Christine M. Cumming has been named the first vice president of the Federal Reserve Bank of New York.
Ms. Cumming, 51, co-chaired the Basel Committee on Banking Supervision's risk management group from 1997 to 1999. She has worked at the New York Fed for 24 years, the last four as an executive vice president and the director of research, the bank said Monday.
She succeeded Jamie B. Stewart Jr., who resigned from the Fed on Jan. 30. to become the president and chief executive of the Federal Farm Credit Banks Funding Corp.
