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.
Calvin A. Mitchell III has been named senior vice president of the Federal Reserve Bank of New York in charge of the Bank's Public Information area. He will serve as spokesman for the Bank, and will have responsibility for internal communications and community affairs. He also will be a member of the Management Committee. The appointment was made by the Bank's board of directors.
Mr. Mitchell, 46, brings to the Bank a range of experience in financial markets, as chief operating officer at Anchor Point Asset Management, an investment fund, as senior vice president at Instinet Corporation, a global electronic agency broker, and at Abernathy MacGregor Group, an investor relations and financial public relations firm.
Earlier in Mr. Mitchell's career, he served in communications positions at the United States Mission to the United Nations, the Department of Treasury, the Department of State, and the White House and National Security Council.
Mr. Mitchell is a graduate of Yale College. He is a resident of New York City.
He succeeds Peter Bakstansky who will retire on September 30, 2005.