Kansas City Fed bank examiners Frank Allen and Dustyn DeSpain have received the William Taylor Award for Excellence in Bank Supervision in the Federal Reserve System. The award recognizes individuals who have demonstrated sustained and extraordinary achievement and professionalism in the performance of their responsibilities.

The Kansas City Fed said Allen and DeSpain “displayed extraordinary leadership and collaboration to deliver transformative policy and technology enhancements for the System’s consumer compliance supervision program for community banks.”

The Taylor Award was established in 1993 in memory of William Taylor, who was director of the Division of Banking, Supervision, and Regulation for the Board of Governors of the Federal Reserve System from 1984 to 1991. Following that, Taylor was chairman of the Federal Deposit Insurance Corp. He died at age 53. The award commemorates Taylor’s integrity and outstanding contributions to both the Federal Reserve and the banking system as a whole, and it represents the supervision function’s highest and most prestigious honor.

Read more about William Taylor’s legacy in “Integrity, Fairness and Resolve: Lessons from Bill Taylor and the Last Financial Crisis.”