San Francisco, CA — James D. Narron has been appointed product manager of the National Cash Product Office (CPO), the Bank announced today. Mr. Narron is currently senior vice president of the Fedwire Securities Services in the Federal Reserve Bank of New York’s wholesale product office. He was appointed to replace Mark Gould, who was promoted as the Bank’s first vice president and chief operating officer effective February 1, 2014. The CPO provides standard software and processing tools for all cash processing and vault automation systems nationwide, and guides policy, product development, and currency and coin capacity planning for all Federal Reserve cash operations.
Mr. Narron was formerly Senior Vice President and head of the Bank’s Cash and Custody Department, Vice President in the Bank’s Technology Group leading data center relocation efforts, and served as Deputy Chief of Staff of Operations at the Bank. He joined the Bank in 2003. Prior to joining the New York Fed, he worked at the Federal Reserve Bank of Kansas City, and the Board of Governors in Washington, D.C.
In announcing the appointment, Mark Gould commented, “Jim’s extensive operational experience, deep knowledge of the cash business, and proven track record leading the world’s largest high-speed electronic payment system make him an outstanding choice as Product Manager of the CPO.”
Mr. Narron holds a bachelor’s degree in finance and economics from Rockhurst University and a master’s degree in international business studies from the University of South Carolina. He is the former Vice Chair and first male to serve on the Board of Directors of the Maura Clarke and Ita Ford Center, which is dedicated to equipping Hispanic women with the skills they need to live and work in their new homeland.
The Federal Reserve Bank of San Francisco (SF Fed) serves the public by promoting a healthy, sustainable economy, and supporting the nation’s financial and payment systems. With offices in Los Angeles, Seattle, Salt Lake City, Portland and Phoenix, the Bank serves the Twelfth Federal Reserve District, which includes one-fifth of the nation’s population and represents the world’s fourth-largest economy. As part of the nation’s central bank, the SF Fed informs monetary policy, regulates banks, administers certain consumer protection laws and acts as a financial partner to the U.S. government.