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For immediate release: Dec. 14, 2006

Federal Reserve Bank of Atlanta Announces Check Operation Promotions

Jennifer Gibilterra and Ken Wilcox have been named assistant vice presidents in the check operations function at the Federal Reserve Bank of Atlanta, announced Patrick K. Barron, first vice president and chief operating officer of the Atlanta Fed.

In her new position, Gibilterra is responsible for the payment services reconcilement and settlement area, as well as customer support and the quality unit. She joined the New Orleans Branch of the Atlanta Fed in 1993 as a management associate and served in various positions in accounting and payment services before being promoted to financial services director in 2001. In 2004 she moved to Atlanta as director of the check function office, and in 2005 she was promoted to administrator.

Gibilterra has been a key leader in the Sixth District's check modernization projects. She currently assists leading the System Check Standards Workgroup. Gibilterra earned a double major in economics and philosophy from Loyola University in New Orleans. She has also attended executive development sessions at Harvard and Columbia universities.

Wilcox is responsible for day check operations, payor bank services and master terminal operations, and District technical operations. He joined the Jacksonville Branch of the Atlanta Fed in 1991 and served in various management roles in payment services before being promoted to financial services director in 1998. Most recently he served as financial services administrator over reconcilement, settlement and District technical operations.

Wilcox has served on projects at the District and System levels, including serving as Sixth District Test Coordinator for check standardization and test coordinator for check restructuring as well as co-chair of the system sort pattern evaluation team and system chair of the master terminal operator user group. Wilcox earned a bachelor's degree in business administration from Flagler College.

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.