KANSAS CITY, MISSOURI – The Federal Reserve Bank of Kansas City today announced First Vice President and Chief Operating Officer Kelly Dubbert intends to retire, effective Feb. 29, 2024. Dubbert’s retirement will follow a 38-year career of service to the Bank, including 12 years as first vice president.

“Kelly’s leadership during a time of significant change for the Federal Reserve and the financial services industry has been instrumental in establishing the Kansas City Fed’s reputation for operational excellence,” Bank President Jeff Schmid said. “He has embodied the spirit of a committed partner across the Federal Reserve System. I am grateful for the guidance and advice he has provided me so far, and I am looking forward to continuing to learn more from him over the next few months. Kelly will be greatly missed.”

Dubbert, who was appointed first vice president and COO in 2012, has been responsible for the Kansas City Fed’s day-to-day operations and critical functions, including direct oversight of information technology and customer support; the Bank’s services as fiscal agent for the U.S. Department of Treasury; financial and payments services provided to depository institutions, and administrative services such as human resources, facilities, law enforcement and financial management.

Dubbert also assumed the duties of Bank president following the retirement of Esther George in January 2023 until Schmid’s appointment in August 2023, and he participated in meetings of the Federal Open Market Committee during that time.

Dubbert, a native of Cawker City, Kan., and a graduate of Kansas State University, joined the Bank in 1986 as an analyst after completing a Bank internship the previous summer. From 1996 to 2001, he served as Branch manager of the Oklahoma City Branch Office and in 2003 joined the Bank’s Management Committee as the head of the District’s Cash, Treasury and Branch Operation Division. He was named the Bank’s chief information officer in 2006. He is also a graduate of the Graduate School of Banking at the University of Wisconsin and the Advanced Management Program at the Harvard University School of Business.

As the regional headquarters of the nation’s central bank, the Kansas City Fed and its branch offices in Denver, Oklahoma City and Omaha serve the seven states of the Tenth District: Colorado, Kansas, Nebraska, Oklahoma, Wyoming, northern New Mexico and western Missouri.