Presidents of the Federal Reserve Bank of Minneapolis
The president of the Federal Reserve Bank of Minneapolis is the chief executive officer of the Ninth Federal Reserve District, headquartered in Minneapolis, Minnesota. The president also serves on the Federal Open Market Committee (FOMC), which consists of 12 members: the seven members of the Board of Governors of the Federal Reserve System; the president of the Federal Reserve Bank of New York; and four of the remaining 11 Reserve Bank presidents, who serve one-year terms on a rotating basis. Nonvoting Reserve Bank presidents attend FOMC meetings, participate in the discussions, and contribute to the FOMC's assessment of the economy and policy options.
Prior to the enactment of the Banking Act of 1935, the chief executive officer of each Federal Reserve Bank held the title of governor.
-
1914 - 1919 | Theodore Wold
Title: Governor of the Federal Reserve Bank of Minneapolis
Theodore Wold served as governor of the Federal Reserve Bank of Minneapolis from October 27, 1914, to October 1, 1919. -
1919 - 1927 | Roy A. Young
Title: Governor of the Federal Reserve Bank of Minneapolis
Roy A. Young served as governor of the Federal Reserve Bank of Minneapolis from October 1, 1919, to September 26, 1927. -
1927 - 1936 | W. B. Geery
Title: Governor of the Federal Reserve Bank of Minneapolis, which was changed to president of the Federal Reserve Bank of Minneapolis on March 1, 1936
W. B. Geery served as governor (later president) of the Federal Reserve Bank of Minneapolis from September 27, 1927, to March 1, 1936. -
1936 - 1952 | John N. Peyton
Title: President of the Federal Reserve Bank of Minneapolis
John N. Peyton served as president of the Federal Reserve Bank of Minneapolis from March 1, 1936, to June 30, 1952. -
1952 - 1957 | Oliver S. Powell
Title: President of the Federal Reserve Bank of Minneapolis
Oliver S. Powell served as president of the Federal Reserve Bank of Minneapolis from July 1, 1952, to March 31, 1957. -
1957 - 1965 | Frederick L. Deming
Title: President of the Federal Reserve Bank of Minneapolis
Frederick L. Deming served as president of the Federal Reserve Bank of Minneapolis from April 1, 1957, to January 31, 1965. -
1965 - 1971 | Hugh D. Galusha Jr.
Title: President of the Federal Reserve Bank of Minneapolis
Hugh D. Galusha Jr. served as president of the Federal Reserve Bank of Minneapolis from May 1, 1965, to January 31, 1971. -
1971 - 1977 | Bruce K. MacLaury
Title: President of the Federal Reserve Bank of Minneapolis
Bruce K. MacLaury served as president of the Federal Reserve Bank of Minneapolis from July 1, 1971, to February 28, 1977. -
1977 - 1980 | Mark H. Willes
Title: President of the Federal Reserve Bank of Minneapolis
Mark H. Willes served as president of the Federal Reserve Bank of Minneapolis from April 16, 1977, to June 30, 1980. -
1980 - 1984 | E. Gerald Corrigan
Title: President of the Federal Reserve Bank of Minneapolis
E. Gerald Corrigan served as president of the Federal Reserve Bank of Minneapolis from August 1, 1980, to December 31, 1984. -
1985 - 2009 | Gary H. Stern
Title: President of the Federal Reserve Bank of Minneapolis
Gary H. Stern served as president of the Federal Reserve Bank of Minneapolis from March 21, 1985, to September 1, 2009. -
2009 - 2015 | Narayana Kocherlakota
Title: President of the Federal Reserve Bank of Minneapolis
Narayana Kocherlakota served as president of the Federal Reserve Bank of Minneapolis from October 8, 2009, to December 31, 2015. -
2016 - | Neel Kashkari
Title: President of the Federal Reserve Bank of Minneapolis
Neel Kashkari began his term as president of the Federal Reserve Bank of Minneapolis on January 1, 2016.
The process for selecting a Federal Reserve Bank president is set forth in the Federal Reserve Act. The president is appointed by the individual Reserve Bank's board of directors and approved by the Board of Governors of the Federal Reserve System for a renewable term of five years. For additional details, see How is a Federal Reserve Bank president selected? published by the Board of Governors.
Presidents of the Federal Reserve Bank of Minneapolis. https://fraser.stlouisfed.org/timeline/presidents-frb-minneapolis, accessed on November 17, 2024.