Sushmita Shukla becomes first VP, COO of Federal Reserve Bank of New York

Sushmita Shukla becomes first VP, COO of Federal Reserve Bank of New York: Sushmita Shukla, an Indian-origin veteran of the insurance industry, has been appointed as First Vice President and Chief Operating Officer at the Federal Reserve Bank of New York, making her the second-ranking officer at the prominent institution. The appointment was approved by the Board of Governors of the Federal Reserve System, the New York Fed said in a statement Thursday.

December 2022 Current Affairs Quiz

Her appointment was approved by the Board of Governors of the Federal Reserve System. It is one of 12 regional Reserve Banks which, together with the Board of Governors in Washington, DC, make up the Federal Reserve System. It is the largest Reserve Bank in terms of assets and volume of activity.