Thomas Barkin
Thomas Barkin | |
---|---|
8th President of the Federal Reserve Bank of Richmond | |
Incumbent | |
Assumed office January 1, 2018 | |
Preceded by | Jeffrey M. Lacker |
Personal details | |
Born | 1961 (age 62–63) Tampa, Florida, U.S. |
Education | Harvard University (BA, JD, MBA) |
Thomas I. Barkin (born 1961) is an American central banker, who became the eighth president and CEO of the Federal Reserve Bank of Richmond on January 1, 2018.[1] He worked at global management consulting firm McKinsey & Company for 30 years in increasingly senior positions, including as global chief financial officer (CFO) and chief risk officer, with oversight of finance, legal and information technology functions, among others. He also served on the executive committee of the Metro Atlanta Chamber of Commerce, as an Emory University Board of Trustees member, and former board member and chairman of the Federal Reserve Bank of Atlanta.
Education and early career
Barkin was born and raised in Tampa, Florida.[1] He graduated from Harvard University in 1983 with a bachelor's degree in Economics.[2] In 1987, he earned a JD and an MBA in the joint degree program offered by Harvard Law School and Harvard Business School.[3]
Professional career
Barkin worked for global management consulting firm McKinsey for 30 years. From 2009 to 2015, Barkin served as the firm's chief financial officer.[4]
Most recently, Barkin was a senior partner in McKinsey's Atlanta office, where his primary client focus was helping financial institutions and travel and transportation companies. From 2015 to 2017, he served as the McKinsey's chief risk officer.[citation needed]
Outside boards and organizations
Barkin served on numerous boards for community groups and organizations. While in Atlanta, he served on the executive committee of the Metro Atlanta Chamber of Commerce. He is a member of the Emory University Board of Trustees.[5] He also was a member of the executive board of the United States Golf Association (USGA), and in 2017 on the board's Audit, Finance and Handicap Committees.[6]
Barkin served on the board of directors for the Federal Reserve Bank of Atlanta from 2009 to 2014, and was the board’s chairman from 2013 to 2014.[1]
Personal life
Barkin and his wife, Robyn Rieser Barkin, have two children.[5]
See also
References
- ^ a b c "Thomas I. Barkin Bio" (PDF). Richmond Fed. Retrieved December 8, 2017.
- ^ Times-Dispatch, JOHN REID BLACKWELL Richmond. "Thomas I. Barkin takes 'pragmatic' approach to policy as new Richmond Fed president". Richmond Times-Dispatch. Retrieved October 3, 2019.
- ^ Condon, Christopher (December 4, 2017). "Richmond Fed Names McKinsey's Thomas Barkin as Its President". Bloomberg.com. Retrieved December 9, 2017.
- ^ Staff. "Federal Reserve Bank of Richmond names McKinsey & Co.'s Thomas Barkin as its president and CEO". Richmond.com. Richmond.com. Retrieved December 9, 2017.
- ^ a b "Thomas I. Barkin Bio". Emory University. Retrieved December 9, 2017.
- ^ "Thomas I. Barkin Bio". US Golf Association. Retrieved December 9, 2017.
External links
- Federal Reserve biography
Other offices | ||
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Preceded by | President of the Federal Reserve Bank of Richmond 2018–present | Incumbent |
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![](http://upload.wikimedia.org/wikipedia/commons/thumb/1/1a/Seal_of_the_United_States_Federal_Reserve_System.svg/80px-Seal_of_the_United_States_Federal_Reserve_System.svg.png)
(Antecedents)
- Aldrich–Vreeland Act (1908)
- National Monetary Commission (1909–1912)
- Federal Reserve Act (1913)
- Pittman Act (1918)
- Edge Act (1919)
- Phelan Act (1920)
- Regulation D (c. 1930)
- Emergency Banking Act (1933)
- Regulation Q (1933)
- Glass–Steagall Act (1933)
- Gold Reserve Act (1934)
- Banking Act of 1935
- Bretton Woods system (1944–1971)
- Employment Act of 1946
- U.S. Treasury Department Accord (1951)
- Bank Holding Company Act (1956)
- FOMC actions (1961–present)
- Truth in Lending Act (1968)
- Nixon shock (1971)
- Smithsonian Agreement (1971)
- Equal Credit Opportunity Act (1974)
- Home Mortgage Disclosure Act (1975)
- Community Reinvestment Act (1977)
- Federal Reserve Reform Act (1977)
- Electronic Fund Transfer Act (1978)
- Humphrey–Hawkins Full Employment Act (1978)
- International Banking Act (1978)
- DIDMC Act (1980)
- Federal Reserve v. Investment Co. Institute (1981)
- Northeast Bancorp v. Federal Reserve (1985)
- Greenspan put (1987)
- Expedited Funds Availability Act (1987)
- FIRRE Act (1989)
- FDIC Improvement Act (1991)
- Gramm–Leach–Bliley Act (1999)
- Subprime mortgage crisis responses (2007–2010)
- Emergency Economic Stabilization Act (2008)
- Unfair or Deceptive Acts or Practices (2008)
- Commercial Paper Funding Facility (2008–2010)
- Primary Dealer Credit Facility (2008–2010)
- Bloomberg v. Federal Reserve (2009)
- 2009 Supervisory Capital Assessment Program
- Term Asset-Backed Securities Loan Facility (2009–2010)
- Public–Private Investment Program for Legacy Assets (2009–)
- Dodd–Frank Act (2010; Durbin amendment)
- Commercial Paper Funding Facility (2020–2021)
- Corner Post v. Federal Reserve (2024)
- Charles S. Hamlin (1914–1916)
- William P. G. Harding (1916–1922)
- Daniel R. Crissinger (1923–1927)
- Roy A. Young (1927–1930)
- Eugene Meyer (1930–1933)
- Eugene R. Black (1933–1934)
- Marriner S. Eccles (1934–1948)
- Thomas B. McCabe (1948–1951)
- William M. Martin (1951–1970)
- Arthur F. Burns (1970–1978)
- G. William Miller (1978–1979)
- Paul Volcker (1979–1987)
- Alan Greenspan (1987–2006)
- Ben Bernanke (2006–2014)
- Janet Yellen (2014–2018)
- Jerome Powell (2018–present)
governors
(by district)
- Susan Collins (Boston)
- John Williams (New York)
- Patrick T. Harker (Philadelphia)
- Loretta J. Mester (Cleveland)
- Thomas Barkin (Richmond)
- Raphael Bostic (Atlanta)
- Austan Goolsbee (Chicago)
- Alberto Musalem (St. Louis)
- Neel Kashkari (Minneapolis)
- Jeff Schmid (Kansas City)
- Lorie Logan (Dallas)
- Mary C. Daly (San Francisco)