Directors of Federal Reserve Banks are charged with the responsibility of supervising and controlling the operations of the Reserve Banks, under the general supervision of the Board of Governors, and for ensuring that the affairs of the Banks are administered fairly and impartially. The Federal Reserve Act provides that Reserve Bank directors will be selected with due consideration to the interests of various segments of the population and the economy, thus ensuring that the Federal Reserve System will receive the benefit of the experienced judgment of individuals from a broad spectrum of the communities that will be affected by actions of the System. For example, the provisions of section 4 of the Federal Reserve Act, as amended by the Federal Reserve Reform Act of 1977, provide that both class B and C directors shall be chosen to represent the public with “due but not exclusive consideration to the interests of agriculture, commerce, industry, services, labor, and consumers.” Section 4 further provides that class A directors “shall be chosen by and be representative of the stock-holding banks” of the Federal Reserve System. Recognizing that Reserve Bank directors may have, in their private capacities, business, consumer, or other interests to which legitimate attention is to be given, but recognizing also that these same individuals have fiduciary responsibilities as directors of Reserve Banks, regulations have been issued to ensure preservation of and adherence to the intent of both the Federal Reserve Act and title 18, section 208, of the U.S. Code (18 USC 208).