Head office at Minneapolis, Minnesota.
Branch Bank at Helena, Montana.
Covers the states of Minnesota, Montana, North Dakota and South Dakota; the Upper Peninsula of Michigan; and 26 counties in northern Wisconsin.

Dr. Stern took office March 16, 1985, as the eleventh chief executive of the Ninth Federal Reserve Bank, at Minneapolis. Dr. Stern is currently serving a full term that began March 1, 1996.

Dr. Stern was born November 3, 1944, in San Luis Obispo, California. Dr. Stern holds an A.B. in economics from Washington University, St. Louis, and a Ph.D. in economics from Rice University, Houston.

Dr. Stern joined the Federal Reserve Bank of Minneapolis in January 1982 as senior vice president and director of research. In August 1983, he was given the additional responsibility of serving as the Bank's chief financial officer. Before joining the Minneapolis Bank, Dr. Stern was a partner in a New York-based economic consulting firm. He has also served on the faculties of Columbia University, Washington University, and New York University. Dr. Stern's prior experience includes seven years at the Federal Reserve Bank of New York, where his last assignment was as manager of the domestic research department.