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Board of Governors of the Federal Reserve System
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TheEconomists

Reserve Bank Operations and Payment Systems 

The Division of Reserve Bank Operations and Payment Systems oversees the policies and operations of the Federal Reserve Banks as providers of financial services to depository institutions and as providers of fiscal agency services to the U.S. Treasury and other government agencies. In addition, as part of the Board's enhanced program for the supervision and oversight of payment systems, central securities depositories, securities settlement systems, central counterparties, and trade information warehouses, the division participates directly in the supervision of financial market infrastructures that are designated as systemically important by the U.S. Financial Stability Oversight Council as well as in more general oversight activities relating to domestic and foreign financial market infrastructures. The division also develops policies and regulations to foster the integrity and efficiency of the U.S. payment and financial system; works closely with other regulators, central banks, and international organizations to improve the payment and financial system more broadly; and conducts research on various topics related to payment and clearing issues and financial market infrastructures.

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Quantitative Risk Analysis

The Quantitative Risk Analysis section provides expertise on quantitative risk topics. The program is responsible for assessing quantitative risk methodologies developed by the financial sector, or the Reserve Banks, to measure and manage credit, liquidity, counterparty, and market risks, as well as value collateral. In particular, the program monitors and evaluates the quantitative risk management models and methodologies of systemically important financial market infrastructures. The section's staff analyzes risks, contributes to policies, and conducts research related to the clearing and settling of payments, securities, financial derivatives, and other financial instruments, and to systemic risk arising from these activities.

  • Dong Hwan Oh

    Economist

    Quantitative Risk Analysis

    Reserve Bank Operations and Payment Systems

  • Samim Ghamami

    Economist

    Quantitative Risk Analysis

    Reserve Bank Operations and Payment Systems

  • Travis D. Nesmith

    Chief

    Quantitative Risk Analysis

    Reserve Bank Operations and Payment Systems

  • Image of Board Seal

    Edward L. Anderson

    Financial Services Project Leader

    Quantitative Risk Analysis

    Reserve Bank Operations and Payment Systems

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Last update: July 21, 2014