September 26, 2016 5:31 PM ET

Banks

Company Overview of Board of Governors of the Federal Reserve System

Company Overview

The Federal Reserve System is based in the USA.

20th Street and Constitution Avenue, NW

Washington, DC 20551

United States

Founded in 1913

2,825 Employees

Phone:

202-452-2948

Fax:

202-452-6481

Key Executives for Board of Governors of the Federal Reserve System

Chief Financial Officer and Director of Financial Management Division
Chief Operating Officer
Chief Information Officer and Director of Information Technology
Executive Vice President
Chair of Faster Payments Task Force
Compensation as of Fiscal Year 2016.

Board of Governors of the Federal Reserve System Key Developments

Federal Reserve Board Announces Retirement of Nellie Liang as Director of the Division of Financial Stability

Nellie Liang, director of the Division of Financial Stability, will retire later this year after 30 years of service to the Federal Reserve Board, including six years as director. The Board will begin a search for her successor. Ms. Liang began her career at the Board in 1986 when she joined the Division of Research and Statistics as an economist. In 2010, she was appointed director of the newly-created Office of Financial Stability Policy and Research, which became the Division of Financial Stability in 2016. During her tenure as director, Ms. Liang led the division's efforts to systematically assess risks to financial stability and to develop policy responsesto mitigate those risks.

Federal Reserve Board Announces the Termination of Enforcement Action with Cornerstone Bank

The Federal Reserve Board announced the termination of the enforcement action on Cornerstone Bank, Overland Park, Kansas on August 22, 2016, the written agreement has taken on January 14, 2010.

The Federal Reserve Board Appoints Matthew J. Eichner as Director of its Division of Reserve Bank Operations and Payment Systems, Effective May 1, 2016

The Federal Reserve Board announced the appointment of Matthew J. Eichner as director of its Division of Reserve Bank Operations and Payment Systems, effective May 1, 2016. Eichner has served as deputy director of the division since January 2015 and succeeds Louise L. Roseman, who will serve as senior adviser until her retirement later this year. As division director, Mr. Eichner will be responsible for the division's oversight of: Federal Reserve Banks' operations; the development of regulations and policies governing payment, clearing, and settlement systems; the supervision of systemically important financial market infrastructures; carrying out the Board's responsibilities as issuance authority for U.S. currency; fostering improvements to the efficiency and integrity of the U.S. payments system more broadly; and the division's research program focused on a variety of payment, clearing, and settlement topics. Eichner joined the staff of the Federal Reserve Board's Division of Research and Statistics in 2008. He began his career at the U.S. State Department and also served at the U.S. Treasury Department and the Securities and Exchange Commission. He has taught economics and finance at Columbia University and Johns Hopkins University.

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