Lorie Logan Wikipedia has piqued the interest of many after she succeeded Robert Kaplan as the new President of Dallas Federal Bank.
The Dallas Federal Reserve has named Lorie K Logan a new president to replace the one who resigned last year amid a stock trading scandal.
Lorie will lead the central bank branch. She is well-known among central bank watchers, as she is currently the head of the New York Fed’s pivotal trading desk.
Dallas Fed Bank New CEO Wikipedia-Who Is Lorie Logan?
Lorie Logan Wikipedia has become a top priority now as she is announced to become the new president of Dallas Federal Bank.
According to her Linkedin profile, she was Federal Reserve SOMA Manager and Executive Vice President at Federal Reserve Bank of NY.
Moreover, Lorie graduated from Davidson College with a bachelor’s degree in political science and Columbia University with a master’s degree in public administration.
Ms. Logan’s responsibilities include carrying out the FOMC’s monetary policy directives and providing fiscal agent services to the US Treasury Department in debt issuance and foreign exchange operations.
Furthermore, the work profile includes producing the New York Fed’s reference rates, including the Secured Overnight Financing Rate (SOFR).
Lorie also serves as the senior New York Fed representative on several public-private sector committees that promote industry best practices and are sponsored by the New York Fed.
Lorie Logan Net Worth And Salary.
Lorie Logan net worth is estimated at $5 million. She might receive a salary in the range of $18,255 to $486,004, with a median salary of $89,402.
Bank Presidents in the US earn between $89,403 and $221,305, with the top 86 percent earning $486,004.
Logan’s official title is the System Open Market Account manager, which means she is in charge of the Federal Reserve’s massive $9 trillion bond and other asset balance sheets.
Logan will begin her new responsibilities with Dallas Federal Bank on August 22. She is the vice president of the New York Fed and running the SOMA operation.
She’s no stranger to the Federal Open Market Committee, which sets interest rates. Logan is also a representative of the Federal Reserve at the Bank for International Settlements.
Logan joined the New York Fed’s Policy and Analysis division in Bank Supervision in June 1999.
She joined the Markets Group in 2000 and has held various leadership positions there, including Chief of Staff and co-head of MOMA. Logan has been the director of MOMA since 2014 and the director of SOMA since 2019.