Sandra C. Krieger is a senior vice president in the Bank. She heads two functions: the Payments Policy Function (PPF) and the Administration Office for the Subcommittee on Credit Risk Management (SAO). Both functions are in the Executive Office at the Bank.

Ms. Krieger assumed responsibility as head of PPF in June 2007. She has been a member since the function was formed in 2004.

Ms. Krieger assumed responsibility for establishing and leading SAO in January 2007. At that time, she became the Chair of the Subcommittee on Credit Risk Management.

Ms. Krieger was a senior vice president in the payment studies function in the Research and Market Analysis Group between July 2002 and May 2004. Between 1985 and 2002, Ms. Krieger was involved in domestic reserves management, with responsibilities for the management of domestic open market trading, market analysis and discount window operations in the Bank.

Ms. Krieger joined the Bank in 1981 as an economist in monetary research. In 1985 she was appointed staff director in the analysis division of the securities department, later renamed the open market department. In January 1989, Ms. Krieger was appointed an officer of the Bank with the title of manager with responsibility over the open market trading and accounting divisions of the open market department.

In December 1993, Ms. Krieger was appointed assistant vice president in the Markets Group. In January 1995, she was appointed vice president with responsibility for domestic open market operations. Her appointment to senior vice president with responsibility for domestic open market operations was in March 1997. Responsibility for discount window operations was added to her portfolio in March 1998.

Ms. Krieger holds a bachelor’s degree in mathematical economics from Wesleyan University and a Ph.D. in economics from the University of California.

November 2007