Current Board of Directors
The following people are on the board of directors as of 2012:
| Class | Name | Company | Residence | Term Expires Dec 31 | Notes |
|---|---|---|---|---|---|
| A | David W. Brownback | Citizens State Bank & Trust Company | Ellsworth, Kansas | 2012 | |
| A | Max T. Wake | Jones National Bank & Trust Co. | Seward, Nebraska | 2013 | |
| A | John A. Ikard | FirstBank Holding Company | Lakewood, Colorado | 2014 | |
| B | John T. Stout, Jr. | Plaza Belmont Management Group LLC | Shawnee Mission, Kansas | 2012 | |
| B | Mark Gordon | Merlin Ranch | Buffalo, Wyoming | 2013 | |
| B | Richard K. Ratcliffe | Ratcliffe\'s Inc. | Weatherford, Oklahoma | 2014 | |
| C | Paul DeBruce | DeBruce Grain | Kansas City, Missouri | 2012 | Chairman |
| C | Terry L. Moore | Omaha Federation of Labor, AFL-CIO | Omaha, Nebraska | 2013 | |
| C | Barbara Mowry | GoreCreek Advisors | Greenwood Village, Colorado | 2014 | Deputy Chairman |
According the Kansas City's website the directors blended as follows:
Class A - Three Class A directors represent commercial banks that are members of the Federal Reserve System. These directors are bankers who are nominated and elected by member banks within the Tenth Federal Reserve District, which includes western Missouri, Nebraska, Kansas, Oklahoma, Wyoming, Colorado and northern New Mexico. Under the Class A category, a director will be elected by a specific group of member banks classified as either 1, 2 or 3. This classification is based on the total amount of capital and surplus for each commercial bank, with Group 1 banks being the largest. Each group within the class elects one director.
Class B - Three Class B directors represent the public. Class B directors may not be an officer, director or employee of a bank or bank holding company. These directors are also elected by member banks under the same categories as Class A directors.
Class C - Three Class C directors also represent the public, but are appointed by the Board of Governors of the Federal Reserve System. This adds another layer to the blending of public and private control over the nation’s central bank. The Board of Governors also selects both the chairman and deputy chairman of each regional Federal Reserve Bank’s Board of Directors from among the Class C directors. These directors are highly insulated from banking relationships. They may not be an officer, director or employee of a bank or bank holding company. Additionally, these directors may not own stock in a bank or a bank holding company.
Read more about this topic: Federal Reserve Bank Of Kansas City
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