For release: May 15, 2004

Contacts:	Charles Henderson
	Office:	(314) 444-8311
	E-mail:	charles.b.henderson@stls.frb.org
	Mobile:	(314) 609-5972
	Pager:	(314) 538-9526
Online Press Room:		www.stlouisfed.org/news/press_room/contact.html

St. Louis Fed Promotes Paese to Vice President

ST. LOUIS, Mo.— The Federal Reserve Bank of St. Louis has promoted Kathy O. Paese to vice president of the Reserve Bank's Treasury Relations and Support Office (TRSO). Paese is the Federal Reserve's strategic consultantto the U.S. Treasury to improve efficiency in the payments system. TRSO oversees all of the payment operations provided to the Treasury by the 12 Reserve Banks of the Federal Reserve System.

A graduate of the University of Illinois, Paese began her career with the Fed in 1988 at the Federal Reserve Bank of Chicago.

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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