Central Banking

NY Fed names new senior VP for cash and custody

James Narron is the new senior vice president responsible for the cash and custody function at the New York Federal Reserve.

Prior to the move, Narron had worked as the vice president responsible for the New York Fed's data centre relocation project since October 2008.

He joined the central bank in May 2003, working first as a staff director in the cash and custody department, then switching to the chief of staff's office in February 2007 where he was deputy chief of staff.

He holds a bachelor's

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FedNow – at last

The instant payment system might help fix the US’s rusty payment rails, but it also faces competition, says Dave Birch

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