<P> By law , the appointments must yield a `` fair representation of the financial , agricultural , industrial , and commercial interests and geographical divisions of the country '' . As stipulated in the Banking Act of 1935 , the Chairman and Vice Chairman of the Board are two of seven members of the Board of Governors who are appointed by the President from among the sitting Governors . </P>
who appoints the members of the board of governors of the federal reserve
the President