The board of directors of the Federal Reserve Bank of Minneapolis has appointed Matt Nankivel as assistant vice president, effective Dec. 1. Nankivel will report to Brendan Murrin, vice president of Supervision, Regulation, and Credit (SRC).

In this new role, Nankivel will lead the Federal Reserve System’s Bank Examinations Tailored for Risk (BETR) Program. This program directs bank examination resources to the community and regional banks that pose higher risk, while reducing supervisory burden on low-risk institutions.

“Matt has been instrumental in advancing BETR, and this new position is a recognition of his outstanding leadership and singular contributions to this program,” said Murrin. “Matt has experience supervising banks of all sizes, has successfully managed a team of risk specialists, and contributed to many System programs and projects.”

Nankivel started at the Minneapolis Fed in 2006 as an assistant examiner in the supervision function, where he progressed to managing director. Nankivel has a B.A. from Mayville State University in North Dakota and an MBA from the University of North Dakota.

The Federal Reserve Bank of Minneapolis is one of 12 regional Reserve Banks that, with the Board of Governors in Washington, D.C., make up the Federal Reserve System, the nation’s central bank. The Federal Reserve Bank of Minneapolis is responsible for the Ninth Federal Reserve District, which includes Montana, North and South Dakota, Minnesota, northwestern Wisconsin, and the Upper Peninsula of Michigan. The Federal Reserve Bank of Minneapolis participates in setting national monetary policy, supervises numerous banking organizations, and provides a variety of payments services to financial institutions and the U.S. government.