Mayo, Robert P., 1916-2003

Robert Mayo was the sixth president of the Federal Reserve Bank of Chicago, serving from July 29, 1970, to July 1, 1981. During Mayo's tenure as president, the Interdistrict Transportation System was established in 1972, which was an air transport system that provided overnight delivery of checks between Federal Reserve offices. In addition, regional check processing centers were opened in Des Moines, Iowa, in 1972, and later in Indianapolis, Indiana, in 1973, and in Milwaukee, Wisconsin, in 1975. (Source: Federal Reserve History)