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Payments System Policy Advisory Committee

The Board of Governors of the Federal Reserve System established the Payments System Policy Advisory Committee in July 1986 to advise the Board on a range of issues, including risk management issues, primarily in wholesale payment and settlement systems, and the relationship between wholesale payment systems and financial markets. On April 19, 2006, the duties of the Payments System Policy Advisory Committee were expanded to encompass the responsibilities and activities of the Payments System Development Committee, which was formed to advise on medium- and long-term public policy issues surrounding innovation in the retail payments system. The expanded Payments System Policy Advisory Committee will provide the Board with a coordinated view of developments in both wholesale and retail payments at a time of significant overall change in the U.S. payments system and will help coordinate Federal Reserve work involving domestic and international payments and settlement systems. (Press release)

Donald L. Kohn (chair), Vice Chairman, Board of Governors of the Federal Reserve System
Daniel K. Tarullo, Governor, Board of Governors of the Federal Reserve System
Kevin M. Warsh, Governor, Board of Governors of the Federal Reserve System
William C. Dudley, President, Federal Reserve Bank of New York
Eric S. Rosengren, President, Federal Reserve Bank of Boston
Sandra Pianalto, President, Federal Reserve Bank of Cleveland
Patrick K. Barron, First Vice President, Federal Reserve Bank of Atlanta