Reserve Bank of New York. Now, as he prepares to retire, the bank's top supervisor says he would never trade what his career has given him: a front-row seat on a dramatic evolution in financial services.

Mr. Feldberg has headed the New York Fed's examination force since being named executive vice president for bank supervision in January 1991. At yearend, he will pass the baton to a 25-year veteran, William L. Rutledge.

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