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 Outreach and Education function engages, empowers and educates the Second District communities that the Bank serves, especially civic leaders, students, educators, small business owners, policymakers and the general public. It furthers the Bank's commitment to the region by listening to the communities we serve and leveraging our unique attributes to positively impact school and university programs, as well as analysis and research.
Sarah 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.
The Financial Institution Supervision Group at the New York Fed is responsible for supervising and regulating all state member banks, financial holding companies and other bank holding companies, and foreign banks operating within the Second Federal Reserve District. It is also heavily involved in the development of supervisory policies and procedures, both domestically and internationally, and processes applications by banking organizations to expand their activities.
Ms. Dahlgren had previously led the American International Group (AIG) monitoring team as a senior vice president since September 2008. Ms. Dahlgren joined the New York Fed as an examiner in July 1990. She has held various positions within the Financial Institution Supervision Group, including responsibility for the relationship management function, with oversight responsibility for the Group's portfolio of domestic and foreign banking organizations. Prior to that, she had oversight responsibility for the Group's information systems and technology exam programs, as well as its Year 2000 readiness efforts. In addition, Ms. Dahlgren was responsible for the Bank's Credit Risk Management Function. Ms. Dahlgren holds a bachelor's degree from Cornell University and a master's degree from Duke University.