Fed Plans to Reduce Number of Data Centers from 12 to Three

The Federal Reserve announced plans to consolidate its 12 data centers into three sites -- in Dallas; East Rutherford, N.J.; and Richmond, Va.

Senior Management Picked

Carl E. Powell, who was named by the Fed to head the consolidation project earlier this year, said the move should take three years to complete.

The Fed also announced appointments of four senior vice presidents to manage the new Federal Reserve Automation Services unit, based in Richmond. The appointees are James Allen, business support; Donna Kelley, computer operations; Doug Fleming, administrative support; and Sharon Reisdorf, project transition. All will report to Mr. Powell.

The Fed plans to request bids early next year for new computer hardware to be used at the three sites. The consolidation effort would cost several hundred million dollars.

The move is expected to substantially reduce the Fed's operating costs and improve the central bank's ability to recover from computer outages.

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