"residents of the district" (Federal Reserve Act)

[allodial]

This is from section 4.20 of the Federal Reserve Act concerning requirements for "Class C Directors". In particular note the requirement of being a "resident of the district":

They shall have been for at least two years residents of the district for which they are appointed, one of whom shall be designated by said board as chairman of the board of directors of the Federal reserve bank and as "Federal reserve agent." He shall be a person of tested banking experience, and in addition to his duties as chairman of the board of directors of the Federal reserve bank he shall be required to maintain, under regulations to be established by the Board of Governors of the Federal Reserve System, a local office of said board on the premises of the Federal reserve bank.

Thusly you see, it is legally possible for a person to be a resident of a Federal Reserve district.