For immediate release: Jan. 20, 2004
FONTENOT APPOINTED TO FEDERAL RESERVE BANK OF ATLANTA BOARD OF DIRECTORS
Teri G. Fontenot, president and chief executive officer of Womans Hospital in Baton Rouge, La., has been elected to the Federal Reserve Bank of Atlantas board of directors. Her term began in January 2004, and runs through December 2006.
Fontenot joined Womans Hospital in 1992 as senior vice president, chief financial officer and treasurer. She was promoted to executive vice president and chief operating officer in 1994 and to her current position in 1996. Previously, she served as chief financial officer at St. Francis Medical Center in Monroe, La.; Southwest Florida Regional Medical Center in Fort Myers, Fla.; and Opelousas General Hospital in Opelousas, La.
Fontenot serves on the board of directors of several professional organizations, including the Louisiana Hospital Association, the Advisory Committee for the Office of Womens Health Research at the National Institutes of Health, and the Louisiana Commission of Perinatal Care and Infant Mortality. She is past chair of the Greater Baton Rouge Chamber of Commerce and serves on the Hibernia/Federated Mutual Funds board and the Louisiana State University System Research and Technology Foundation board and executive committee. She also is a member of the Baton Rouge Rotary Club.
Fontenot received an accounting degree from the University of Mississippi and an MBA from Northeast Louisiana University. She is also a certified public accountant.
Each of the nations 12 Federal Reserve Banks has a nine-member board of directors. Three Class A directors represent national and state-chartered banks that are members of the Federal Reserve System. Three Class B directors are elected by these banks but represent commerce, industry, agriculture, labor and consumers. Three Class C directors represent the same broad array of public interests but are appointed by the Board of Governors in Washington, D.C. Fontenot is a Class B director.
The board of directors of the Federal Reserve Bank of Atlanta oversees the management of the banks operations and recommends changes in the discount rate. Board members also contribute to the formulation of U.S. monetary policy through the economic information they provide the banks president.