Los Angeles:  Actress Ellen Pompeo is turning executive producer for a TV series, an adaptation of the novel "Debt".

"The Grey's Anatomy" star is developing author Rachel Carey's book about the 2008 financial meltdown in New York City into a series for ABC Family network, reports contactmusic.com.

Pompeo launched her own production company, Calamity Jane, in 2011 and the project will mark her first TV credit as executive producer.