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.
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. ONeil.
Mr. Turnipseed will become a member of the banks management committee immediately.
Ms. ONeil 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 Banks 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 Feds 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.