Stephanie Wallace is vice president responsible for the Reserves, Credit Risk Management, and Applications (RCA) unit within the Supervision, Regulation and Credit (SRC) department at the Federal Reserve Bank of Boston. In this role, Stephanie leads the RCA unit in its effort to promote financial stability and public confidence in the banking system. RCA works to integrate the discount window, counterparty credit risk, reserves management, payment system risk, and applications regulatory work into a single group. The discount window is available at all 12 Reserve Banks and lends money to depository institutions to help them manage liquidity risks. 

Stephanie joined the Bank in 1998 as a legal intern and was hired as a full-time employee later that year. During her tenure at the Bank, she has held positions of increasing responsibility and most recently served as assistant vice president and Discount Officer overseeing SRC’s credit risk management and applications functions. Stephanie has made extensive contributions to both local and Federal Reserve System discount window collateral eligibility and valuation initiatives and to the design and development of liquidity facilities, which are critical priorities for the Bank and the System.  

Stephanie holds a law degree from Quinnipiac University School of Law, a master of law in banking from Boston University School of Law, and a bachelor’s degree from University at Albany (SUNY).