October 01, 2014 5:07 PM ET


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





Key Executives for The Federal Reserve Bank of New York

Chief Executive Officer and President
Principal Financial Officer
Age: 49
Chief Operating Officer and First Vice President
Chief Information Officer and Executive Vice President
Age: 52
Chief Compliance Officer and Senior Vice President
Compensation as of Fiscal Year 2014.

The Federal Reserve Bank of New York Key Developments

The Federal Reserve Bank of New York Announces Management Appointments

The Federal Reserve Bank of New York announced that its board of directors has approved the promotion of 22 officers to assistant vice president and named 29 new officers at the Bank. The following people have been promoted to assistant vice president: Nora Fitzpatrick of Jersey City, NJ; Andrew Giannelli of Bedford, NY; and Claire Mills of Rye, NY, Communications and Outreach Group. George Pereira of Cranford, NJ; Financial Institution Supervision Group; Colleen Burke of Norwalk, CT; Ari Cohen of East Rockaway, NY; Mary Craig of New York, NY; Judith Gruttman of New York, NY; Christopher Hunter of Parlin, NJ; Kristin Malcarney of New York, NY; Lucette Pecoraro of East Williston, NY; and Afshin Taber of New York, NY, Corporate Group. Katherine Landy of Pelham, NY; Meghan McCurdy of New York, NY; and David Sewell of Larchmont, NY, Legal Group. Max Hrabrov of Brooklyn, NY; Gerald McCrink of Wantagh, NY; Matthew Nemeth of Brooklyn, NY; Peter Roethel of Glen Allen, VA; and Scott Sherman of Naperville, IL, Markets Group. Marc Giannoni of New York, NY, Research and Statistics Group. Patrick Coyne of Lloyd Harbor, NY, Risk Group. The following people have been promoted to officer: Christine Sommo of Staten Island, NY, Communications and Outreach Group. Ellen Orman of Brooklyn, NY, Corporate Group. Joanna Wisniecka of Brooklyn, NY, Executive Office. Albert Alvarado of Edison, NJ; Randolph Brown of Maplewood, NJ; Erica Lee of New York, NY; Hugh Morgan of Rye, NY; Debashish Sarkar of East Brunswick, NJ; Timothy Sheridan of Rahway, NJ; and Wai Wong of Rye, NY, Financial Institution Supervision Group. Jessie Cheng of New York, NY; Kathleen Ellis of Commack, NY; Sarah Jackson of New York, NY; and Erik Walsh of Westport, CT, Legal Group. Dianne Buonincontri of Brooklyn, NY; Mark Cabana of New York, NY; Angela DeSouza of Hoboken, NJ; Jamie Pfeifer of Montclair, NJ; and Kristina Ryan of Secaucus, NJ, Markets Group. Jaison Abel of Orchard Park, NY; Adam Copeland of Brooklyn, NY; Stephen Panek of Bayonne, NJ; and James Vickery of Brooklyn, NY, Research and Statistics Group. Shari Bower of Brooklyn, NY; Michael Mascarenhas of Livingston, NJp; David Stein of Jersey City, NJ, Risk Group. Amy Man of Brooklyn, NY; Roman Revzin of Bellmore, NY; and Henry Wang of Brooklyn, NY, Technology Services Group.

U.S. District Judge Dismisses Former Bank Examiner's Suit Against Federal Reserve Bank of New York

U.S. District Judge Ronnie Abrams dismissed a suit brought against the Federal Reserve Bank of New York by a former bank examiner claiming wrongful termination. Carmen Segarra filed the lawsuit in October 2013 alleging that the federal bank terminated her because she refused to change her findings on Goldman Sachs Group Inc. regarding its conflict of interest policy. The judge ruled that Segarra failed to prove the allegations and rejected her motion to file a second amended complaint. The New York Fed in November 2013 moved for the dismissal of the suit.

Terrence J. Checki Plans to Retire from The Federal Reserve Bank of New York as Executive Vice President and Head of the Emerging Markets and International Affairs Group

The Federal Reserve Bank of New York announced that Mr. Terrence J. Checki is stepping down from his post as one of the senior-most officials at the New York Fed, sitting on its Management Committee and playing a key role in the Federal Reserve's efforts to keep markets and financial institutions functioning during the 2008 financial crisis. Prior to announcing his intention to retire from the Bank during the first quarter of 2014, he served as executive vice president and head of the Emerging Markets and International Affairs Group (EMIA). During his tenure, he held positions in corporate, financial supervision and international affairs areas as well as in the Office of the President.

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