Federal Reserve Bank of Minneapolis elects Laura Clark and Andrea Walsh to its board of directors for three-year terms

The Federal Reserve Bank of Minneapolis announced that Laura Clark and Andrea Walsh have been elected to its board of directors for terms beginning January 1, 2025. Clark will serve as a Class A director and Walsh as a Class B director, each for a standard three-year term, replacing outgoing directors Jeanne Crain and Sarah Walsh whose terms ended in 2024. Clark, elected by member banks as a Class A director, is president and chief executive officer of Opportunity Bank in Helena, Montana. Walsh, elected by member banks as a Class B director, is president and chief executive officer of HealthPartners in Bloomington, Minnesota; Class B directors represent the public and must not be bank employees or officers. The Minneapolis Fed also reiterated that Class C directors are appointed by the Board of Governors, which also designates the board’s chair and deputy chair, and that directors oversee general operations and report on district economic conditions that inform the Minneapolis Fed president’s participation in Federal Open Market Committee meetings.