Federal Reserve Bank of St. Louis Announces Staff Changes

ST. LOUIS — The Federal Reserve Bank of St. Louis announced the following staff changes.

Catherine A. Kusmer was promoted to officer in the Supervision & Regulation Division. Kusmer began her career at the Fed in 1990 as an assistant examiner. She has bachelor and master of science degrees in business administration from St. Louis University.

Fontaine L. Chapman was named vice president and assistant general auditor. She formerly served as a managing director/partner with RSM McGladrey/McGladrey & Pullen in St. Louis. Chapman has a bachelor of science from McKendree College and a master of business administration degree from Southern Illinois University-Edwardsville.

Michael W. McCracken was named an officer in the St. Louis Fed's Research Division. Prior to the joining the St. Louis Fed, he was a staff economist at the Federal Reserve Board in Washington, D.C. McCracken has a bachelor of science degree in mathematics from the University of Kansas-Lawrence, master of arts degrees in economics and statistics from the University of Missouri-Columbia, and a master of science degree and a doctorate in economics from the University of Wisconsin-Madison.

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, provides payment services to financial institutions and the U.S. government, and promotes community development and financial education.

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