Sandra C. Krieger is executive vice president and head of the Payments Policy and Credit Risk Management Group at the Federal Reserve Bank of New York. She also is a member of the Bank's Management Committee.

Ms. Krieger was senior vice president and the head of two Functions: the Payments Policy Function (PPF) and the Administration Office for the Subcommittee on Credit Risk Management (SAO) between June 2007 and June 2008.

PPF’s mandate is to provide analysis of key payments system issues confronting the Bank and the Federal Reserve System and to collaborate with major Bank business lines to coordinate the development of payments policy positions for the Bank. Ms. Krieger assumed responsibility as head of PPF in June 2007, but has been a member of PPF since the Function was formed in 2004. 

The SAO’s mandate is to provide support for the Subcommittee on Credit Risk Management, the mission of which is to influence payment system risk, discount window and condition monitoring policies and to promote consistency, coordination and communication across Reserve Banks with respect to the provision of short-term liquidity. Ms. Krieger assumed responsibility for establishing and leading the SAO at the Bank in January 2007.  She also assumed the responsibility of the chair of SCRM at that time.   

Ms. Krieger was a senior vice president in the payment studies function in the Research and Market Analysis Group between July 2002 and May 2004. Between 1985 and 2002, she was involved in domestic reserves management, with responsibilities for the management of domestic open market trading, market analysis and discount window operations in the Bank. 

Ms. Krieger joined the Bank in 1981 as an economist in monetary research. 

Ms. Krieger holds a bachelor's degree in mathematical economics from Wesleyan University and a Ph.D. in economics from the University of California.

August 2008