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the Richmond Fed

Feb. 20, 2019

Richmond Fed Announces New Officers

The Federal Reserve Bank of Richmond announced the following officer appointments:

Fred Shuford has been named an assistant vice president, with responsibility for engineering services in the Currency Technology Office, which supports currency-processing equipment for the Federal Reserve System.

Shuford joined the Richmond Fed in 2009 as a manager in the CTO and was promoted to senior manager in 2011. He previously worked as a research scientist and quality coordinator for Altria Client Services.

Shuford earned a bachelor’s degree in zoology from Howard University, a master’s of teaching from the University of Richmond and an MBA from Virginia Commonwealth University.

Nicole Bennett has been appointed an assistant vice president, with responsibility for leading the Currency Technology Office team developing and executing the strategy supporting the Federal Reserve System’s future currency-processing equipment.

Bennett joined the Federal Reserve in 1998 at the Minneapolis Fed and has held a number of management positions there and in the Fed’s National IT operation. Before joining the Fed, she worked in economic development for the city of Chula Vista, California.

Bennett earned a bachelor’s degree in economics and political science from the University of Iowa and a master’s degree in planning from the University of Minnesota-Twin Cities.

Aaron Moody has been named an assistant vice president, with responsibility for Cash Services operations in Richmond and Baltimore.

Moody joined the Richmond Fed in 2010 and has held management positions in the Currency Technology Office. He previously worked as a lead process and design engineer for Filtrona.

Moody earned a bachelor’s degree in electrical engineering from Virginia Commonwealth University and a master’s degree in engineering management from the University of Tennessee at Chattanooga.


As part of our nation’s central bank, the Richmond Fed is one of 12 regional Reserve Banks working together with the Board of Governors to support a healthy economy and deliver on our mission to foster economic stability and strength. We connect with community and business leaders across the Fifth Federal Reserve District—including the Carolinas, District of Columbia, Maryland, Virginia, and most of West Virginia—to monitor economic conditions, address issues facing our communities, and share this information with monetary and financial policymakers. We also work with banks to ensure they are operating safely and soundly, supply financial institutions with currency that’s fit for distribution, and provide a safe and efficient way to transfer funds through our nation’s payments system.

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