On May 8, 2015, the Federal Reserve Bank of New York announced the creation of a new group called the Wholesale Product Office. The WPO, currently a function within the Federal Reserve Bank of New York's Executive Office, manages the Fedwire Funds, Fedwire Securities, and the National Settlement Service. Richard P. Dzina will serve as the head of the WPO as of July 1, 2015, as well as a member of the Federal Reserve Bank of New York's Management Committee.
The press release is available at: http://www.ny.frb.org/newsevents/news/aboutthefed/2015/oa150508.html.
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