News Release

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

Kelly McMillan Supervision and Regulation's Assistant Vice President

McMillan, 44, will join the S&R staff effective August 17 as assistant vice president in the S&R Information Technology Examination and Technology Lab. In this capacity, he will lead teams that monitor IT risk, examine banks' efforts to mitigate risk, and develop examiner training. He most recently held management roles in the Systems and Process Assurance area at Pricewaterhouse Coopers LLP, in Chicago.

McMillan earned an undergraduate degree from MacMurray College in Jacksonville, Illinois and is a Certified Information Systems Auditor. He lives in Oswego, Illinois.

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.