The Federal Reserve Bank of Boston has promoted Maureen Savage, a longtime bank officer, to the position of senior vice president, strategic bank services.
Savage has spent more than 20 years in the Boston Fed’s Supervision, Regulation & Credit group. She led local and Federal Reserve System initiatives in the regulatory reserves, discount window, payments system risk, and regulatory applications business lines, and contributed to the design, launch, and administration of a Boston-based System emergency liquidity facility during the 2008 financial crisis.
In her new role, Savage will oversee the human resources, strategy and risk, corporate affairs, and corporate communications departments.
The Boston Federal Reserve Bank serves the First Federal Reserve District, which includes all of New England except Fairfield County, Conn. Within the district, the Bank monitors local economic conditions to aid in the formulation of monetary policy, engages in outreach to promote economic growth and community revitalization, supervises banks and bank holding companies, and provides financial services to facilitate banking operations.
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