Federal Reserve Bank of Atlanta Names New Board Members
For immediate release: Jan. 6, 2009
Thomas I. Barkin, director, McKinsey & Co., was appointed to a three-year term on the Atlanta Fed's board of directors. Renée Glover, president and chief executive officer of the Atlanta Housing Authority, was elected to serve a three-year term on the Atlanta Fed's board of directors. Barkin and Glover's terms began Jan. 1, 2009, and run through Dec. 31, 2011.
Barkin is responsible for providing management consulting in marketing and sales, operations and business strategies to a broad range of clients. He is a director of the Metro Atlanta Chamber of Commerce, serves on the board of councilors for the Carter Center, and serves as treasurer of the Commerce Club. Barkin earned his juris doctorate and MBA from Harvard University.
Glover joined the Atlanta Housing Authority (AHA) as chief executive officer in 1994. Before joining the AHA, she was a corporate finance attorney in Atlanta and New York City. Glover reorganized AHA, the sixth largest housing authority in the United States, into a diversified real estate company, with a public policy and service-oriented mission. As a result, Glover has been nationally recognized. Glover is a member of the international board of directors of Habitat for Humanity. Glover earned her juris doctorate at Boston University, her master's degree at Yale University and her bachelor's degree at Fisk University.
Each of the nation's 12 Federal Reserve Banks has a nine-member board of directors. Three Class A directors represent national and state-chartered banks that are members of the Federal Reserve System. Three Class B directors are elected by these banks but represent commerce, industry, agriculture, labor and consumers. Three Class C directors represent the same broad array of public interests but are appointed by the Board of Governors in Washington, D.C. Glover is a Class B director. Barkin is a Class C Director.
The board of directors of the Federal Reserve Bank of Atlanta oversees the management of the bank's operations and recommends changes in the discount rate. Board members also contribute to the formulation of U.S. monetary policy through the economic information they provide the bank's president.