Board of Directors

The Federal Reserve Act requires that each Reserve Bank have nine directors. Three Class A directors represent member banks in the district, while three Class B directors and three Class C directors are selected with due consideration to the interests of agriculture, commerce, industry, services, labor, and consumers. Member banks elect Class A and Class B directors.The Board of Governors of the Federal Reserve System in Washington, D.C. appoints Class C directors, and from this group designates the Chair and Deputy Chair.

Richard Holbrook William Nordhaus Kenneth Montgomery Eric Rosengren Peter Judkins Kirk Sykes Catherine D'Amato Roger Berkowitz Kathryn Underwood Gary Gottlieb John Fish

Standing (left to right): Richard Holbrook, William Nordhaus, Kenneth Montgomery, Eric Rosengren, Peter Judkins, Kirk Sykes, Catherine D'Amato

Seated (left to right): Roger Berkowitz, Kathryn Underwood, Gary Gottlieb, John Fish

members

Kirk A. Sykes, Chair
President & Managing Director
Urban Strategy America Fund, L.P.

William D. Nordhaus, Deputy Chair
Sterling Professor of Economics Yale University

Roger S. Berkowitz
President & Chief Executive Officer
Legal Sea Foods, LLC

Catherine D’Amato
President & Chief Executive Officer
The Greater Boston Food Bank

John F. Fish
Chairman & Chief Executive Officer
Suffolk Construction Company, Inc.

Gary L. Gottlieb, MD
President & Chief Executive Officer
Partners HealthCare System Inc.

Richard E. Holbrook
Chairman & Chief Executive Officer
Eastern Bank Corporation

Peter L. Judkins
President & Chief Executive Officer
Franklin Savings Bank

Kathryn G. Underwood
President & Chief Executive Officer
Ledyard National Bank

Federal Advisory Council Representative

Joseph L. Hooley (not pictured)
Chairman, President, & Chief Executive Officer
State Street Corporation

 

About the Board of Directors

Kirk A. Sykes, Chair and Class C Director, is President and Managing Director of the Urban Strategy America Fund. He is a Commissioner for the City of Boston’s Civic Design Commission. He also serves as Vice Chairman of the Real Estate Executive Council; Advisory Board Member of the Northeastern University School of Public Policy and Urban Affairs; and on the Board of the Suffolk University Law School Rappaport Center for Law and Public Service.

William D. Nordhaus, Deputy Chair and Class C Director, is Sterling Professor of Economics at Yale University. Mr. Nordhaus has been on the Yale faculty since 1967. He also teaches at the Yale School of Forestry and Environmental Studies. He served on the President’s Council of Economic Advisers from 1977 to 1979. Mr. Nordhaus is a Member of the National Academy of Sciences and a Fellow of the American Academy of Arts and Sciences.

Roger S. Berkowitz, a Class B Director, is the President and Chief Executive Officer of Legal Sea Foods, LLC. Mr. Berkowitz serves on the leadership council at the Harvard School of Public Health, and is a member of the Board of Overseers of Brandeis International Business School and a Trustee of Suffolk University. He also serves on many non-profit boards including: Dana-Farber Cancer Institute, Boston's Children's Hospital, UNICEF, Boston Children's Museum, Environmental League of Massachusetts, and the Blue Frontier Campaign. Mr. Berkowitz has also served on the Regional Selection Panel for the President’s Commission on White House Fellowships since 2004 and he is a member of the Massachusetts Workforce Training Fund Advisory Committee.

Catherine D’Amato, Class C Director, is President and Chief Executive Officer of The Greater Boston Food Bank (GBFB), New England’s largest nonprofit hunger-relief organization. GBFB is a $65MM charitable food distribution business serving 90,000 people a week in 190 cities in the nine counties of eastern Massachusetts. Before coming to the Boston agency in 1995, she was the chief executive at food banks in Western Massachusetts and San Francisco. Ms. D’Amato currently serves on the Board of Directors of the Boston Foundation, the Massachusetts Food Association, and Basic Health International. She was named Vice Chair of the Boston Foundation’s Board of Directors in 2009.

John F. Fish, Class B Director, is Chairman and Chief Executive Officer of Suffolk Construction Company, Inc., a privately held firm that provides preconstruction, construction management, design-build and general contracting services to healthcare, science and technology, education, federal government, and commercial clients throughout the United States. Mr. Fish also provides the vision, support, and day-to-day leadership behind the Boston Scholar Athletes program, which currently reaches 4,000 high school student-athletes in 19 Boston Public Schools. He currently chairs the Massachusetts Competitive Partnership (MACP), and also serves on many boards and executive committees to support important community, environmental and social organizations including the Boys & Girls Clubs of Boston, Jobs for Mass, Private Industry Council, The Boston Green Ribbon Commission, Salvation Army, and Catholic Schools Foundation.

Gary L. Gottlieb, MD, a Class B Director, is President and Chief Executive Officer of Partners HealthCare System Inc. in Boston. Dr. Gottlieb is a Professor of Psychiatry at Harvard Medical School. Dr. Gottlieb is Chair of the Board of Directors of the Boston Private Industry Council, Boston's workforce investment board. He is also a member of the Institute of Medicine of the National Academy of Sciences, and is governor on the Board of Trustees of the international nonprofit organization Partners in Health.

Richard E. Holbrook, Class A Director, is Chairman and Chief Executive Officer of Eastern Bank Corporation and of Eastern Bank and its subsidiaries. Eastern is the largest and oldest mutual bank company in the country. Mr. Holbrook serves on the Executive Committees of the Boston Chamber of Commerce, the American Bankers Association, and the Massachusetts Bankers Association. He is Chairman of the Board of Trustees of the North Shore Medical Center and a Trustee of Partners HealthCare System Inc.

Peter L. Judkins, a Class A Director, is President and Chief Executive Officer of Franklin Savings Bank. Mr. Judkins is Immediate Past-Chairman of the Maine Bankers Association and was a member of the Federal Reserve Bank of Boston's Community Depository Institutions Advisory Council. He is a member of the boards of the Franklin Community Health Network and the Ski Museum of Maine.

Kathryn G. Underwood, Class A Director, is President and Chief Executive Officer of Ledyard National Bank. She is the Immediate Past Chair of the Board of the New Hampshire Bankers Association and the Federal Delegate on the Board of the Independent Community Bankers of America. Ms. Underwood is on the Board of Kendal at Hanover and Chair of their Strategic Committee, and is also a member of the Upper Valley Corporate Council.

About the Federal Advisory Council Representative

Joseph L. Hooley, Chairman, President, and Chief Executive Officer of State Street Corporation, is the Federal Advisory Council (FAC) representative for the First Federal Reserve District. The FAC meets quarterly to discuss business and financial conditions with the Federal Reserve Board of Governors in Washington, D.C. It is composed of one banker from each of the 12 Federal Reserve Districts. The First Federal Reserve District comprises all of New England, except Fairfield County, Connecticut.