Large and Foreign Banking Organizations
The Large and Foreign Banking Organizations (LFBO) function is responsible for the supervision of those foreign financial institutions operating in the Second District that are subject to enhanced supervision due to their size and or complexity of operations. The portfolio is distributed based on factors of geography and type of business.

Brian O'Halloran
Brian O’Halloran is a vice president and head of the Large and Foreign Banking Organizations (LFBO) function in the Supervision Group at the Federal Reserve Bank of New York. LFBO supervisory specialists assess the safety and soundness of the largest international and foreign institutions located in the Second District. Prior to heading up the function, Mr. O’Halloran was a department head within the function.

Mr. O’Halloran joined the Bank in 2002 and has served in multiple capacities across the Supervision Group, including roles in the former Financial Sector Policy and Analysis team, the Large Institution Supervision Coordinating Committee (LISCC) function, and Enterprise Risk Supervision. Prior to joining the Bank, Brian worked in the financial services industry for five years.

Mr. O’Halloran holds a master’s degree in business administration from New York University and a bachelor’s degree in economics and international affairs from Lafayette College.

The Federal Reserve Bank of New York works within the Federal Reserve System to implement monetary policy, supervise and regulate financial institutions and help maintain the safety, soundness and vitality of our economic and financial systems. As part of the New York Fed's core mission, we supervise and regulate financial institutions in the Second District with the goal of fostering a safe and competitive U.S. and global banking system.