How many directors are on the board for each of the 12 federal reserve banks?
Each of the 12 Reserve Banks is subject to the supervision of a
ninemember board of directors (board). Six of the directors are
elected by the member banks of the respective Federal Reserve
District (District), and three of the directors are appointed by
the Board of Governors. Most Reserve Banks have at least one
Branch, and each Branch has its own board of directors. A majority
of the directors on a Branch board are appointed by the Reserve
Bank, and the remaining Branch directors are appointed by the Board
of Governors.
Related Q&A：
Are board of directors compensated-Well, typically, board of directors are compensated. But it really depends on the company and its policies. In many cases, they receive some form of compensation for their time, expertise, and responsibilities. This could include cash payments, stock options, or other benefits. However, the amount and type of compensation can vary widely from one organization to another. Sometimes, it's based on the company's performance or specific goals achieved. Oh, and it's also possible for some directors to serve without monetary compensation, especially in smaller or non-profit organizations. So, it's not a one-size-fits-all situation!
