It is charged with overseeing the Federal Reserve Banks and with helping implement the monetary policy of the United States.

in Washington, D.C. By law, the appointments must yield a "fair representation of the financial, agricultural, industrial, and commercial interests and geographical divisions of the country".

The below table shows those who were formally nominated to fill a vacant seat but failed to be confirmed by the Senate.

Alicia Munnell, representing Boston, was announced to fill LaWare's seat by Bill Clinton in 1995.

[15] Felix Rohatyn (district unknown) was announced to fill Alan Blinder's as vice chair and his seat in 1996.

[17][18] This article incorporates public domain material from websites or documents of the National Archives and Records Administration.