The Federal Reserve Bank of Atlanta announced on January 9 the retirement of First Vice President and Chief Operating Officer André T. Anderson after more than 40 years of service to the Bank.
The first vice president oversees day-to-day operations of the Atlanta Fed and serves as vice chair of the Sixth Federal Reserve District's Executive Leadership Committee. The first vice president is a member of the Discount Committee, which reviews District discount window lending and is backup to the Atlanta Fed president in the execution of their monetary policy responsibilities.
Pursuant to section 4 of the Federal Reserve Act, the Atlanta Fed's Class B and C directors (the nonbanker directors) appointed the first vice president, subject to the approval of the Federal Reserve Board of Governors, to the remainder of the current term, which expires at the end of February 2026.
A nationwide search was being conducted with support from the executive search firm Bridge Partners to identify a broad pool of highly qualified candidates with diverse experiences and backgrounds.
Cheryl Venable was appointed first vice president and chief operating officer, effective August 1, 2024.