WASHINGTON (12/6/11)--The Federal Reserve Board has named the 2012 district chairpersons and deputy chairpersons for its 12 Federal Reserve Banks.
The 12 banks are located in Boston; New York; Philadelphia; Cleveland; Richmond, Va.; Atlanta; Chicago; St. Louis; Minneapolis; Kansas City, Mo.; Dallas; and San Francisco. Each bank has a nine-member board of directors. The Federal Reserve appoints three of these directors and designates chairs and deputy-chairs each year.
Kirk Sykes, president of Urban Strategy America Fund L.P., will chair the Boston Fed Bank, with Yale University Sterling Professor of Economics William Nordhaus serving as deputy chair.
William Penn Foundation President Jeremy Nowak will lead the Philadelphia Fed Bank, and The Swarthmore Group Chairman James Nevels will serve as deputy chair.
Energizer Holdings CEO Ward Klein will lead the St. Louis Fed Bank, and Peabody Energy Executive Vice President Sharon Fiehler will serve as deputy chair.
The Minneapolis Fed Bank will be chaired by Mary Brainerd, CEO of HealthPartners, and Pentair Inc. CEO Randall Hogan will serve as deputy chair.
Former USG Corp. Chairman William Foote will again chair the Chicago Fed Bank, with ManpowerGroup CEO Jeffrey Joerres coming in to serve as deputy chair.
Paul DeBruce will also repeat as chair the Kansas City Fed Bank, with Barbara Mowry, CEO of GoreCreek Advisors, serving as deputy chair.
The current chairs and deputy chairs of the New York, Cleveland, Richmond, Atlanta, Dallas, and San Francisco Fed Banks will remain in their positions for 2012, the Fed said.
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