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Paul P. Mello and Terry J. Lundgren reelected to New York Fed Board of Directors; Emily K. Rafferty reappointed to New York Fed Board of Directors

NEW YORK, NY (January 21, 2015) — The Federal Reserve Bank of New York has announced that Paul P. Mello and Terry J. Lundgren have been reelected, and Emily K. Rafferty has been reappointment reappointed to the New York Fed’s board of directors.

Paul P. Mello, president and chief executive officer of Solvay Bank, has been reelected a Class A director representing Group 3 which consists of banks with capital and surplus of less than $30 million.  Mr. Mello will serve a three-year term ending December 31, 2017.

Terry J. Lundgren, chairman and chief executive officer of Macy’s Inc., has been reelected a Class B director representing Group 3 which consists of banks with capital and surplus of less than $30 million.  Mr. Lundgren will serve a three-year term ending December 31, 2017.

Emily K. Rafferty, president of the Metropolitan Museum of Art, has been reappointed a Class C director.  Ms. Rafferty will serve a three-year term ending December 31, 2017.  Ms. Rafferty is also chair of the New York Fed’s board of directors for 2015.

Below are links to the respective press releases:


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