skip to main navigation skip to secondary navigation skip to content
Board of Governors of the Federal Reserve System
skip to content

TheEconomists

Monetary Affairs 

The Division of Monetary Affairs is responsible for research and analysis to support the Board and the Federal Open Market Committee in the conduct of monetary policy, especially in the areas of finance, money and banking, and monetary policy design and implementation. The Division also provides expertise on open market operations, discount window policy, and reserve markets.

Monetary and Reserve Analysis

The Monetary and Reserve Analysis section is responsible for the construction and analysis of the monetary aggregates and undertakes current analysis and longer-term research on issues of money, banking, and financial intermediation. The section has ongoing operational responsibility to compile data to be published on the monetary and reserve aggregates and to provide internal forecasts of these series. Section staff is also responsible for oversight for reserve administration at the Reserve Banks. In recent years, the section's research work has focused on the changing nature of financial intermediation and the evolving patterns of monetary and credit flows. Studies have examined the policy implications of the consolidation of the banking system, the link between the stock market and money demand, and the indicator properties of alternative monetary aggregates and of real interest rates. Staff studies make ready use of the section's database containing information on the liabilities of thousands of banks and thrifts, as well as data collected by the Federal Reserve on depository assets and deposit pricing behavior.

  • Image of Board Seal

    Ayelen Banegas

    Economist

    Monetary and Reserve Analysis

    Monetary Affairs

  • Image of Board Seal

    Jeffrey J. Hallman

    Senior Economist

    Monetary and Reserve Analysis

    Monetary Affairs

  • Anna Lipinska

    Economist

    Monetary and Reserve Analysis

    Monetary Affairs

  • Image of Board Seal

    Laura Lipscomb

    Chief

    Monetary and Reserve Analysis

    Monetary Affairs

Skip stay connected section
Last update: August 25, 2014