J. Alfred Broaddus, Jr., president of the Federal Reserve Bank of Richmond, announced on Thursday 13 November that he plans to retire on August 1, 2004. He turns 65 next July. 'It has been a great privilege to serve the Federal Reserve and, most importantly, the public in this role," said Mr. Broaddus. "I am particularly grateful for the opportunity to work with truly extraordinary fellow employees and board members at the Richmond Fed, and colleagues in the Federal Reserve System nationally.
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