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Structure District #LetterCurrent president 1 A Susan M. Collins 2 B John C. Williams 3 C Patrick T. Harker 4 D Loretta J. Mester8 more rows
The Board of Governors--located in Washington, D.C.--is the governing body of the Federal Reserve System. It is run by seven members, or governors, who are nominated by the President of the United States and confirmed in their positions by the U.S. Senate.
The Federal Reserve Act was signed by President Wilson on December 23, 1913.
Incumbent. Jerome Powell Washington, D.C. The chairman serves a four-year term after being nominated by the president of the United States and confirmed by the United States Senate; the officeholder serves concurrently as member of the Board of Governors.
The Kansas City Federal Reserve Bank works with other supervisory authorities to ensure the safety and soundness of financial institutions, stability in the financial markets and fair and equitable treatment of consumers.
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The Federal Reserve System is not owned by anyone. The Federal Reserve was created in 1913 by the Federal Reserve Act to serve as the nations central bank. The Board of Governors in Washington, D.C., is an agency of the federal government and reports to and is directly accountable to the Congress.
Jeffrey R. Schmid took office on August 21, 2023, as the 10th president and chief executive officer of the Tenth District, Federal Reserve Bank of Kansas City.

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