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.
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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.
Roseann Stichnoth is an executive vice president and head of the Financial Services Group at the Federal Reserve Bank of New York. Ms. Stichnoth's responsibilities include overseeing the Second Districts cash and custody, electronic payments and international Treasury services. She is also a member of the Banks Management Committee.
Before leading the Financial Services Group, Ms. Stichnoth was the head of the Special Investments Management Group (SIMG), which was responsible for managing certain lending facilities created during the financial crisis, including the Term Asset-backed Securities Loan Facility (TALF) and the Maiden Lane, Maiden Lane II and Maiden Lane III portfolios. SIMG also included the AIG Relationship Management function. During her tenure as head of SIMG, the New York Fed received full repayment of its loans to AIG and successfully wound down the ML II and ML III portfolios.
Prior to assuming the head of SIMG in 2010, Ms. Stichnoth was a senior vice president in the Markets Group and led the TALF team. She was also previously in charge of the Cash and Custody function of the Financial Services Group.
Ms. Stichnoth joined the New York Fed in 1977 and spent five years as a bank examiner. She then left the Bank to accept a position with Marine Midland Bank, N.A. (now part of HSBC), where she held various management positions related to domestic and international credit.
After 10 years in the private sector, she rejoined the New York Fed as a senior bank examiner in the international banking department. Since then, Ms. Stichnoth has held various management positions in bank supervision, human resources, financial management and operations.
Ms. Stichnoth holds a bachelors degree in business administration from the University of Massachusetts at Amherst and an MBA from the New York Institute of Technology.