Chicago Fed Promotions Announced
CHICAGO- The Federal Reserve Bank of Chicago announced promotions in the Enterprise Risk Management Office and the Office of the Directors.
Enterprise Strategy and Risk Management
Jenny Scheuermann, 41, has been promoted to vice president and risk officer responsible for enterprise strategy, risk and business continuity. She was formerly an assistant vice president in the enterprise risk department. She lives in La Grange, Ill.
Office of the Directors
Nicole Roth, 32, has been promoted to assistant vice president and corporate secretary in the Office of the Directors. She formerly was a manager in the department. She lives in Chicago, 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.