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 The board of directors of the Federal Reserve Bank of New York has approved the promotion to vice president of five bank officers.
Jeffrey C. Blye has been promoted to vice president responsible for the customer services department of the automation and systems services group.
Mr. Blye joined the bank in August 1991 as a senior technical specialist in the operations and communications systems department. He was appointed an officer of the bank in January 1995 and promoted to assistant vice president a year later.
In April 1998 Mr. Blye was given responsibility for network and data center planning and operations of the automation and systems services group.
Mr. Blye holds a BA from Queens College.
Valerie I. Rainford has been promoted to vice president currently responsible for the development of a replacement for the foreign accounts processing system in the markets group.
Ms. Rainford joined the bank in July 1986. After spending the early part of her career as a bank examiner, she became a support analyst in cash processing and later a staff director in the administrative services department at the East Rutherford Operations Center.
Ms. Rainford became an officer of the bank and was assigned to the accounting department in January 1995. From December 1995 through December 1997, when she was promoted to assistant vice president, she worked in the credit and risk management function and the markets group.
In October 1999 she was assigned to the funds and securities clearing staff in the markets group.
Ms. Rainford holds a BA degree from Fordham University.
Philip E. Strahan has been promoted to vice president, banking studies department in the research and market analysis group.
Mr. Strahan joined the bank in August 1993 in the banking studies department. He became a bank officer in December 1997 and was promoted to assistant vice president in June 1998.
He holds a BA degree from Amherst College and a Ph.D degree from the University of Chicago.
Miriam I. Vidal has been promoted to vice president with responsibility for the bank supervision and administrative systems department as well as for the fiscal systems division in the automation and systems services group.
Ms. Vidal joined the bank in July 1973 as a programmer analyst and was assigned to the project development division in the computer support department.
In October 1987, Ms. Vidal became an officer of the bank in the data systems department. She was promoted to assistant vice president in the bank supervision and administrative systems department in January 1995.
Ms. Vidal holds a BA degree from Brooklyn College.
Stefan Walter has been promoted to vice president with responsibility for the market and liquidity risk department in the bank supervision group.
Mr. Walter joined the banking studies department in July 1991. He took a two-year leave of absence in 1994 to work as a member of the Secretariat for the Basel Committee on Banking Supervision at the Bank for International Settlements (BIS).
When he returned from Basel in November 1996 he was promoted to officer in the banking trends function of the bank supervision group. In March 1998, Mr. Walter was promoted to assistant vice president and assigned to the bank supervision groups advisory and technical services function.
Mr. Walter holds a BA degree from the University of California and an MA from Columbia University.