Governor, Federal Reserve System Board of Governors
Philip Jefferson
Biden administration.
- Assets disclosed
- $1.9M to $4.3M
- Outside pay
- Not shown
- Trades disclosed
- 15
- In office since
- May 2022
Assets disclosed: on the 2025 annual filing. The values on Jefferson’s latest financial disclosure to the Office of Government Ethics, added up as ranges, because the form gives ranges and never exact values.
Outside pay: shown for the current administration only. What the latest form reports was paid to the official to the dollar, outside the public salary, which is set by law.
Trades disclosed: May 2022 to Mar 2025. Transactions on 278-T reports and annual reports, which include a spouse’s and dependent children’s.
In office since: took office May 23, 2022.
Outside pay is kept for the current administration only. The Office of Government Ethics drops officials from its public portal after they leave, and by law it destroys most reports six years after they are filed. We saved some earlier reports before they went, but no complete set for any earlier administration survives, and a partial record shown as if it were whole would mislead.
Start date: the cabinet record.
Largest holdings
On the 2025 annual filing
- Vanguard PRIMECAP Fund Investor Shares (VPMCX)$500K to $1M
- Vanguard Target Retirement 2030 Fund Investor Class Shares (VTHRX)$500K to $1M
- Vanguard Total Stock Market Index Fund ETF Class Shares (VTI)$250K to $500K
- CREF Growth R2 (QCGRPX)$100K to $250K
- Vanguard Total International Stock Index Fund ETF Shares (VXUS)$100K to $250K
- Assets listedEach with a value range
- 44
- Without a valueListed with no dollar range
- 8
Trades
Disclosed on periodic and annual reports, by year
- Bought40% of trades
- 6
- Sold60% of trades
- 9
0 of the 2 trades with a filing date to check were reported after 45 days plus any extension the filing states. The other 13 carry no filing date that can be checked.
The executive financial disclosure reports the official’s transactions together with those of a spouse and dependent children, and does not mark which is which. These trades are shown as disclosed. They should not be read as the official personally trading.
What was traded
- Funds and ETFs
93% of trades
14 - Bonds
7% of trades
1
Past the deadline
0
Of the 2 trades with a filing date to check, after 45 days plus any extension the filing states
Estimated volume
$1.5M
The forms give each trade as a range of dollars. This adds the low end of every range, so the real volume is at least this and could be much more.
Net worth
Reported as ranges, so no single net worth
- Disclosed assets
- $1.9M to $4.3M
- Disclosed liabilities
- None disclosed
A net worth for Philip Jefferson cannot be computed from this filing: values are given as ranges, some items carry no value, and a home kept for personal use is not reported.
- Disclosed assets:
- as ranges on 44 line items, plus 8 without a dollar value
- Disclosed liabilities:
- none reported on this filing
These are the lower and upper bounds of the ranges on the filing, not a market valuation. Assets and liabilities are shown separately and are never netted into a net worth. How these bands are read
Kept since Aug 27, 2026. Federal law generally requires a filing to be destroyed six years after it was received, unless it is needed in an ongoing investigation.
Disclosures: Office of Government Ethics, read through Oct 24, 2026. Latest filing: 2025 annual filing.
Holdings
On the 2025 annual filing, largest range first
- Vanguard PRIMECAP Fund Investor Shares (VPMCX)$500K to $1M
- Vanguard Target Retirement 2030 Fund Investor Class Shares (VTHRX)
Line 5.2 of the filing
$500K to $1M - Vanguard Total Stock Market Index Fund ETF Class Shares (VTI)$250K to $500K
- CREF Growth R2 (QCGRPX)$100K to $250K
- Vanguard Total International Stock Index Fund ETF Shares (VXUS)$100K to $250K
These are the lower and upper bounds of the ranges on the filing, not a market valuation. Assets and liabilities are shown separately and are never netted into a net worth. How these bands are read
Kept since Aug 27, 2026. Federal law generally requires a filing to be destroyed six years after it was received, unless it is needed in an ongoing investigation.
Disclosures: Office of Government Ethics, read through Oct 24, 2026. Latest filing: 2025 annual filing.
Trades
15 disclosed transactions, May 2022 to Mar 2025
What was traded
- Funds and ETFs
93% of trades
14 - Bonds
7% of trades
1
Past the deadline
0
Of the 2 trades with a filing date to check, after 45 days plus any extension the filing states
Estimated volume
$1.5M
The forms give each trade as a range of dollars. This adds the low end of every range, so the real volume is at least this and could be much more.
Disclosed transactions
Newest first, five a page, each with its filing
Sold unless marked · Unspecified, every row
15 disclosed transactions, 13 of them only in the annual report. Amounts are ranges, never exact, and every row links to the official filing.
0 of the 2 trades with a filing date to check were reported after 45 days plus any extension the filing states. The other 13 carry no filing date that can be checked.
The executive financial disclosure reports the official’s transactions together with those of a spouse and dependent children, and does not mark which is which. These trades are shown as disclosed. They should not be read as the official personally trading.
Disclosures: Office of Government Ethics, read through Oct 24, 2026. Latest filing: 2025 annual filing.