William L. Rutledge is executive vice president in charge of the Bank Supervision Group and a member of the Bank’s Management Committee. Mr. Rutledge was a member of the Basel Committee on Banking Supervision from 1999 through 2004.

Since September 2007, Mr. Rutledge has been chairman of the Senior Supervisors Group—a set of supervisors from six countries, that has issued reports on "Observations on Risk Management Practices during the Recent Market Turbulence" and "Leading Practice Disclosures for Selected Exposures."

The Bank Supervision Group is responsible for supervising and regulating all state member banks, financial holding companies and other bank holding companies and foreign banks operating within the Second Federal Reserve District. It is also heavily involved in the development of supervisory policies and procedures both domestically and internationally and processes applications by banking organizations to expand their activities.

Prior to being named head of Bank Supervision at year-end 1999, Mr. Rutledge had been senior vice president since 1992. He has had a wide range of management responsibilities for various areas throughout Bank Supervision, including Financial Examinations, Banking Applications, Specialized Examinations, Compliance Examinations, Supervision Support, Community Affairs and the Foreign Banking Organization Supervision program.

Mr. Rutledge joined the New York Fed in 1974 as an economist in the Banking Studies Department. In 1976, he was named chief in the Domestic Banking Applications area. He was appointed an officer with the title of manager in 1978 and was assigned to the Domestic Banking Applications Department. He was named assistant vice president in 1983, and was promoted to vice president in 1985.

Mr. Rutledge has a bachelor’s degree in economics from Clark University in Worcester, Massachusetts, and a master’s in economics from Yale University.

June 2008