ST. LOUIS — The Federal Reserve Bank of St. Louis announced the following promotions in the Reserve Bank's Research Division:
- Massimo Guidolin has been promoted to assistant vice president. Guidolin has a bachelor of economics with specialization in money, banking and finance from Bocconi University in Milan, Italy, and a doctorate in economics from the University of California, San Diego. He joined the St. Louis Fed in 2004.
- Michael T. Owyang has been promoted to Research officer. He has a bachelor of science degree in mechanical engineering and a bachelor of arts degree in economics from the University of California, Berkeley, and a doctorate in economics from the University of California, San Diego. Owyang joined the Reserve Bank in 2000.
- Michael R. Pakko has been promoted to Research officer. He has a bachelor of arts in economics/socioeconomic policy problems from Michigan State University and a doctorate in economics from the University of Rochester. He has been with the St. Louis Fed since 1993.
With branches in Little Rock, Louisville and Memphis, the Federal Reserve Bank of St. Louis serves the Eighth Federal Reserve District, which includes all of Arkansas, eastern Missouri, southern Indiana, southern Illinois, western Kentucky, western Tennessee and northern Mississippi. The St. Louis Fed is one of 12 regional Reserve banks that, along with the Board of Governors in Washington, D.C., comprise the Federal Reserve System. As the nation's central bank, the Federal Reserve System formulates U.S. monetary policy, regulates state-chartered member banks and bank holding companies, and provides payment services to financial institutions and the U.S. government.
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