Board of Directors

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As required by the Federal Reserve Act of 1913, each Federal Reserve bank is supervised by a board of directors.

Composition

These boards are composed of three classes of directors (A, B and C) with three members in each class who are from outside the Reserve bank and are familiar with economic and credit conditions in their respective Federal Reserve district.

Class A: Elected by member financial institutions in that district to represent the member financial institutions. Class A directors are not permitted to take part in the selection of a Reserve bank’s president or first vice president, nor are they allowed to sit on search committees for those positions. Class A directors are prohibited from voting on or approving the selection, appointment or salaries of Reserve bank officers whose primary duties involve banking supervision. They are also prohibited from voting on or approving the portion of the Reserve bank budget allocated to the banking supervision function.
Class B: Elected by member financial institutions in that district to represent the public with consideration to the interests of agriculture, commerce, industry, services, labor and consumers.
Class C: Appointed by the Board of Governors of the Federal Reserve System to represent the public with consideration to the interests of agriculture, commerce, industry, services, labor and consumers.

Each Reserve bank branch also has a board of directors. The Board of Governors appoints some branch directors, and the Reserve bank appoints the others.

Demographic Information

View detailed information on the St. Louis Fed's board of directors in our demographics tables.

2023 Board of Directors Demographic Information - PDF (as of Jan. 1, 2023).
2022 Board of Directors Demographic Information - PDF (as of Jan. 1, 2022).

For information on gender and racial/ethnic diversity, and sector representation of Reserve bank directors across the System, see the Board of Governors’ website.

St. Louis | Little Rock | Louisville | Memphis

St. Louis Fed Board of Directors

Class C

James M. McKelvey Jr., Chair
Founder and CEO, Invisibly Inc.
St. Louis
(Term expiration: Dec. 31, 2023)
Carolyn Chism Hardy, Deputy Chair
President and CEO, Chism Hardy Investments LLC
Bartlett, Tenn.
(Term expiration: Dec. 31, 2025)
Lal Karsanbhai
President and CEO, Emerson Electric Co.
St. Louis
(Term expiration: Dec. 31, 2024)

Class B

R. Andrew Clyde
President and CEO, Murphy USA Inc.
El Dorado, Ark.
(Term expiration: Dec. 31, 2023)
Penny Pennington
Managing Partner, Edward Jones
St. Louis
(Term expiration: Dec. 31, 2025)
Michael Ugwueke
President and CEO, Methodist Le Bonheur Healthcare
Memphis, Tenn.
(Term expiration: Dec. 31, 2024)

Class A

Misty Borrowman
President and CEO, Bank of Hillsboro
Hillsboro, Ill.
(Term expiration: Dec. 31, 2024)
Elizabeth G. McCoy
CEO, Planters Bank Inc.
Hopkinsville, Ky.
(Term expiration: Dec. 31, 2023)
C. Mitchell Waycaster
President and CEO, Renasant Bank
Tupelo, Miss.
(Term expiration: Dec. 31, 2025)

Little Rock Branch Board of Directors

Vickie D. Judy, Chair
Chief Financial Officer and Vice President, America's Car-Mart Inc.
Rogers, Ark.
(Term expiration: Dec. 31, 2023)
Christopher B. Hegi
President and CEO, First Financial Bank
El Dorado, Ark.
(Term expiration: Dec. 31, 2025)
Jamie J. Henry
Vice President, Finance, Emerging Payments at Walmart Inc.
Bentonville, Ark.
(Term expiration: Dec. 31, 2024)
Jeff Lynch
President and CEO, Eagle Bank & Trust Co.
Little Rock, Ark.
(Term expiration: Dec. 31, 2024)
Denise Thomas
CEO, World Trade Center Arkansas, University of Arkansas
Rogers, Ark.
(Term expiration: Dec. 31, 2023)
Allison J. H. Thompson
President and CEO, Economic Development Alliance for Jefferson County, Arkansas
Pine Bluff, Ark.
(Term expiration: Dec. 31, 2025)
Darrin Williams
CEO, Southern Bancorp Inc.
Little Rock, Ark.
(Term expiration: Dec. 31, 2023)

More about the Little Rock Branch

Louisville Branch Board of Directors

Emerson M. Goodwin, Chair
Senior Vice President of Business Development, ARcare
Bentonville, Ark.
(Term expiration: Dec. 31, 2024)
Tara E. Barney
CEO, Evansville Regional Economic Partnership
Evansville, Ind.
(Term expiration: Dec. 31, 2023)
Dave W. Christopher Sr.
Executive Director, AMPED Louisville
Louisville, Ky.
(Term expiration: Dec. 31, 2024)
James A. Hillebrand
Chairman and CEO, Stock Yards Bank & Trust
Louisville, Ky.
(Term expiration: Dec. 31, 2025)
Sadiqa N. Reynolds
CEO, Perception Institute
New York, Ny.; and
President of the Board, Norton Healthcare Sports & Learning Center
Louisville, Ky.
(Term expiration: Dec. 31, 2023)
David E. Tatman
Assistant Plant Manager and Director of Engineering, Bendix Commercial Vehicle Systems
Bowling Green, Ky.
(Term expiration: Dec. 31, 2025)
Blake B. Willoughby
President and Chairman, First Breckinridge Bancshares Inc.
Irvington, Ky.
(Term expiration: Dec. 31, 2023)

More about the Louisville Branch

Memphis Branch Board of Directors

Beverly Crossen, Chair
Owner, FarmHouse Tupelo
Tupelo, Miss.
(Term expiration: Dec. 31, 2023)
Jeff Agee
Chairman and CEO, First Citizens National Bank
Dyersburg, Tenn.
(Term expiration: Dec. 31, 2023)
Tyrone Burroughs
President and CEO, First Choice Sales and Marketing Group Inc.
Memphis, Tenn.
(Term expiration: Dec. 31, 2024)
Davy Carter
Regional President, Centennial Bank
Jonesboro, Ark.
(Term expiration: Dec. 31, 2025)
Tracy D. Hall
President, Southwest Tennessee Community College
Memphis, Tenn.
(Term expiration: Dec. 31, 2024)
Henry N. Reichle Jr.
President and CEO, Staple Cotton Cooperative Association (Staplcotn)
Greenwood, Miss.
(Term expiration: Dec. 31, 2023)

More about the Memphis Branch

Eighth District Federal Advisory Council Representative

George Makris Jr.
Chairman and CEO, Simmons First National Corp.
Pine Bluff, Ark.
(Term expiration: Dec. 31, 2023)

More about the Federal Advisory Council