Article: FEDERAL RESERVE BANK OF NEW YORK ANNOUNCES ORGANIZATIONAL CHANGES

FEDERAL RESERVE BANK OF NEW YORK ANNOUNCES ORGANIZATIONAL CHANGES

 
NEW YORK, July 28 /PRNewswire/ -- Several major organizational changes at the Federal Reserve Bank of New York, including the consolidation of the foreign exchange operations and open market operations under executive vice president William J. McDonough, were announced today by New York Fed president E. Gerald Corrigan. 
The steps were taken in conjunction with a decision by Peter D. Sternlight, executive vice president of the New York Fed and manager of the Federal Reserve's domestic open market operations, to take early retirement as of Sept. 30, Corrigan said.  Sternlight, 64, joined the New York ...

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