The board of directors of the Federal Reserve Bank of Minneapolis has appointed LuAnne Kinney Pederson as senior vice president and general counsel, effective June 1. Pederson will report to First Vice President Ron Feldman.
In this role, Pederson will oversee the Bank’s Legal Division and the Corporate Secretary's Office. Pederson is currently vice president in the Legal Division, assistant general counsel, and corporate secretary. As corporate secretary, she supports the Bank’s board of directors, ensuring proper corporate governance of the Bank. Pederson will assume the general counsel role from Niel Willardson, who is retiring.
“LuAnne has been a leader at the Bank and has demonstrated a strong commitment to our public service mission,” said Feldman. “She has been instrumental in ensuring the operational excellence of the Legal Division, championed a diverse and inclusive work environment, and facilitated improvements in how we do our work.”
Pederson joined the Bank as an attorney in 2001 and since then has served in roles of increasing responsibility in the Legal Division. She added responsibilities in the Corporate Secretary’s Office in 2014 and became corporate secretary in 2017. Prior to joining the Bank, she had a brief career in community banking and served as a judicial law clerk to the Honorable James A. Morrow. Pederson received her law degree from William Mitchell College of Law (now Mitchell Hamline School of Law) and her undergraduate degree from the College of Saint Benedict.
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.