Changing Hats

Changing Hats

US Fed goes shopping for supervisors

WASHINGTON, DC - The US Federal Reserve has embarked on a modest hiring spree for its banking supervisory arm, marking a step change following a lengthy period of stability in staffing levels. The trend looks set to continue, in response to the ailing economy, supervisory overhaul and changes to the banking sector brought on by the financial crisis. The headcount at the Fed's supervision and regulation arm rose from 2,674 last year to 2,876 in 2009, despite a