Membership of the Board of Governors of the Federal Reserve System, 1913-99.

APPOINTIVE MEMBERS(1)

                          Federal Reserve   Date of initial
         Name                District       oath of office

Charles S. Hamlin         Boston            Aug. 10, 1914

Paul M. Warburg           New York          Aug. 10, 1914
Frederic A. Delano        Chicago           Aug. 10, 1914
W.P.G. Harding            Atlanta           Aug. 10, 1914
Adolph C. Miller          San Francisco     Aug. 10, 1914

Albert Strauss            New York          Oct. 26, 1918
Henry A. Moehlenpah       Chicago           Nov. 10, 1919
Edmund Platt              New York          June 8, 1920
David C. Wills            Cleveland         Sept. 29, 1920
John R. Mitchell          Minneapolis       May 12, 1921
Milo D. Campbell          Chicago           Mar. 14, 1923
Daniel R. Crissinger      Cleveland         May 1, 1923
George R. James           St. Louis         May 14, 1923
Edward H. Cunningham      Chicago           May 14, 1923
Roy A. Young              Minneapolis       Oct. 4, 1927
Eugene Meyer              New York          Sept. 16, 1930
Wayland W. Magee          Kansas City       May 18, 1931
Eugene R. Black           Atlanta           May 19, 1933
M.S. Szymczak             Chicago           June 14, 1933
J.J. Thomas               Kansas City       June 14, 1933
Marriner S. Eccles        San Francisco     Nov. 15, 1934

Joseph A. Broderick       New York          Feb. 3, 1936
John K. McKee             Cleveland         Feb. 3, 1936
Ronald Ransom             Atlanta           Feb. 3, 1936
Ralph W. Morrison         Dallas            Feb. 10, 1936
Chester C. Davis          Richmond          June 25, 1936
Ernest G. Draper          New York          Mar. 30, 1938
Rudolph M. Evans          Richmond          Mar. 14, 1942
James K. Vardaman, Jr.    St. Louis         Apr. 4, 1946
Lawrence Clayton          Boston            Feb. 14, 1947
Thomas B. McCabe          Philadelphia      Apr. 15, 1948
Edward L. Norton          Atlanta           Sept. 1, 1950
Oliver S. Powell          Minneapolis       Sept. 1, 1950
Wm. McC. Martin, Jr.      New York          April 2, 1951
A.L. Mills, Jr.           San Francisco     Feb. 18, 1952
J.L. Robertson            Kansas City       Feb. 18, 1952
C. Canby Balderston       Philadelphia      Aug. 12, 1954
Paul E. Miller            Minneapolis       Aug. 13, 1954
Chas. N. Shepardson       Dallas            Mar. 17, 1955
G.H. King, Jr.            Atlanta           Mar. 25, 1959
George W. Mitchell        Chicago           Aug. 31, 1961
J. Dewey Daane            Richmond          Nov. 29, 1963
Sherman J. Maisel         San Francisco     Apr. 30, 1965
Andrew F. Brimmer         Philadelphia      Mar. 9, 1966
William W. Sherrill       Dallas            May 1, 1967
Arthur F. Burns           New York          Jan. 31, 1970
John E. Sheehan           St. Louis         Jan. 4, 1972
Jeffrey M. Bucher         San Francisco     June 5, 1972
Robert C. Holland         Kansas City       June 11, 1973
Henry C. Wallich          Boston            Mar. 8, 1974
Philip E. Coldwell        Dallas            Oct. 29, 1974
Philip C. Jackson, Jr.    Atlanta           July 14, 1975
J. Charles Partee         Richmond          Jan. 5, 1976
Stephen S. Gardner        Philadelphia      Feb. 13, 1976
David M. Lilly            Minneapolis       June 1, 1976
G. William Miller         San Francisco     Mar. 8, 1978
Nancy H. Teeters          Chicago           Sept. 18, 1978
Emmett J. Rice            New York          June 20, 1979
Frederick H. Schultz      Atlanta           July 27, 1979
Paul A. Volcker           Philadelphia      Aug. 6, 1979
Lyle E. Gramley           Kansas City       May 28, 1980
Preston Martin            San Francisco     Mar. 31, 1982
Martha R. Seger           Chicago           July 2, 1984
Wayne D. Angell           Kansas City       Feb. 7, 1986
Manuel H. Johnson         Richmond          Feb. 7, 1986
H. Robert Heller          San Francisco     Aug. 19, 1986
Edward W. Kelley, Jr.     Dallas            May 26, 1987
Alan Greenspan            New York          Aug. 11, 1987
John P. LaWare            Boston            Aug. 15, 1988
David W. Mullins, Jr.     St. Louis         May 21, 1990
Lawrence B. Lindsey       Richmond          Nov. 26, 1991
Susan M. Phillips         Chicago           Dec. 2, 1991
Alan S. Blinder           Philadelphia      June 27, 1994
Janet L. Yellen           San Francisco     Aug. 12, 1994
Laurence H. Meyer         St. Louis         June 24, 1996
Alice M. Rivlin           Philadelphia      June 25, 1996
Roger W. Ferguson, Jr.    Boston            Nov. 5, 1997
Edward M. Gramlich        Richmond          Nov. 5, 1997

                          Other dates and information relating
         Name             to membership(2)

Charles S. Hamlin         Reappointed in 1916 and 1926. Served until
                           Feb. 3, 1936.(3)
Paul M. Warburg           Term expired Aug. 9, 1918.
Frederic A. Delano        Resigned July 21, 1918.
W.P.G. Harding            Term expired Aug. 9, 1922.
Adolph C. Miller          Reappointed in 1924. Reappointed in 1934
                           from the Richmond District. Served until
                           Feb. 3, 1936.(3)
Albert Strauss            Resigned Mar. 15, 1920.
Henry A. Moehlenpah       Term expired Aug. 9, 1920.
Edmund Platt              Reappointed in 1928. Resigned Sept. 14,
                           1930.
David C. Wills            Term expired Mar. 4, 1921.
John R. Mitchell          Resigned May 12, 1923.
Milo D. Campbell          Died Mar. 22, 1923.
Daniel R. Crissinger      Resigned Sept. 15, 1927.
George R. James           Reappointed in 1931. Served until Feb. 3,
                           1936.(4)
Edward H. Cunningham      Died Nov. 28, 1930.
Roy A. Young              Resigned Aug. 31, 1930.
Eugene Meyer              Resigned May 10, 1933.
Wayland W. Magee          Term expired Jan. 24, 1933.
Eugene R. Black           Resigned Aug. 15, 1934.
M.S. Szymczak             Reappointed in 1936 and 1948. Resigned May
                           31, 1961.
J.J. Thomas               Served until Feb. 10, 1936.(3)
Marriner S. Eccles        Reappointed in 1936, 1940, and 1944.
                           Resigned July 14, 1951.
Joseph A. Broderick       Resigned Sept. 30, 1937.
John K. McKee             Served until Apr. 4, 1946.(3)
Ronald Ransom             Reappointed in 1942. Died Dec. 2, 1947.
Ralph W. Morrison         Resigned July 9, 1936.
Chester C. Davis          Reappointed in 1940. Resigned Apr. 15,
                           1941.
Ernest G. Draper          Served until Sept. 1, 1950.(3)
Rudolph M. Evans          Served until Aug. 13, 1954.(3)
James K. Vardaman, Jr.    Resigned Nov. 30, 1958.
Lawrence Clayton          Died Dec. 4, 1949.
Thomas B. McCabe          Resigned Mar. 31, 1951.
Edward L. Norton          Resigned Jan. 31, 1952.
Oliver S. Powell          Resigned June 30, 1952.
Wm. McC. Martin, Jr.      Reappointed in 1956. Term expired Jan.
                           31, 1970.
A.L. Mills, Jr.           Reappointed in 1958. Resigned Feb. 28,
                           1965.
J.L. Robertson            Reappointed in 1964. Resigned Apr. 30,
                           1973.
C. Canby Balderston       Served through Feb. 28, 1966.
Paul E. Miller            Died Oct. 21, 1954.
Chas. N. Shepardson       Retired Apr. 30, 1967.
G.H. King, Jr.            Reappointed in 1960. Resigned Sept. 18,
                           1963.
George W. Mitchell        Reappointed in 1962. Served until Feb.
                           13, 1976.(3)
J. Dewey Daane            Served until Mar. 8, 1974.(3)
Sherman J. Maisel         Served through May 31, 1972.
Andrew F. Brimmer         Resigned Aug. 31, 1974.
William W. Sherrill       Reappointed in 1968. Resigned Nov. 15,
                           1971.
Arthur F. Burns           Term began Feb. 1, 1970. Resigned Mar.
                           31, 1978.
John E. Sheehan           Resigned June 1, 1975.
Jeffrey M. Bucher         Resigned Jan. 2, 1976.
Robert C. Holland         Resigned May 15, 1976.
Henry C. Wallich          Resigned Dec. 15, 1986.
Philip E. Coldwell        Served through Feb. 29, 1980.
Philip C. Jackson, Jr.    Resigned Nov. 17, 1978.
J. Charles Partee         Served until Feb. 7, 1986.(3)
Stephen S. Gardner        Died Nov. 19, 1978.
David M. Lilly            Resigned Feb. 24, 1978.
G. William Miller         Resigned Aug. 6, 1979.
Nancy H. Teeters          Served through June 27, 1984.
Emmett J. Rice            Resigned Dec. 31, 1986.
Frederick H. Schultz      Served through Feb. 11, 1982.
Paul A. Volcker           Resigned August 11, 1987.
Lyle E. Gramley           Resigned Sept. 1, 1985.
Preston Martin            Resigned April 30, 1986.
Martha R. Seger           Resigned March 11, 1991.
Wayne D. Angell           Served through Feb. 9, 1994.
Manuel H. Johnson         Resigned August 3, 1990.
H. Robert Heller          Resigned July 31, 1989.
Edward W. Kelley, Jr.     Reappointed in 1990.
Alan Greenspan            Reappointed in 1992.
John P. LaWare            Resigned April 30, 1995.
David W. Mullins, Jr.     Resigned Feb. 14, 1994.
Lawrence B. Lindsey       Resigned Feb. 5, 1997.
Susan M. Phillips         Served through June 30, 1998.
Alan S. Blinder           Term expired Jan. 31; 1996.
Janet L. Yellen           Resigned Feb. 17, 1997.
Laurence H. Meyer
Alice M. Rivlin           Resigned July 16, 1999.
Roger W. Ferguson, Jr.
Edward M. Gramlich

Chairmen(4)

Charles S. Hamlin         Aug. 10, 1914-Aug. 9, 1916
W.P.G. Harding            Aug. 10, 1916-Aug. 9, 1922
Daniel R. Crissinger      May 1, 1923-Sept. 15, 1927
Roy A. Young              Oct. 4, 1927-Aug. 31, 1930
Eugene Meyer              Sept. 16, 1930-May 10, 1933
Eugene R. Black           May 19, 1933-Aug. 15, 1934
Marriner S. Eccles        Nov. 15, 1934-Jan. 31, 19485
Thomas B. McCabe          Apr. 15, 1948-Mar. 31, 1951
Wm. McC. Martin, Jr.      Apr. 2, 1951-Jan. 31, 1970
Arthur F. Burns           Feb. 1, 1970-Jan. 31, 1978
G. William Miller         Mar. 8, 1978-Aug. 6, 1979
Paul A. Volcker           Aug. 6, 1979-Aug. 11, 1987
Alan Greenspan            Aug. 11, 1987-(6)

Vice Chairmen(4)

Frederic A. Delano        Aug. 10, 1914-Aug. 9, 1916
Paul M. Warburg           Aug. 10, 1916-Aug. 9, 1918
Albert Strauss            Oct. 26, 1918-Mar. 15, 1920
Edmund Platt              July 23, 1920-Sept. 14, 1930
J.J. Thomas               Aug. 21, 1934-Feb. 10, 1936
Ronald Ransom             Aug. 6, 1936-Dec. 2, 1947
C. Canby Balderston       Mar. 11, 1955-Feb. 28, 1966
J.L. Robertson            Mar. 1, 1966-Apr. 30, 1973
George W. Mitchell        May 1, 1973-Feb. 13, 1976
Stephen S. Gardner        Feb. 13, 1976-Nov. 19, 1978
Frederick H. Schultz      July 27, 1979-Feb. 11, 1982
Preston Martin            Mar. 31, 1982-Apr. 30, 1986
Manuel H. Johnson         Aug. 4, 1986-Aug. 3, 1990
David W. Mullins, Jr.     July 24, 1991-Feb. 14, 1994
Alan S. Blinder           June 27, 1994-Jan. 31, 1996
Alice M. Rivlin           June 25, 1996-July 16, 1999

EX-OFFICIO MEMBERS(1)

Secretaries of the Treasury

W.G. McAdoo               Dec. 23, 1913-Dec. 15, 1918
Carter Glass              Dec. 16, 1918-Feb. 1, 1920
David F. Houston          Feb. 2, 1920-Mar. 3, 1921
Andrew W. Mellon          Mar. 4, 1921-Feb. 12, 1932
Ogden L. Mills            Feb. 12, 1932-Mar. 4, 1933
William H. Woodin         Mar. 4, 1933-Dec. 31, 1933
Henry Morgenthau Jr.      Jan. 1, 1934-Feb. 1, 1936

Comptrollers of the Currency

John Skelton Williams     Feb. 2, 1914-Mar. 2, 1921
Daniel R. Crissinger      Mar. 17, 1921-Apr. 30, 1923
Henry M. Dawes            May 1, 1923-Dec. 17, 1924
Joseph W. McIntosh        Dec. 20, 1924-Nov. 20, 1928
J.W. Pole                 Nov. 21, 1928-Sept. 20, 1932
J.F.T. O'Connor           May 11, 1933-Feb. 1, 1936

(1.) Under the provisions of the original Federal Reserve Act, the Federal Reserve Board was composed of seven members, including five appointive members, the Secretary of the Treasury, who was ex-officio chairman of the Board, and the Comptroller of the Currency. The original term of office was ten years, and the five original appointive members had terms of two, four, six, eight, and ten years respectively. In 1922 the number of appointive members was increased to six, and in 1933 the term of office was increased to twelve years. The Banking Act of 1935, approved Aug. 23, 1935, changed the name of the Federal Reserve Board to the Board of Governors of the Federal Reserve System and provided that the Board should be composed of seven appointive members; that the Secretary of the Treasury and the Comptroller of the Currency should continue to serve as members until Feb. 1, 1936; that the appointive members in office on the date of that act should continue to serve until Feb. 1, 1936, or until their successors were appointed and had qualified; and that thereafter the terms of members should be fourteen years and that the designation of Chairman and Vice Chairman of the Board should be for a term of four years.

(2.) Date after words "Resigned" and "Retired" denotes final day of service.

(3.) Successor took office on this date.

(4.) Chairman and Vice Chairman were designated Governor and Vice Governor before Aug. 23, 1935.

(5.) Served as Chairman Pro Tempore from February 3, 1948, to April 15, 1948.

(6.) Served as Chairman Pro Tempore from March 3, 1996, to June 20, 1996.3