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.

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)

  • Headshot of Carolyn Chism Hardy

    Carolyn Chism Hardy, Deputy Chair
    President and CEO, Chism Hardy Investments LLC
    Bartlett, Tenn.
    (Term expiration: Dec. 31, 2025)

  • Headshot of Lal Karsanbhai

    Lal Karsanbhai
    President and CEO, Emerson Electric Co.
    St. Louis
    (Term expiration: Dec. 31, 2024)

Class B

  • Headshot of Andrew Clyde

    R. Andrew Clyde
    President and CEO, Murphy USA Inc.
    El Dorado, Ark.
    (Term expiration: Dec. 31, 2023)

  • Penny Pennington

    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

  • Headshot of Misty Borrowman

    Misty Borrowman
    President and CEO, Bank of Hillsboro
    Hillsboro, Ill.
    (Term expiration: Dec. 31, 2024)

  • Headshot of Elizabeth G. McCoy

    Elizabeth G. McCoy
    CEO, Planters Bank Inc.
    Hopkinsville, Ky.
    (Term expiration: Dec. 31, 2023)

  • C. Mitchell Waycaster

    C. Mitchell Waycaster
    President and CEO, Renasant Bank
    Tupelo, Miss.
    (Term expiration: Dec. 31, 2025)

 

Little Rock Branch Board of Directors

  • Headshot of Vickie D. Judy

    Vickie D. Judy, Chair
    Chief Financial Officer and Vice President, America's Car-Mart Inc.
    Rogers, Ark.
    (Term expiration: Dec. 31, 2023)

  • Chris Hegi

    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)

  • Headshot of Jeff Lynch

    Jeff Lynch
    President and CEO, Eagle Bank & Trust Co.
    Little Rock, Ark.
    (Term expiration: Dec. 31, 2024)

  • Headshot of Denise Thomas

    Denise Thomas
    CEO, World Trade Center Arkansas, University of Arkansas
    Rogers, Ark.
    (Term expiration: Dec. 31, 2023)

  • Headshot of Allison J. H. Thompson

    Allison J. H. Thompson
    President and CEO, Economic Development Alliance for Jefferson County, Arkansas
    Pine Bluff, Ark.
    (Term expiration: Dec. 31, 2025)

  • Headshot of Darrin Williams

    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

  • Headshot of Emerson M. Goodwin

    Emerson M. Goodwin, Chair
    Senior Vice President of Business Development, ARcare
    Bentonville, Ark.
    (Term expiration: Dec. 31, 2024)

  • Headshot of Tara E. Barney

    Tara E. Barney
    CEO, Evansville Regional Economic Partnership
    Evansville, Ind.
    (Term expiration: Dec. 31, 2023)

  • Headshot of Dave W. Christopher Sr.

    Dave W. Christopher Sr.
    Executive Director, AMPED Louisville
    Louisville, Ky.
    (Term expiration: Dec. 31, 2024)

  • Headshot of James A. Hillebrand

    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)

  • Headshot of David E. Tatman

    David E. Tatman
    Assistant Plant Manager and Director of Engineering, Bendix Commercial Vehicle Systems
    Bowling Green, Ky.
    (Term expiration: Dec. 31, 2025)

  • Headshot of Blake B. Willoughby

    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

    Jeff Agee
    Chairman and CEO, First Citizens National Bank
    Dyersburg, Tenn.
    (Term expiration: Dec. 31, 2023)

  • Headshot of Tyrone Burroughs

    Tyrone Burroughs
    President and CEO, First Choice Sales and Marketing Group Inc.
    Memphis, Tenn.
    (Term expiration: Dec. 31, 2024)

  • Russell D. Carter III

    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

    Henry N. Reichle Jr.
    President and CEO, Staple Cotton Cooperative Association (Staplcotn)
    Greenwood, Miss.
    (Term expiration: Dec. 31, 2023)

  • Ana G. Rodriguez

    Ana G. Rodriguez
    Executive Vice President and Chief People Officer, Monogram Foods
    Memphis, Tenn.
    (Term expiration: Dec. 31, 2025)

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

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