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Last Updated: 07/07/08

News Release

Chicago Fed Announces New Senior Vice Presidents

CHICAGO — The Federal Reserve Bank of Chicago today announced two promotions:

Valerie Van Meter New Senior Vice President of Central Bank Services, Accounting and Purchasing

Van Meter has been promoted to senior vice president of Central Bank Services, which includes the Discount Window, Payments System Risk, Reserves Accounting and Statistical & Financial Reports. She will also oversee Accounting and Purchasing. In addition, she will also continue to serve as the Bank's EEO Officer. She previously served as vice president, Central Bank Services. Van Meter has been with the Bank for more than 21 years and has had numerous leadership roles in both the Chicago Fed's Detroit and Chicago offices.

Van Meter graduated from the University of Michigan with a bachelor's degree in economics and from the University of Chicago with a master's degree in business administration. A native of Detroit, she currently resides in Bolingbrook, Ill.

Margaret "Peg" Koenigs New Senior Vice President of Audit

Koenigs has been promoted to senior vice president, Audit. She joined the bank in 1983 and has held various leadership roles in the Accounting areas and Human Resources. Most recently she served as vice president and general auditor.

Koenigs earned a bachelor's degree from Michigan State University and a master's degree in business administration from the University of Chicago. She is also a certified internal auditor. She resides in Clarendon Hills, Ill.

Federal Reserve Bank of Chicago Background

The Federal Reserve Bank of Chicago is one of 12 regional Reserve Banks that, along with the Board of Governors in Washington, DC, make up the nation's central bank. The Chicago Reserve Bank serves the 7th Federal Reserve District, which encompasses the northern portions of Illinois and Indiana, southern Wisconsin, the Lower Peninsula of Michigan, and the entire 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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