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Federal Reserve Completes Banking Supervision Reorganization on June 25, Creating Four Functional Groups

2026-06-24 18:15:04

According to Jin10, on June 25, Federal Reserve Vice Chair Michele Bowman completed a reorganization of the central bank's banking supervision department, effective July 12. The restructuring will redistribute personnel and resources across four functional groups: Supervision; Financial Research, Risk and Application; Regulation and Policy; and Business Enablement. Bowman stated in a staff memo that the reorganization aims to refocus on major financial risks while enhancing effectiveness, efficiency, fairness, transparency, and public accountability in the Fed's banking supervision work. The department plans to recruit leadership and staff positions to support the new structure.

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