Caryn Seidman Becker, chairman and chief executive officer of CLEAR, has been elected as a Class B Director to the Board of Directors at the Federal Reserve Bank of New York. Her election was carried out by member banks in Group 2, which includes banks with capital and surplus between $40 million and $2 billion. Seidman Becker will serve a three-year term that concludes on December 31, 2028.
CLEAR is a secure identity company based in New York. Before joining CLEAR, Seidman Becker founded and led Arience Capital, an asset management firm. She has also served as a director at The Home Depot, Inc. since 2022. Additionally, she is involved with several organizations as a board member or trustee, including the Partnership for New York City, Robin Hood, the TEAK Fellowship, and the 9/11 Memorial & Museum.
Seidman Becker holds a Bachelor of Science degree in political science from the University of Michigan.
The Federal Reserve Act of 1913 mandates that each Reserve Bank operates under a board of directors consisting of nine members who represent their respective districts’ interests. These directors are split into three classes: Class A represents member banks; Classes B and C represent public interests such as agriculture, commerce, industry, services, labor, and consumers. The board helps ensure that monetary policy decisions are informed by economic conditions across different sectors.
“EllenSimon (347) 978-3036 Ellen.Simon@ny.frb.org”
