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Boards of directors

Directors play a critical role in the effective functioning of the Federal Reserve System. They provide a link between the Fed and the public, and their insights help inform monetary policy deliberations.

Meet the directors who supervise the Federal Reserve Bank of Dallas and those who serve on our three branch boards.

Dallas
The Reserve Bank board of directors performs important corporate governance functions. Directors are divided into three classes. See Director selection and Roles.
Class C—Appointed by Federal Reserve Board to represent the public
Thomas J. Falk

Thomas J. Falk

(Chair)
Retired Chairman and Chief Executive Officer
Kimberly-Clark Corp.
Dallas, Texas

Claudia Aguirre

Claudia Aguirre

(Deputy Chair)
President and Chief Executive Officer
BakerRipley
Houston, Texas

Gary Kelly

Gary Kelly

Executive Chairman
Southwest Airlines Co.
Dallas, Texas

Class B—Elected by member banks to represent the public
Pascal Desroches

Pascal Desroches

Senior Executive Vice President and Chief Financial Officer
AT&T
Dallas, Texas

Cindy Taylor

Cindy Taylor

President and Chief Executive Officer
Oil States International, Inc.
Houston, Texas

         Vacancy

Class A—Elected by member banks to represent member banks
Kelly A. Barclay

Kelly A. Barclay

President and Chief Executive Officer
Ozona Bank
Wimberley, Texas

Robert A. Hulsey

Robert A. Hulsey

President and Chief Executive Officer
American National Bank of Texas
Terrell, Texas

Joe Quiroga

Joe Quiroga

President
Texas National Bank
Edinburg, Texas

Federal Advisory Council member—Appointed by Dallas Fed board as a banking industry representative
David Zalman

David Zalman

Chairman and Chief Executive Officer
Prosperity Bancshares Inc.
Houston, Texas

El Paso
Branch directors are appointed by the Reserve Bank or by the Federal Reserve Board of Governors. See Director selection.
Tracy J. Yellen

Tracy J. Yellen

(Chair)
Chief Executive Officer
Paso del Norte Community Foundation
El Paso, Texas

Von Washington

Von Washington

(Chair Pro Tem)
Chief Executive Officer and Owner
IDA Technology
El Paso, Texas

Christian Perez Giese

Christian Perez Giese

Executive Vice President—Director
CBRE, Inc.
El Paso, Texas

Leila H. Melendez

Leila H. Melendez

Chief Executive Officer
Workforce Solutions Borderplex
El Paso, Texas

Kari Mitchell

Kari Mitchell

Chair and Chief Executive Officer
Las Cruces Machine Manufacturing and Engineering Co.
Las Cruces, New Mexico

William Serrata

William Serrata

President
El Paso Community College
El Paso, Texas

James Walter

James Walter

Co-Chief Executive Officer and Director
Permian Resources Corp.
Midland, Texas

Houston
Branch directors are appointed by the Reserve Bank or by the Federal Reserve Board of Governors. See Director selection.
Ruth J. Simmons

Ruth J. Simmons

(Chair)
Former President
Prairie View A&M University
Humble, Texas

Cynthia N. Colbert

Cynthia N. Colbert

(Chair Pro Tem)
President and Chief Executive Officer
Catholic Charities Archdiocese of Galveston‐Houston
Houston, Texas

Dr. Marc Boom

Dr. Marc Boom

President and Chief Executive Officer
Houston Methodist
Houston, Texas

Ric Campo

Ric Campo

Chairman and Chief Executive Officer
Camden Property Trust
Houston, Texas

Bob Patel

Bob Patel

President
Standard Industries
Houston, Texas

Gary Petersen

Gary Petersen

Managing Partner and Founder
EnCap Investments L.P.
Houston, Texas

Peter Rodriguez

Peter Rodriguez

Dean, Jesse H. Jones Graduate School of Business
Rice University
Houston, Texas

San Antonio
Branch directors are appointed by the Reserve Bank or by the Federal Reserve Board of Governors. See Director selection.
Veronica Muzquiz Edwards

Veronica Muzquiz Edwards

(Chair)
Chief Executive Officer
InGenesis, Inc.
San Antonio, Texas

Monica Salinas

Monica Salinas

(Chair Pro Tem)
Chief Executive Officer of Operations
Cromex Forwarding, Inc.
Laredo, Texas

Brad Barron

Brad Barron

Chairman and Chief Executive Officer
NuStar Energy, L.P.
San Antonio, Texas

Gabriel “Gabe” Guerra

Gabriel “Gabe” Guerra

President and Chief Executive Officer
Kleberg Bank
Corpus Christi, Texas

Denise Rodriguez Hernandez

Denise Rodriguez Hernandez

Owner
The Eatery Culinary Group, M-PRESSED Commercial Laundry Services and The Fruteria y Botanero
Vice President of Development
True Flavors Catering
San Antonio, Texas

Rosa Santana

Founder and Chief Executive Officer
Santana Group
San Antonio, Texas

Tyson Tuttle

Tyson Tuttle

Retired President and Chief Executive Officer
Silicon Labs
Austin, Texas

How directors are selected

Dallas Fed and branch board members represent a wide range of industries and communities in our region. Director selection is guided by provisions of the Federal Reserve Act.

The selection process for members of the Reserve Bank board of directors at our head office in Dallas is different from that for our branch boards in El Paso, Houston and San Antonio.

Director classes (Dallas board only)

The Federal Reserve Act provides that Reserve Bank directors are divided into three classes—Class C, Class B and Class A—of three directors each.

The Federal Reserve Board of Governors appoints Class C directors to represent the public and designates a chair and deputy chair for each Reserve Bank board from among the Class C directors. A Class C director may not be an officer, director, employee or stockholder of any bank, or bank, financial or thrift holding company. 

Banks that are members of the Federal Reserve System elect Class B and Class A directors. For the Dallas Fed, these directors are elected by member banks in the Eleventh Federal Reserve District. See our list of member banks

Class B directors are elected to represent the public, and they may not be officers, directors or employees of any bank.

Class A directors are elected to represent the member banks. They are prohibited from participating in the appointment of Reserve Bank presidents and first vice presidents; in addition, they may not participate in the selection, appointment or compensation of any Reserve Bank officers whose primary duties involve supervisory matters.

Class B and Class C directors are selected to represent the public with due, but not exclusive, consideration to the interests of agricultural, commerce, industry, services, labor and consumers.

Branch directors (El Paso, Houston and San Antonio)

Each branch office has its own board of directors, and all branch directors are appointed.

Unlike Reserve Bank directors, branch directors are not divided into different classes. However, there are different eligibility requirements, depending on whether they are appointed by the Reserve Bank or the Federal Reserve Board of Governors.

A majority of directors on a branch board are appointed by the Reserve Bank and may provide banking or public perspectives. The remaining directors are appointed by the Federal Reserve Board and must provide public perspectives. The branch board chair is selected from the directors appointed by the Federal Reserve Board.

Each branch board in the Eleventh District has seven members.

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Roles and responsibilities

Under the Federal Reserve Act, each Federal Reserve Bank is subject to the supervision of a nine-member board of directors, and each branch office of a Reserve Bank has its own board of directors.

All Federal Reserve directors provide insights to help inform the monetary policy deliberations of the Federal Open Market Committee. They are expected to contribute to the Fed’s understanding of the economic conditions of their districts and the effect of those conditions on the economy as a whole. In addition to gathering economic information from their districts, directors also help communicate Federal Reserve System policies and decisions in their communities.

In addition, head-office directors are responsible for supervising the administration of their Reserve Bank’s operations, overseeing the corporate governance function, and maintaining an effective system of internal auditing procedures and controls.

Limitations

Federal Reserve Board of Governors policy prohibits Reserve Banks from providing confidential supervisory information to any director and excludes all directors from participating in any bank supervisory matters.

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