As I thought about the column for this issue, Eileen McGuire came to
mind. She was a long-term employee of the Federal Reserve who served
as executive secretary first to Hugh D. Galusha, and also to the succeeding
presidents Bruce K. MacLaury and Mark H. Willes. In the last few years
of her career with the Fed, she was asked to edit a new magazine which
she named The Region. A baseball fan, Eileen dubbed the
president's column in the magazine "Top of the Ninth," a
play on words for the Ninth District that stuck—as you can see.
Sadly, in early May Eileen died. I'm sure each of us remembers
Eileen in a slightly different way, although I suspect we would
all agree upon her love of language and her loyalty to the Fed.
Even better, with each Region we have a tangible remembrance
of Eileen and her contributions.
These thoughts led me to consider the significant contributions
people throughout our organization make every day. These contributions
are not always fully recognized and appreciated at the time, and
yet over time they define the Bank, just as Eileen's early work
on The Region established the course for the magazine
and helped to position the Bank in the district.
Indeed, our success as an institution has everything to do with
people like Eileen McGuire setting a new magazine on the proper
course, or completion of the myriad of other tasks that employees
set their hands to or lend their minds toward. The Fed is what its
people do, and that is true on every level of the organization.
Today in the bank are hundreds of people who routinely make important
contributions. We need to take this time to acknowledge and appreciate
their fine work.