The Banking Act of 1935 renamed the "Federal Reserve Board" as the "Board of Governors of the Federal Reserve System," the "governor" of the Board as the "chairman" and the "vice governor" as the "vice chairman" of the Board, and renamed "members" of the Board as "governors." The Banking Act of 1935 also made the following more structural changes: The Banking Act of 1935 made several changes in the nomenclature and the structure of the Board. Return to text Vice Governors of the Federal Reserve Board, 1914-36 Date of term The members of the Board who went out of office on Feb. The active executive officer of the Board was known as "Governor" until the passage of the Banking Act of 1935. Return to text Governors and Active Executive Officers of the Federal Reserve Board 1914-36 1 Date of termġ. Mills became ex-officio chairman of the Federal Reserve Board. The Secretary of the Treasury served as Chairman until the Banking Act of 1935, approved Aug. Secretaries of the Treasury and Chairs of the Federal Reserve Board, 1913-36 1ġ. Members of the Federal Reserve Board and Board of Governors of the Federal Reserve System Vice Chair of the Board of Governors of the Federal Reserve System Vice Governors of the Federal Reserve Board
Governors and Active Executive Officers of the Federal Reserve BoardĬhair and Active Executive Officers of the Board of Governors of the Federal Reserve System Secretaries of the Treasury and Chair of the Federal Reserve Board The Act of June 3, 1922, increased the number of members appointed by the President from five to six. Of the five members appointed by the President, the President designated one as "governor" and one as "vice governor." The governor of the Federal Reserve Board, subject to its supervision, was the active executive officer.President appointed the other five members, by and with the advice and consent of the Senate. The Secretary of the Treasury and the Comptroller of the Currency, who were members ex officio (members by virtue of their office).Initially, the Federal Reserve Board consisted of seven members: For a complete list of all Board members from 1914 to present, see the table at the bottom of this page. Statutory changes to the Board's leadership structure occurred over time: one in 1922, major changes in 1935, and additional changes in 1977, 2010, and 2015. Over the years, the Board's leadership structure has evolved and adapted in the System's efforts to serve effectively the nation, the economy, and the American public. The first Federal Reserve Board was officially sworn in on August 10, 1914. Factors Affecting Reserve Balances - H.4.1.Industrial Production and Capacity Utilization - G.17.Survey of Household Economics and Decisionmaking.Household Debt Service and Financial Obligations Ratios.Financial Accounts of the United States - Z.1.Statistics Reported by Banks and Other Financial Firms in the United States.Senior Credit Officer Opinion Survey on Dealer Financing Terms.New Security Issues, State and Local Governments.Senior Loan Officer Opinion Survey on Bank Lending Practices.Charge-Off and Delinquency Rates on Loans and Leases at Commercial Banks.Assets and Liabilities of Commercial Banks in the U.S.Aggregate Reserves of Depository Institutions and the Monetary Base - H.3.Payments System Policy Advisory Committee.International Standards for Financial Market Infrastructures.Supervision & Oversight of Financial Market Infrastructures.Sponsorship for Priority Telecommunication Servicesįinancial Market Utilities & Infrastructures.Federal Reserve's Key Policies for the Provision of Financial Services.Regulation HH (Financial Market Utilities).Regulation II (Debit Card Interchange Fees and Routing).Regulation CC (Availability of Funds and Collection of Checks).Securities Underwriting & Dealing Subsidiaries.Enforcement Actions & Legal Developments.Federal Financial Institutions Examination Council (FFIEC)īanking Applications & Legal Developments.Federal Reserve Supervision and Regulation Report.Community & Regional Financial Institutions.