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Monday, September 1, 2014

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Board of Directors

As provided by the Federal Reserve Act, each of the twelve Reserve Banks is overseen by a nine-member board of directors. The directors oversee the Bank's direction and performance and they participate in the formulation of the Fed's monetary policy through their reports on economic and financial conditions and their decisions on the Bank's discount rate.


Chairman

James E. Nevels
Founder and Chairman
The Swarthmore Group, External Link Philadelphia, PA
Class C director. Term ends December 31, 2015. (a, d)

 

Deputy Chairman

Michael J. Angelakis
Vice Chairman and CFO
Comcast Corporation, External Link Philadelphia, PA
Class C director. Term ends December 31, 2014. (a, c, d)

Board Members

William S. Aichele
Chairman and CEO
Univest Corporation of Pennsylvania, External Link Souderton, PA
Class A director. Term ends December 31, 2016. (a, c)

Edward J. Graham
President and CEO
South Jersey Industries, External Link Folsom, NJ
Class B director. Term ends December 31, 2016. (a, b)

Patrick T. Harker
President
University of Delaware, External Link Newark, DE
Class B director. Term ends December 31, 2014. (c, d)

David R. Hunsicker
Chairman, President and CEO
New Tripoli Bank, External Link New Tripoli, PA
Class A director. Term ends December 31, 2015. (b)

 

Brian M. McNeill
President and CEO
Southco Inc., External Link Concordville, PA
Class C director. Term ends December 31, 2016. (b)

Frederick C. "Ted" Peters, II
Chairman and CEO
The Bryn Mawr Trust Company, External Link Bryn Mawr, PA
Class A director. Term ends December 31, 2014. (a, b,d)

Rosemary Turner
President
United Parcel Service's North California District, External Link
Oakland, CA
Class B director. Term ends December 31, 2015. (c)

Meet Our Board of Directors

For personal and detailed articles about our board members, read our directors' profiles.

  • District member banks elect three Class A directors to represent banking and three Class B directors to represent the public; the Board of Governors appoints three Class C directors to represent the public, including the chair and deputy chair of the board.
  • Reserve Banks operate under the general supervision of the Board of Governors of the Federal Reserve System in Washington, D.C. The Board of Governors has established policies regarding the roles and responsibilities External Link of Reserve Bank directors.
  • Within this framework, the board operates under a set of bylaws PDF and has established an Executive Committee and three other standing committees: Audit; PDF Management and Budget; PDF and Nominating and Governance.PDF
  • (a) Member of the Bank’s Executive Committee; (b) Member of the Bank’s Audit Committee; (c) Member of the Bank’s Management and Budget Committee; (d) Member of the Bank’s Nominating and Governance Committee
  • Last update: December 31, 2013