Board of Governors of the Federal Reserve System

The Federal Reserve Board on Thursday 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

"The depth of knowledge and range of professional experience that Matt brings to this position make him well qualified to lead the Board's work in important areas that are broad and diverse," said Federal Reserve Board Chair Janet L. Yellen.

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.

Eichner graduated from Harvard College, holds a Masters of Public Policy degree from the Kennedy School of Government at Harvard University, and a Ph.D. in economics from the Massachusetts Institute of Technology.

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