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Federal Reserve Bank of Chicago Appoints Detroit Regional Chamber President and CEO Sandy Baruah to Detroit Branch Board of Directors

The Federal Reserve Bank of Chicago announced the appointment of Detroit Regional Chamber President and CEO Sandy Baruah to its Detroit branch board of directors, effective immediately. The term will expire December 31, 2017 and be followed by an additional three-year term from 2018 – 2020.

The Board of Governors in Washington, D.C. appoints three of the Detroit Branch directors, and the Federal Reserve Bank of Chicago’s Board of Directors appoints four additional Branch directors.

As a Detroit Branch director, Baruah will contribute to the formulation of national monetary policy, provide economic information to help inform the Board of Governors in Washington and act as a link between the Federal Reserve and the private sector.

The Detroit Board of Directors is made up of seven business leaders from across the Detroit region, including Detroit Regional Chamber board members Wright Lassiter III of Henry Ford Health System and Sandra Pierce of Huntington National Bank. Other directors include Chair Michael Seneski of Ford Motor Co., Joseph Anderson Jr. of TAG Holdings LLC, Linda Hubbard of Carhartt Inc. and Rip Rapson of The Kresge Foundation.

Baruah joined the Chamber in 2010. Prior to the Chamber, Baruah served President George W. Bush as administrator of the U.S. Small Business Administration (SBA) in Washington, D.C. and U.S. Assistant Secretary of Commerce.

In 2016, Gov. Rick Snyder appointed Baruah as chair of Michigan’s 21st Century Economy Commission.

Baruah also serves on the boards of the U.S. Council on Competitiveness, Automotive Hall of Fame, and Detroit Economic Club. He is a contributor to Harvard Business School’s U.S. Competitiveness Project, a Leadership Circle member of the George W. Bush Presidential Center in Dallas, Texas, and chairs the Great Lakes Metro Chambers Coalition. He is a former Advisory Board Member of Spain’s Institute of Competitiveness.


About the Federal Reserve Bank of Chicago

The Federal Reserve Bank of Chicago is one of 12 regional Reserve Banks that, along with the Board of Governors in Washington, D.C., make up the nation’s central bank. The Chicago Reserve Bank serves the Seventh Federal Reserve District, which encompasses the northern portions of Illinois and Indiana, southern Wisconsin, the Lower Peninsula of Michigan, and the state of Iowa.  In addition to participation in the formulation of monetary policy, each Reserve Bank supervises member banks and bank holding companies, provides financial services to depository institutions and the U.S. government, and monitors economic conditions in its district.

About the Detroit Regional Chamber

Serving the business community for more than 100 years, the Detroit Regional Chamber is one of the oldest, largest and most respected chambers of commerce in the country. The Chamber’s mission of powering the economy for Southeast Michigan is carried out through economic development, education reform, regional collaboration and providing valuable benefits to members. For more information, please visit detroitchamber.com.