NEW YORK - The Federal Reserve Bank of New York announced several organizational changes, including the consolidation of foreign exchange and open market operations.

The changes are prompted by the retirement of Peter D. Sternlight, executive vice president and manager of domestic open market operations, on Sept. 30. Mr. Sternlight, 64, joined the New York Fed 42 years ago.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.