Corporations, Missoula, Montana

Term expiresDec. 31

2007

2008

2009

2007

2008

2009

2007

2008

2009

2008

2009





Chief Executive Officer, Dillingham Insurance, Enid,Oklahoma

Chairman, Integra Realty Resources, Westwood, Kansas

2007

2008

2009

20072008

2009


2007




Name

Class CTerry L. Moore

Lu M. Cordova

Robert A. Funk

DENVER BRANCH


Michael R. Stanford

Bruce K. Alexander

John D. Pearson

Vacancy


Kristy A. Schloss

Diane LeavesleyThomas Williams

OKLAHOMA CITY BRANCHAppointed by theFederal Reserve Bank

Steve BurrageTerry M. Almon

Fred M. RamosBarry H. Golsen


Steven C. Agee

VacancyRichard K. Ratcliffe

Titlp1 IllC

President, Omaha Federation of Labor, Omaha,Nebraska

Chief Executive Officer, Corlund Industries, LLC;President and General Manager, Almacen StorageGroup, Boulder, Colorado

Chairman and Chief Executive Officer, ExpressPersonnel Services, Oklahoma City, Oklahoma

President and Chief Executive Officer, First StateBancorporation, Albuquerque, New Mexico

President and Chief Executive Officer, Vectra BankColorado, Denver, Colorado

President, Pearson Real Estate Co., Inc., Buffalo,Wyoming

President and Chief Executive Officer, SchlossEngineered Equipment, Inc., Aurora, Colorado

President, Mercy Loan Fund, Denver, ColoradoPresident and Chief Executive Officer, Williams Group

LLC, Golden, Colorado

Chairman of the Board, FirstBank, Antlers, OklahomaPresident, Oklahoma Community Capital Corporation,

Broken Arrow, OklahomaPresident, RGF, Inc., Oklahoma City, OklahomaBoard Vice-Chairman, President and Chief Operating

Officer, LSB Industries, Inc., Oklahoma City,Oklahoma

President, Agee Energy, LLC, Oklahoma City,Oklahoma

Chairman, Ratcliffe's Inc., Weatherford, Oklahoma

Term expiresDec. 31

2007

2008

2009

2007

2008

2009

2009

2007

20082009

20072007

20082009

2007

20082009


2007


BANK or BRANCH, CategoiyName

OMAHA BRANCHAppointed by theFederal Reserve Bank

Cynthia Hardin Milligan ...

Mark A. Sutko

Rodrigo Lopez

Todd S. Adams


Lyn Wallin Ziegenbein

James A. Timmerman

Charles R. Hermes

RESERVE BANK

Class ADavid S. Barnard

Richard W. Evans, Jr

Pete Cook

Class BRobert A. Estrada

James B. Bexley

Margaret H. Jordan

Class CHerb KelleherJames T. Hackett

Anthony R. Chase

EL PASO BRANCH


F. James Volk


Dean-College of Business Administration, University of 2007Nebraska-Lincoln, Lincoln, Nebraska

President and Chief Executive Officer, Platte Valley 2008State Bank, Kearney, Nebraska

President and Chief Executive Officer, AmeriSphere 2009Multifamily Finance, L.L.C., Omaha, Nebraska

Chief Executive Officer and Trust Officer, Adams Bank 2009& Trust, Ogallala, Nebraska

Executive Director, Peter Kiewit Foundation, Omaha, 2007Nebraska

Chief Financial Officer, Timmerman and Sons Feeding 2008Company, Springfield, Nebraska

President, Dutton-Lainson Company, Hastings, 2009Nebraska


Chairman and Chief Executive Officer, The National 2007Banks of Central Texas, Gatesville, Texas

Chairman and Chief Executive Officer, Cullen/Frost 2008Bankers, Inc., San Antonio, Texas

President and Chief Executive Officer, First National 2009Bank of Alamogordo, Alamogordo, New Mexico

Chairman, Estrada Hinojosa & Company, Inc., Dallas, 2007Texas

Professor, Finance, Sam Houston State University, 2008Huntsville, Texas

President and Chief Executive Officer, Dallas Medical 2009Resource, Dallas, Texas

Executive Chairman, Southwest Airlines, Dallas, Texas 2007Chairman, President, and Chief Executive Officer, 2008

Anadarko Petroleum Corporation, Houston, TexasChairman and Chief Executive Officer, ChaseSource, 2009

L.P., Houston, Texas

Regional President, State National Bank, El Paso, Texas 2007


2007

298 94th Annual Report 2007



D. Kirk Edwards

Fred J. LoyaGerald J. Rubin


Cecilia Ochoa LevineRon C. Helm

William V. Flores

HOUSTON BRANCH


Jodie L. Jiles

S. Reed Morian

Peter G. Traber, M.D.

Timothy N. Bryan


Douglas L. Foshee

Lupe Fraga

Nancy T. Chang

SAN ANTONIO BRANCH


G.P.Singh

Matt F. Gorges

Guillermo F. TrevinoSteven R. Vandegrift


Ricardo Romo


J. Dan Bates

Titlp1 lllc

President, MacLondon Royalty Company, Odessa,Texas

Chairman, Fred Loya Insurance, El Paso, TexasChairman, President, and Chief Executive Officer, Helen

of Troy Limited, El Paso, Texas

President, MFI International Mfg., LLC, El Paso, TexasOwner, Helm Land and Cattle Company, Van Horn,

TexasDeputy Secretary, New Mexico Higher Education

Department, Santa Fe, New Mexico

Managing Director, RBC Capital Markets, Houston,Texas

Chairman, President, and Chief Executive Officer, DXService Company, Inc., Houston, Texas

President and Chief Executive Officer, Baylor Collegeof Medicine, Houston, Texas

Chairman and Chief Executive Officer, The FirstNational Bank of Bryan, Bryan, Texas

President and Chief Executive Officer, El PasoCorporation, Houston, Texas

Chairman and Chief Executive Officer, Tejas OfficeProducts, Inc., Houston, Texas

President, Apex Enterprises, Inc., Houston, Texas

Owner, Gur Parsaad Properties, Ltd., San Antonio,Texas

Chairman and Chief Executive Officer, U.S. Packers &Processors, Harlingen, Texas

President, Southern Distributing, Laredo, TexasFounder and President, SRV Holdings, Austin, Texas

President, The University of Texas at San Antonio, SanAntonio, Texas

Chairman and Chief Executive Officer, RichterArchitects, Corpus Christi, Texas

President, Southwest Research Institute, San Antonio,Texas

Term expiresDec. 31

2008

20082009

20072008

2009

2007

2008

2008

2009

2007

2008

2009

2007

2008

20082009

2007

2008

2009


2007



Name

RESERVE BANK

Class ARichard W. Decker, Jr

Candace H. Wiest

Kenneth P. Wilcox

Class BJack McNallyKarla S. Chambers .

Blake W. Nordstrom

Class CDavid K.Y. Tang

Douglas W. Shorenstein

T. Gary Rogers

Los ANGELES BRANCH


Dominic Ng

Peter M. Thomas

VacancyAndrew J. Sale


James L. Sanford

Ann E. Sewill

Anita Santiago

PORTLAND BRANCH


Alan V. JohnsonGeorge J. Puentes

Titlp1 Hit;

Term expiresDec. 31


Chairman and Co-Founder, Belvedere Capital PartnersLLC, San Francisco, California

President and Chief Executive Officer, West ValleyNational Bank, Avondale, Arizona

President and Chief Executive Officer, S VB FinancialGroup and Silicon Valley Bank, Santa Clara,California

Principal, JKM Consulting, Sacramento, CaliforniaVice President and Co-Owner, Stahlbush Island Farms,

Inc., Corvallis, OregonPresident, Nordstrom, Inc., Seattle, Washington

Managing Partner, Asia, K&L Gates, Seattle,Washington

Chairman and Chief Executive Officer, ShorensteinProperties LLC, San Francisco, California

Retired Chairman and Chief Executive Officer, Dreyer'sGrand Ice Cream, Inc., Oakland, California

Chairman, President, and Chief Executive Officer, EastWest Bank, Pasadena, California

Managing Partner, Thomas & Mack Co., Las Vegas,Nevada

Partner, Media and Entertainment Leader - PacificSouthwest Area, Ernst & Young LLP, Los Angeles,California

Corporate Vice President, Northrop GrummanCorporation, Los Angeles, California

President, Community Foundation Land Trust,California Community Foundation, Los Angeles,California

Chief Executive Officer, Anita Santiago Advertising,Santa Monica, California

Regional President, Wells Fargo Bank, Portland, OregonPresident, Don Pancho Authentic Mexican Foods, Inc.,

Salem, Oregon

2007

2008

2009

20072008

2009

2007

2008

2009

2007

2008

20092009

2007

2008

2009

20072008


2007




Peggy Y. Fowler

Robert D. Sznewajs


James H. Rudd

William D. Thorndike, Jr. ..

David Y. Chen

SALT LAKE CITY BRANCH


Michael M. Mooney

A. Scott Anderson

Deborah S. Bayle

Scott L. Hymas


Gary L. Crocker

Clark D. Ivory

Edwin E. Dahlberg

SEATTLE BRANCH


VacancyKenneth M. Kirkpatrick .. . .

H. Stewart Parker

Carol K. Nelson


Mic R. Dinsmore

James R. Gill

Helvi K. Sandvik

Titlp1 Hie

Chief Executive Officer and President, Portland GeneralElectric, Portland, Oregon

President and Chief Executive Officer, West CoastBancorp, Lake Oswego, Oregon

Chief Executive Officer and Principal, FergusonWellman Capital Management, Inc., Portland, Oregon

Chairman and President, Medford Fabrication, Medford,Oregon

Managing Director, Equilibrium Capital Group LLC,Portland, Oregon

President, Idaho Region, Bank of the Cascades, Boise,Idaho

President and Chief Executive Officer, Zions Bank, SaltLake City, Utah

President and Chief Executive Officer, United Way ofSalt Lake, Salt Lake City, Utah

Chief Executive Officer, RC Willey, Salt Lake City,Utah

Chairman of the Board, Merrimack Pharmaceuticals,Inc., Salt Lake City, Utah

Chief Executive Officer, Ivory Homes, Ltd., Salt LakeCity, Utah

President and Chief Executive Officer, St. Luke's HealthSystem, Boise, Idaho

President, Washington State, U.S. Bank, Seattle,Washington

President and Chief Executive Officer, TargetedGenetics Corporation, Seattle, Washington

President and Chief Executive Officer, CascadeFinancial Corporation, Everett, Washington

President, Infrastructure Investment Division, StarkInvestments, Seattle, Washington

President, Pacific Northwest Title Holding Company,Seattle, Washington

President, NANA Development Corporation,Anchorage, Alaska

Term expiresDec. 31

2008

2009

2007

2008

2009

2007

2008

2008

2009

2007

2008

i 2009

20072008

2008

2009

2007

2008

2009


2007



Appointed Members

NameFederal Reserve

DistrictDate initially took

oath of office Other datesl

Charles S. Hamlin




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

J.J. ThomasMarriner S. Eccles



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

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, 1950Apr. 2, 1951

Feb. 18, 1952

Feb. 18, 1952

Aug. 12, 1954Aug. 13, 1954


Term expired Aug. 9, 1918.Resigned July 21, 1918.Term expired Aug. 9, 1922.Reappointed in 1924. Reappointed in 1934from the Richmond District. Served untilFeb. 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



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





2007



NameFederal Reserve Date initially took

District oath of office Other dates1


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. KohnBen. S. BernankeKevin M. WarshRandall S. KrosznerFrederic S. Mishkin

DallasAtlanta

Chicago


New York

St. LouisSan FranciscoKansas CityBostonDallasAtlantaRichmondPhiladelphiaMinneapolisSan FranciscoChicagoNew YorkAtlantaPhiladelphiaKansas CitySan FranciscoChicagoKansas CityRichmondSan FranciscoDallasNew YorkBostonSt. LouisRichmondChicagoPhiladelphiaSan FranciscoSt. LouisPhiladelphiaBostonRichmondChicagoMinneapolisAtlantaKansas CityAtlantaNew YorkRichmondBoston

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, 2002Feb. 1,2006Feb. 24, 2006Mar. 1,2006Sept. 5, 2006

Retired Apr. 30, 1967.Reappointed in 1960. Resigned Sept. 18,


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 Aug. 11, 1987.Resigned Sept. 1, 1985.Resigned Apr. 30, 1986.Resigned Mar. 11, 1991.Served through Feb. 9, 1994.Resigned Aug. 3, 1990.Resigned July 31, 1989.Resigned Dec. 31,2001.Resigned Jan. 31,2006.Resigned Apr. 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.Resigned Apr. 28, 2006.Resigned Aug. 31,2005.Resigned Mar. 30, 2007Resigned June 20, 2006.Resigned June 21, 2005.


2007



Name Term

Chairmen3

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 GreenspanBen Bernanke

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-Jan. 31, 20065

Feb. 1,2006-

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.Donald L. Kohn

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-Apr. 28, 2006June 23, 2006-

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




men were designated Governor and Vice Governor.4. Served as Chairman Pro Tempore from Feb. 3,

1948, to Apr. 15, 1948.5. Served as Chairman Pro Tempore from Mar. 3,

1996, to June 20, 1996.


2007

304

Ex

94th Annual Report,

Officio Members

Name

2007

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


2007

55937_2005-2009

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