Turnipseed Retires From Federal Reserve Bank
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i Boulé of New York City announces that Archon Carl W. Turnipseed retired in January 2013 as executive vice president and head of the Financial Services Group of the Federal Reserve Bank of New York and as a member of the bank’s management committee. During his forty-three-year career at the bank, Archon Turnipseed held management positions in a variety of areas, including accounting, information technology, payments and government-securities operations and foreign relations. “Carl’s contributions have been extraordinary and many. He has devoted his career at the bank toward achieving excellence in his responsibilities, promoting customer and community relationships and seeking out and nurturing individual talent,” said William C. Dudley, president and chief executive officer of the New York Fed. “Although Carl will be missed by the many colleagues and staff members who have benefited from his leadership and advice, the contributions he has made to the bank will continue to yield returns for many years to come.” Before becoming head of the Financial Services Group in 2000, Archon Turnipseed led the bank’s Buffalo branch. During his six years in Buffalo, he sat on numerous local boards connected with international trade, business and economic development and higher education. He also made valuable contributions in helping to address economic and financial issues in the Greater Buffalo business and civic communities. Prior to 1994, Archon Turnipseed was vice president in charge of personnel.
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Kudos and Commendations / The Boulé Journal 77•1 / Spring 2013
“This is indeed a bittersweet day for me as I prepare to take leave from this extraordinary institution . . . one that I served with great honor and pride,” said Archon Turnipseed. “As the first African American to run a branch office in the Federal Reserve System and the first African American to become an executive vice president and member of the management committee of the New York Fed, I have seen the system evolve, always for the better and always with a deep commitment to the public good at every level. It has been a profound privilege to have been a part of the New York Fed.” During his career at the Federal Reserve, Archon Turnipseed played a key role in the transformation of paper-based securities and checks to electronic substitutes. He also oversaw the expansion of International Treasury Services operations. Today the system delivers U.S. government cross-border payments to recipients in more than 200 countries in more than 100 foreign currencies. A graduate of Morgan State College, Archon Turnipseed earned his M.B.A. from New York University. He is also a graduate of the Executive Management Program at Columbia University and the Advanced Management Program at Harvard Business School. An active life member of Kappa Alpha Psi Fraternity and the NAACP, Archon Turnipseed, along with his Archousa, Joyce, has endowed a scholarship at Morgan State in honor of his parents. Archon Samuel J. Chisholm Grapter, Zeta Boulé