Jeffrey Schmid

Federal Reserve Bank of Kansas City President

Jeff Schmid

President of the Federal Reserve Bank of Kansas City
Incumbent
Assumed office August 21, 2023
Preceded by	Kelly Dubbert (Acting)

Personal details
Born	1958 or 1959 (age 64–65)
Education	University of Nebraska, Lincoln (BS) Southern Methodist University

Jeffrey R. Schmid (born 1958/1959)^[1] is the President of the Federal Reserve Bank of Kansas City. He assumed office on 21 August 2023, succeeding Esther L. George.^[2]

He previously served as president of the Southwestern Graduate School of Banking at Southern Methodist University, held unspecified positions within the FDIC,^[2] and served as the CEO of Mutual of Omaha Bank.^[3]

An excerpt from the Kansas City Fed's website highlights Schmid's career:

From 2007 to 2019, Schmid served as the chairman and CEO of Mutual of Omaha Bank, leading the formation of the institution, which grew to a workforce of nearly 2,000. After the bank was sold to CIT group in 2019, he became CEO of family owned Susser Bank in Dallas. He then joined the Southwestern Graduate School of Banking Foundation at SMU as its president and CEO in 2021.^[2]

References

^ "Who has to leave the Federal Reserve next?".
^ ^a ^b ^c "Jeffrey R. Schmid named tenth president and chief executive officer of the Federal Reserve Bank of Kansas City". www.kansascityfed.org. 2023-08-02. Retrieved 2023-08-24.
^ "Kansas City Fed names ex-bank executive as new president". Axios. Retrieved 3 August 2023.

Other offices
Preceded by Kelly Dubbert Acting	President of the Federal Reserve Bank of Kansas City 2023–present	Incumbent

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History
(Antecedents)

Formation (1908–1913)	Aldrich–Vreeland Act (1908) National Monetary Commission (1909–1912) Federal Reserve Act (1913)
Interwar period (1918–1939)	Pittman Act (1918) Edge Act (1919) Phelan Act (1920) Regulation D (c. 1930) Emergency Banking Act (1933) Regulation Q (1933) Glass–Steagall Act 1933; Federal Open Market Committee Gold Reserve Act (1934) Banking Act of 1935
Post–WWII expansion (1945–1973)	Bretton Woods system (1944–1971) Employment Act of 1946 U.S. Treasury Department Accord (1951) Bank Holding Company Act (1956) FOMC actions (1961–present) Truth in Lending Act (1968) Nixon shock (1971) Smithsonian Agreement (1971)
The Great Inflation (1973–1982)	Equal Credit Opportunity Act (1974) Home Mortgage Disclosure Act (1975) Community Reinvestment Act (1977) Federal Reserve Reform Act (1977) Electronic Fund Transfer Act (1978) Humphrey–Hawkins Full Employment Act (1978) International Banking Act (1978) DIDMC Act (1980) Federal Reserve v. Investment Co. Institute (1981)
Great Moderation/ Great Regression (1982–2007)	Northeast Bancorp v. Federal Reserve (1985) Greenspan put Expedited Funds Availability Act (1987) FIRRE Act (1989) FDIC Improvement Act (1991) Gramm–Leach–Bliley Act (1999)
Digital Revolution (2007–)	Subprime mortgage crisis responses (2007–2010) Emergency Economic Stabilization Act (2008) Unfair or Deceptive Acts or Practices (2008) Commercial Paper Funding Facility (2008–2010) Primary Dealer Credit Facility (2008–2010) Bloomberg v. Federal Reserve (2009) 2009 Supervisory Capital Assessment Program Term Asset-Backed Securities Loan Facility (2009–2010) Public–Private Investment Program for Legacy Assets (2009–) Dodd–Frank Act (2010) COVID-19 economic impact (2020) Commercial Paper Funding Facility (2020–2021)