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Jeffrey R. Schmid (born 1958/1959) [1] is the President of the Federal Reserve Bank of Kansas City.He assumed office on 21 August 2023, succeeding Esther L. George. [2]He previously served as president of the Southwestern Graduate School of Banking at Southern Methodist University, held unspecified positions within the FDIC, [2] and served as the CEO of Mutual of Omaha Bank.
A Federal Reserve Bank is a regional bank of the Federal Reserve System, the central banking system of the United States. There are twelve in total, one for each of the twelve Federal Reserve Districts that were created by the Federal Reserve Act of 1913. [ 1 ]
The charter of each Federal Reserve Bank is established by law and cannot be altered by the member banks. Federal Reserve Bank stock cannot be sold or traded, and member banks do not control the Federal Reserve Bank as a result of owning this stock. They do, however, elect six of the nine members of the Federal Reserve Banks' boards of ...
The Board of Governors of the Federal Reserve System, commonly known as the Federal Reserve Board, is the main governing body of the Federal Reserve System. It is charged with overseeing the Federal Reserve Banks and with helping implement the monetary policy of the United States .
The Federal Reserve’s top banking regulator Michael Barr will step down from his position in February, saying that "the risk of a dispute over the position could be a distraction from our mission."
US President Donald Trump and Federal Reserve Governor Jerome Powell at a nomination ceremony at the White House in Washington, D.C., on Nov. 2, 2017.
Alberto G. Musalem is an American economist and banker who is the President of the Federal Reserve Bank of St. Louis.He assumed office on 2 April 2024. [1]He graduated from the London School of Economics with a BSc and Msc in economics, and from the University of Pennsylvania with a PhD in economics in 1996.
Thomas I. Barkin (born 1961) is an American central banker, who became the eighth president and CEO of the Federal Reserve Bank of Richmond on January 1, 2018. [1] He worked at global management consulting firm McKinsey & Company for 30 years in increasingly senior positions, including as global chief financial officer (CFO) and chief risk officer, with oversight of finance, legal and ...