Class D Directors Act of 1983

Class D Directors Act of 1983 - Amends the Federal Reserve Act to provide for a new class of directors for each Federal Reserve Bank. Requires the Federal Reserve Board to designate three such Class D directors, one from each of the following classes of depository institutions: (1) savings banks under the Federal Deposit Insurance Act; (2) insured credit unions under the Federal Credit Union Act; and (3) any insured institution under the National Housing Act. Sets forth further requirements concerning such directors.

Declares that the Board shall be the sole judge of suitability and should there be no suitable candidates, the Board shall fill any vacancy with an individual who will best represent the interests of the class of depository institutions which is vacant.