Press Release
New York Fed Names Six Vice Presidents
January 9, 2006

NEW YORK—The Federal Reserve Bank of New York’s board of directors has approved the promotion of six vice presidents.

Gail R. Armendinger has been promoted to vice president of electronic payments in the Financial Services Group. She joined the Bank in July 1983 as an administrative trainee in the central bank services department and was named an officer of the New York Fed in electronic payments in June 1999. She was promoted to assistant vice president in January 2003.

Ms. Armendinger holds a B.S. degree from Manhattan College.

Lance W. Auer has been promoted to vice president in the Bank Supervision Group. He joined the Bank in September 1991 as a financial analyst and was named an officer of the New York Fed in December 1996 and assigned to the Markets Group. Mr. Auer resigned from the Bank in June 1998 to relocate to San Francisco and was reemployed in November 2003 as an assistant vice president in the Bank Supervision Group.

Mr. Auer holds a B.A. degree from Pitzer College and an M.P.P. degree from Harvard University, John F. Kennedy School of Government.

Jean Bolwell has been promoted to vice president in the Automation and Systems Services Group. She joined the Bank in September 1969 and was assigned to the personnel department. She was named an officer of the New York Fed in June 1999 and assigned to the Automation and Systems Services Group. Ms. Bolwell was promoted to assistant vice president in June 2002.

Richard P. Dzina has been promoted to vice president in the Financial Services Group. He joined the Bank in July 1991 as a bank examiner in the Bank Supervision Group and was named an officer of the New York Fed in the Markets Group in June 1999. He was promoted to assistant vice president in June 2003.

Mr. Dzina holds a B.A. degree from Princeton University and an M.B.A. degree from Columbia Business School.

Robard B. Williams has been promoted to vice president in the Bank Supervision Group, where he joined the Bank as a financial analyst in August 1996. Mr. Williams was named an officer of the New York Fed in June 2002 and promoted to assistant vice president in July 2004.

Mr. Williams holds a B.A. degree from Haverford College and an M.A. degree from the Fletcher School of Law and Diplomacy, Tufts University.

Paul D. Whynott has been promoted to vice president in the Bank Supervision Group, where he joined the Bank as an assistant bank examiner in August 1992. Mr. Whynott was named an officer of the New York Fed in January 2003 and was promoted to assistant vice president in January 2004.

Mr. Whynott holds a B.A. degree from Connecticut College and an M.B.A degree from Columbia University.