In Brief

Chicago Fed announces promotions.

Last Updated: 02/01/12

News Release

Promotions Announced in Chicago Fed’s Supervision and Regulation Department

CHICAGO- The Federal Reserve Bank of Chicago announces promotions in its Supervision and Regulation department (S&R).


Supervision and Regulation


Kandice Alter, 45, has been promoted to assistant vice president, Talent Management, in S&R’s Department Oversight division.  She formerly was a senior supervision analyst in the S&R department.  She lives in Chicago.


Joan Fischmann, 52, has been promoted to assistant vice president and portfolio manager over Illinois in the Community Bank Safety and Soundness division.  She formerly held leadership positions in the Community Bank and Risk Specialists divisions.  She lives in Mokena, Ill.


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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 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.