The Federal Reserve Bank of Richmond announces the following officer appointment:
Diane McDorman has been promoted to vice president with responsibility for the Federal Reserve System payroll operation. The appointment is effective Aug. 1.
McDorman, who joined the Richmond Fed as a systems analyst and programmer in 1989, has been an assistant vice president in the Bank’s Treasury and Payments Services department since 2004. In that role, she has led teams that manage several payment systems on behalf of the U.S. Treasury.
She is a graduate of Virginia Commonwealth University.
The Richmond Fed serves the Fifth Federal Reserve District, which includes the District of Columbia, Maryland, North Carolina, South Carolina, Virginia and most of West Virginia. As part of the nation's central bank, we're one of 12 regional Reserve Banks that work together with the Federal Reserve's Board of Governors to strengthen the economy and our communities. We manage the nation's money supply to keep inflation low and help the economy grow. We also supervise and regulate financial institutions to help safeguard our nation's financial system and protect the integrity and efficiency of our payments system.