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For immediate release: Jan. 9, 2013

Atlanta Fed Recognizes Four Employees with President's Award

The Federal Reserve Bank of Atlanta awarded its annual President's Award for Excellence to Alberto Armas and Jay Repine in the Miami Branch and Jason Palmer and Randy Reid in the Atlanta office. Dennis Lockhart, president and chief executive officer of the Atlanta Fed, presented the awards in a recent ceremony. The President's Award recognizes Sixth Federal Reserve District employees who have distinguished themselves by their outstanding performance.

Alberto Armas is a section manager in cash services who in his 28-year career at the Miami Branch has become the District's foremost authority on cash operations. His knowledge is so thorough he developed training guides for offsite partners, earned the designation as the office transition coordinator for all cash automation application initiatives in the Miami Branch and is often called upon by other Federal Reserve offices to assist on work groups and compliance reviews.

Jay Repine is a director of examinations in the Miami Branch who has been called upon often during his 21 years of service to mentor new examiners. Repine is "a notch above" in analyzing risk and communicating the nuances of risk-focused supervision to his colleagues. He consistently represents the Bank in an exemplary manner at public forums and within the Federal Reserve System through speaking engagements, on special projects, and on high-profile assignments.

Jason Palmer is a multimedia specialist who has been with the Bank three years and has already made an impact on the way the Atlanta Fed communicates using video and graphic design. Despite tight deadlines and limited budgets, he is always willing to go above and beyond to meet his clients' needs without letting the circumstances impact the quality of his work. Palmer's work encourages communication and teamwork and fosters strong work relationships.

Randy Reid is a staff sergeant who has served in the Atlanta Fed's law enforcement department for 10 years, most recently supervising the busy day shift operations. He was instrumental in helping law enforcement pass the 2011 Board of Governors' review with all positive comments. Reid leads the Bank's strategic inventory location team and has been a major player in coordinating visits for some of the Federal Reserve System's highest ranking officers, including Chairman Ben Bernanke.

The Atlanta Fed is a part of the nation's central banking system, which Congress created in 1913. The Federal Reserve conducts monetary policy by influencing money and credit conditions in the economy in pursuit of full employment and stable prices, supervises and regulates banking institutions and helps ensure that the nation's payments systems operate smoothly. The Atlanta Fed serves the Sixth Federal Reserve District, which encompasses Alabama, Florida, Georgia and sections of Louisiana, Mississippi and Tennessee. The Atlanta Fed participates in setting national monetary policy, supervises numerous commercial banks and provides a variety of financial services to depository institutions and the U.S. government.