Susan Bies

Susan Bies

Susan Schmidt Bies (born May 5, 1947 in Buffalo, New York) was a member of the Board of Governors of the Federal Reserve System.

Education and family

Bies received a B.S. in education from the Buffalo State College in 1967 and an M.A. (1968) and a Ph.D. (1972), both in economics, from Northwestern University. As of 2007, Bies is married and has two adult sons.

Professional career

Before becoming a member of the Board, Dr. Bies was Executive Vice President for Risk Management and Auditor at First Tennessee National Corporation in Memphis, Tennessee (1995-2001). From 1979 to 1995, she served in various other positions at First Tennessee, including Executive Vice President and Chief Financial Officer, Senior Vice President and Chief Financial Officer, Senior Vice President and Treasurer, Vice President for Corporate Development, Tactical Planning Manager, and Economist.

Before joining First Tennessee, Bies was Associate Professor of Economics, Rhodes College, Memphis, Tennessee (1977-79); Assistant Professor of Economics, Wayne State University, Detroit, Michigan (1972-77); and Chief Regional and Banking Structure Economist at the Federal Reserve Bank of St. Louis (1970-72).

Bies has served as a Fellow at the Federal Reserve Bank of Chicago (1969-70) and as a Fellow at the Northwestern University Center for Urban Affairs (1968-69).

Bies has been active in leadership positions for various organizations, including the Emerging Issues Task Force of the Financial Accounting Standards Board, the Committee on Corporate Reporting of the Financial Executives Institute, the End Users of Derivatives Association, the American Bankers Association, and the Bank Administration Institute. She has also served with numerous other business, professional, academic, civic, and charitable organizations including the American Economic Association, Institute of Management Accountants, International Women's Forum, Economic Association of Memphis, University of Memphis, Memphis Area Chamber of Commerce, Memphis Youth Initiative, and Memphis Partners.

Federal Reserve

Bies took office on December 7, 2001 as a full term member of the Board of Governors of the Federal Reserve System ending January 31, 2012. She submitted her resignation from the Board on February 9, 2007, and left the Fed effective March 30, 2007. A Federal Reserve Press Notice stated she planned to spend more time with her family.

External links

* [http://www.federalreserve.gov/bios/bies.htm Federal Reserve Biography]


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