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Last Updated: 10/16/08

News Release

Chicago Fed Announces Promotions

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

Spencer Krane New Senior Vice President, Economic Research

Krane, 52, has been promoted to senior vice president, Economic Research. An expert in domestic macroeconomics, Krane came to the Chicago Fed from the Federal Reserve Board of Governors in 2001. He coordinates the Research Department's macroeconomic forecasting and monetary policy analysis work. Krane graduated from Kalamazoo College, in Kalamazoo, Mich., with a bachelor's degree in mathematics and economics, and from the University of California at Berkeley with a Ph.D. in economics. He resides in Chicago, Ill.

Jerome Julian New Vice President of Central Bank Services

Julian, 52, has been promoted to vice president, Central Bank Services. He previously served as assistant vice president in Credit Risk Management. He joined the Chicago Fed in 1976 and since that time has acquired extensive knowledge of the bank's operations through his work in Statistical and Financial Reporting, Supervision and Regulation, and Credit Risk Management. Julian earned a bachelor's degree in English from Loyola University in Chicago. He resides in Hazel Crest, Ill.

Katie Wisby New Assistant Vice President of Payments System Risk

Wisby, 32, has been promoted to assistant vice president, Payments System Risk, Discount Window and Central Bank Services Technical Support. She previously served as manager of Discount Window and Payments System Risk. Wisby joined the Chicago Fed in 1999 as Discount Window Analyst and since then has managed the Discount Window and Payments System Risk functions since 2005. Wisby graduated from the University of Illinois in Urbana-Champaign with a bachelor's degree in economics and received a master's degree in Business Administration from the Kellogg School of Management at Northwestern University. She resides in Chicago, Ill.

Mark Green New Assistant Vice President Law Enforcement Unit

Green, 49, is the new assistant vice president of the Chicago Fed's Law Enforcement Unit. He most recently served as assistant vice president at the Midway Check Processing Facility in Bedford Park, Ill. Previous to that he served as a senior check manager. Green is currently completing his bachelor's degree at Benedictine University. He resides in Oswego, 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, D.C., make up 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 all 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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