Board of Directors

As required by the Federal Reserve Act of 1913, the St. Louis Fed is supervised by a board of directors. It is composed of three classes of directors (C, B and A) with three members in each class who are familiar with economic and credit conditions in our Eighth Federal Reserve District.

With branches in Little Rock, Ark., Louisville, Ky., and Memphis, Tenn., the St. Louis Fed also has boards serving these offices. Like the head-office board members, they contribute to the Fed’s understanding of the economy. The Federal Reserve Board of Governors appoints some branch directors; the Reserve bank appoints the others.

All directors are selected for a three-year term of office and may serve two full terms.

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St. Louis | Little Rock | Louisville | Memphis | Federal Advisory Council Representative

Director Demographics | Bylaws, Committees, Eligibility & Conduct

St. Louis Fed Board of Directors

Class C

Class C directors are 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.

  • Carolyn Chism Hardy

    Carolyn Chism Hardy, Chair

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

  • Lal Karsanbhai

    Lal Karsanbhai, Deputy Chair

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

  • Gregory Heckman

    Gregory A. Heckman

    CEO, Bunge Global SA
    St. Louis
    (Term expiration: Dec. 31, 2026)


Class B

Class B directors are 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.

  • R. Andrew Clyde

    R. Andrew Clyde

    President and CEO, Murphy USA Inc.
    El Dorado, Ark.
    (Term expiration: Dec. 31, 2026)

  • Penny Pennington

    Penny Pennington

    Managing Partner, Edward Jones
    St. Louis
    (Term expiration: Dec. 31, 2025)

  • Michael Ugwueke

    Michael Ugwueke

    President and CEO, Methodist Le Bonheur Healthcare
    Memphis, Tenn.
    (Term expiration: Dec. 31, 2024)


Class A

Class A directors are elected by member financial institutions in that district to represent the member financial institutions. They 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. They are prohibited from voting on or approving the selection, appointment or salaries of Reserve bank officers whose primary duties involve banking supervision. Class A directors are also prohibited from voting on or approving the portion of the Reserve bank budget allocated to the banking supervision function.

  • Misty Borrowman

    Misty Borrowman

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

  • Mardie Herndon

    Mardie R. Herndon Jr.

    President and CEO, The Paducah Bank & Trust Co.
    Paducah, Ky.
    (Term expiration: Dec. 31, 2026)

  • Mitchell Waycaster

    C. Mitchell Waycaster

    CEO and Executive Vice Chairman, Renasant Bank
    Tupelo, Miss.
    (Term expiration: Dec. 31, 2025)

 

Little Rock Branch Board of Directors

  • Jamie Henry

    Jamie J. Henry, Chair

    Vice President of Finance, Emerging Payments
    at Walmart Inc.
    Bentonville, Ark.
    (Term expiration: Dec. 31, 2024)

  • Jennifer Anglin

    Jennifer J. Anglin

    Senior Site Director, Pernod Ricard
    Fort Smith, Ark.
    (Term expiration: Dec. 31, 2026)

  • Chris Hegi

    Christopher B. Hegi

    President and CEO, First Financial Bank
    El Dorado, Ark.
    (Term expiration: Dec. 31, 2025)

  • Jeff Lynch

    Jeff Lynch

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

  • Denise Thomas

    Denise Thomas

    CEO, World Trade Center Arkansas, University of Arkansas
    Rogers, Ark.
    (Term expiration: Dec. 31, 2026)

  • Allison Thompson

    Allison J. H. Thompson

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

  • Darrin Williams

    Darrin Williams

    CEO, Southern Bancorp Inc.
    Little Rock, Ark.
    (Term expiration: Dec. 31, 2026)

 

Louisville Branch Board of Directors

  • Emerson Goodwin

    Emerson M. Goodwin, Chair

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

  • Dave Christopher

    Dave W. Christopher Sr.

    Executive Director, AMPED Louisville
    Louisville, Ky.
    (Term expiration: Dec. 31, 2024)

  • Condrad Daniels

    Condrad Daniels

    President, HJI Supply Chain Solutions
    Louisville, Ky.
    (Term expiration: Dec. 31, 2026)

  • James Hillebrand

    James A. Hillebrand

    Chairman and CEO, Stock Yards Bank & Trust
    Louisville, Ky.
    (Term expiration: Dec. 31, 2025)

  • David Tatman

    David E. Tatman

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

  • Carrie Warren

    Carrie A. Warren

    President, Bank of Buffalo
    Hodgenville, Ky.
    (Term expiration: Dec. 31, 2026)

 

Memphis Branch Board of Directors

  • Tracy D. Hall

    Tracy D. Hall, Chair

    President, Southwest Tennessee Community College
    Memphis, Tenn.
    (Term expiration: Dec. 31, 2024)

  • Jeff Agee

    Jeff Agee

    Chairman and CEO, First Citizens National Bank
    Dyersburg, Tenn.
    (Term expiration: Dec. 31, 2026)

  • Tyrone Burroughs

    Tyrone Burroughs

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

  • Davy Carter

    Davy Carter

    Regional President, Centennial Bank
    Jonesboro, Ark.
    (Term expiration: Dec. 31, 2025)

  • Henry Reichle

    Henry N. Reichle Jr.

    President and CEO, Staple Cotton Cooperative Association (Staplcotn)
    Greenwood, Miss.
    (Term expiration: Dec. 31, 2026)

  • Ana Rodriguez

    Ana G. Rodriguez

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

Eighth District Federal Advisory Council Representative

The Federal Advisory Council is composed of 12 representatives of the banking industry. It consults with and advises the Fed Board of Governors on all matters within the Board’s jurisdiction. Each year, the St. Louis Fed chooses one person to represent its District. Members customarily serve three one-year terms.

  • Jeff Ludwig

    Jeffrey G. Ludwig

    President, CEO and Vice Chairman,
    Midland States Bancorp Inc.;
    CEO, Midland States Bank
    Effingham, Ill.
    (Term expiration: Dec. 31, 2024)

Demographic Information

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

Related Documents

Bylaws

View the Federal Reserve Bank of St. Louis Bylaws and the responsibilities of our directors in prescribing bylaws.

Committees

Director Procurement Policy

Our Director Procurement Policy addresses the role of directors in the St. Louis Fed’s procurement activities.

Eligibility

View the Federal Board of Governors website for eligibility, qualifications and policies governing Reserve bank boards of directors.

Guide to Conduct

Directors of Federal Reserve banks have a special obligation for maintaining the integrity, dignity, and reputation of the Federal Reserve System. View the St. Louis Fed’s guide to Director Conduct.

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