No. 2202

THURSDAY, MARCH 28, 2000

WALTER PROMOTED TO SVP AND TO
MANAGE THE NY FED BUFFALO BRANCH

NEW YORK – The board of directors of the Federal Reserve Bank of New York has approved the promotion of Barbara L. Walter to senior vice president and appointed her manager of the New York Fed’s Buffalo Branch effective May 1st.

Ms. Walter succeeds Carl W. Turnipseed, who has been named executive vice president and head of the bank’s financial services group after serving six years as manager of the Buffalo Branch.

Ms. Walter has been vice president of the bank’s research support group since 1994.

She joined the bank as a research assistant in 1971. She has held positions in a number of areas of the bank including bank examinations, foreign banking applications, data processing, open market operations and credit and risk management. From 1983 to 1985, Ms. Walter served as assistant to the president of the bank.

She holds a B.A. degree from the University of Missouri, and an M.B.A. degree from New York University Graduate School of Business Administration. She also is a graduate of The Stonier Graduate School of Banking.