Board of Directors

As required by the Federal Reserve Act of 1913, the St. Louis Fed is supervised by a board of directors. It is composed of three classes of directors (C, B and A) with three members in each class who are familiar with economic and credit conditions in our Eighth Federal Reserve District.

With branches in Little Rock, Ark., Louisville, Ky., and Memphis, Tenn., the St. Louis Fed also has boards serving these offices. Like the head-office board members, they contribute to the Fed’s understanding of the economy. The Federal Reserve Board of Governors appoints some branch directors; the Reserve bank appoints the others.

All directors are selected for a three-year term of office and may serve two full terms.

St. Louis Fed Board of Directors

Class C

Class C directors are appointed by the Board of Governors of the Federal Reserve System to represent the public with consideration to the interests of agriculture, commerce, industry, services, labor and consumers.

• 

  Carolyn Chism Hardy, Chair
  President and CEO, Chism Hardy Investments LLC
  Bartlett, Tenn.
  (Term expiration: Dec. 31, 2025)

• 

  Lal Karsanbhai, Deputy Chair
  President and CEO, Emerson Electric Co.
  St. Louis
  (Term expiration: Dec. 31, 2024)

• 

  Gregory A. Heckman
  CEO, Bunge Global SA
  St. Louis
  (Term expiration: Dec. 31, 2026)

Class B

Class B directors are elected by member financial institutions in that district to represent the public with consideration to the interests of agriculture, commerce, industry, services, labor and consumers.

• 

  R. Andrew Clyde
  President and CEO, Murphy USA Inc.
  El Dorado, Ark.
  (Term expiration: Dec. 31, 2026)

• 

  Penny Pennington
  Managing Partner, Edward Jones
  St. Louis
  (Term expiration: Dec. 31, 2025)

• 

  Michael Ugwueke
  President and CEO, Methodist Le Bonheur Healthcare
  Memphis, Tenn.
  (Term expiration: Dec. 31, 2024)

Class A

Class A directors are elected by member financial institutions in that district to represent the member financial institutions. They are not permitted to take part in the selection of a Reserve bank’s president or first vice president, nor are they allowed to sit on search committees for those positions. They are prohibited from voting on or approving the selection, appointment or salaries of Reserve bank officers whose primary duties involve banking supervision. Class A directors are also prohibited from voting on or approving the portion of the Reserve bank budget allocated to the banking supervision function.

• 

  Misty Borrowman
  President and CEO, Bank of Hillsboro
  Hillsboro, Ill.
  (Term expiration: Dec. 31, 2024)

• 

  Mardie R. Herndon Jr.
  President and CEO, The Paducah Bank & Trust Co.
  Paducah, Ky.
  (Term expiration: Dec. 31, 2026)

• 

  C. Mitchell Waycaster
  President and CEO, Renasant Bank
  Tupelo, Miss.
  (Term expiration: Dec. 31, 2025)

Little Rock Branch Board of Directors

• 

  Jamie J. Henry, Chair
  Vice President of Finance, Emerging Payments at Walmart Inc.
  Bentonville, Ark.
  (Term expiration: Dec. 31, 2024)

• 

  Jennifer J. Anglin
  Senior Site Director, Pernod Ricard
  Fort Smith, Ark.
  (Term expiration: Dec. 31, 2026)

• 

  Christopher B. Hegi
  President and CEO, First Financial Bank
  El Dorado, Ark.
  (Term expiration: Dec. 31, 2025)

• 

  Jeff Lynch
  President and CEO, Eagle Bank & Trust Co.
  Little Rock, Ark.
  (Term expiration: Dec. 31, 2024)

• 

  Denise Thomas
  CEO, World Trade Center Arkansas, University of Arkansas
  Rogers, Ark.
  (Term expiration: Dec. 31, 2026)

• 

  Allison J. H. Thompson
  President and CEO, Economic Development Alliance for Jefferson County, Arkansas
  Pine Bluff, Ark.
  (Term expiration: Dec. 31, 2025)

• 

  Darrin Williams
  CEO, Southern Bancorp Inc.
  Little Rock, Ark.
  (Term expiration: Dec. 31, 2026)

Louisville Branch Board of Directors

• 

  Emerson M. Goodwin, Chair
  Senior Vice President of Business Development, ARcare
  Bentonville, Ark.
  (Term expiration: Dec. 31, 2024)

• 

  Tara E. Barney
  Former CEO, Evansville Regional Economic Partnership
  Evansville, Ind.
  (Term expiration: Dec. 31, 2026)

• 

  Dave W. Christopher Sr.
  Executive Director, AMPED Louisville
  Louisville, Ky.
  (Term expiration: Dec. 31, 2024)

• 

  Condrad Daniels
  President, HJI Supply Chain Solutions
  Louisville, Ky.
  (Term expiration: Dec. 31, 2026)

• 

  James A. Hillebrand
  Chairman and CEO, Stock Yards Bank & Trust
  Louisville, Ky.
  (Term expiration: Dec. 31, 2025)

• 

  David E. Tatman
  Assistant Plant Manager and Director of Engineering, Bendix Commercial Vehicle Systems
  Bowling Green, Ky.
  (Term expiration: Dec. 31, 2025)

• 

  Carrie A. Warren
  President, Bank of Buffalo
  Hodgenville, Ky.
  (Term expiration: Dec. 31, 2026)

Memphis Branch Board of Directors

• 

  Tracy D. Hall, Chair
  President, Southwest Tennessee Community College
  Memphis, Tenn.
  (Term expiration: Dec. 31, 2024)

• 

  Jeff Agee
  Chairman and CEO, First Citizens National Bank
  Dyersburg, Tenn.
  (Term expiration: Dec. 31, 2026)

• 

  Tyrone Burroughs
  President and CEO, First Choice Sales and Marketing Group Inc.
  Memphis, Tenn.
  (Term expiration: Dec. 31, 2024)

• 

  Davy Carter
  Regional President, Centennial Bank
  Jonesboro, Ark.
  (Term expiration: Dec. 31, 2025)

• 

  Henry N. Reichle Jr.
  President and CEO, Staple Cotton Cooperative Association (Staplcotn)
  Greenwood, Miss.
  (Term expiration: Dec. 31, 2026)

• 

  Ana G. Rodriguez
  Executive Vice President and Chief People Officer, Monogram Foods
  Memphis, Tenn.
  (Term expiration: Dec. 31, 2025)

Eighth District Federal Advisory Council Representative

The Federal Advisory Council is composed of 12 representatives of the banking industry. It consults with and advises the Fed Board of Governors on all matters within the Board’s jurisdiction. Each year, the St. Louis Fed chooses one person to represent its District. Members customarily serve three one-year terms.

• 

  Jeffrey G. Ludwig
  President, CEO and Vice Chairman, Midland States Bancorp Inc.;
  CEO, Midland States Bank
  Effingham, Ill.
  (Term expiration: Dec. 31, 2024)

Demographic Information

• 2024 Board of Directors Demographic Information - PDF (as of Jan. 1, 2024).
• 2023 Board of Directors Demographic Information - PDF (as of Jan. 1, 2023).
• 2022 Board of Directors Demographic Information - PDF (as of Jan. 1, 2022).

For information on gender and racial/ethnic diversity, and sector representation of Reserve bank directors across the System, see the Fed Board of Governors’ website.

Related Documents

Bylaws

View the Federal Reserve Bank of St. Louis Bylaws and the responsibilities of our directors in prescribing bylaws.

Committees

• St. Louis Fed Board of Directors Audit Committee Charter
• St. Louis Fed Board of Directors Governance and Operations Committee Charter

Director Procurement Policy

Our Director Procurement Policy addresses the role of directors in the St. Louis Fed’s procurement activities.

Eligibility

View the Federal Board of Governors website for eligibility, qualifications and policies governing Reserve bank boards of directors.

Guide to Conduct

Directors of Federal Reserve banks have a special obligation for maintaining the integrity, dignity, and reputation of the Federal Reserve System. View the St. Louis Fed’s guide to Director Conduct.