The Federal Reserve Bank of Richmond announced that its first vice president and chief operating officer, Sally Green, will retire in May 2013, after a career spanning over 35 years with the Federal Reserve System.
Green has had a distinguished career, joining the Federal Reserve Bank of Boston in 1978 as an assistant vice president in the research and community affairs department. She held various positions in Boston’s economic research, payments and support services areas and assumed broad operational responsibilities for the Bank in 1998 as executive vice president.
In 2006, Green came to the Federal Reserve Bank of Richmond as first vice president and chief operating officer to oversee the Bank’s financial services and support areas. Under her management, the Bank has deepened its strategic planning and external focus and strengthened operational performance.
Green has also been influential within the Federal Reserve System ― recently chairing the System’s Conference of First Vice Presidents and working on some of the nation’s most important payments services and policy issues, including participating on the Financial Services Policy Committee.
“With Sally’s departure, our District and the Federal Reserve System will say goodbye to a dedicated central banker and a woman of exceptional character who has served our mission, our people and our community with distinction,” noted Jeffrey M. Lacker, Richmond Fed president. “Sally has also deeply embraced our community. Her passion for helping children and supporting early childhood education is well-known throughout our region.”
Green serves on the board of directors of the United Way of Greater Richmond & Petersburg and chaired the Women’s Leadership Initiative for several years. She currently chairs the Boys & Girls Clubs of Metro Richmond board and serves on the Virginia Early Childhood Foundation board, the Smart Beginnings’ Leadership Council, the Capital Region Collaborative Organizing Committee and the Executive Advisory Council for the University of Richmond’s Robins School of Business.
A search is under way for the Richmond Fed’s new chief operating officer.
The Richmond Fed serves the Fifth Federal Reserve District, which includes the District of Columbia, Maryland, North Carolina, South Carolina, Virginia and most of West Virginia. As part of the nation's central bank, we're one of 12 regional Reserve Banks that work together with the Federal Reserve's Board of Governors to strengthen the economy and our communities. We manage the nation's money supply to keep inflation low and help the economy grow. We also supervise and regulate financial institutions to help safeguard our nation's financial system and protect the integrity and efficiency of our payments system.