| For immediate release |
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The Federal Reserve Board today announced the appointment of Louise L. Roseman as Director of the Division of Reserve Bank Operations and Payments Systems. Her appointment is effective on June 13, 1999, shortly before the retirement of Clyde Farnsworth, the current Division Director.
The Division of Reserve Bank Operations and Payment Systems oversees the Federal Reserve Banks' provision of financial services to depository institutions, fiscal agency services to the Treasury and other government agencies, and significant support functions, such as information technology, financial and cost accounting, audit, human resources, and facilities management. The Division is also responsible for the development of policies and regulations to foster the efficiency and integrity of the U.S. payments system, and it works with other central banks and international organizations to improve the payments system more broadly. Ms. Roseman joined the Board's staff in 1985. She was appointed an officer in 1987, and in 1994 was promoted to Associate Director. She holds a B.A. from Georgetown University and an M.B.A. from George Washington University. |