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 Governance Information
Learn more about the directors’ roles and responsibilities, policies related to directors, the bylaws, and board committee information including a video for The Institute of Internal Auditors featuring directors serving on the Audit Committee.
(elected by member banks to represent member banks)
Catherine T. Kelly
President and CEO, Minnesota Bank and Trust
Randy L. Newman
Chairman and CEO, Alerus Financial, NA and Alerus Financial Corp.
Grand Forks, North Dakota
Kenneth A. Palmer
Chairman, President, and CEO, Range Financial Corporation & Range Bank, N.A.
(elected by member banks to represent the public)
Howard A. Dahl
President and Chief Executive Officer, Amity Technology, LLC
Fargo, North Dakota
Managing Partner, Christiansen Land and Cattle, Ltd.
Kimball, South Dakota
Lawrence R. Simkins
Chairman, CEO, President, The Washington Companies
(appointed by the Board of Governors to represent the public)
MayKao Y. Hang (Deputy Chair)
President and CEO, Amherst H. Wilder Foundation
St. Paul, Minnesota
Randall J. Hogan (Chair)
Chairman and CEO, Pentair, Inc.
Kendall J. Powell
Chairman and CEO, General Mills, Inc.