Michigan State University President Lou Anna K. Simon has been appointed chair of the Federal Reserve Bank of Chicago’s Detroit Branch.
The appointment is effective Jan. 1, 2014
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.
MSU’s 20th president, Simon was appointed president in January 2005.
An MSU graduate, she began her career at Michigan State after earning her doctorate in 1974. From there, she moved into a variety of administrative roles, including assistant provost for general academic administration, associate provost, and provost and vice president for academic affairs.
For more, visit http://president.msu.edu/biography/.