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22 U.S.C. § 290i–1 — Governor and Alternate Governor

Verified against govinfo.gov as of June 20, 2026View official text on govinfo.gov ↗
  1. (a)AppointmentThe President shall appoint a Governor and an Alternate Governor of the Bank—
    1. (1)by and with the advice and consent of the Senate; or
    2. (2)from among individuals serving as officials required by law to be appointed by and with the advice and consent of the Senate.
  2. (b)Term; termination and reappointmentThe term of office for the Governor and the Alternate Governor shall be five years, subject at any time to termination of appointment or to reappointment. The Governor and Alternate Governor shall remain in office until a successor has been appointed.
  3. (c)Compensation and expensesNo person shall be entitled to receive any salary or other compensation from the United States for services as a Governor or Alternate Governor, except for reasonable expenses to attend meetings of the Board of Governors.
  4. (d)VotingThe Governor, or in the Governor’s absence the Alternate Governor, on the instructions of the President, shall cast the votes of the United States for the Director to represent the United States in the Bank.