President February 1, 2003 to May 31, 2014
An Italian immigrant, Ms. Pianalto joined the Bank in 1983 as an economist in the Research Department. She held several leadership roles of increasing responsibility prior to being named first vice president and chief operating officer in 1993, and president in 2003. Before joining the Bank, Ms. Pianalto was an economist at the Federal Reserve Board of Governors and served on the staff of the Budget Committee of the U.S. House of Representatives. She served during an extraordinary period in our country’s economic history, seeing the Fourth District through the financial crisis and severe recession of 2008-09, and leading the Bank through its transformation from a heavily operational organization to a more knowledge-focused entity.