Press Release
New York Fed Creates New Group and Names Calvin A. Mitchell III Executive Vice President
June 26, 2008

NEW YORK—Timothy F. Geithner, president and chief executive officer of the Federal Reserve Bank of New York, announced today the formation of a new Communications Group. The Bank’s board of directors promoted Calvin A. Mitchell III to executive vice president and named him to head the new group. He is a member of the Bank’s Management Committee.

The group was created in recognition of the increasing roles and responsibilities of the communications and regional and community affairs area in the Bank, which had been previously located in the Executive Office. Mr. Mitchell was the senior vice president in charge of the Bank’s Communication and Regional and Community Affairs function and has been a member of the Management Committee since August 2005.

Prior to joining the Bank in 2005, Mr. Mitchell held various senior positions in the private sector and in the U.S. government. He served as chief operating officer at Anchor Point Asset Management, an investment fund; as senior vice president for marketing and communications at Instinet Corporation, a global electronic agency broker; and as a senior vice president at Abernathy MacGregor Group, an investor relations and financial public relations firm.

Mr. Mitchell served as spokesman and director of communications at the U.S. Mission to the United Nations; deputy assistant secretary (Public Affairs) Department of Treasury; director of public affairs, National Security Council; and assistant press secretary at the White House. He was a career member of the United States Foreign Service, serving overseas and in Washington, D.C., at the Department of State and a member of the senior executive service. He is a two-time recipient of the State Department’s Superior Honor Award.

Mr. Mitchell is a graduate of Yale College. He serves as a Trustee of the Citizens Budget Commission.

Contact:
Andrew Williams
(212) 720-6143
andrew.williams@ny.frb.org