The board of directors of the Federal Reserve Bank of Minneapolis has appointed Cher Ross assistant vice president of Treasury Services, effective Sept. 8, 2020. Ross will report to Vice President Debra Knilans.

In this role, Ross will be responsible for leading the three Treasury Services operations: the contact center, savings bond services, and the fulfillment center. Treasury Services at the Minneapolis Fed is unique within the Federal Reserve System and operates as the fiscal agent of the U.S. Treasury. It provides support for customers who purchase and redeem U.S. Treasury securities and savings bonds in paper and electronic form.

“Cher is an experienced mentor and collaborator, and she has a strong record of leading business transformation and strategy,” said Knilans.

Ross was most recently director of the administrative strategy and management enterprise portfolio office at Allianz. She holds an MBA from Cardinal Stritch University and a B.A. in organizational leadership from Bethel University.

The Federal Reserve Bank of Minneapolis is one of 12 regional Reserve Banks that, with the Board of Governors in Washington, D.C., make up the Federal Reserve System, the nation’s central bank. The Federal Reserve Bank of Minneapolis is responsible for the Ninth Federal Reserve District, which includes Montana, North and South Dakota, Minnesota, northwestern Wisconsin, and the Upper Peninsula of Michigan. The Federal Reserve Bank of Minneapolis participates in setting national monetary policy, supervises numerous banking organizations, and provides a variety of payments services to financial institutions and the U.S. government.