Kathleen O’Neill Paese
Kathy O’Neill Paese (pronunciation: “pace”) is interim president and chief executive officer of the Federal Reserve Bank of St. Louis. Ms. O’Neill Paese has more than 35 years of experience with the Federal Reserve System, most at the St. Louis Fed. Ms. O’Neill Paese also currently serves as first vice president (FVP), chief operating officer and Federal Reserve System Treasury product director. In her role, Ms. O’Neill Paese is responsible for managing the Reserve Bank’s operations throughout the entire seven-state region of the Eighth Federal Reserve District. In addition, she chairs the St. Louis Fed’s Management Committee and is a member of the Discount Window Lending Committee.
Prior to becoming FVP/COO, she was the executive vice president in charge of the Treasury Division, providing oversight and direction to the Treasury Relations and Support Office (TRSO) and 14 operational/technical services that the St. Louis Fed provides to the U.S. Treasury. As Fed System Treasury product director, Ms. O’Neill Paese and the TRSO have national responsibility for managing the relationship between the Federal Reserve System and the financial bureaus of the U.S. Department of the Treasury, and for coordinating and monitoring all of the Federal Reserve System’s Treasury support functions.
In addition to her local responsibilities, Ms. O’Neill Paese leads the Federal Reserve System’s Risk Management Committee, responsible for identifying and reporting on enterprise operational risk management activities, and serves on the Fed System Committee that oversees Research, Supervision and Community Development functions.
Prior to her roles in support of the Treasury, Ms. O’Neill Paese held a variety of positions in the Bank’s operations, Public Affairs and Business Development functions.
Ms. O’Neill Paese received her bachelor’s degree in communications from the University of Illinois, Urbana-Champaign, and is a graduate of the Kellogg School of Business’ Executive Leadership Program at Northwestern University. She remains active in the community by serving as an executive member of the St. Louis Anchor Action Network, and on the Chairman’s Executive Council of Greater St. Louis, Inc. Ms. O’Neill Paese also serves on the Board of Trustees for Webster University.