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 FedNow^SM 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.