CHICAGO - (September 25, 2020) The Federal Reserve Bank of Chicago has named Rick Mattoon Vice President and Detroit Branch Regional Executive effective July 16.

As Detroit Branch Regional Executive, Mattoon will be tasked with enhancing the Chicago Fed’s regional economic analysis and community outreach activity in Detroit and bolstering senior branch leadership. This position recognizes the crucial role of Federal Reserve branches in sharing regional perspectives on economic developments and also provides an opportunity for increased branch engagement throughout Michigan and the Detroit area.

Mattoon will work to promote engagement within the Detroit branch and represent branch needs to district leadership. As the Federal Reserve’s senior representative for the Detroit and Michigan communities, Mattoon will also work directly with the branch's board of directors and lead regional economic outreach and efforts to gather and share local economic intelligence with district management. In partnership with the Community Development and Policy Studies Division, he will work to integrate and enhance regional community development and economic outreach efforts.

Mattoon has been a member of the Bank’s Research, Policy and Public Engagement Department for more than 25 years, serving as an expert on state and local public finance and urban economic development. He previously worked as a policy adviser to the Governor of Washington and has taught for 14 years at Northwestern‘s Kellogg School of Management.