Jan 15, 2009 -
Hanover, NH: Kathryn G. Underwood, President & CEO of Ledyard National Bank, was appointed to the Board of Directors at the Federal Reserve Bank of Boston (Boston Fed). Her three-year term begins in January 2009.
The Boston Fed is one of twelve regional Federal Reserve Banks. These banks, along with the Board of Governors in Washington, DC, constitute the Federal Reserve System. Regional Federal Reserve Banks play a significant role in developing regulatory, monetary and other policies for banks in their regions.
Ms. Underwood’s primary role on the Boston Fed’s nine member board will include acting as a liaison between New England’s regional banks and the central bank. Through her new position, she will help set the nation’s monetary policy by representing the concerns of the banks in all six New England states, and reporting on their economic health as well as the health of the overall regional economy.
Ms. Underwood joined Ledyard National Bank in 2005. Prior to that she was District President for Key Bank/Maine where she had been employed for over 25 years.