Aug. 1, 2014

Richmond Fed Announces Officer Appointment

Richmond, Va.

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.

As part of our nation’s central bank, the Richmond Fed is one of 12 regional Reserve Banks working together with the Board of Governors to support a healthy economy and deliver on our mission to foster economic stability and strength. We connect with community and business leaders across the Fifth Federal Reserve District — including the Carolinas, District of Columbia, Maryland, Virginia, and most of West Virginia — to monitor economic conditions, address issues facing our communities, and share this information with monetary and financial policymakers. We also work with banks to ensure they are operating safely and soundly, supply financial institutions with currency that’s fit for distribution, and provide a safe and efficient way to transfer funds through our nation’s payments system.

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