Meet the Economists
The Federal Reserve Board employs over 300 Ph.D. economists, who represent an exceptionally diverse range of interests and specific areas of expertise. Board economists conduct cutting edge research, produce numerous working papers, and are among the leading contributors at professional meetings and in major journals. Our economists also produce a wide variety of economic analyses and forecasts for the Board of Governors and the Federal Open Market Committee.
Reserve Bank Operations and Payment Systems
The Division of Reserve Bank Operations and Payment Systems oversees the policies and operations of the Federal Reserve Banks as providers of financial services to depository institutions and as providers of fiscal agency services to the U.S. Treasury and other government agencies. In addition, as part of the Board's enhanced program for the supervision and oversight of payment systems, central securities depositories, securities settlement systems, central counterparties, and trade information warehouses, the division participates directly in the supervision of financial market infrastructures that are designated as systemically important by the U.S. Financial Stability Oversight Council as well as in more general oversight activities relating to domestic and foreign financial market infrastructures. The division also develops policies and regulations to foster the integrity and efficiency of the U.S. payment and financial system; works closely with other regulators, central banks, and international organizations to improve the payment and financial system more broadly; and conducts research on various topics related to payment and clearing issues and financial market infrastructures.
![Photo of Anton I. Badev](https://webarchive.library.unt.edu/web/20201218054650im_/https://www.federalreserve.gov/econres/images/anton-i-badev_rdax_75x86.jpg)
Reserve Bank Operations and Payment Systems
![Photo of Garth Baughman](https://webarchive.library.unt.edu/web/20201218054650im_/https://www.federalreserve.gov/econres/images/garth-baughman_rdax_75x86.jpg)
Reserve Bank Operations and Payment Systems
![Photo of Francesca Carapella](https://webarchive.library.unt.edu/web/20201218054650im_/https://www.federalreserve.gov/econres/images/francesca-carapella_rdax_75x86.jpg)
Reserve Bank Operations and Payment Systems
![Image of Board Seal](https://webarchive.library.unt.edu/web/20201218054650im_/https://www.federalreserve.gov/econres/images/no-pic-seal-large_rdax_75x86.png)
Reserve Bank Operations and Payment Systems
![Photo of Matthew J. Eichner](https://webarchive.library.unt.edu/web/20201218054650im_/https://www.federalreserve.gov/econres/images/matthew-j-eichner_rdax_75x86.jpg)
Reserve Bank Operations and Payment Systems
![Photo of Elena Falcettoni](https://webarchive.library.unt.edu/web/20201218054650im_/https://www.federalreserve.gov/econres/images/elena-falcettoni_rdax_75x86.jpg)
Reserve Bank Operations and Payment Systems
![Photo of Jean C. Flemming](https://webarchive.library.unt.edu/web/20201218054650im_/https://www.federalreserve.gov/econres/images/jean-c-flemming_rdax_75x86.jpg)
Reserve Bank Operations and Payment Systems
![Photo of Geoffrey R. Gerdes](https://webarchive.library.unt.edu/web/20201218054650im_/https://www.federalreserve.gov/econres/images/geoffrey-r-gerdes_rdax_75x86.jpg)
Reserve Bank Operations and Payment Systems
![Photo of May X. Liu](https://webarchive.library.unt.edu/web/20201218054650im_/https://www.federalreserve.gov/econres/images/may-x-liu_rdax_75x86.jpg)
Reserve Bank Operations and Payment Systems
![Photo of Mark D. Manuszak](https://webarchive.library.unt.edu/web/20201218054650im_/https://www.federalreserve.gov/econres/images/mark-d-manuszak_rdax_75x86.jpg)
Reserve Bank Operations and Payment Systems
![Photo of David C. Mills](https://webarchive.library.unt.edu/web/20201218054650im_/https://www.federalreserve.gov/econres/images/david-c-mills_rdax_75x86.jpg)
Reserve Bank Operations and Payment Systems
![Photo of Travis D. Nesmith](https://webarchive.library.unt.edu/web/20201218054650im_/https://www.federalreserve.gov/econres/images/travis-d-nesmith_rdax_75x86.jpg)
Reserve Bank Operations and Payment Systems
![Photo of Dong Hwan Oh](https://webarchive.library.unt.edu/web/20201218054650im_/https://www.federalreserve.gov/econres/images/dong-hwan-oh_rdax_75x86.jpg)
Reserve Bank Operations and Payment Systems
![Photo of Todd A. Prono](https://webarchive.library.unt.edu/web/20201218054650im_/https://www.federalreserve.gov/econres/images/todd-a-prono_rdax_75x86.jpg)
Reserve Bank Operations and Payment Systems
![Photo of Oleg V. Sokolinskiy](https://webarchive.library.unt.edu/web/20201218054650im_/https://www.federalreserve.gov/econres/images/oleg-v-sokolinskiy_rdax_75x86.jpg)
Reserve Bank Operations and Payment Systems
![Photo of Kirstin E. Wells](https://webarchive.library.unt.edu/web/20201218054650im_/https://www.federalreserve.gov/econres/images/kirstin-e-wells_rdax_75x86.jpg)
Reserve Bank Operations and Payment Systems
![Photo of Krzysztof P. Wozniak](https://webarchive.library.unt.edu/web/20201218054650im_/https://www.federalreserve.gov/econres/images/krzysztof-p-wozniak_rdax_75x86.jpg)
Reserve Bank Operations and Payment Systems