Jane Fraser, chair of the board and chief executive officer of Citi, was appointed to the Federal Reserve Board of Governors’ Federal Advisory Council for a one-year term that began in January, according to a Mar. 31 announcement from the New York Fed’s Board of Directors.
The appointment places Fraser as a representative of the banking industry from the Second Federal Reserve District. The council is made up of one member from each of the twelve districts and meets four times annually in Washington, D.C., where it consults with and advises the Board on economic and banking matters within its jurisdiction. Members typically serve three consecutive one-year terms.
Fraser has held several leadership positions at Citi since joining in 2004, including roles as president, CEO of Global Consumer Bank, global head of strategy and M&A, CEO of Citi’s Private Bank, and CEO for Citigroup Latin America. Prior to her tenure at Citi, she was a partner at McKinsey & Company. She holds an M.B.A. from Harvard Business School and an M.A. in economics from Cambridge University.
The Federal Reserve Bank of New York provides thought leadership on community economic issues according to its official website. It operates as part of the broader Federal Reserve System according to its official website, working to bolster the U.S. economy through efforts such as fostering job creation, maintaining stable prices, supporting economic growth, delivering financial services and overseeing institutions in its district according to its official website.
John C. Williams has served as president and chief executive officer at the New York Fed since June 2018 according to its official website. The bank covers New York State, northern New Jersey, southwestern Connecticut, Puerto Rico and the U.S. Virgin Islands according to its official website, playing a key role in executing monetary policy aimed at supporting stability and growth according to its official website.
For more information about members or activities related to this council appointment or other aspects concerning regional banking oversight by federal entities like these institutions offer additional resources online.
