As provided by Section 4 of the Federal Reserve Act, as amended, the Federal Reserve Bank of New York is conducting an election of those directors whose terms expire on December 31, 2025. Those directors are Class A director, Douglas L. Kennedy, President and Chief Executive Officer of Peapack Private Bank & Trust; and Class B director, Adena Friedman, Chair and Chief Executive Officer of Nasdaq, Inc. Both director positions were elected by member banks in Group 2, and their successors will be chosen by this Group. Member banks in Groups 1 and 3 will not participate in this election. The names of the candidates nominated for such offices, and by whom nominated, are shown in the Election Circular.
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The New York Innovation Center bridges the worlds of finance, technology, and innovation and generates insights into high-value central bank-related opportunities.
Do you have a request for information and records? Learn how to submit it.
Learn about the history of the New York Fed and central banking in the United States through articles, speeches, photos and video.
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The Governance & Culture Reform hub is designed to foster discussion about corporate governance and the reform of culture and behavior in the financial services industry.
Need to file a report with the New York Fed? Here are all of the forms, instructions and other information related to regulatory and statistical reporting in one spot.
The New York Fed works to protect consumers as well as provides information and resources on how to avoid and report specific scams.
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The New York Innovation Center bridges the worlds of finance, technology, and innovation and generates insights into high-value central bank-related opportunities.
The growing role of nonbank financial institutions, or NBFIs, in U.S. financial markets is a transformational trend with implications for monetary policy and financial stability.
The New York Fed offers the Central Banking Seminar and several specialized courses for central bankers and financial supervisors.
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Circular
Election of Directors
December 22, 2025
12375
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