Nearly all presidents, first VPs of Federal Reserve Banks reappointed for five-year terms

With only two exceptions, all current 12 Federal Reserve Bank presidents and first vice president were reappointed, the Fed Board announced late Thursday.

In a released, the Fed said it voted unanimously is reappoint the bank leaders, following a comprehensive review by the boards of directors of the regional reserve banks. All reserve bank presidents and first vice presidents serve five-year terms, with each of the current terms expiring on Feb. 28, the agency said. The new five-year term begins on March 1.

The Fed noted that the only current executives who were not reappointed were Raphael W. Bostic, who previously announced his retirement as president of the Federal Reserve Bank of Atlanta at the end of his current term; and, Shonda S. Clay, who had previously been approved as first vice president of the Federal Reserve Bank of Chicago for a term starting March 1, following the retirement of Ellen Bromagen from that role.

The presidents and first vice presidents, by Federal Reserve district, approved to serve new, five-year terms are:

• Boston: Susan M. Collins, president; and Karen A. Pennell, first vice president.
• New York: John C. Williams, president; and Sushmita Shukla, first vice president.
• Philadelphia: Anna Paulson, president; and Jeanne R. Rentezelas, first vice president.
• Cleveland: Beth M. Hammack, president; and Mark S. Meder, first vice president.
• Richmond: Thomas I. Barkin, president; and Becky C. Bareford, first vice president.
• Atlanta: Cheryl L. Venable, first vice president.
• Chicago: Austan D. Goolsbee, president.
• St. Louis: Alberto Musalem, president; and François G. Henriquez, II, first vice president.
• Minneapolis: Neel T. Kashkari, president; and Ron J. Feldman, first vice president.
• Kansas City: Jeffrey R. Schmid, president; Kimberly N. Robbins, first vice president.
• Dallas: Lorie K. Logan, president; and Robert L. Triplett, III, first vice president.
• San Francisco: Mary C. Daly, president; and Sarah E. Devany, first vice president.

Federal Reserve Board announces reappointment of Reserve Bank presidents and first vice presidents