Cain served as deputy chairman of the board of directors of the Federal Reserve Bank of Kansas Cityfrom 1992 to 1994, and as chairman from 1995 to 1996.[6] Before his business career, he worked as a mathematician in ballistics as a civilian employee of the United States Navy.[7][8]
At age 36, Cain was assigned in the 1980s to analyze and manage 400 Burger King stores in the Philadelphia area.
Cain became a member of the board of directors of the Federal Reserve Bank of Kansas City in 1992.[6] He served as deputy chairman from January 1, 1992 to December 31, 1994; and he served as its chairman from January 1, 1995 to August 19, 1996,[6] when he resigned to become active in national politics.[41] Prior to serving on the bank's board, he served as Chairman of the bank's Omaha Branch Board, from January 1, 1989 to December 31, 1991.[6]
