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Bank Promotes Nason to Vice President

For immediate release
Contact: Marilyn Wimp, E-mail manager of media relations, (215)-574-4197, or Katherine Dibling, E-mail senior media representative, (215) 574-4119

Philadelphia, Pa. - The Federal Reserve Bank of Philadelphia has announced the promotion of James M. Nason to vice president and economist, effective March 1, 2010. Nason will lead the monetary and macroeconomics section in the Bank's Research Department.

Nason joined the Bank's Research Department in November 2009 as a senior economic advisor and economist, after spending six years in the Research Department at the Federal Reserve Bank of Atlanta, where he most recently served as policy advisor. Before joining the Atlanta Fed, Nason was an associate professor of economics at the University of British Columbia, where he served on the faculty for 14 years. His previous central bank experience includes two years as an economist at the Board of Governors of the Federal Reserve System and terms as a visiting scholar at the Reserve Bank of New Zealand and the Swedish Central Bank.

James M. NasonJames M. Nason

"Jim brings strong research and policy advising experience to this position. I very much look forward to working with him in his new role in the Research Department," said Loretta J. Mester, senior vice president and director of research.

Nason received his Ph.D. in economics from the University of Wisconsin, Madison. He also holds a master of public policy and a bachelor's degree in economics from the University of Michigan, Ann Arbor.

Nason takes over as section head from Kei-Mu Yi, who will become senior vice president and director of research at the Federal Reserve Bank of Minneapolis in August 2010.

The Federal Reserve Bank of Philadelphia helps formulate and implement monetary policy, supervises banks and bank holding companies, and provides financial services to depository institutions and the federal government. It is one of the 12 regional Reserve Banks that, together with the Board of Governors in Washington, D.C., make up the Federal Reserve System. The Philadelphia Federal Reserve Bank serves eastern Pennsylvania, southern New Jersey, and Delaware.

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