Michael East
About Michael East
Michael East serves as the Senior Vice President and Head of Cash & Custody at the Federal Reserve Bank of New York, overseeing the distribution of U.S. Dollar currency and managing global currency programs. He has a background in electrical engineering and an MBA from Harvard Business School, and previously held the position of SVP and Chief Operating Officer at the same institution.
Current Role at Federal Reserve Bank of New York
Michael East serves as the Senior Vice President and Head of Cash & Custody at the Federal Reserve Bank of New York. He has held this position since 2023. In this role, he oversees the distribution of U.S. Dollar currency to the Second District, which encompasses Puerto Rico and the U.S. Virgin Islands. His responsibilities include managing Global Currency Programs & Services and Gold Safekeeping Operations for the Federal Reserve System.
Previous Experience at Federal Reserve Bank of New York
Prior to his current role, Michael East worked at the Federal Reserve Bank of New York as Senior Vice President and Chief Operating Officer of the Corporate Group from 2016 to 2023. During his seven years in this position, he contributed to various operational initiatives within the bank, enhancing its overall efficiency and effectiveness in financial services.
Educational Background
Michael East studied at the United States Military Academy at West Point, where he earned a Bachelor of Science degree in Electrical Engineering. He furthered his education at Harvard Business School, obtaining an MBA with a focus on General Management and Finance. This educational foundation supports his expertise in financial operations and management.
Expertise in Currency Management
In his current role, Michael East manages critical operations related to currency distribution and gold safekeeping. His expertise includes overseeing the Global Currency Programs & Services, which are essential for maintaining the integrity and availability of U.S. currency. His leadership in these areas ensures that the Federal Reserve System effectively meets the currency needs of the regions it serves.