The Federal Reserve Bank of New York works to promote sound and well-functioning financial systems and markets through its provision of industry and payment services, advancement of infrastructure reform in key markets and training and educational support to international institutions.
The Outreach and Education function engages, empowers and educates the Second District communities that the Bank serves, especially civic leaders, students, educators, small business owners, policymakers and the general public. It furthers the Bank's commitment to the region by listening to the communities we serve and leveraging our unique attributes to positively impact school and university programs, as well as analysis and research.
NEW YORK -- Christine M. Cumming, has been named executive vice president and director of research of the Federal Reserve Bank of New York.
Ms. Cumming had been a senior vice president responsible for advisory and technical services (formerly specialized examinations) and bank analysis in the bank supervision group since September 1993.
She will succeed Stephen G. Cecchetti, who is leaving the New York Fed after two years to return to Ohio State University. Ms. Cumming will complete her work in bank supervision during a brief transition period and assume full responsibility for the research and market analysis group (RMAG) upon Mr. Cecchettis departure in early September.
In addition to her work in bank supervision, Ms. Cumming has been active in the work of the Committee on Banking Supervision at the Bank for International Settlements (BIS) on issues related to credit and risk management.
Ms. Cumming joined the bank in September 1979 as an economist in the international research department. In December 1982, she was appointed chief of the industrial economies division and in January 1986, she was appointed research officer and senior economist in the financial markets department.
Ms. Cumming was appointed assistant vice president in January 1989. Three years later she was appointed vice president in the domestic banking department in bank supervision.
Ms. Cumming holds both a B.S. and Ph.D in economics from the University of Minnesota.