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.
Calvin A. Mitchell III has been named senior vice president of the Federal Reserve Bank of New York in charge of the Bank's Public Information area. He will serve as spokesman for the Bank, and will have responsibility for internal communications and community affairs. He also will be a member of the Management Committee. The appointment was made by the Bank's board of directors.
Mr. Mitchell, 46, brings to the Bank a range of experience in financial markets, as chief operating officer at Anchor Point Asset Management, an investment fund, as senior vice president at Instinet Corporation, a global electronic agency broker, and at Abernathy MacGregor Group, an investor relations and financial public relations firm.
Earlier in Mr. Mitchell's career, he served in communications positions at the United States Mission to the United Nations, the Department of Treasury, the Department of State, and the White House and National Security Council.
Mr. Mitchell is a graduate of Yale College. He is a resident of New York City.
He succeeds Peter Bakstansky who will retire on September 30, 2005.