Thomas A. Durkin was Senior Economist in the Division of Research and Statistics at the Federal Reserve Board, where he has also been Visiting Professor. From 1988 to 1998 he was Regulatory Planning and Review Director in the Federal Reserve Office of the Secretary. Since retiring from the Federal Reserve, he has been engaged in a variety of writing projects concerning consumer financial services. He has also been Assistant and Associate Professor of Finance at Penn State University and Chief Economist and Director of Research of the American Financial
Services Association. He holds an A.B. degree from Georgetown University and a Ph.D. degree from Columbia University.