New York Fed Announces Appointment of New President
October 15, 2003
Circular No. 11547

To All Depository Institutions and Others Concerned in the Second Federal Reserve District:

In a press release, Timothy F. Geithner was named today to serve as President and CEO of the Federal Reserve Bank of New York. His appointment by the New York Fed’s Board of Directors was approved by the Federal Reserve Board of Governors and announced by Peter Peterson, chair of the New York Fed’s Board of Directors and of the search committee that selected Mr. Geithner.

Mr. Geithner is expected to assume his duties in mid-November. For more details, please access the press release.

Questions on this matter may be directed at this Bank to Linda Ricci, Assistant Vice President, Public Information.