The Federal Reserve Board employs over 300 Ph.D. economists, who represent an exceptionally diverse range of interests and specific areas of expertise. Board economists conduct cutting edge research, produce numerous working papers, and are among the leading contributors at professional meetings and in major journals. Our economists also produce a wide variety of economic analyses and forecasts for the Board of Governors and the Federal Open Market Committee.

Last Name:
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Field of Interest:
Division:

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.

Section:
A
Image of Board Seal
Edward L. Anderson Principal Quantitative Analyst Quantitative Risk Analysis
Reserve Bank Operations and Payment Systems

B
Photo of Anton I. Badev
Anton I. Badev Economist Payment System Studies
Reserve Bank Operations and Payment Systems
Photo of Garth Baughman
Garth Baughman Economist Payment System Studies
Reserve Bank Operations and Payment Systems

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

D
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Shengwu Du Senior Economist Quantitative Risk Analysis
Reserve Bank Operations and Payment Systems

E
Photo of Matthew J. Eichner
Matthew J. Eichner Director Program Direction
Reserve Bank Operations and Payment Systems

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

L
Photo of May X. Liu
May X. Liu Statistician Payment System Studies
Reserve Bank Operations and Payment Systems

M
Photo of Mark D. Manuszak
Mark D. Manuszak Manager Payment System Studies
Reserve Bank Operations and Payment Systems
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Jeffrey C. Marquardt

Deputy DirectorProgram Direction
Reserve Bank Operations and Payment Systems
Photo of David C. Mills
David C. Mills Deputy Associate Director Payment System Studies
Reserve Bank Operations and Payment Systems

N
Photo of Travis D. Nesmith
Travis D. Nesmith Assistant Director Quantitative Risk Analysis
Reserve Bank Operations and Payment Systems

O
Photo of Dong Hwan Oh
Dong Hwan Oh Economist Quantitative Risk Analysis
Reserve Bank Operations and Payment Systems

P
Photo of Todd A. Prono
Todd A. Prono Senior Economist Quantitative Risk Analysis
Reserve Bank Operations and Payment Systems

W
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Jeremy Ward Quantitative Analyst Quantitative Risk Analysis
Reserve Bank Operations and Payment Systems
Photo of Krzysztof P. Wozniak
Krzysztof P. Wozniak Economist Payment System Studies
Reserve Bank Operations and Payment Systems
Last update: June 19, 2017