New York Fed Names Simon Potter Head of Markets Group

Museum & Visits Regional Economy Data & Statistics Careers Blog Press Center

About the New York Fed
- About the New York Fed
- What We Do
- Who We Are
  - Bank Leadership
  - Diversity and Inclusion
- Communities We Serve
- Governance
- More About Us
- At the New York Fed, our mission is to make the U.S. economy stronger and the financial system more stable for all segments of society. We do this by executing monetary policy, providing financial services, supervising banks and conducting research and providing expertise on issues that impact the nation and communities we serve.
  
  Introducing the New York Innovation Center: Delivering a central bank innovation execution
  
  Do you have a request for information and records? Learn how to submit it.
  
  Learn about the history of the New York Fed and central banking in the United States through articles, speeches, photos and video.
Markets & Policy Implementation

Economic Research
- Economic Research
- U.S. Economy
  - Consumer Expectations & Behavior
  - Growth & Inflation
  - Labor Market
  - Financial Stability
  - Banking
- REGIONAL ECONOMY
- RESEARCHERS
  - PUBLICATIONS
  - RESEARCH CENTERS
  - CALENDAR

Financial Institution Supervision
- Financial Institution Supervision
- Supervision & Regulation
  - Circulars
  - Regulations
- Reporting Forms & Instructions
  - Reporting Forms
  - Correspondence
- Bank Applications
- Consumer Protection
  - Community Reinvestment Act Exams
  - Frauds and Scams
- As part of our core mission, we supervise and regulate financial institutions in the Second District. Our primary objective is to maintain a safe and competitive U.S. and global banking system.
  
  The Governance & Culture Reform hub is designed to foster discussion about corporate governance and the reform of culture and behavior in the financial services industry.
  
  Need to file a report with the New York Fed? Here are all of the forms, instructions and other information related to regulatory and statistical reporting in one spot.
  
  The New York Fed works to protect consumers as well as provides information and resources on how to avoid and report specific scams.
Financial Services & Infrastructure
- Financial Services & Infrastructure
- Financial Services & Operations
- Financial Market Infrastructure & Reform
- 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 New York Fed provides a wide range of payment services for financial institutions and the U.S. government.
  
  The New York Fed offers the Central Banking Seminar and several specialized courses for central bankers and financial supervisors.
  
  The New York Fed has been working with tri-party repo market participants to make changes to improve the resiliency of the market to financial stress.
Community Development
& Education

Press Release

New York Fed Names Simon Potter Head of Markets Group

June 21, 2012

The Federal Reserve Bank of New York announced today that Simon M. Potter, executive vice president and co-head of the Research and Statistics Group, has been named the new head of the Markets Group by New York Fed President William C. Dudley. The Federal Open Market Committee (FOMC) also selected Mr. Potter as Manager of the System Open Market Account (SOMA). Mr. Potter will begin his new roles on June 30, 2012. He succeeds Brian P. Sack, who steps down on June 29, 2012

Mr. Potter’s selection comes after a comprehensive search process that considered a large slate of potential internal and external candidates with a wide range of experiences and backgrounds.

“Simon is a trusted colleague with deep expertise in macroeconomics, financial stability and financial markets, and a reputation for candor and objectivity. His analytical strength and practical experience will prove invaluable as he steps into this new role,” said Mr. Dudley.

Mr. Potter currently serves as director of economic research at the New York Fed. He is also the FOMC representative for the Research and Statistics Group, where he leads analytical work related to forecasting and monetary policy and leads FOMC briefings and preparation. Mr. Potter has played a prominent role in the New York Fed’s financial stability efforts, including contributing to the design of the 2009 U.S. bank stress tests and as a member of the international Macroeconomic Assessment Group that supported the Basel Committee’s work to strengthen bank capital standards. Mr. Potter was also a key contributor to the 2011 Financial Stability Oversight Council’s Annual Report on Financial Stability, its first annual report.

Mr. Potter, 51, has been at the New York Fed for 14 years. Prior to joining the Bank, Mr. Potter was assistant professor of economics at the University of California, Los Angeles. He holds a bachelor’s degree and a master’s degree from Oxford University, United Kingdom, and a doctorate in economics from the University of Wisconsin.

James J. McAndrews, executive vice president, will assume sole leadership of the Research and Statistics Group, and has been appointed associate economist of the FOMC.

Simon Potter's Biography »

Contact
Media Relations
NY.Fed.Media.Relations@ny.frb.org