Fed Nominee Stein Earned Fees From Bank of America, State Street

Harvard University professor Jeremy Stein earned $198,500 giving speeches and consulting for financial institutions prior to his nomination to the Federal Reserve’s Board of Governors.

Stein, a professor with expertise in banking and finance, received earned speaking fees of $35,000 from Deutsche Bank AG, $20,000 from State Street Corp. and $25,000 from Bank of America-Merrill Lynch in 2010 and 2011, according to his financial disclosure with the Office of Government Ethics. He also was paid $100,000 for a consulting report for the Clearing House Corporation, a group of the nation’s largest commercial banks.