Philadelphia Fed promotes five vice presidents

The Philadelphia Federal Reserve has promoted one of its staff to the role of executive vice president, two to the role of senior vice president, and two to vice presidential positions.

Michael Collins becomes executive vice president responsible for the discount window, through which the third district's banks can borrow, and the credit-risk function. He manages a staff of 150 people. A Fed employee since 1974, Collins has worked as a consultant at the Central Bank of Trinidad & Tobago and c

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