Federal Reserve Banks
Federal Reserve Bank of New York
John C. Williams
President
Federal Reserve Bank of New York
John C. Williams took office on June 18, 2018, as the 11th president and chief executive officer of the Second District, Federal Reserve Bank of New York. In that capacity, he serves as the vice chairman and a permanent member of the Federal Open Market Committee, the group responsible for formulating the nation’s monetary policy.
Mr. Williams was previously the president and chief executive officer of the 12th District, Federal Reserve Bank of San Francisco. Prior to that, he was the executive vice president and director of research for the Federal Reserve Bank of San Francisco, which he joined in 2002.
Mr. Williams began his career as an economist in 1994, when he joined the Board of Governors of the Federal Reserve System, following the completion of his PhD in economics at Stanford University. He became senior economist at the Board in 1998 and served on loan from 1999 to 2000 as senior economist at the White House Council of Economic Advisers. He subsequently returned to the Board, where he remained until he joined the Federal Reserve Bank of San Francisco.
Mr. Williams's research focuses on topics, including monetary policy under uncertainty and imperfect information, macroeconomics, learning, research and development, innovation, productivity, and business cycles. He has collaborated with economists from throughout the country and across the globe to examine economic and policy issues from different perspectives and has published numerous articles in leading research journals.
Mr. Williams has been a research associate for the Centre for Applied Macroeconomic Analysis since 2008. He was the managing editor of the International Journal of Central Banking and previously served as associate editor of the American Economic Review and the Journal of Economic Dynamics and Control. Additionally, he has been a lecturer at Stanford University's Graduate School of Business.
Prior to completing his doctorate at Stanford, Mr. Williams earned a masters of science with distinction in economics from the London School of Economics in 1989 and an AB with high distinction from the University of California at Berkeley in 1984.
He is married and has two teenage sons.
Bank Location
33 Liberty Street
New York, NY 10045
(212) 720-5000
Visitor Information
Head office at New York, New York.
Covers the state of New York; Fairfield County in Connecticut; and 12 counties in northern New Jersey, and serves the Commonwealth of Puerto Rico and the U.S. Virgin Islands.
Website: https://www.newyorkfed.org/
Branches
The Federal Reserve officially identifies Districts by number and Reserve Bank city.
The System serves commonwealths and territories as follows: the New York Bank serves the Commonwealth of Puerto Rico and the U.S. Virgin Islands; the San Francisco Bank serves American Samoa, Guam, and the Commonwealth of the Northern Mariana Islands. In the 12th District, the Seattle Branch serves Alaska, and the San Francisco Bank serves Hawaii. The Board of Governors revised the branch boundaries of the System in February 1996.
List of Directors
Class A
| Name | Title | Term expires December 31 |
|---|---|---|
| Paul P. Mello | President and Chief Executive Officer Solvay Bank Solvay, New York |
2020 |
| James P. Gorman | Chairman and Chief Executive Officer Morgan Stanley New York, New York |
2021 |
| Douglas L. Kennedy | President and Chief Executive Officer Peapack-Gladstone Bank Bedminster, New Jersey |
2022 |
Class B
| Name | Title | Term expires December 31 |
|---|---|---|
| Charles Phillips | Chairman Infor New York, New York |
2020 |
| Glenn H. Hutchins | Chairman, North Island and Co-Founder Silver Lake New York, New York |
2021 |
| Adena T. Friedman | President and Chief Executive Officer Nasdaq New York, New York |
2022 |
Class C
| Name | Title | Term expires December 31 |
|---|---|---|
| Rosa Gil (Deputy Chair) |
Founder, President, and Chief Executive Officer Comunilife, Inc. New York, New York |
2020 |
| Vincent Alvarez | President New York City Central Labor Council, AFL-CIO New York, New York |
2021 |
| Denise Scott (Chair) |
Executive Vice President Local Initiatives Support Corporation New York, New York |
2022 |