FEDERAL RESERVE BANK OF KANSAS CITY
RESTRUCTURING DENVER BRANCH

          The Federal Reserve Bank of Kansas City today announced a change in the structure of its Denver Branch with the addition of a regional economist who will serve as the lead Branch officer.
Michael Orlando, currently a senior economist at the Federal Reserve Bank of Kansas City, has been promoted to Branch Executive of the Denver office. Michael joined the Bank in 2000 and has conducted research on a number of topics related to the economy of the Tenth Federal Reserve District. He received a B.S. in petroleum and natural gas engineering from The Pennsylvania State University, and an M.B.A. from Tulane University. He earned M.A. and Ph.D. degrees in Economics from Washington University in St. Louis.

          “Michael has the credentials and experience in regional economics to contribute substantially to the Federal Reserve’s understanding of regional economic conditions in this new position,” said Thomas M. Hoenig, president of the Federal Reserve Bank of Kansas City. “He will conduct regional economic research; expand on our current relationships with banking, business and community leaders within the region; and work closely with the Branch directors, who have a critical role in our organization.”

          Michael will assume his new position January 3, 2006.

          In addition to economic research, the Denver Branch will continue to conduct bank supervision, community affairs and public affairs activities, and cash and check processing operations.
 

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