For immediate release
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Philadelphia, Pa. - Michael E. Collins, executive vice president and lending officer, Federal Reserve Bank of Philadelphia, has been appointed to the American Bankers Association's Stonier National Graduate School of Banking Advisory Board.
The American Bankers Association (ABA) is the nation's largest bank trade association. Stonier offers an intensive three-year program for bank executives.
"I am honored to be representing our Bank, region, and industry as a board member of ABA's Stonier National Graduate School. I look forward to my role of maintaining a challenging and innovative curriculum that addresses the critical skills and knowledge areas for senior bankers and regulators," said Collins, who is a graduate of Stonier.
At the Bank, Collins oversees the discount window, which provides loans to eligible depository financial institutions that face liquidity shortages, and leads the credit risk function, which provides account support for financial institutions. He also oversees the examination staff responsible for safety and soundness and consumer protection. Collins began his career in the Supervision, Regulation and Credit Department as an assistant examiner in 1974. He has also been a consultant for the Central Bank of Trinidad and Tobago.
Collins has a bachelor's degree in economics and marketing from Susquehanna University. He is also a graduate of the University of Virginia's Graduate School of Retail Bank Management. In 2003, he completed the Advanced Management Program at Harvard Business School.
The Federal Reserve Bank of Philadelphia helps formulate and implement monetary policy, supervises banks and bank holding companies, and provides financial services to depository institutions and the federal government. It is one of the 12 regional Reserve Banks that, together with the Board of Governors in Washington, D.C., make up the Federal Reserve System, the nation's central bank. The Philadelphia Federal Reserve Bank serves eastern Pennsylvania, southern New Jersey, and Delaware.