SAN FRANCISCO--(BUSINESS WIRE)--James D. Narron has been appointed product manager of the National Cash Product Office (CPO), the Bank announced today. Mr. Narron is currently senior vice president of the Fedwire Securities Services in the Federal Reserve Bank of New York’s wholesale product office. He was appointed to replace Mark Gould, who was promoted as the Bank’s first vice president and chief operating officer effective February 1, 2014. The CPO provides standard software and processing tools for all cash processing and vault automation systems nationwide, and guides policy, product development, and currency and coin capacity planning for all Federal Reserve cash operations.
Mr. Narron was formerly Senior Vice President and head of the Bank’s Cash and Custody Department, Vice President in the Bank’s Technology Group leading data center relocation efforts, and served as Deputy Chief of Staff of Operations at the Bank. He joined the Bank in 2003. Prior to joining the New York Fed, he worked at the Federal Reserve Bank of Kansas City, and the Board of Governors in Washington, D.C.
In announcing the appointment, Mark Gould commented, “Jim’s extensive operational experience, deep knowledge of the cash business, and proven track record leading the world's largest high-speed electronic payment system make him an outstanding choice as Product Manager of the CPO.”
Mr. Narron holds a bachelor’s degree in finance and economics from Rockhurst University and a master’s degree in international business studies from the University of South Carolina. He is the former Vice Chair and first male to serve on the Board of Directors of the Maura Clarke and Ita Ford Center, which is dedicated to equipping Hispanic women with the skills they need to live and work in their new homeland.
The Federal Reserve Bank of San Francisco, with branch offices in Los Angeles, Seattle, Salt Lake City, and Portland, and a cash processing office in Phoenix, provides wholesale banking services to financial institutions throughout the nine western states. As the nation's central bank, the Federal Reserve System formulates monetary policy, serves as a bank regulator, administers certain consumer protection laws, and is fiscal agent for the U.S. government. Follow us on Twitter at twitter.com/sffedreserve.