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For immediate release: July 29, 2003

KEPLER MOVES TO ATLANTA FED RETAIL PAYMENTS OFFICE (RPO); SCHULZ ASSUMES EXPANDED RPO RESPONSIBILITIES

Mary Kepler, formerly vice president of automation operations for the Federal Reserve Bank of Atlanta, has been named vice president in the Federal Reserve System’s retail payments office (RPO), announced Jack Guynn, president and chief executive officer of the Atlanta Fed. Guynn also announced that Larry Schulz, a vice president in the RPO, will assume full responsibility for the RPO’s International Retail Payments Office and the coordination of its efforts with the International Direct Deposit program office at the Federal Reserve Bank of New York. The Federal Reserve System's RPO is based at the Atlanta Fed.

In her new role, Kepler assumes responsibility for the management of Federal Reserve retail payment services provided to the U.S. Treasury Department and for initiatives in intellectual property rights, responsibilities previously managed by Schulz.

Kepler joined the Atlanta Bank in 1992, after almost eight years at the Federal Reserve Bank of Kansas City. At the Atlanta Fed, she initially held the position of relationship manager, dedicated to AmSouth Bancorporation, prior to her promotion to assistant vice president in the automation operations department in May 1998. Kepler was named vice president of the Atlanta Fed’s automation operations function in 2002. Kepler earned a bachelor of business administration in finance from Central Missouri State University. She has also completed the executive development program at Northwestern University.

Prior to assuming his current responsibilities, Schulz was vice president over the RPO’s Check Relay function, the International Retail Payments Office and the RPO’s Treasury projects and was the intellectual property manager for the Atlanta Fed. The new division of labors allows Schulz to focus on FedACH International’s###