New York - Daniel A. Muccia was named a senior vice president in the Bank Supervision Group of the Federal Reserve Bank of New York. In this post, he will be responsible for the supervision of the U.S. operations of foreign banking organizations and for the provision of supervisory technical assistance. Mr. Muccia was appointed by the Bank’s board of directors to succeed Robert O’Sullivan, who retired in May.
Mr. Muccia currently serves as First Deputy Superintendent of Banks at the New York State Banking Department, a position he has held since 2000, where he assists the Superintendent of Banks in managing an agency with more than 550 employees and an annual budget in excess of $80 million. He oversees the operations of the Department’s three depository institution divisions with overall responsibility for safety and soundness. He also serves as a state liaison on the BSA/AML Working Group, a group of U.S. regulatory agencies organized by the U.S. Treasury Department to cooperate on anti-money laundering issues, and the Financial Banking Infrastructure Information Committee.
Mr. Muccia will retire after 32 years from the New York State Banking Department. He joined the bank examinations area of the Department in 1974 after graduating from Queens College. He held positions of increasing responsibility, including Assistant Deputy Superintendent of the Foreign Banks Division in 1989, Deputy Superintendent of Banks for the Mortgage Banking Division from 1991 to 1996 and Deputy Superintendent of Banks for the Examinations Division from 1996 to 1998.
Mr. Muccia is a resident of Glen Ridge, New Jersey and will assume his duties in early August.