News Release

CHICAGO — The Federal Reserve Bank of Chicago's Supervision and Regulation (S&R) Department has hired a new vice president.

Jim Nelson Supervision and Regulation's Vice President

Nelson, 49, will join the S&R staff effective June 15 as a new vice president responsible for the team of S&R staff members who will oversee the supervision of the Chicago Fed's largest institutions. He most recently served as the chief risk officer for Huntington Bank located in Columbus, Ohio.

Nelson earned an undergraduate degree from the University of Florida, and an MBA from the University of Chicago. He lives in Chicago.

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.