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Press Release

Federal Reserve Press Release

Release Date: December 3, 2012

For immediate release

The Federal Reserve Board on Monday announced the designation of the chairs and deputy chairs of the Federal Reserve Banks for 2013.

Each Reserve Bank has a nine-member board of directors. The Board of Governors in Washington appoints three of these directors and each year designates one of its appointees as chair and a second as deputy chair.

Following are the names of the chairs and deputy chairs designated by the Board for 2013:

Kirk A. Sykes, President, New Boston's Urban Strategy America Fund, Boston, Massachusetts, renamed Chair.

William D. Nordhaus, Sterling Professor of Economics, Yale University, New Haven, Connecticut, renamed Deputy Chair.

New York
Emily K. Rafferty, President, The Metropolitan Museum of Art, New York, New York, named Chair.

Kathryn S. Wylde, President and Chief Executive Officer, Partnership for New York City, New York, New York, renamed Deputy Chair.

Jeremy Nowak, Former President, William Penn Foundation and Former Chief Executive Officer, The Reinvestment Fund, Philadelphia, Pennsylvania, renamed Chair.

James E. Nevels, Chairman, The Swarthmore Group, Philadelphia, Pennsylvania, renamed Deputy Chair.

Richard K. Smucker, Chief Executive Officer, The J.M. Smucker Company, Orrville, Ohio, named Chair.

Christopher M. Connor, Chairman and Chief Executive Officer, The Sherwin-Williams Company, Cleveland, Ohio, named Deputy Chair.

Chair -- To be announced.

Linda D. Rabbitt, Chairman and Chief Executive Officer, Rand Construction Corporation, Washington, D.C., renamed Deputy Chair.

Thomas I. Barkin, Director, McKinsey & Company, Atlanta, Georgia, named Chair.

Carol B. Tomé, Executive Vice President and Chief Financial Officer, The Home Depot, Atlanta, Georgia, named Deputy Chair.

Jeffrey A. Joerres, Chairman and Chief Executive Officer, ManpowerGroup, Milwaukee, Wisconsin, named Chair.

Greg Brown, Chairman and Chief Executive Officer, Motorola Solutions, Inc., Schaumburg, Illinois, named Deputy Chair.

St. Louis
Ward M. Klein, Chief Executive Officer, Energizer Holdings, Inc., St. Louis, Missouri, renamed Chair.

Sharon D. Fiehler, Executive Vice President and Chief Administrative Officer, Peabody Energy, St. Louis, Missouri, renamed Deputy Chair.

Mary K. Brainerd, President and Chief Executive Officer, HealthPartners, Minneapolis, Minnesota, renamed Chair.

Randall J. Hogan, Chairman and Chief Executive Officer, Pentair, Inc., Minneapolis, Minnesota, renamed Deputy Chair.

Kansas City
Barbara Mowry, Chief Executive Officer, GoreCreek Advisors, Greenwood Village, Colorado, named Chair.

Steve Maestas, Managing Partner, NAI Maestas and Ward Commercial Real Estate, Albuquerque, New Mexico, named Deputy Chair.

Herbert D. Kelleher, Founder and Chairman Emeritus, Southwest Airlines, Dallas, Texas, renamed Chair.

Myron E. Ullman III, Retired Chairman and Chief Executive Officer, J.C. Penney Company, Inc., Plano, Texas, renamed Deputy Chair.

San Francisco
Patricia E. Yarrington, Vice President and Chief Financial Officer, Chevron Corporation, San Ramon, California, named Chair.

Roy A. Vallee, Retired Executive Chairman, Avnet, Inc., Phoenix, Arizona, named Deputy Chair.

Board Votes

Last update: December 3, 2012