Carl W. Turnipseed is Executive Vice President in charge of the Financial Services Group, Federal Reserve Bank of New York. In that capacity, Mr. Turnipseed heads the Bank's payments operations, including its Cash, Check, Electronic Payments, Securities and Gold services. He is also a member of the Bank's Management Committee and is the Chairman of the Bank's e-Business Steering Committee.

After graduating from Morgan State College, Mr. Turnipseed set out for a career at the Federal Reserve Bank of New York. Shortly after joining the Bank, he left to fulfill his ROTC commitment as a lieutenant in the U.S. Army. Upon his return to the Bank two years later, Mr. Turnipseed served in positions of increasing responsibility in a variety of areas including accounting, information technology, payments and securities operations and foreign relations. Prior to his current assignment, Mr. Turnipseed was Senior Vice President and Manager of the Buffalo Branch of the Federal Reserve Bank of New York where he served six years. He also served four years as the Vice President in charge of the Bank's Human Resources Function.

A native of Baltimore, MD, Mr. Turnipseed received his MBA degree from New York University. He graduated from the Executive Management Program at Columbia University and the Advanced Management Program at Harvard Business School. He is the recipient of numerous corporate, professional and community awards, including Banker of the Year by the Urban Bankers Coalition (UBC), a professional organization founded as a forum for minority bankers.

He has served on numerous boards connected with international trade, business and economic development, and higher education. He is a founding member of the Board of Directors of Classroom Inc., a program designed to teach middle and high school students critical thinking skills, using personal, computer-based business simulations. He is Chairman of the Advisory Board of the New York City Financial Services Partnership for Youth, an organization that identifies, trains and develops at-risk youth for jobs in financial services, and also serves on the board of the INROADS/New York City Affiliate.

Mr. Turnipseed is a life member of the Kappa Alpha Psi Fraternity, Inc., the NAACP and the Morgan State University Alumni Association. He is a member of the Morgan State University Hall of Fame. He is also a member of Sigma Pi Phi Fraternity and the National Association of Urban Bankers.

Mr. Turnipseed and his wife live in Rockland County New York. They have one daughter. He enjoys running and finished two New York City marathons.