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9- Flow of Funds
Presentations
Presentations will be posted after the session
Speakers
John Silvia
Chief Economist
Wachovia Bank N.A.
Dr. John Silvia joined Wachovia in February 2002 as chief economist for the Bank. Previously, John worked on Capitol Hill as senior economist for the U.S. Senate Joint Economic Committee and chief economist for the U.S. Senate Banking, Housing and Urban Affairs Committee. Prior to that, he was chief economist of Kemper Funds and managing director of Scudder Kemper Investments, Inc. Before joining Kemper Funds, John worked for Harris Bank and taught economics at Indiana University.
John holds a B.A. and a Ph.D. degree in economics from Northeastern University in Boston and has a Master’s degree in economics from Brown University in Providence, RI.
John serves as a member of the Blue Chip Panel of Economic Forecasters and also serves on an informal advisory group for the Federal Reserve Bank of Philadelphia. He is a member of the Economic Advisory Committee at the American Bankers Association and is President of the Charlotte Economics Club. In the past, John has served on economic advisory committees to the Federal Reserve Bank of Cleveland, the Federal Reserve Bank of Chicago, and the Public Securities Association.
In addition, John is Treasurer and a member of the Board of Directors for The Second Harvest Food Bank of Metrolina, a Charlotte civic association. He is also a member of the Business Advisory Committee for the City of Charlotte and he serves on the President’s Council for Charlotte’s Central Piedmont Community College.
Susan Hume McIntosh
Board of Governors,
Federal Resereve System
Susan Hume McIntosh is a senior economist and special project coordinator for the Flow of Funds Section of the Division of Research and Statistics at the Board of Governors of the Federal Reserve System. She began working at the Federal Reserve in 1972 and has spent most of her career working on the flow of funds accounts. From 1979-1985 she was the assistant to Governor Charles Partee at the Federal Reserve.
She currently is responsible for coordinating the compilation of the flow of funds accounts each quarter and for coordinating all methodological changes to the accounts. In addition, she is involved in the preparation of the financial forecast for the FOMC. She is the U.S. delegate and vice chairman of the OECD working party on financial statistics. She has worked on several IMF projects, including the pilot project on financial soundness indicators. She worked with BEA on a joint project on “Integrated Macroeconomic Accounts for the United States” that was release in the fall of 2006. Recognized internationally as an expert on financial accounts, she recently made a presentation at the ECB Working Group on Monetary Union Financial Accounts this spring.
Ms. McIntosh received her MBA in finance and investments from The George Washington University and her BA from the College of William and Mary.
Robert T. McGee
Chief Economist
United States Trust Company NA
Tim McGee is Chief Economist at U.S. Trust. He is responsible for the economic forecast and other economic research with a focus on investment strategy. In addition, he serves on the Finance and Investment Strategy Committees.
Prior to joining U.S. Trust, Mr. McGee was a strategist and economist with UFJ and Tokai Banks. He is well known in Japan for his regular market column in the Nikkei Financial Daily. In 2000, Business Week magazine recognized him for making the most accurate forecast in its annual survey of economists. More recently, both Bloomberg and USA Today recognized him for outstanding forecasting accuracy. He has appeared on CNBC, Reuters, and Bloomberg TV and has often been quoted in various publications like the Wall Street Journal and Financial Times.
Mr. McGee began his career in the academic world teaching at Florida State University and New York University. He also spent three years at the New York Federal Reserve Bank and one year as a fellow at the Netherlands Institute for Advanced Studies. He has published numerous articles in academic journals.
Tim received his B.S. from the Georgia Institute of Technology and his M.A. and Ph.D. degrees from the University of Wisconsin. Some of his memberships include the American Economic Association, the National Association of Business Economics, The Forecasters Club of New York and the Money Marketeers. He currently serves as Chairman of the American Banker Association’s Economic Advisory Committee. In that capacity he will also serve on the ABA Government Relations Committee. Recently, he joined the New York City Economic Advisory Panel.
Charles Steindel
Senior Vice President
Federal Reserve Bank of New York
Charles Steindel is a Senior Vice President in the Macroeconomic and Monetary Studies Function. He oversees the Group's analysis and forecasts of U.S. economic conditions. His research interests include consumer spending and saving and productivity growth. He has served as president of the Money Marketeers of New York University and the Forecasters Club of New York. He received his bachelor's degree from Emory University and his Ph.D. from the Massachusetts Institute of Technology.
His fields of interest include: Chain weighting measuring gdp, Consumer behavior, Cycle capital spending balance sheet, Growth and Productivity, Inflation estimates productivity growth, Investment, Manufacturing, Private saving, Productivity growth, Saving, Saving economic growth, Stock market consumption, Tax rebate.
