Federal Reserve Bank of Dallas

Richard W. Fisher assumed the office of president and CEO of the Federal Reserve Bank of Dallas on April 4, 2005. In this role, Fisher serves as a member of the Federal Open Market Committee, the Federal Reserve’s principal monetary policymaking group. Fisher is former vice chairman of Kissinger McLarty Associates, a strategic advisory firm chaired by former Secretary of State Henry Kissinger. Fisher began his career in 1975 at the private bank of Brown Brothers Harriman & Co., where he specialized in fixed income and foreign exchange markets. He became assistant to the secretary of the Treasury during the Carter administration, working on issues related to the dollar crisis of 1978–79. He then returned to Brown Brothers to found their Texas operations in Dallas. In 1987, Fisher created Fisher Capital Management and a separate funds-management firm, Fisher Ewing Partners. Fisher Ewing’s sole fund, Value Partners, earned a compound rate of return of 24 percent per annum during his period as managing partner. He sold his controlling interests in both firms when he rejoined the government in 1997. From 1997 to 2001, Fisher was deputy U.S. trade representative with the rank of ambassador. He oversaw the implementation of NAFTA, negotiations for the Free Trade Area of the Americas, and various agreements with Vietnam, Korea, Japan, Chile and Singapore. He was a senior member of the team that negotiated the bilateral accords for China's and Taiwan's accession to the World Trade Organization. Throughout his career, Fisher has served on numerous for-profit and not-for-profit boards. He has also maintained his academic interests, teaching graduate courses and serving on several university boards. He was a Weatherhead Fellow at Harvard in 2001, is an honorary fellow of Hertford College at Oxford University, and is a fellow of the American Academy of Arts and Sciences. A first-generation American, Fisher is equally fluent in Spanish and English, having spent his formative years in Mexico. He attended the U.S. Naval Academy (1967–69), graduated with honors from Harvard University in economics (1971), read Latin American politics at Oxford (1972–73) and received an M.B.A. from Stanford University (1975). In October of 2006, Fisher received the Service to Democracy Award and Dwight D. Eisenhower Medal for Public Service from the American Assembly.

Anthony R. Chase has been a Director of the Company Since October 1999. Since 1991, Mr. Chase has been a Professor of Law at the University of Houston Law Center, and he is also Chairman & CEO of ChaseSource, a staffing & recruiting firm. He most recently served as Chairman & CEO of ChaseCom, a global customer relationship management firm, until its sale to AT&T Corporation in December 2007. Mr. Chase is Vice Chairman of the Federal Reserve Bank of Dallas. He received his JD from Harvard Law School, his MBA from Harvard Business School and his AB from Harvard College. Mr. Chase is also a director of Western Gas Partners.

Hattie Hill, chief executive officer of Hattie Hill Enterprises, Inc., is an international management consultant and professional speaker. She is considered an expert on global leadership, diversity, women's issues, and human relations impacting the business world. Ms. Hill was one of the top business and community leaders honored by Dallas Business Journal and a recipient of the Quest for Success 2000 "Entrepreneur of the Year" award, which honors Dallas/Ft. Worth entrepreneurs for their business achievements and attention to community service. She received the 2000 Working Woman Entrepreneurial Excellence award, which recognizes the achievements and contributions of women entrepreneurs. She lives in Dallas, Texas.

Major General Robinson, (U.S.A. Ret.), is the chief executive officer of Global Building Systems, Inc., a firm that develops and constructs low- and moderate-income residential housing. From 2003 to 2005, he was the chairman and chief executive officer of Granville Construction & Development Co., Inc., a housing development and construction firm. From 1989 to 2003, he was chairman and chief exective officer of the Tetra Group, a construction management and building services firm. He is also a former chairman and board member of the Federal Reserve Bank of Dallas. He is a retired Major General from the United States Army. He is currently a director of Newmarket Technology, Inc. and an advisory board member of TXU Corp. He joined the CarMax board in 2002.