NEW YORK - The Federal Reserve Bank of New York announced that its board of directors has approved the promotion of five vice presidents.

Arthur G. Angulo has been promoted to vice president for operational risk management of the bank supervision group. He had been assistant vice president since December 2000.

Mr. Angulo joined the bank in July 1987 as an assistant bank examiner in the domestic banking department and was subsequently promoted to more senior examiner positions. In December 1997, Mr. Angulo was appointed an officer of the bank and assigned to the financial examinations function and in May 2000 he was assigned to the relationship management function.

Mr. Angulo holds a B.A. degree from Columbia University and an M.B.A. degree from the Columbia University Graduate School of Business.

Homer C. Hill, III has been promoted to vice president of relationship management in the bank supervision group. He had been assistant vice president since December 2001.

Mr. Hill joined the bank in July 1988 as an assistant bank examiner in the domestic banking department and was promoted to more senior examiner positions. In June 1999, Mr. Hill was appointed an officer of the bank in the financial examinations function and in May 2000, he was assigned to the relationship management function.

Mr. Hill holds a B.A. degree from Columbia University.

Jeff Klein has been promoted to vice president of information technology function in the automation and systems services group.

Mr. Klein joined the bank in May 1981 as a senior programmer analyst in the analytical computer department and was promoted to positions of increasing technical and managerial responsibility.

In December 1997, Mr. Klein was appointed an officer of the bank and assigned to network planning and in April 1998 he was reassigned to the information technology function. In December 1999, Mr. Klein was promoted to assistant vice president and assigned responsibility for the messaging and network services division, within the information technology function. In June 2003, he was given responsibility for the internet support department and named head of the newly established National Remote Access Services competency center.

Mr. Klein attended the Massachusetts Institute of Technology.

Una M. Neary has been promoted to vice president of credit risk in the risk management function of the bank supervision group. She had been an assistant vice president since December 2001.

Ms. Neary joined the bank in July 1990 as an assistant bank examiner in the domestic banking department and held positions with increasing responsibilities. In June 2000, she was appointed an officer of the bank assigned to the relationship management function.

Ms. Neary holds a B.A. degree from Manhattanville College.

Laura R. Weir has been promoted to vice president in the central bank and international account services department of the markets group. She had been assistant vice president of the fixed income and foreign exchange department of the markets group, managing its foreign exchange and investment area since July 1998.

Ms. Weir joined the bank in September 1993 as a financial analyst in the foreign exchange department, and over the years held positions of increasing responsibility on the domestic and foreign trading desks. In June 1997, Ms. Weir was appointed an officer of the bank and in December 1999, she was promoted to assistant vice president.

Ms. Weir holds a B.S. degree from The Wharton School of the University of Pennsylvania and an M.A. degree from the School of Advanced International Studies at John Hopkins University.

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