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For immediate release: Apr. 1, 2003

MANDEL APPOINTED CORPORATE SECRETARY FOR ATLANTA FED

Mary Mandel has been appointed assistant vice president, corporate secretary and assistant to the president at the Federal Reserve Bank of Atlanta, announced Jack Guynn, president and chief executive officer of the Atlanta Fed.

In her new position, Mandel will oversee the identification, nomination and election of Atlanta Fed directors and the appointment process of Atlanta Fed head office and Branch directors. Additionally, she is responsible for planning the distinguished lecture series and monthly board of directors’ meetings, planning the Bank’s advisory council meetings and the recruitment and appointment of its members, and assisting the president with other programs and special functions associated with international dignitaries and other officials.

Mandel began her career with the Miami Branch of the Atlanta Fed in January 1989. She transferred to the Atlanta Branch in July 1995 and was promoted to assistant vice president in the Birmingham Branch in January of 1997. Before assuming her current position, she served as assistant vice president in the planning and control department of the Atlanta Fed, overseeing the budget and strategic planning processes. Mandel received her bachelor’s degree in finance from Florida State University and has completed the Senior Executive Program at Columbia University.

The Federal Reserve Bank of Atlanta serves the Sixth Federal Reserve District, which encompasses Alabama, Florida, Georgia and sections of Louisiana, Mississippi and Tennessee. As part of the nation’s central banking system, 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.