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February 07, 2016 10:27 PM ET

Banks

Company Overview of The Federal Reserve Bank of New York

Company Overview

The Federal Reserve Bank of New York, a regional reserve bank, is engaged in setting monetary policy and promoting financial stability in New York. The company engages in formulating and executing monetary policy; supervising and regulating depository institutions; the provision of elastic currencies; assisting the federal government's financing operations; and serving as the banker for the U.S. government. It also engages in conducting open market operations; intervening in foreign exchange markets; and storing monetary gold for foreign central banks, governments, and international agencies. In addition, the company provides various services to foreign central banks that include the receipt...

33 Liberty Street

New York, NY 10045

United States

Founded in 1914

Phone:

212-720-6130

Fax:

212-720-7459

Key Executives for The Federal Reserve Bank of New York

Chief Executive Officer and President
Principal Financial Officer, Executive Vice President and Head of the Corporate Group
Chief Operating Officer and First Vice President
Age: 50
Chief Information Officer, Executive Vice President and Head of The Technology Services Group
Chief Compliance Officer and Senior Vice President
Compensation as of Fiscal Year 2015.

The Federal Reserve Bank of New York Key Developments

The Federal Reserve Bank of New York Appoints Executives

The Federal Reserve Bank of New York announced that its board of directors has approved the promotion of 12 assistant vice presidents to vice president and five vice presidents to senior vice president. The following people have been promoted to senior vice president: Denise Schmedes has been promoted to senior vice president in the complex financial institution function of the Financial Institution Supervision Group. Ms. Schmedes joined the Bank in October 1994 as a reports analyst and was promoted to various positions within the credit and risk management function. She joined the Bank Supervision Group in February 2001, where she was appointed an officer of the Bank. She then joined the operational risk department in July 2005. James Bergin has been promoted to senior vice president in the Legal Group. He also currently serves as special advisor to the executive vice president of Legal. Mr. Bergin joined the Bank in January 2005 as a senior attorney in the Legal Department. Prior to joining the Bank, he worked for White and Case LLP as an associate. Angela OConnor has been promoted to senior vice president in the market operations, monitoring and analysis function of the Markets Group, where she serves as the managing director for the Chicago based operations office. Ms. OConnor joined the Bank in August 1998 as an economic analyst in the banking trends department. Linda Goldberg has been promoted to senior vice president in the Integrated Policy Analysis Group. Ms. Goldbergs main areas of expertise are in global banking, international capital flows, international macroeconomics and the international roles of currencies. She currently serves as head of the global economic analysis department in the Integrated Policy Analysis Group. Antoine Martin has been promoted to senior vice president in the money and payments studies function of the Research and Statistics Group. Mr. Martin worked for four years at the Federal Reserve Bank of Kansas City as an economist, in the research department. The following people have been promoted to vice president: Sarah Bell has been promoted to vice president in the Executive Office, where she serves as the chief of staff to the Bank President. Ms. Bell joined the Bank in 2003 as an examiner in the Bank Supervision Group and later worked on several crisis-related projects, including the setup of the Maiden Lane LLC and management of the Commercial Paper Funding Facility. Sandra Lee has been promoted to vice president in the policy and financial services strategy function of the Executive Office. Ms. Lee joined the Bank in March 2008 as a senior attorney in the Bank Supervision and Markets function in the Legal department. Prior to joining the Bank, she was a corporate attorney at Simpson Thacher and Bartlett LLP and Patterson Belknap Webb and Tyler LLP. Dina Maher has been promoted to vice president in the enterprise risk supervision function of the Financial Institution Supervision Group. Ms. Maher joined the Bank in December 2010 as an examining officer and assigned to supervisory and regulatory policy, financial sector policy and analysis function. Ms. Maher was previously employed as a senior director and head of accounting research and policy at Fitch Ratings Inc. Brian OHalloran has been promoted to vice president in the enterprise risk supervision function of the Financial Institution Supervision Group. Mr. OHalloran joined the Bank in June 2002 as an analyst in the financial sector policy and analysis function. Eileen Goodman has been promoted to vice president in the cash and custody function of the Financial Services Group, where she manages global currency services and the gold vault. Ms. Goodman joined the Bank in August 1986 as an analyst in the check function. She held a variety of positions of increasing responsibility in the check business until transferring to the cash administration department as staff director in September of 2005. Michael Holscher has been promoted to vice president in the core analysis function of the Integrated Policy Analysis Group. Mr. Holscher joined the Bank in August 2004 as a bank examiner and was later reassigned to the financial sector policy and analysis function. He transferred to the markets function in April 2006, where he held a variety of market analysis and management positions. Shawn Phillips has been promoted to vice president in the Legal Group. Ms. Phillips joined the Bank in February 2007 as an attorney in the Legal department assigned to corporate affairs. Prior to joining the Bank, she worked as an agency attorney for the New York City Fire Department and as an associate at two New York City law firms. Kathryn Chen has been promoted to vice president in the market operations, monitoring and analysis function of the Markets Group, where she serves as director of the cross-portfolio policy and analysis directorate. Ms. Chen joined the Bank in August 1999 as a trader/analyst in the markets department. Michelle Ezer has been promoted to vice president in the Markets Group where she serves as director of mortgage markets. Ms. Ezer joined the Bank in June 2005 as a trader/analyst in the cross market monitoring program. Since then, she has held a number of positions on the open market trading desk of the New York Fed. Kevin Krueger has been promoted to vice president in the Markets Group. Mr. Krueger joined the Bank in November 2006 as a senior auditor through the leadership exchange program at the Federal Reserve Bank of Atlanta. He was appointed an audit officer in July 2010. Matthew Raskin has been promoted to vice president in the market operations, monitoring and analysis function of the Markets Group. Mr. Raskin joined the Bank in September 2007 and has held a variety of analytical and managerial positions since, including a one year rotation in the division of monetary affairs at the Board of Governors. Currently, Mr. Raskin serves as director of cross-market monitoring and analysis directorate in the Markets Group. Joseph Leonard has been promoted to vice president in the technology, engineering and computing services function in the Technology Services Group. Mr. Leonard joined the Bank in February 2006 as a senior analyst in the National Incident Response Team, and was named officer in January 2012 in the Technology Servi ces Group. He was promoted to assistant vice president in July 2013. He currently serves as the managing officer of the Federal Reserves National Incident Response Team.

The Federal Reserve Bank of New York Announces Executive Changes

The Federal Reserve Bank of New York has named Emily Rafferty as new chairperson of the board of directors for 2016. Ms. Rafferty, President Emerita of the Metropolitan Museum of Art, has served as a Class C director since January, 2011 and as chair since January, 2013. The Board of Governors of the Federal Reserve System also re-designated Sara Horowitz deputy chair. Ms. Horowitz is founder and executive director of Freelancers Insurance Company. She joined the New York Fed's Board as a Class C director in January, 2013 and has served as deputy chair since January, 2014.

Federal Reserve Bank of New York Appoints Lee Alexander as Executive Vice President, Head of the Technology Services Group and Chief Information Officer

Federal Reserve Bank of New York has named Lee Alexander as executive vice president, head of the Technology Services Group (TSG), and chief information officer effective immediately. He also will serve on the Bank's Management Committee. The appointment was made by the Bank's Board of Directors. Mr. Alexander, senior vice president for Application Development, has been acting head of TSG since late August. As head of TSG, he will continue to be a leader within the Bank and across the Federal Reserve System in linking the evolution of the national and local information technology strategies to meet the needs of the New York Fed. Mr. Alexander joined the Bank in 2012 to lead the application development work within TSG. He has more than 25 years of international management and development experience with premier firms in the technology and financial services industry including Oracle and AXA Equitable.

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