Presidents of the Federal Reserve Bank of Richmond
The president of the Federal Reserve Bank of Richmond is the chief executive officer of the Fifth Federal Reserve District, headquartered in Richmond, Virginia. 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.
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1914 - 1936 | George J. Seay
Title: Governor of the Federal Reserve Bank of Richmond
George J. Seay served as governor of the Federal Reserve Bank of Richmond from October 5, 1914, to February 29, 1936. -
1936 - 1961 | Hugh Leach
Title: President of the Federal Reserve Bank of Richmond
Hugh Leach served as president of the Federal Reserve Bank of Richmond from March 12, 1936, to February 28, 1961. -
1961 - 1968 | Edward A. Wayne
Title: President of the Federal Reserve Bank of Richmond
Edward A. Wayne served as president of the Federal Reserve Bank of Richmond from March 1, 1961, to March 31, 1968. -
1968 - 1973 | Aubrey N. Heflin
Title: President of the Federal Reserve Bank of Richmond
Aubrey N. Heflin served as president of the Federal Reserve Bank of Richmond from April 1, 1968, to January 16, 1973. -
1973 - 1992 | Robert P. Black
Title: President of the Federal Reserve Bank of Richmond
Robert P. Black served as president of the Federal Reserve Bank of Richmond from August 6, 1973, to December 31, 1992. -
1993 - 2004 | J. Alfred Broaddus Jr.
Title: President of the Federal Reserve Bank of Richmond
J. Alfred Broaddus Jr. served as president of the Federal Reserve Bank of Richmond from January 1, 1993, to July 31, 2004. -
2004 - 2017 | Jeffrey M. Lacker
Title: President of the Federal Reserve Bank of Richmond
Jeffrey M. Lacker served as president of the Federal Reserve Bank of Richmond from August 1, 2004, to April 4, 2017. -
2018 - | Thomas I. Barkin
Title: President of the Federal Reserve Bank of Richmond
Thomas I. Barkin began his term as president of the Federal Reserve Bank of Richmond on January 1, 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 Richmond. https://fraser.stlouisfed.org/timeline/presidents-frb-richmond, accessed on June 22, 2024.
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