Christine Gaffney has been named senior vice president of the Treasury Services division for the Federal Reserve Bank of Minneapolis.
In this role, Gaffney will oversee the Bank’s Treasury operations, advance completion of the Treasury Retail Investment Manager (TRIM) program, and maintain strong relationships with partners at the U.S. Treasury and Federal Reserve Board of Governors.
Treasury Services supports the U.S. Treasury’s engagement with the public through a call center, fulfillment center, and claims processing area. This division also provides technology support for Treasury systems, which have seen the customer base grow from 800,000 to almost 6 million.
“We are fortunate and gratified to have exceptional talent in the Bank to assume leadership of Treasury Services, which is now our largest division,” said Neel Kashkari, Bank president and CEO. “Christine has strong track records of leadership and operational excellence that are vital to supporting the Bank’s mission.”
Gaffney joined the Bank in 2001, advancing to senior vice president for Supervision, Regulation, and Credit in 2017. In addition to directing bank supervision activities, she led the Federal Reserve System’s Paycheck Protection Program Liquidity Facility, which was one of the most critical government responses to the pandemic-induced economic crisis. She has also led the Bank’s expanded work supporting the Board of Governors’ stress testing program for banks.
Gaffney has a Bachelor of Arts from the University of Jamestown in North Dakota. She steps into a vacancy left by the retirement of Sharon T. Hill. The effective date of her new role is April 16. The Bank has launched a search for a senior vice president of Supervision, Regulation, and Credit.
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