This database was last updated in October 2019 and should only be used as a historical snapshot. There may be new information that is not included here.
Marvin Goodfriend Nomination or Appointment Failed
Governor | Financial Disclosure »
Bio, via White House:
Mr. Goodfriend is the Friends of Allan Meltzer Professor of Economics at Carnegie Mellon University’s Tepper School of Business. He worked for the Federal Reserve Bank of Richmond 1978-2005 where he was director of research and policy advisor from 1993-2005. He served as visiting economist at the Federal Reserve Board 1982-3, senior staff economist for President Reagan’s Council of Economic Advisors 1984-5, and visiting professor at the University of Chicago 1988-1990. He has evaluated research and policy advice at the invitation of numerous European central banks. He is an honorary advisor at the Bank of Japan, served on the Federal Reserve Bank of New York’s Economic Advisory and Monetary Policy Panels, is a member of the Shadow Open Market Committee, and a research associate of the National Bureau of Economic Research.
Former Positions Outside Government
- Bank of Japan, Institute for Monetary and Economic Studies Honorary Advisor to the Institute for Monetary and Economic Studies, Bank of Japan (Assist the Institute of Monetary and Economic Studies at the Bank of Japan in arranging annual international conferences on monetary policy and related matters; present keynote speeches at conferences; moderate policy panels at conferences.)
- Carnegie Mellon University, Tepper School of Business Professor of Economics, The Friends of Allan Meltzer Professorship (I have been a Professor of Economics at Carnegie Mellon's Tepper School of Business since 2005; I have held The Friends of Allan Meltzer Chaired Professorship since October 2012.)
- Carnegie Rochester NYU Conference Series on Public Policy Co-Editor (The Carnegie Rochester NYU Conference Series on Public Policy hosts two conferences each year to focus academic research on public policy issues, usually involving macroeconomics and related issues. The conferences are organized by the Advisory Board led by two Co-editors who also help prepare the papers and discussant comments for post-conference publication.)
- Federal Reserve Bank of New York Member of the Economic Advisory Panel
- National Bureau of Economic Research Research Associate, Program on Monetary Economics
- Shadow Open Market Committee Member (The Shadow Open Market Committee assesses Federal Reserve monetary policy and provides advice and recommendations on monetary policy and related policy matters)
- Swedish Riksdag, Committee on Finance Commissioned to Prepare an External Review of the Riksbank and Swedish Monetary Policy (Commissioned by the Swedish Riksdag, with Mervyn King (Governor of the Bank of England 2003- 2013), to undertake an External Review of the Riksbank and Swedish Monetary Policy; published 144 page "Review of the Riskbank's Monetary Policy 2010-2015," on website of the Swedish Riksdag, January 2016.)
Former Compensation Sources
- Bank of Japan, Institute for Monetary and Economic Studies Advisor, conference speaker, panel moderator
- Carnegie Mellon University, Tepper School of Business Professor of Economics
- Swedish Riksdag, Committee on Finance External review of Riksbank monetary policy 2010-2014
Employment Assets
| Description | Value | Income |
|---|---|---|
| Bank of Japan, Institute for Monetary and Economic Studies | $26,888 | |
| Traditional IRA: U.S. bank money market account #1 (cash) | $15,001 - $50,000 | None (or less than $201) |
| SEP-IRA: Vanguard Prime Money Market Fund | $100,001 - $250,000 | $1,001 - $2,500 |
| CREF Money Market | $100,001 - $250,000 | $1,001 - $2,500 |
| Vanguard Federal Money Market Fund | $250,001 - $500,000 | $1,001 - $2,500 |
| Honorarium from Handelsbanken, Oslo, Norway for presentation on U.S. Economic and Finanicial Conditions - March 3, 2017 | $5,000 | |
| Carnegie Mellon University, Tepper School of Business | $264,408 |
Other Income/Assets
| Description | Value | Income |
|---|---|---|
| Vanguard Prime Money Market | $1,000,001 - $5,000,000 | $5,001 - $15,000 |
| U.S. bank cash account #2 | $50,001 - $100,000 | $201 - $1,000 |
| Ameren Corp | $1,001 - $15,000 | None (or less than $201) |
| Frontier Communications Corp | None (or less than $1,001) | $201 - $1,000 |
| Kinder Morgan Inc | $15,001 - $50,000 | $201 - $1,000 |
| Penn Real Estate Investment Trust | $1,001 - $15,000 | $201 - $1,000 |
| Verizon Communications Inc | $1,001 - $15,000 | None (or less than $201) |
| Vodafone Group Plc - American Depositary Shares each representing ten Ordinary Shares | $1,001 - $15,000 | None (or less than $201) |
| Weyerhaeuser Co | $1,001 - $15,000 | $201 - $1,000 |
| AB Income Fund | $1,001 - $15,000 | $201 - $1,000 |
| Morgan Stanley US Govt Secs TR SH BEN INT CL USGDX | $1,001 - $15,000 | $201 - $1,000 |
| Aberdeen Asia Pacific Income Fund | $1,001 - $15,000 | $201 - $1,000 |
| Aberdeen Australia Equity Fund | $1,001 - $15,000 | $201 - $1,000 |
| DNP Select Income Fund | $1,001 - $15,000 | $201 - $1,000 |
| Hancock John Premium Dividend Fund | $1,001 - $15,000 | $201 - $1,000 |
| Invesco Trust Invt Grade Muns | $1,001 - $15,000 | $201 - $1,000 |
| MFS Multimarket Income | $1,001 - $15,000 | $201 - $1,000 |
| Nuveen Credit Strategies Income Fund | $1,001 - $15,000 | $201 - $1,000 |
| Nuveen Preferred Securities Income Fund | $1,001 - $15,000 | $201 - $1,000 |
| Pimco Muni Income FD | $1,001 - $15,000 | None (or less than $201) |
| Virtus Global Dividend and Income Fund | $1,001 - $15,000 | None (or less than $201) |
| Merrill Lynch Capital Trust III (MER-P) Preferred 7.375% | $1,001 - $15,000 | $201 - $1,000 |
| U.S. bank cash sweep account #3 | $15,001 - $50,000 | None (or less than $201) |
| Regency Centers Corp REIT | $1,001 - $15,000 | $201 - $1,000 |
| Suburban Propane Partners | $1,001 - $15,000 | $1,001 - $2,500 |
| U.S. Bank #4 cash accounts | $15,001 - $50,000 | None (or less than $201) |
| U.S. Bank #5 cash accounts | $1,001 - $15,000 | None (or less than $201) |
| U.S. Bank #2 cash account | $1,001 - $15,000 | None (or less than $201) |
| U.S. Bank #1 cash account | $1,001 - $15,000 | None (or less than $201) |
| U.S. Bank #5 Trust Deposit Account | $100,001 - $250,000 | $1,001 - $2,500 |
| Dodge & Cox Income Fund | $15,001 - $50,000 | $201 - $1,000 |
| Fidelity Adv Floating Rate high Income - I | $15,001 - $50,000 | $201 - $1,000 |
| iShares Barclays TIPS Bond Fund | $15,001 - $50,000 | $201 - $1,000 |
| Pimco Total Return Instl. Fund | $15,001 - $50,000 | $201 - $1,000 |
| Vanguard Short-Term Corporate Bond ETF | $50,001 - $100,000 | $1,001 - $2,500 |
| Vanguard Short-Term Federal Fund - ADM | $50,001 - $100,000 | $1,001 - $2,500 |
| Pfizer Inc Sr Unsecured note | $15,001 - $50,000 | $1,001 - $2,500 |
| Walgreen Co Notes | $1,001 - $15,000 | $201 - $1,000 |
| Illinois Tool Works Inc bond | $15,001 - $50,000 | $201 - $1,000 |
| American Honda Fin Corp bond | $1,001 - $15,000 | None (or less than $201) |
| Dominion Res Inc Va bond | $15,001 - $50,000 | $201 - $1,000 |
| Philip Morris Intl Inc bond | $15,001 - $50,000 | $201 - $1,000 |
| Public Storage bond | $15,001 - $50,000 | $201 - $1,000 |
| Federal Realty Invt Trst bond | $15,001 - $50,000 | $201 - $1,000 |
| United Technologies Corp bond | $15,001 - $50,000 | $201 - $1,000 |
| 3M Company | $15,001 - $50,000 | $201 - $1,000 |
| Baxter International Inc | $1,001 - $15,000 | None (or less than $201) |
| BCE Inc | $15,001 - $50,000 | $1,001 - $2,500 |
| BlackRock, Inc | $15,001 - $50,000 | $201 - $1,000 |
| Bristol-Myers Squibb Company | $15,001 - $50,000 | $1,001 - $2,500 |
| Brookfield Asset Management Inc Cl A | $15,001 - $50,000 | $201 - $1,000 |
| Chevron Corporation | $15,001 - $50,000 | $1,001 - $2,500 |
| Cisco Systems Inc | $15,001 - $50,000 | $201 - $1,000 |
| Conocophillips | $1,001 - $15,000 | None (or less than $201) |
| Consumer Discretionary Select Sector SPDR | $1,001 - $15,000 | $2,501 - $5,000 |
| Deere & Co | $1,001 - $15,000 | $201 - $1,000 |
| Diageo PLC ADR | $1,001 - $15,000 | $201 - $1,000 |
| Dowdupont Inc | $15,001 - $50,000 | $201 - $1,000 |
| Financial Select Sector SPDR Fund | $1,001 - $15,000 | $201 - $1,000 |
| General Electric Co | $1,001 - $15,000 | $201 - $1,000 |
| Gilead Sciences, Inc | $15,001 - $50,000 | $201 - $1,000 |
| Honeywell International, Inc | $1,001 - $15,000 | $201 - $1,000 |
| Intel Corporation | $15,001 - $50,000 | $201 - $1,000 |
| International Business machines Corp | $15,001 - $50,000 | $201 - $1,000 |
| iShares S&P Global Technology Sector Index Fd | $15,001 - $50,000 | $201 - $1,000 |
| iShares S&P Smallcap 600 Index Fund | $15,001 - $50,000 | $201 - $1,000 |
| Johnson & Johnson | $15,001 - $50,000 | $1,001 - $2,500 |
| Kimberly Clark Corp | $15,001 - $50,000 | $201 - $1,000 |
| McDonalds Corp | $15,001 - $50,000 | $201 - $1,000 |
| PepsiCo Inc | $15,001 - $50,000 | $201 - $1,000 |
| Principal Financial Group | $1,001 - $15,000 | $201 - $1,000 |
| Procter & Gamble Company | $1,001 - $15,000 | $201 - $1,000 |
| Qualcomm Incorporated | $1,001 - $15,000 | $201 - $1,000 |
| Royal Dutch Shell PLC ADR A | $1,001 - $15,000 | $201 - $1,000 |
| Stryker Corp | $1,001 - $15,000 | None (or less than $201) |
| Symantec Corp | $1,001 - $15,000 | None (or less than $201) |
| Total SA ADR | $1,001 - $15,000 | $201 - $1,000 |
| Unilever N V | $15,001 - $50,000 | $201 - $1,000 |
| Vanguard MSCI EAFE ETF | $15,001 - $50,000 | $201 - $1,000 |
| Vanguard MSCI Emerging Markets ETF | $15,001 - $50,000 | $201 - $1,000 |
| Verizon Communications | $15,001 - $50,000 | $1,001 - $2,500 |
| Visa Inc A | $1,001 - $15,000 | None (or less than $201) |
| General Motors Company | $1,001 - $15,000 | None (or less than $201) |
| Barclays Bank PLC bond | $15,001 - $50,000 | $201 - $1,000 |
Employment Agreements and Arrangements
| Employer or Party | City, State | Status and Terms | Date |
|---|---|---|---|
| Carnegie Mellon University, Tepper School of Business | Pittsburgh, Pennsylvania | I plan to take an unpaid leave of absence from my tenured faculty position as authorized under existing University policy for public service leave. I will keep my university office for storage/maintenance of my academic materials. | Jan. 16, 2018 |
| Carnegie Mellon University | Pittsburgh, Pennsylvania | I will continue to participate in this defined contribution plan but the plan sponsor will not make contributions during my government service. | Aug. 16, 2005 |
Liabilities
| Creditor Name | Creditor Type | Amount | Rate | Year Incurred |
|---|---|---|---|---|
| PNC Bank | Mortgage on Personal Residence | $50,001 - $100,000 | 5.375 | 2005 |
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