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Board of Directors

The responsibilities of directors are broad, ranging from overseeing the general operations of the Reserve bank to reporting on district economic conditions. This information helps prepare the Reserve bank president for participation in Federal Open Market Committee meetings, where decisions are made about monetary policy.

Board of Directors Bylaws and Committee Charters


Class A Directors

(elected by member banks to represent member banks)

Term expires
December 31
Julie Causey
Chairman
Western Bank
St. Paul, Minnesota
2013

Kenneth A. Palmer
Chairman, President, and CEO
Range Financial Corporation & Range Bank, N.A.
Negaunee, Michigan

2014

Richard L. Westra
President and CEO
Dacotah Bank and Dacotah Banks, Inc.
Aberdeen, South Dakota

2012


Class B Directors

(elected by member banks to represent the public)

 
Term expires
December 31
Howard A. Dahl
President and Chief Executive Officer
AGCO-Amity, AGCO J.V., L.L.C.
Fargo, North Dakota
2014
William J. Shorma
President
Rush-Co
Springfield, South Dakota
2012
Lawrence R. Simkins
Chairman, CEO, President
The Washington Companies
Missoula, Montana
2013


Class C Directors

(appointed by the Board of Governors to represent the public)

Term expires
December 31
Mary K. Brainerd (Chair)
President and Chief Executive Officer
HealthPartners
Minneapolis, Minnesota
2013

Maykao Y. Hang
President and CEO
Amherst H. Wilder Foundation
St. Paul, Minnesota

2014
Randall J. Hogan (Deputy Chair)
Chairman and CEO
Pentair, Inc.
Minneapolis, Minnesota
2012