The financial crisis provided a stark example of how interconnected the financial system is. Since then, researchers have developed ways to monitor patterns of connectedness within the banking system. One new measure filters common factors from bank stock market data. Estimates using this method show how different assumptions can affect conclusions about the connections among banks.
Gary Longoria, an IT business analyst and Scrum Master, has won employee awards for his ability to engage colleagues and excel in his work. He started at the San Francisco Fed as an intern and also used to be a competitive yo-yo champion. Read about his non-traditional path into internet technology.
We like to say we work for the Fed, not at the Fed. That’s because the SF Fed is not just another employer or government agency. Here, you have the opportunity to become part of an important public service institution whose work touches lives across the globe.