Presidents of the Federal Reserve Bank of New York
The president of the Federal Reserve Bank of New York is the chief executive officer of the Second Federal Reserve District, headquartered in New York, New York. The president also serves as a permanent voting member and vice chairman of 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 the FOMC meetings, participate in the discussions, and contribute to the Committee'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.
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1914 - 1928 | Benjamin Strong Jr.
Title: Governor of the Federal Reserve Bank of New York
Benjamin Strong Jr. served as governor of the Federal Reserve Bank of New York from October 5, 1914, to October 16, 1928. -
1928 - 1940 | George L. Harrison
Title: Governor of the Federal Reserve Bank of New York, which was changed to president of the Federal Reserve Bank of New York on March 1, 1936
George L. Harrison served as governor (later president) of the Federal Reserve Bank of New York from November 22, 1928, to December 31, 1940. -
1941 - 1956 | Allan Sproul
Title: President of the Federal Reserve Bank of New York
Allan Sproul served as president of the Federal Reserve Bank of New York from January 1, 1941, to June 30, 1956. -
1956 - 1975 | Alfred Hayes
Title: President of the Federal Reserve Bank of New York
Alfred Hayes served as president of the Federal Reserve Bank of New York from August 1, 1956, to August 1, 1975. -
1975 - 1979 | Paul A. Volcker
Title: President of the Federal Reserve Bank of New York
Paul A. Volcker served as president of the Federal Reserve Bank of New York from August 1, 1975, to August 2, 1979. -
1980 - 1985 | Anthony M. Solomon
Title: President of the Federal Reserve Bank of New York
Anthony M. Solomon served as president of the Federal Reserve Bank of New York from April 1, 1980, to January 1, 1985. -
1985 - 1993 | E. Gerald Corrigan
Title: President of the Federal Reserve Bank of New York
E. Gerald Corrigan served as president of the Federal Reserve Bank of New York from January 1, 1985, to July 19, 1993. -
1993 - 2003 | William J. McDonough
Title: President of the Federal Reserve Bank of New York
William J. McDonough served as president of the Federal Reserve Bank of New York from July 19, 1993, to June 11, 2003. -
2003 - 2009 | Timothy F. Geithner
Title: President of the Federal Reserve Bank of New York
Timothy F. Geithner served as president of the Federal Reserve Bank of New York from November 17, 2003, to January 27, 2009. -
2009 - 2018 | William C. Dudley
Title: President of the Federal Reserve Bank of New York
William C. Dudley served as president of the Federal Reserve Bank of New York from January 27, 2009, to June 17, 2018. -
2018 - | John C. Williams
Title: President of the Federal Reserve Bank of New York
John C. Williams began his term as president of the Federal Reserve Bank of New York on June 18, 2018.
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 New York. https://fraser.stlouisfed.org/timeline/presidents-frb-newyork, accessed on November 15, 2024.