Matthew McCormick
Federal Reserve Bank of Dallas
Matthew McCormick is a financial sector advisor in Banking Supervision at the Federal Reserve Bank of Dallas, where he monitors financial conditions across a variety of markets.
McCormick began his career as an economist at the Bureau of Economic Analysis, where he helped develop the agency’s first metropolitan area GDP estimates, for which he was awarded the Commerce Department’s gold medal award. He also produced the state-level GDP estimates for several industries. He joined the Federal Housing Finance Agency soon after its creation, where he analyzed the private-label mortgage-backed securities holdings of the Federal Home Loan Banks and worked on other bank supervision special topics. Most recently, he was a senior economist at the Office of Financial Research, where he led the agency’s coverage of short-term funding markets and authored the agency’s first data collection rule, covering cleared repo markets.
McCormick earned a BA from Northwestern University in Illinois and an MA from George Mason University in Virginia.
Publications
- “The Cleared Bilateral Repo Market and Proposed Repo Benchmark Rates,” with David Bowman, Joshua Louria, and Mary-Frances Styczynski, FEDS Notes, February 2017.
- “Gross Domestic Product by Metropolitan Area: Accelerated Statistics for 2008, New Statistics for 2007, and Revised Statistics for 2005-2006,” with Sharon Panek and Ralph Rodriguez, Survey of Current Business, October 2009.
- “Introducing New Measures of the Metropolitan Economy: Prototype GDP-by-Metropolitan-Area Estimates for 2001-2005,” with Frank Baumgardner and Sharon Panek, Survey of Current Business, November 2007.
Dallas Fed Publications
- “Costs of Oil Price Exchange-Traded Funds Diminish Usefulness,” Economic Letter, vol. 12, no. 5, April 2017.
- “Speculation in Commodity Futures Markets, Inventories and the Price of Crude Oil,” Federal Reserve Bank of Dallas Occasional Paper No. 16-3, September 2016.