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For immediate release: December 13, 2007

Kelleher Reappointed to Dallas Fed Board

DALLAS—The Federal Reserve Board of Governors has reappointed Herb Kelleher to the Federal Reserve Bank of Dallas board of directors. He will serve a three-year term beginning January 1, 2008. Kelleher was first appointed to the Dallas Fed board in January 2007.

Kelleher is co-founder and executive chairman of Southwest Airlines, serving as president and chief executive officer from 1981 to 2001. In July, he announced his retirement as chairman effective May 2008.

He has served on the boards of several civic and professional organizations and has received numerous awards, including the Wright Brothers Memorial Trophy, INC magazine’s U.S. Master Entrepreneur and the Bower Award for Business Leadership from the Franklin Institute.

Kelleher holds a B.A. from Wesleyan University and a J.D. from New York University.

Each Federal Reserve Bank has a nine-member board of directors. Three members represent commercial banks, three represent the public and three are appointed by the Board of Governors in Washington, D.C.

For more information on the Dallas Fed, visit


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