Banking and Financial Institutions

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The Federal Reserve Board employs more than 500 researchers, including more than 400 Ph.D. economists, who represent an exceptionally diverse range of interests and specific areas of expertise. Board researchers conduct cutting edge research, produce numerous working papers and notes, and are among the leading contributors at professional meetings and in major journals. Our researchers also produce a wide variety of economic analyses and forecasts for the Board of Governors and the Federal Open Market Committee.

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Field of Interest:

Finance International Economics Macroeconomics Mathematical and Quantitative Methods Microeconomics

Division:

Consumer and Community Affairs Division of Board Members Financial Stability International Finance Monetary Affairs Research and Statistics Reserve Bank Operations and Payment Systems Supervision and Regulation

Finance

Field:

Asset Pricing Banking and Financial Institutions Consumer Finance Corporate Finance Financial Markets Market Microstructure Portfolio Choice Real Estate Risk Management

Banking and Financial Institutions

Job Role:

Robert M. Adams Principal Economist Consumer Finance
Research and Statistics

Elena Afanasyeva Principal Economist Financial and Macroeconomic Stability Studies
Financial Stability

Jeffrey S. Allen Lead Fin Inst Policy Analyst Digital Innovations Studies
Reserve Bank Operations and Payment Systems

John Ammer Senior Economic Project Manager Program Direction
International Finance

Sriya L. Anbil Group Manager Money Market Analysis
Monetary Affairs

Alyssa G. Anderson Principal Economist Money Market Analysis
Monetary Affairs

Christopher S. Anderson Principal Economist Trading and Capital Markets
Supervision and Regulation

David M. Arseneau Assistant Director Program Direction
Financial Stability

Anton I. Badev Senior Economist Stress Testing
Supervision and Regulation

Daniel J. Barth Principal Economist Financial Stability Assessment
Financial Stability

William F. Bassett Senior Associate Director Program Direction
Financial Stability

Jose M. Berrospide Assistant Director Program Direction
Financial Stability

Mehdi Beyhaghi Principal Economist Policy Effectiveness and Assessment
Supervision and Regulation

Vitaly M. Bord Senior Economist Consumer Finance
Research and Statistics

Erik Bostrom Senior Fin Inst Policy Analyst I Money Market Analysis
Monetary Affairs

Cecilia R. Caglio Chief Financial Structure
Research and Statistics

James A. Caldera Economist Policy Effectiveness and Assessment
Supervision and Regulation

Francesca Carapella Principal Economist Payment System Studies
Reserve Bank Operations and Payment Systems

Mark A. Carlson Adviser Program Direction
Monetary Affairs

Jin-Wook B. Chang Senior Economist Financial Stability Assessment
Financial Stability

Andrew M. Cohen Assistant Director Program Direction
Financial Stability

Ricardo Correa Senior Adviser Program Direction
International Finance

Daniel M. Covitz Deputy Director Program Direction
Research and Statistics

Erfan Danesh Senior Economist Risk Analysis
Research and Statistics

Matt Darst Principal Economist Macroprudential Policy Analysis
Financial Stability

Michele H. Dathan Senior Economist Global Financial Markets
International Finance

Margaret DeBoer Deputy Associate Director Program Direction
Monetary Affairs

Ahmet Degerli Senior Economist Financial Intermediaries Analysis
Monetary Affairs

Laurie Pounder DeMarco Economic Project Manager Global Financial Institutions
International Finance

Daniel A. Dias Principal Economist Financial Institution Risk Evaluation
Financial Stability

Jennifer L. Dlugosz Principal Economist Financial Structure
Research and Statistics

John C. Driscoll Principal Economist Consumer Finance
Research and Statistics

Chuan Du Economist Payment System Studies
Reserve Bank Operations and Payment Systems

Fang Du Adviser Program Direction
Supervision and Regulation

Ricardo Filipe Duque Gabriel Economist Policy Effectiveness and Assessment
Supervision and Regulation

Burcu Duygan-Bump Associate Director Program Direction
Research and Statistics

Rochelle M. Edge Deputy Director Program Direction
Monetary Affairs

Antonio Falato Senior Economist Macroprudential Policy Analysis
Financial Stability

Giovanni Favara Deputy Associate Director Program Direction
Monetary Affairs

Francesco Ferrante Principal Economist Trade and Financial Studies
International Finance

Nathan Foley-Fisher Principal Economist Systemic Financial Institutions and Markets
Research and Statistics

Geoffrey R. Gerdes Principal Economist Payment System Studies
Reserve Bank Operations and Payment Systems

Stefan Gissler Principal Economist Systemic Financial Institutions and Markets
Research and Statistics

David P. Glancy Principal Economist Banking and Financial Analysis
Monetary Affairs

Luca Guerrieri Senior Associate Director Program Direction
International Finance

Sinem Hacioglu Hoke Senior Economist Industrial Output
Research and Statistics

Hajime H. Hadeishi Principal Economist Fair Lending Enforcement
Consumer and Community Affairs

Diana Hancock Senior Associate Director Program Direction
Research and Statistics

Sharjil M. Haque Economist Stress Testing
Supervision and Regulation

Nathan W. Heinrich Senior Financial Analyst Systemic Financial Institutions and Markets
Research and Statistics

Erik A. Heitfield Deputy Associate Director Program Direction
Research and Statistics

Sam Hempel Senior Economist Short-Term Funding Markets
Research and Statistics

Akos Horvath Principal Economist Policy Effectiveness and Assessment
Supervision and Regulation

Cooper Howes Senior Economist Household and Business Spending
Research and Statistics

Xin Huang Principal Economist Risk Analysis
Research and Statistics

Hulusi Inanoglu Principal Economist Trading and Capital Markets
Supervision and Regulation

Sebastian Infante Chief Money Market Analysis
Monetary Affairs

Felicia F. Ionescu Chief Banking and Financial Analysis
Monetary Affairs

Anil K. Jain Principal Economist Global Financial Institutions
International Finance

Dalida Kadyrzhanova Principal Economist Capital Markets
Research and Statistics

R. Jay Kahn Senior Economist Short-Term Funding Markets
Research and Statistics

John Kandrac Group Manager Financial Structure
Research and Statistics

Gazi I. Kara Chief Financial Stability Assessment
Financial Stability

Benjamin S. Kay Principal Economist Policy Effectiveness and Assessment
Supervision and Regulation

Kyungmin Kim Principal Economist Money Market Analysis
Monetary Affairs

You Suk Kim Principal Economist Real Estate Finance
Research and Statistics

Elizabeth K. Kiser Senior Associate Director Program Direction
Research and Statistics

Elizabeth C. Klee Senior Associate Director Program Direction
Financial Stability

Anya V. Kleymenova Manager Stress Testing
Supervision and Regulation

Benjamin Knox Senior Economist Global Financial Markets
International Finance

John R. Krainer Manager Stress Testing
Supervision and Regulation

Robert J. Kurtzman Group Manager Industrial Output
Research and Statistics

Seung Kwak Senior Economist Financial Intermediaries Analysis
Monetary Affairs

Jeongmin "Mina" Lee Senior Economist Systemic Financial Institutions and Markets
Research and Statistics

Seung Jung Lee Deputy Associate Director Program Direction
Financial Stability

Andreas Lehnert Director Program Direction
Financial Stability

Dan Li Assistant Director Program Direction
Monetary Affairs

Yi Li Principal Economist Short-Term Funding Markets
Research and Statistics

Laura Lipscomb Deputy Associate Director Program Direction
Monetary Affairs

Edith X. Liu Chief Monetary and Financial Market Analysis
Monetary Affairs

Emily O. Liu Senior Financial Analyst Global Financial Flows
International Finance

May X. Liu Senior Statistician Payment System Studies
Reserve Bank Operations and Payment Systems

Traci L. Mach Principal Economist Flow of Funds
Research and Statistics

Francis A. Martinez Lead Fin Inst Policy Analyst Monetary Policy Operations and Analysis
Monetary Affairs

Patrick E. McCabe Deputy Associate Director Program Direction
Research and Statistics

Marco Migueis Principal Economist Banking, Credit and Operational Risk
Supervision and Regulation

David C. Mills Senior Associate Director Program Direction
Reserve Bank Operations and Payment Systems

Juan M. Morelli Senior Economist Banking and Financial Analysis
Monetary Affairs

Thien T. Nguyen Senior Economist Financial and Macroeconomic Stability Studies
Financial Stability

Joseph B. Nichols Principal Economist Household and Business Spending
Research and Statistics

Friederike Niepmann Chief Global Financial Institutions
International Finance

Teodora Paligorova Principal Economist Financial Institution Risk Evaluation
Financial Stability

Lubomir Petrasek Chief Financial Intermediaries Analysis
Monetary Affairs

Michael V. Pykhtin Manager Trading and Capital Markets
Supervision and Regulation

Carlos A. Ramírez Principal Economist Systemic Financial Institutions and Markets
Research and Statistics

Ben Ranish Principal Economist Banking, Credit and Operational Risk
Supervision and Regulation

Marcelo Rezende Principal Economist Financial Structure
Research and Statistics

Bryan J. Ricketts Fin Inst Policy Analyst III Supervision - Large Institution Supervisory Coordinating Committee
Supervision and Regulation

Chase P. Ross Senior Economist Macroprudential Policy Analysis
Financial Stability

Sharon Y. Ross Senior Economist Global Financial Markets
International Finance

Doriana Ruffino Assistant Director Stress Testing
Supervision and Regulation

Monica Valentina Sanz Advisor Program Direction
International Finance

Robert F. Sarama Deputy Associate Director Stress Testing
Supervision and Regulation

Zack Saravay Senior Fin Inst Policy Analyst I Financial Intermediaries Analysis
Monetary Affairs

Tim Schmidt-Eisenlohr Principal Economist Financial Institution Risk Evaluation
Financial Stability

Matthew P. Seay Lead Financial Analyst Financial Institution Risk Evaluation
Financial Stability

Young Hwa Seok Economist Stress Testing
Supervision and Regulation

Chaehee Shin Principal Economist Financial Stability Assessment
Financial Stability

André F. Silva Principal Economist Banking and Financial Analysis
Monetary Affairs

Paul A. Smith Deputy Associate Director Program Direction
Research and Statistics

Michael Smolyansky Principal Economist Capital Markets
Research and Statistics

Viktors Stebunovs Deputy Associate Director Program Direction
International Finance

Gustavo A. Suarez Deputy Associate Director Program Direction
Research and Statistics

Judit Temesvary Principal Economist Global Financial Institutions
International Finance

Ana-Maria K. Tenekedjieva Economist Flow of Funds
Research and Statistics

Mary Tian Group Manager Financial Intermediaries Analysis
Monetary Affairs

Yannick Timmer Principal Economist Macro-Financial Analysis
Monetary Affairs

Jean Xiao Timmerman Senior Fin Inst Policy Analyst II Policy - Policy Planning
Supervision and Regulation

William F. Treacy Adviser Program Direction
Supervision and Regulation

Pinar Uysal Principal Economist Global Financial Institutions
International Finance

Skander Van den Heuvel Associate Director Program Direction
Financial Stability

Alexandros Vardoulakis Chief Macroprudential Policy Analysis
Financial Stability

Stéphane Verani Principal Economist Systemic Financial Institutions and Markets
Research and Statistics

Cindy M. Vojtech Chief Financial Institution Risk Evaluation
Financial Stability

Martin M. Waibel Economist Financial Intermediaries Analysis
Monetary Affairs

Ashley Wang Assistant Director Program Direction
Research and Statistics

James Wang Principal Economist Stress Testing
Supervision and Regulation

Jessie Wang Principal Economist Banking and Financial Analysis
Monetary Affairs

Ke Wang Principal Economist Banking, Credit and Operational Risk
Supervision and Regulation

Teng Wang Principal Economist Stress Testing
Supervision and Regulation

Missaka Warusawitharana Manager Policy Effectiveness and Assessment
Supervision and Regulation

Kirstin E. Wells Principal Economist FedNow Oversight Coordination and Strategy
Reserve Bank Operations and Payment Systems

Carlo E. Wix Principal Economist Banking and Financial Analysis
Monetary Affairs

Isabella M. Wolfskeil Economist International Financial Stability
International Finance

Vladimir L. Yankov Principal Economist Financial Institution Risk Evaluation
Financial Stability

Youngsuk Yook Principal Economist Flow of Funds
Research and Statistics

Nick Zarra Economist Capital Markets
Research and Statistics

Ilknur Zer Principal Economist Global Financial Institutions
International Finance

Andrei Zlate Group Manager Banking and Financial Analysis
Monetary Affairs

Last Update: June 16, 2025

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Banking and Financial Institutions