For Immediate Release: December 17, 2009
Michael Johnson has been named to lead the banking supervision and regulation division at the Federal Reserve Bank of Atlanta, according to Dennis P. Lockhart, president and chief executive officer of the Atlanta Fed. Lockhart also announced that Richard Oliver, executive vice president, will take responsibility for the Bank's Retail Payments Risk Forum. Andre Anderson is being promoted to senior vice president and moving to head the Bank's corporate engagement division. Clifford Stanford, assistant vice president, will move to bank supervision and regulation, and Richard Gilbert has been named an assistant vice president in bank supervision and regulation. Johnson, Oliver, Stanford and Gilbert will assume their new responsibilities on Jan. 1, 2010. Anderson will begin his new responsibilities on March 1, 2010.
In his new role, Johnson will oversee supervision of state member banks, bank and financial holding companies and their nonbank subsidiaries, and U.S. branches and agencies of foreign banking organizations in the Sixth Federal Reserve District. He will also serve on the Bank's management committee. Johnson replaces Bill Estes, who retired as head of bank supervision earlier this year. Johnson comes to the Atlanta Fed from the Federal Reserve Bank of San Francisco, where he was vice president and managing director of the large institutions banking group in the supervision and regulation division. Johnson was promoted to that position in 2004. From 2002 to 2004, he served as director of the risk monitoring and analysis group at the San Francisco Fed. Prior to that, Johnson served from 1995 to 2002 as an assistant vice president with oversight responsibilities for a variety of functions in bank supervision in San Francisco. From 1985 to 1995, he worked in bank supervision at the Federal Reserve Bank of Dallas. He holds a bachelor's degree in economics and a bachelor's of business administration degree in finance, both from the University of Texas at Austin.
Oliver will lead the Bank's Retail Payments Risk Forum, which provides research and facilitates dialogue and collaboration among industry participants, regulators and law enforcement to improve the detection and mitigation of emerging risks and fraud in retail payments systems. In addition, Oliver will have responsibility for the Fed's triannual retail payments research study, will continue to have a public role as a speaker for the Federal Reserve System on payments issues, and will provide leadership support for special System assignments. Oliver previously served as executive vice president and manager of the Federal Reserve's Retail Payments Office, which is based at the Atlanta Fed. Over his 36-year career, Oliver has served in a variety of senior-level positions, primarily focused on financial payments and automation operations, at both the Reserve Bank and Federal Reserve System levels. Oliver received a bachelor's degree in math from the University of Nevada, a master's degree in information and computer sciences from the Georgia Institute of Technology, and an MBA in management from Georgia State University.
In his new role, Anderson will head the Bank's corporate engagement division, which includes the public affairs, human resources and corporate secretary departments. He will also serve on the Bank's management committee. Most recently, Anderson served as vice president of the Atlanta Fed's community bank supervision function. Anderson joined the Atlanta Fed's Birmingham Branch in 1984 after serving as an assistant national bank examiner for the Office of the Comptroller of the Currency. Anderson was promoted to assistant vice president at Birmingham in 1993, assistant branch manager in 1995, and branch manager in 1996. In 2002, he became vice president over consumer and community affairs in supervision and regulation at the Atlanta Fed. He subsequently served as the senior officer with responsibility for applications, professional development and administration. He holds a bachelor's degree in corporate finance from the University of Alabama.
Stanford, an assistant vice president, joins the Bank's supervision and regulation division from the Atlanta Fed's Retail Payments Risk Forum, where since 2008 he has served as its original director. Stanford joined the Bank in 1996 as an assistant counsel in the legal department. He was promoted to assistant general counsel in 2004. Stanford joined the Bank's human resources department as an assistant vice president in 2006. Stanford holds a bachelor's degree in history from Emory University and a juris doctorate from Georgia State University.
Gilbert has been named an assistant vice president in large bank supervision at the Atlanta Fed. He joins the Bank from the Federal Reserve Bank of Richmond, where he most recently served on the eligible asset guarantee team. He was a central point of contact in the Richmond Fed's headquarters and Baltimore offices from 2003 to 2008. From 1994 to 2003, he served in positions in auditing and bank supervision at the Federal Reserve Bank of Philadelphia. He holds a bachelor's degree in accounting from the University of Delaware and a master's degree in business administration from Drexel University.
The Federal Reserve Bank of Atlanta serves the Sixth Federal Reserve District, which encompasses Alabama, Florida, Georgia and sections of Louisiana, Mississippi and Tennessee. As part of the nation's central banking system, the Atlanta Fed participates in setting national monetary policy, supervises numerous commercial banks and provides a variety of financial services to depository institutions and the U.S. government.