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the Richmond Fed

May 19, 2020

Richmond Fed Announces Officer Appointments

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

Tarlton Brewer and Erin Payne have been appointed assistant vice presidents in the Currency Technology Office in support of the Federal Reserve’s program to transition to the next generation of high-speed currency processing. The appointments were effective May 1.

Brewer will be responsible for the Systems Integration function of the CTO, which provides technical services to the U.S. Treasury, Secret Service and cash processing operations in the Federal Reserve System.

Brewer joined the Richmond Fed in 2003. He earned a bachelor’s degree in mechanical engineering from Virginia Tech and has master’s degrees from the University of Virginia and Virginia Commonwealth University in engineering and business administration, respectively.

Payne will lead the Program Management Oversight team for the currency processing transition program. She has helped plan strategy, program management, planning and execution efforts for the project.

Payne joined the Richmond Fed in 2016. She previously worked as an engineer, systems integrator, business analyst and project manager in the defense, intelligence and aerospace industries. She earned a bachelor’s degree in electrical engineering and master’s degree in systems engineering from the University of Virginia.

Margaret Vadas has been appointed an assistant vice president in the Business Continuity department. She joined the Fed in 2007 in the Supervision, Regulation and Credit department, and later worked in several human resources roles before her most recent position as a business advisor and special assistant to the chief operating officer.

Vadas previously worked for Google and UPS Freight. She earned a bachelor’s degree in psychology from Virginia Commonwealth University and a master’s degree in industrial/organizational psychology from City University of New York. Her appointment was effective May 16.


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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