James J. McAndrews is an executive vice president and co-head of the Research and Statistics Group at the Federal Reserve Bank of New York.

Mr. McAndrews serves as director of Financial Research and is a member of the Bank’s Management Committee. He had been a senior vice president in the Money and Payments Studies function since June 2007 and associate director of the Research and Statistics Group since January 2009.

Mr. McAndrews joined the Bank as a senior economist in 1997 after having served as a senior economist and research advisor at the Federal Reserve Bank of Philadelphia. He was named an officer of the New York Fed in June 1998 and was assigned to the Payment Studies function. He was promoted to assistant vice president in June 2000 and to vice president in December 2001, both in the same area.

Mr. McAndrews’ research interest includes the economics of money and payments, monetary policy implementation, and the liquidity of markets. He has analyzed and provided advice on many policy issues related to those areas for the Federal Reserve. He has published articles in the Journal of Monetary Economics, the Review of Economics and Statistics, the Journal of Money, Credit and Banking, the International Journal of Industrial Organization, the Journal of Financial Intermediation, Information Systems Research, and other academic journals as well as in numerous Federal Reserve publications.

He has served as a consulting economist to the Bank of Japan, Bank of England, Reserve Bank of Australia, the Swedish Riksbank and the World Bank.

He holds a bachelor’s degree and a doctorate in economics from the University of Iowa.

March 2010