Kenneth C. Montgomery is the first vice president and chief operating officer at the Federal Reserve Bank of Boston. Together with the Bank president, Montgomery leads the strategic direction and effective management of the Reserve Bank’s regional and national responsibilities.
In a national capacity, Montgomery is leading the Federal Reserve System’s FedNowSM Service to support faster payments in the United States with interbank real-time gross settlement and integrated clearing. This initiative is part of the Federal Reserve’s ongoing, collaborative efforts to enhance the speed, safety, and efficiency of the U.S. payment system.
Montgomery also directs financial management strategies and operations for the Federal Reserve System’s Financial Support Office. He serves on the Enterprise Payments Committee, the Committee on Spending Stewardship, and several other governance and advisory committees. He is a former chair and current member of the Federal Reserve’s Conference of First Vice Presidents.
Prior to joining the Boston Fed in 2011, Montgomery was executive vice president and Federal Reserve System chief technology officer based out of the Federal Reserve Bank of Richmond. In this role, he presided over a broad swath of information technology functions that guide and support technology groups at Regional Banks across the Federal Reserve System. His responsibilities included business consulting, technology and strategic planning and standards development, information security policy and risk management, high-intensity solutions engineering, and overall national program management. Montgomery’s Fed career began at the New York Fed in 1983.
Montgomery, originally from Kearny, New Jersey, received a bachelor’s degree from Seton Hall University and M.B.A. from Fairleigh Dickinson University.
He serves as chair of the Boston Private Industry Council—Boston’s Workforce Development Board; is an executive committee member of the Boston Municipal Research Bureau, and the Greater Boston Chamber of Commerce. He serves as vice chairman of the Advanced Cyber Security Center, a nonprofit consortium made up of industry, university, and government organizations, and is a member of the Massachusetts Cyber Security Council.
Federal Reserve Bank of Boston
First Vice President & Chief Operating Officer, Jan. 2011-
Federal Reserve System Information Technology (Federal Reserve Bank of Richmond)
Executive Vice President & Chief Technology Officer, Feb. 2010-Dec. 2010
Deputy Director & Chief Technology Officer, 2000-2010
Senior Vice President & Division Director of Technical Services, 1999-2000
Vice President & Division Director of Technical Services, 1997-1999
Vice President of Technical Services, 1994-1997
Assistant Vice President, 1992-1994
Federal Reserve Bank of New York
Manager, Contingency Operations and Quality Assurance, 1990-1992
Chief, Quality Assurance Division, 1988-1990
Chief, Switching Services Division, 1986-1988
Chief, Analytical Computer Division, 1984-1986
Assistant Chief, Analytical Computer Division, 1983-1984
Senior Systems Representative and Project Leader, 1981-1983
B.S., Seton Hall University, 1981
MBA, Fairleigh Dickinson University, 1989
Chair, Boston Private Industry Council
Vice-Chair, Advanced Cyber Security Center
Director and Member, Boston Municipal Research Bureau Executive Committee
Director and Member, Greater Boston Chamber of Commerce Executive Committee