Board of Directors

Gary H. Stern

Gary H. Stern

Gary H. Stern was President and Chief Executive Officer of the Federal Reserve Bank of Minneapolis from March 1985 to September 2009. Stern joined the Federal Reserve Bank of Minneapolis in January 1982 as senior vice president and director of research. Before joining the Minneapolis Fed, Stern was a partner in a New York-based economic consulting firm. Stern's prior experience includes seven years at the Federal Reserve Bank of New York.

Stern serves on the board of directors of E*TRADE Financial Corporation, S&P Global Ratings, Ambac Assurance Corporation, the Council for Economic Education (CEE) and Hamline University. He is Lead Director and Chair of the DTCC Risk Committee. Stern is co-author of Too Big to Fail: The Hazards of Bank Bailouts, published by the Brookings Institution (2004). Stern is a member of the FDIC's Systemic Resolution Advisory Committee.

Stern holds an A.B. in economics from Washington University, St. Louis, and a Ph.D. in economics from Rice University, Houston. He formerly served as chair of the board of the Northwest Area Foundation, The Minneapolis Club, and Blue Cross Blue Shield of Minnesota. He was also a board member of FINRA, the Dolan Company, Minneapolis College of Art and Design, and ETS. Stern is the recipient of the 2009 Visionary Award from CEE and the Distinguished Alumnus Award from Washington University's College of Liberal Arts in 2010.

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