Scott Rechler has been reelected as a Class B Director to the Board of Directors of the Federal Reserve Bank of New York. Rechler, who is the chairman and CEO of RXR, will represent Group 1 banks with capital and surplus exceeding $2 billion. His new term will last three years, concluding on December 31, 2027.
RXR is a real estate investment management firm based in New York City. Before founding RXR, Rechler was chair and CEO of Reckson Associates Realty Corp and co-founder and board member at American Campus Communities.
Rechler holds several positions in various organizations. He serves as trustee and vice chair for the National September 11 Memorial and Museum, chairs the Feinstein Institute for Medical Research, and is involved with the Real Estate Board of New York, the Real Estate Roundtable, and NYU's Real Estate Institute Advisory Committee. Additionally, he is on the boards of Northwell Health, the Hospital for Special Surgery, and New York University.
His previous roles include chairing the Regional Plan Association, serving on the Metropolitan Transportation Authority board, and being vice chairman for the Port Authority of New York and New Jersey. Rechler graduated from Clark University and NYU's Schack Institute of Real Estate.
The Federal Reserve Act mandates that each Reserve Bank operates under a board comprising nine directors who reflect their District's interests. These directors bring diverse expertise to help fulfill policy responsibilities. Class A Directors represent member banks; Class B and C Directors represent public interests. The directors connect the Federal Reserve with private sector insights to inform monetary policy decisions.
For further information: Ellen Simon at (347) 978-3036 or Ellen.Simon@ny.frb.org
