Federal Reserve Reappoints Reserve Bank Presidents and Vice Presidents
The Federal Reserve Board has officially announced the reappointment of several Federal Reserve Bank presidents and first vice presidents. This announcement, made on December 11, 2025, follows a careful review by the boards of directors of the regional Reserve Banks and a unanimous decision by Federal Reserve Board members.
Reappointment Details
All Reserve Bank presidents and first vice presidents serve five-year terms, which will expire on February 28, 2026. The new five-year terms for the reappointed officials will commence on March 1, 2026.
Performance Review Process
The reappointment process began in December 2024, where each Reserve Bank’s board of directors evaluated their president and first vice president based on various performance criteria. Key factors included:
- Engagement with local business, financial, and non-profit communities
- Effectiveness as the chief executive officer of the Reserve Bank
- Leadership contributions to the broader Federal Reserve System
First vice presidents were assessed mainly on their roles as chief operating officers of their respective banks, focusing on management of operations and Federal Reserve System initiatives. Input was gathered from civic and industry leaders to inform these evaluations.
List of Reappointed Officials by District
Below is the list of presidents and first vice presidents by Federal Reserve district:
| District | President | First Vice President |
|---|---|---|
| Boston | Susan M. Collins | Karen A. Pennell |
| New York | John C. Williams | Sushmita Shukla |
| Philadelphia | Anna Paulson | Jeanne R. Rentezelas |
| Cleveland | Beth M. Hammack | Mark S. Meder |
| Richmond | Thomas I. Barkin | Becky C. Bareford |
| Atlanta | Cheryl L. Venable | |
| Chicago | Austan D. Goolsbee | |
| St. Louis | Alberto Musalem | François G. Henriquez, II |
| Minneapolis | Neel T. Kashkari | Ron J. Feldman |
| Kansas City | Jeffrey R. Schmid | Kimberly N. Robbins |
| Dallas | Lorie K. Logan | Robert L. Triplett, III |
| San Francisco | Mary C. Daly | Sarah E. Devany |
Upcoming Changes
Notably, Raphael W. Bostic has announced his retirement as president of the Federal Reserve Bank of Atlanta. His term will conclude at the end of the current term. Additionally, Shonda S. Clay has been confirmed as the first vice president of the Federal Reserve Bank of Chicago, starting March 1, 2026, following Ellen Bromagen’s retirement from that position.
For further information, media inquiries can be directed to [email protected] or by calling 202-452-2955.
