The Financial Institution Supervision Group supervises and regulates financial institutions in the Second District. Its primary objective is to maintain safe and competitive U.S. and global banking systems. Staff in the Group assess the safety and soundness of domestic banking institutions and operations of foreign banking organizations in the District through periodic onsite evaluations and offsite financial analysis and surveillance. The Group also analyzes issues and developments to identify emerging supervisory risks and develop domestic and international supervisory policy.
SARAH J. DAHLGRENSarah J. Dahlgren, executive vice president and member of the Bank's Management Committee, became head of the Financial Institution Supervision Group at the Federal Reserve Bank of New York effective January 1, 2011. Ms. Dahlgren had been the executive vice president of the Special Investments Management Group since January 2010.
Patricia Meadow is vice president and head of the Large International and Foreign Institutions (“LIFI”) function in the Financial Institutions Supervision Group at the Federal Reserve Bank of New York. LIFI supervisory specialists assess the safety and soundness of the largest international and foreign institutions located in the Second District. Most recently, Ms. Meadow was the head of the Regional and Community Banks and Consumer Compliance function. Prior to joining the Bank in 2011, Ms. Meadow was First Deputy Superintendent at the New York State Banking Department, where she was responsible for supervisory matters related to large complex financial institutions and community banks.
With over 30 years of experience in the field of financial services, Ms. Meadow has held management positions in major international financial institutions in the areas of corporate lending and portfolio restructuring, business development, administration, and human resources.
Ms. Meadow holds a Bachelor of Arts degree in Political Science from Arcadia University and a Master of International Affairs degree from Columbia University School of International and Public Affairs.
Homer C. Hill, III, is a senior vice president and the chief operating officer for Financial Institution Supervision Group at the Federal Reserve Bank of New York. Mr. Hill is responsible for the day-to-day operations of the Group, including strategy, administrative, workforce management, financial management and information technology. Previously, Mr. Hill had senior oversight responsibility for one of the Bank’s systemically important bank holding companies from November 2008 to January 2011. Prior to that, he was the head of the Regional and Community Banks Relationship Management Function and Professional Development Staff from November 2005.
Mr. Hill joined the Federal Reserve Bank of New York as an assistant bank examiner in July 1988, assigned to the domestic banking department. Over his 25-year career in bank supervision, he has held several relationship management, surveillance analyst and examiner positions within the Group, including serving as a Central Point of Contact for a Large Complex Banking Organization in the relationship management function for over five years. In June 1999, he was appointed a bank supervision officer in the financial examinations function. In May 2000, he was assigned to the relationship management function and was promoted to assistant vice president in December 2001. He was appointed vice president in the same area in January 2004.
Mr. Hill holds a Bachelor of Arts in economics from Columbia University.
Ron Cathcart is senior vice president and head of the Enterprise Risk Supervision function in the Financial Institution Supervision Group at the Federal Reserve Bank of New York. Mr. Cathcart is responsible for the oversight of risks faced by financial institutions in the Second District, including the systemically important firms designated by the Financial Stability Oversight Council, large foreign financial institutions and large regional banking organizations.
Mr. Cathcart leads a team of risk professionals responsible for the full range of enterprise risks including credit, market, liquidity, compliance, operational and model risk. The work of this group is carried out within the regulatory framework established by the Board of Governors and forms the basis for an overall assessment of the firms supervised.
He was the Chief Enterprise Risk Officer of Washington Mutual until 2008, where he oversaw all aspects of risk in the organization in addition to internal audit and insurance. Prior to joining WaMu, Mr. Cathcart was the Executive Vice President Retail Risk Management for CIBC. Previously, he served as the EVP Retail Risk Management at JP Morgan Chase and the head of Personal and Commercial Banking Risk at RBC. In 2009, he formed the bank advisory firm, Columbia Capital Consulting which provided risk management consulting services to financial institutions.
Mr. Cathchart holds an A.B. degree from Dartmouth College and an M.B.A. from the Richard Ivey School of Business.