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Monday, February 8, 2016

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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.


Chairman

Michael J. Angelakis
Chairman and CEO
Atairos Management, L.P., External Link Bryn Mawr, PA

Senior Advisor to the Executive Management Committee
Comcast Corporation, External Link Philadelphia, PA
Class C director. Term ends December 31, 2017. (a, d)

 

Deputy Chairman

Brian M. McNeill
President and CEO
TouchPoint, Inc., External Link Concordville, PA
Class C director. Term ends December 31, 2016. (a, c, d)

Board Members

William S. Aichele
Chairman
Univest Corporation of Pennsylvania, External Link Souderton, PA
Class A director. Term ends December 31, 2016. (a, c)

Jon Evans
President and CEO
Atlantic Community Bankers Bank, External Link Camp Hill, PA
Class A director. Term ends December 31, 2017. (a, b)

Edward J. Graham
Former Chairman and CEO
South Jersey Industries, External Link Folsom, NJ
Class B director. Term ends December 31, 2016. (a, b, d)

 

Patricia Hasson
President and Executive Director
Clarifi, External Link Philadelphia, PA
Class B director. Term ends December 31, 2017. (a, c)

David R. Hunsicker
Chairman, President, and CEO
New Tripoli Bank, External Link New Tripoli, PA
Class A director. Term ends December 31, 2018. (a, b, d)

Carol J. Johnson
President and COO
AlliedBarton Security Services, External Link Conshohocken, PA
Class B director. Term ends December 31, 2018. (a, c)


  • 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
  • Last update: January 7, 2016