June 20, 2018 1:55 PM ET

Diversified Financial Services

Company Overview of Federal Reserve Bank of Richmond

Company Overview

Federal Reserve Bank of Richmond operates as a central bank that sets monetary policy, supervises and regulates member financial institutions, and provides various financial services in District of Columbia, Maryland, Virginia, North Carolina, South Carolina, and West Virginia. The company contributes to the formulation of the national monetary policy; gathers and analyzes regional economic data; processes currency, check, and electronic payments for banks; and provides financial services to the U.S. Treasury. It supervises and regulates bank holding companies, financial holding companies, and state member banks; handles requests from bank holding companies, state member banks, foreign organ...

701 East Byrd Street

Richmond, VA 23219

United States

Founded in 1914





Key Executives for Federal Reserve Bank of Richmond

President & CEO
First VP & COO
Senior VP & CTO
Senior Vice President and Special Advisor to the President
Compensation as of Fiscal Year 2017.

Federal Reserve Bank of Richmond Key Developments

-Richmond FedAppointsBecky C. Bareford asFirstVice President and Chief Operating Officer

ENP Newswire May 14, 2018 -Richmond Fed Appoints Becky C. Bareford as First Vice President and Chief Operating Officer LENGTH:Â 641 words The Federal Reserve Bank of Richmond announced that Becky C. Bareford will become the organization's first vice president and chief operating officer effective June 1, 2018.

Richmond Fed Announces Executive Changes

The Federal Reserve's Richmond regional bank announced that Thomas Barkin, a senior executive at McKinsey & Co., will be the bank's next president. He will succeed Jeffrey Lacker, who resigned as the bank's president in April after revealing his involvement in a leak of confidential information in 2012 that had triggered congressional and FBI investigations. Barkin, 56, who will take over at the Richmond bank on Jan. 1, will be a voting member next year of the Federal Open Market Committee, the panel of Fed board members and regional bank presidents, who set interest-rate policies for the central bank. Barkins' appointment was announced by Margaret Lewis, who headed the bank's search committee. The selection was made by eligible directors of the Richmond bank's board of directors and was approved by members of the Fed board in Washington. Currently a senior partner and the chief risk officer at McKinsey & Co., Barkin had served from 2009 to 2014 on the board of directors of the Federal Reserve Bank of Atlanta. He was chairman of the Atlanta Fed's board from 2013 to 2014. Lacker announced his resignation from the Richmond Fed in April after acknowledging improper discussions with a financial analyst that later became the subject of a lengthy investigation into leaks at the Fed.

Federal Reserve Bank of Richmond Promotes Chris Tunstall to Assistant Vice President in the Human Resources Department

The Federal Reserve Bank of Richmond announced the appointment effective September 1, 2017. Chris Tunstall has been promoted to assistant vice president in the Human Resources department with responsibility for talent acquisition, talent and organizational development and the Office of Diversity & Inclusion. Tunstall joined the Richmond Fed in 2014. Previously, he worked at SAS Institute and Lowe's Companies, both in North Carolina.

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