Press Release
Kathryn S. Wylde to Join New York Fed Board of Directors
July 27, 2009

New York—Kathryn S. Wylde, president and chief executive officer of the Partnership for New York City, a nonprofit organization of the city’s business leaders, has been appointed to the board of directors of the Federal Reserve Bank of New York. Ms. Wylde was appointed for the unexpired portion of a three-year term ending December 31, 2010 as a class C director.

Ms. Wylde has been with the Partnership for New York City since 1982. From 1982 to 1996, she served as founding president and chief executive officer of the Housing Partnership Development Corporation. In that capacity, she was instrumental in the creation of a number of pioneering initiatives in affordable housing at the local, state and national levels. In 1996, Ms. Wylde became founding president and chief executive officer of the New York City Investment Fund, the Partnership’s economic development arm.

Prior to joining the Partnership, Ms. Wylde was the urban affairs officer at Anchor Savings Banks from 1979 to 1981 and spent 11 years from 1968 to 1979 in various positions at Lutheran Medical Center, where she helped lead the redevelopment of the federally designated poverty area of Sunset Park, Brooklyn.

Ms. Wylde is an internationally known expert in housing, economic development and urban policy and serves on a number of boards and advisory groups, including the Mayor’s Sustainability Advisory Board, NYC Economic Development Corporation, NYC Leadership Academy, the Research Alliance for NYC Public Schools, The Manhattan Institute, the Biomedical Research Alliance of New York, the Lutheran Medical Center and the Independent Judicial Election Qualification Commission for the First Judicial District. She has authored numerous articles and policy papers.

Ms. Wylde is a graduate of St. Olaf College in Northfield, Minnesota.

The board of directors of the Federal Reserve Bank of New York consists of nine members, three of whom are appointed by the Board of Governors of the Federal Reserve System as class C directors. The remaining six (three class A and three class B directors) are elected by member banks in the Second Federal Reserve District. Class A directors are drawn from the banking community. Class B & C directors are individuals chosen from professions outside the banking community and typically represent business, industry, agriculture, labor and consumers.

Contact:
Calvin A. Mitchell III
(212) 720-6136
(646) 720-6136
calvin.mitchell@ny.frb.org