Glaubke Wins 2025 William Taylor Award

Minneapolis Fed IT project manager Eric Glaubke receives the award for excellence in bank supervision, shared with two Richmond Fed colleagues.

Updated on Nov. 4, 2026 in Financial Services

Eric Glaubke, a senior IT project manager at the Minneapolis Fed, received the 2025 William Taylor Award for Excellence in Bank Supervision, shared with Richmond Fed colleagues Nika Lazaryan and Dengli Jay Yang. The award recognized their update of econometric and statistical models that improves the accuracy of supervisory stress tests.

Why it matters

The award recognizes sustained, extraordinary achievement in Federal Reserve supervision, a function that helps keep the U.S. banking system stable. Improved stress testing models strengthen how regulators assess whether large banks can withstand economic shocks.

The model update required integrating 16 separate workstreams across the project, according to the award citation. The Federal Reserve System comprises 12 regional Reserve Banks, and the Minneapolis Fed serves the Ninth District, which covers Minnesota, Wisconsin, Montana, North Dakota and South Dakota.

The players

Eric Glaubke

Glaubke is a senior IT project manager in the Banks Supervision, Regulation, and Credit Division of the Minneapolis Fed, previously having worked as a project manager at 3M.

Michelle W. Bowman

Bowman serves as Vice Chair for Supervision of the Federal Reserve Board and presented the awards at the ceremony.

Kevin Warsh

Warsh serves as Chairman of the Federal Reserve and gave opening remarks at the award ceremony.

The details

Glaubke coordinated the integration of 16 workstreams in the stress test model update and facilitates collaboration between modeling and operations teams in the annual stress testing program. Federal Reserve Chairman Kevin Warsh gave opening remarks and Vice Chair for Supervision Michelle W. Bowman presented the awards at a ceremony in Washington, D.C.

2023: Glaubke joins the Minneapolis Fed as a project manager.
Earlier this month: Awards are presented at a ceremony in Washington, D.C.

Industry Context

The award recognizes improvements to models used in the Federal Reserve's annual Stress Testing Program, which assesses whether large banks hold enough capital to survive severe economic downturns. Updates to these models directly shape how supervisors measure bank resilience each year.

Stress test improvements influence how regulators evaluate the capital cushions banks must hold, which can affect lending capacity and the stability of the financial system that depositors and borrowers rely on. The award itself does not change any current rules or requirements for consumers.

The takeaway

Behind-the-scenes model work at the Federal Reserve, including coordination across many workstreams, underpins the stress tests that help keep banks resilient. Recognition of this staff effort highlights how supervision depends on technical expertise as much as policy decisions.