 In Houston, Traber serves on several boards including BCM Technologies, BioHouston, the Federal Reserve Bank of Dallas (Houston Branch), the Greater Houston Partnership, the Houston Technology Center, and the National Space Biomedical Research Institute.Peter Traber has a brother, Jim Traber, who used to play for the Baltimore Orioles, and a sister, Theresa Traber, Esq., who works as a civil rights attorney in California.According to a "New York Times" article on November 20, 2006, Traber was one of the highest paid college presidents with an annual pay of over $1.3 million.