Richmond Fed History

Oral Histories

Former employees and leaders share their stories about working at the Richmond Fed. Additional interviews will be added throughout the course of the year.

 
Mac Alfriend
Mac Alfriend, Senior Vice President, Supervision and Regulation

1969-2010
Alfriend talks about bank exams in the days before computers, maintaining liquidity after 9/11, and challenges facing community banks.
Topics: 9/11, Bank Exams, Community Banks, Dodd-Frank Act, Financial Regulation

 
J. Alfred Broaddus Jr.
J. Alfred Broaddus Jr., President

1970-2004
Broaddus discusses preparing for FOMC meetings during the 1970s, the Richmond Fed’s reputation for "hawkishness" on inflation, and the issue of "too big to fail."
Topics: 9/11, Byrd St. Headquarters, Inflation, Monetary Policy, Too Big to Fail

 
Bob McTeer, Senior Vice President and Baltimore Regional Executive

1968-1991
McTeer describes the camaraderie of the Research Department during the 1970s and how his experience leading the Baltimore Branch prepared him to be president of the Dallas Fed.
Topics: Baltimore Branch, Banking Markets, International Economics, Monetary Policy, Research Department

 
photo of Carl Powell
Carl Powell, Director, FRAS

1970-1996
Powell recalls relocating to Richmond and establishing the Federal Reserve Automation Services (FRAS) department.
Topics: Cash Processing, Check Processing, Fifth District, Payments

 
Patricia Tunstall
Patricia Tunstall, Assistant Vice President

1965-2005
Tunstall discusses the challenges and rewards of being the Bank's first female African-American officer and the automation of cash processing.
Topics: Cash Processing, Diversity, Outreach, Payments

 
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Presidents

The Bank's three living presidents—Jeff Lacker, Al Broaddus, and Bob Black—discuss the most challenging and most exciting moments of their careers.