Roseann Stichnoth is executive vice president and head of Special Investments Management Group at the Federal Reserve Bank of New York. Ms. Stichnoth is also a member of the Bank's Management Committee.

The Special Investments Management Group is responsible for managing certain special lending facilities created during the financial crisis. The Group's primary objective is full repayment of the Bank's outstanding loans and is comprised of two business lines: the Investment Support Office, which manages the Maiden Lane facilities, and the Term Asset-backed Securities Loan Facility (TALF), as well as support functions.

Prior to her promotion, Ms. Stichnoth was a senior vice president and had led the TALF team in the Markets Group since March 2009. She previously had been in charge of the Cash and Custody function of the Financial Services Group since May 2004.

Ms. Stichnoth joined the New York Fed in 1977 and spent five years as a bank examiner. She then left the Bank to accept a position with Marine Midland Bank, N.A. (now part of HSBC), where she held various management positions related to domestic and international credit.

After 10 years in the private sector, she rejoined the New York Fed as a senior bank examiner in the international banking department. Since then, Ms. Stichnoth has held various management positions in bank supervision, human resources, financial management and operations.

Ms. Stichnoth holds bachelor's degree in business administration from the University of Massachusetts at Amherst and an MBA from the New York Institute of Technology.

January 2012