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Board of Directors

As provided by the Federal Reserve Act, each of the 12 Reserve Banks is supervised 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.


Chair

Phoebe A. Haddon
Chancellor
Rutgers University–CamdenExternal Link Camden, NJ
Class C director. Term ends December 31, 2021. (a, b, d)

 

Deputy Chair

Madeline Bell
President and CEO
Children’s Hospital of Philadelphia, Philadelphia, PA
Class C director. Term ends December 31, 2020. (a, c, d)

Board Members

Jon Evans
President and CEO
Atlantic Community Bankers Bank, External Link Camp Hill, PA
Class A director. Term ends December 31, 2020. (a, b, d)

John Fry
President
Drexel University, External Link Philadelphia, PA
Class B director. Term ends December 31, 2022. (a, b)

Patricia A. Hasson
President and Executive Director
Clarifi, External Link Philadelphia, PA
Class B director. Term ends December 31, 2020. (a, c)

Anthony Ibargüen
President and CEO
Quench USA, Inc., External Link King of Prussia, PA
AquaVenture Holdings, Ltd., External Link Tampa, FL
Class C director. Term ends December 31, 2022. (a, c)

 

Julia H. Klein
Chairwoman and CEO
C.H. Briggs Company, Inc., External Link Philadelphia, PA
Class B director. Term ends December 31, 2021. (a, d)

Christopher D. Maher
Chairman, President, and CEO
OceanFirst Financial Corp.External Link Toms River, NJ
Class A director. Term ends December 31, 2022. (a, c)

Timothy Snyder
President and CEO
Fleetwood Bank, External Link Fleetwood, PA
Class A director. Term ends December 31, 2021. (a, b)



  • 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. All directors participate on the Executive Committee on a rotational basis.
  • Last update: January 14, 2020