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Last Updated: 11/17/06

News Release

Chicago Fed Announces New Vice Presidents, Assistant Vice President

CHICAGO - The Federal Reserve Bank of Chicago announces the promotions of Jeff Marcus to vice president and corporate controller, Kathy Hilton Schrepfer to vice president and associate general counsel, and Cyndi Pijarowski to assistant vice president.

Background about Jeff Marcus

Marcus, 46, has been promoted to vice president and corporate controller. He previously served as assistant vice president, technology strategy and compliance. Marcus joined the bank in 1982, and since then, he has served in a number of leadership roles in various departments including strategic planning, financial management, information technology and human resources.

Marcus graduated with a B.S. in Finance from Northern Illinois University and an MBA in Finance from DePaul University. He resides in Vernon Hills.

Background about Kathy Hilton Schrepfer

Schrepfer, 41, has been promoted to vice president and associate general counsel. She joined the bank's legal department in 1992 and has developed legal expertise in a variety of areas including law enforcement/protection, ethics, and human resources. Before joining the bank in 1992, Schrepfer worked at a law firm from 1990 to 1992. She previously worked at the Chicago Fed as a law clerk from 1989 to 1990.

Schrepfer received a B.A. degree in Political Science from the University of Illinois and her law degree from Loyola University School of Law. She resides in Elmhurst.

Background about Cyndi Pijarowski

Pijarowski, 36, has been promoted to assistant vice president, Customer Relations Support Office (CRSO) Finance and Planning. She previously held the position of CRSO budget and finance manager. Since joining the bank in 1992, Pijarowski has held various positions including examiner, national communications manager in supervision and regulation, communication and IT training manager in the technology group, and key project management leader in FedLine Advantage design and development.

Pijarowski has a B.S. in Finance from Winona State University and a Master's Certificate in Project Management from Regis University. She resides in Tinley Park.

Background about the Federal Reserve Bank of Chicago

The Federal Reserve Bank of Chicago is one of 12 regional Reserve Banks that, along with the Board of Governors in Washington, D.C., constitute the nation's central bank. The Chicago Reserve Bank serves the Seventh Federal Reserve District, which encompasses the northern portions of Illinois and Indiana, southern Wisconsin, the Lower Peninsula of Michigan, and the state of Iowa. In addition to participation in the formulation of monetary policy, each Reserve Bank supervises member banks and bank holding companies, provides financial services to depository institutions and the U.S. government, and monitors economic conditions in its District.

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Federal Reserve Bank of Chicago, 230 South LaSalle Street, Chicago, Illinois 60604-1413, USA. Tel. (312) 322-5322

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