FEDERAL RESERVE BANK of NEW YORK

Museum & Gold Tour Regional Economy Data & Statistics Careers Blog Press Center

About the New York Fed
- About the New York Fed
- What We Do
- Governance
- Diversity and Inclusion
- Advisory Groups
- Events
- Vendor Information
- Working within the Federal Reserve System, the New York Fed implements monetary policy, supervises and regulates financial institutions and helps maintain the nation's payment systems.
  
  Do you have a Freedom of Information request? Learn how to submit it.
  
  See the world's largest accumulation of gold as you learn about the New York Fed and Federal Reserve System on a free tour.
  
  The latest Annual Report chronicles the impact of Federal Reserve policies and includes data on the New York Fed's operations.
Markets & Policy Implementation

Economic Research
- Economic Research
- Data & Indicators
- Publications
- PEOPLE
- Liberty Street Economics Blog
- Our economists engage in scholarly research and policy-oriented analysis on a wide range of important issues.
  
  The Center for Microeconomic Data offers wide-ranging data and analysis on the finances and economic expectations of U.S. households.
  
  Our model produces a "nowcast" of GDP growth, incorporating a wide range of macroeconomic data as it becomes available.
  
  U.S. Economy in a Snapshot is a monthly presentation designed to give you a quick and accessible look at developments in the economy.
Financial Institution Supervision
- Financial Institution Supervision
- Supervision & Regulation
  - Circulars
  - Regulations
- Reporting Forms & Instructions
  - Reporting Forms
  - Correspondence
- Bank Applications
- Consumer Protection
  - Community Reinvestment Act Exams
  - Frauds and Scams
- As part of our core mission, we supervise and regulate financial institutions in the Second District. Our primary objective is to maintain a safe and competitive U.S. and global banking system.
  
  The Governance & Culture Reform hub is designed to foster discussion about corporate governance and the reform of culture and behavior in the financial services industry.
  
  Need to file a report with the New York Fed? Here are all of the forms, instructions and other information related to regulatory and statistical reporting in one spot.
  
  The New York Fed works to protect consumers as well as provides information and resources on how to avoid and report specific scams.
Financial Services & Infrastructure
- Financial Services & Infrastructure
- Financial Services & Operations
- Financial Market Infrastructure & Reform
- 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.
  
  The New York Fed provides a wide range of payment services for financial institutions and the U.S. government.
  
  The New York Fed offers the Central Banking Seminar and several specialized courses for central bankers and financial supervisors.
  
  The New York Fed has been working with tri-party repo market participants to make changes to improve the resiliency of the market to financial stress.
Outreach & Education
- Outreach & Education
- Community Development
- School & University Programs
  - High School
  - College and Graduate
- Museum & Learning Center
- Events
  - Upcoming Events
  - Past Events
- The New York Fed engages with individuals, households and businesses in the Second District and maintains an active dialogue in the region. The Bank gathers and shares regional economic intelligence to inform our community and policy makers, and promotes sound financial and economic decisions through community development and education programs.
  
  The Governance & Culture Reform hub is designed to foster discussion about corporate governance and the reform of culture and behavior in the financial services industry.
  
  The College Fed Challenge is a team competition for undergraduates inspired by the working of the Federal Open Market Committee.
  
  The Community Credit interactive highlights credit conditions, including measures of credit inclusion and stress, at the national, state and county levels.

No. 2201

THURSDAY, MARCH 30, 2000

TURNIPSEED NAMED TO HEAD NEW YORK FED FINANCIAL SERVICES GROUP

NEW YORK – The Federal Reserve Bank of New York announced that its board of directors has approved the promotion of Carl W. Turnipseed to executive vice president, financial services group. He succeeds Kathleen A. O’Neil.

Mr. Turnipseed will become a member of the bank’s management committee immediately.

Ms. O’Neil has been with the Bank for almost 24 years and has decided to pursue private sector opportunities. In the interim, she will continue to serve as an executive vice president reporting to the Bank’s president, as an advisor.

Mr. Turnipseed was senior vice president and manager of the Buffalo Branch since 1994. In 1998, his responsibilities expanded to include the New York Fed’s business development office. Prior to 1994, Mr. Turnipseed served as vice president in charge of personnel.

Mr. Turnipseed began his career with the New York Fed in 1969 as a management trainee. Shortly after joining the bank, he left to serve as a lieutenant in the U.S. Army. He returned in 1971 to the bank in the personnel function and subsequently has held positions in other areas including, accounting, check processing, government bond and automated clearing house payments.

In 1986, he was assigned to the foreign relations area. During his time there

Mr. Turnipseed was selected to represent the Federal Reserve System at the XVI SEANZA (South East Asia, New Zealand, Australia) Central Bank course in Dhaka, Bangladesh.

Mr. Turnipseed is a founding member of the Board of Directors of Classroom, Inc., a program to teach middle and high school students critical thinking skills using personal computer-based simulations. He is chairman of the board of director of INROADS/Western New York and has also been active on the boards of directors of United Way of Buffalo and Erie County, Niagara International Trade Council, The Buffalo Niagara Partnership, and The Greater Niagara Frontier Council Boy Scouts of America.

In addition, Mr. Turnipseed is a member of Sigma Pi Phi Fraternity, and the National Association of Urban Bankers. He is also a life member of the Kappa Alpha Psi Fraternity, Inc., the NAACP, and the Morgan State University Alumni Association.

Mr. Turnipseed has an MBA degree from New York University and a BA degree from Morgan State College in Baltimore, Maryland.