Federal Reserve Board Member Terms
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The term of office for the Federal Reserve's Board of Governors is 14 years. But how long does a member actually serve? Calculate the average duration of Board service for these two twenty-year periods:
1950-1970
1990-2010
Note: Calculate the average period of time served based only on persons who went onto the Board after January 1 of the beginning years (1950 and 1990) and who had left by December 31 of ending years (1970 and 2010)--in order to capture the entire period of their service
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Excel spreadsheet including Federal Reserve Board member terms and calculations for the average duration of service. References included.
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The term of office for the Federal Reserveâ??s Board of Governors is 14 years. But how long does a member actually serve?
Calculate the average duration of Board service for these two twenty-year periods:
1950-1970
1990-2010
Note: Calculate the average period of time served based only on persons who went onto the Board after January 1 of the beginning years (1950 and 1990) and who had left by December 31 of ending years (1970 and 2010)â?"in order to capture the entire period of their service
Retrieved from The Federal Reserve Board Records (http://www.federalreserve.gov/bios/boardmembership.htm), here is the raw data:
Thomas B. ...
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