Jeffrey R. Schmid

Jeffrey R. Schmid took office August 21, 2023, as president and chief executive officer of the Federal Reserve Bank of Kansas City.

Schmid has more than 40 years of experience in banking and banking supervision. Prior to joining the Kansas City Fed in August 2023, he served as the president and CEO of the Southwestern Graduate School of Banking Foundation at Southern Methodist University’s Cox School of Business, where he led the Foundation’s efforts to provide career development and education for banking professionals. Schmid began his career in 1981 as a field examiner in the Federal Deposit Insurance Corporation’s Kansas City office. From 1989 to 2007, he served as president of American National Bank in Omaha, Nebraska, growing the bank from $500 million to $1.5 billion in assets. In 2007 he was selected by Mutual of Omaha to lead the 100-year-old insurance provider’s entry into the banking sector. As chairman and CEO of Mutual of Omaha Bank, Schmid led the institution’s growth from $700 million to nearly $9 billion in assets with nearly 2,000 employees before it was sold to CIT Bank in 2019.

Schmid has a Bachelor of Science in business administration from the University of Nebraska-Lincoln and is a graduate of the Southwestern Graduate School of Banking. He serves on the boards of Operation HOPE in Atlanta, Georgia, and Avenue Scholars in Omaha, Nebraska, and is on the advisory board of the Cox School of Business at SMU.

He is a native of Nebraska.

Written by the Federal Reserve Bank of Kansas City and published Aug 21, 2023. See disclaimer and update policy.