Mr. Sapenaro is currently the first vice president and chief operating officer of the Federal Reserve Bank of St. Louis. He is responsible for directing the Bank's operations at the St. Louis office as well as at its branch offices in Little Rock, Ark., Louisville, Ky., and Memphis, Tenn.

Prior to being named to his current position in January 2006, Mr. Sapenaro spent eight years managing and leading various Federal Reserve operations and initiatives in support of the U.S. Treasury. He also spent 10 years at the Federal Reserve Bank of Kansas City, holding a variety of managerial and official positions in the Operations Division of the Bank, including lengthy stints as the officer-in-charge of the Bank's Automated Clearing House and Funds Transfer operations.

Mr. Sapenaro received a bachelor's degree in Business Administration from the University of Missouri—Kansas City in 1985. He is married and has three children.