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.
Regional & Community Outreach connects the Bank to Main Street via structured dialogues and two-way conversations on small business, mortgages, and household credit.
Economic Education improves public knowledge about the Federal Reserve System, monetary policy implementation, and promoting financial stability through the Museum and programs for K-16 students and educators, and the community.
Fields of interest Payday lending, Banking and Financial Institutions, Household Finance
Don Morgan is an Assistant Vice President at the Federal Reserve Bank of New York. Mr. Morgan's articles on banking and credit markets have been published in the American Economic Review, Quarterly Journal of Economics, Journal of Monetary Economics, and Journal of Money, Credit, and Banking (where he is associate editor). His latest research focuses on the Bankruptcy Reform of 2005, and on payday lending. His recent working paper, "Payday Holiday: How Households Fare after Payday Loan Bans," (FRBNY Staff Report # 309), has been widely discussed in the press (Business Week, Forbes, Wall Street Journal) and on-line. Mr. Morgan has degrees in economics from the University of New Mexico (B.A. '83), and the University of Wisconsin (Ph.D. '88). He grew up in Texas and New Mexico.