Dimon departed when his term expired Dec. 31, a New York Fed spokeswoman said. Its board members customarily step down after serving a maximum of two three-year terms, as Dimon did, she said.
The New York Fed’s nominating committee still has to recommend Dimon’s replacement, she said. No deadline has been set.
Dimon was one of three Class A directors, who are elected by member banks to represent their interests. The board’s other six directors represent the public.