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FEDERAL HOME LOAN BANK OF NEW YORK PROMOTES FLETCHER TO EVP/ CHIEF OPERATING OFFICER, ALTILIO TO CHIEF FINANCIAL OFFICER

 NEW YORK, Jan. 5 /PRNewswire/ -- Alfred A. DelliBovi, president of the Federal Home Loan Bank of New York today announced that the board of directors promoted Harold Fletcher to the position of executive vice president and chief operating officer. Mr. Fletcher, 42, joined the bank in June 1973 as a night computer operator and has worked his way up through the bank ever since. During those 19 years at various times he served as chief economist, senior vice president and chief financial officer and first senior vice president.
 David Altilio, 42, was named chief financial officer. He continues as senior vice president and treasurer. Mr. Altilio joined the bank in 1980 as portfolio manager, financial administration. He progressed upward to assistant vice president in 1982, vice president and treasurer in 1986 and senior vice president and treasurer in January 1992. Among his many interests, Mr. Altilio is pursuing his private pilot's rating.
 The bank promoted two to the position of senior vice president. One of them was Robert Hans, who is responsible for information systems. Mr. Hans, 43, has served the bank for 20 years, all of them in computer and systems management. Mr. Hans lives with his wife and three children in New Jersey. He has been a Boy Scout leader for 25 years and enjoys hiking and camping.
 The other new senior vice president is Paul Heroux who is responsible for financial operations. Mr. Heroux, 34, has been with the bank for eight years. He had been vice president and director of financial operations prior to his latest promotion. Earlier, he had been vice president and director of human resources. He lives in Westfield, N.J., with his wife and son and enjoys hand carving wooden toys asa? hobby.
 The elections to vice president were as follows: Nancy Closs, 30, six years with the bank, with the additional title of controller; Debra L. Kriss, 39, five years with the bank, with the additional title of assistant general counsel; Maj Noorani, 33, five and one half years with the bank, with responsibility for financial planning; Frank Saenz De Viteri, 46, 19 years with the bank, responsible for customer financial information; Marianne Totaro, 38, one year with the bank, responsible for collateral operations and analysis.
 The bank also elected two new officers, both to assistant vice president: Aida Denis, in funds transfer who has been with the bank 12 years; and Paul Friend, 30, in the legal department, who has been with the bank for three years.
 Commenting on the large number of promotions, Mr. DelliBovi said, "These promotions were made in recognition of the outstanding contributions of each during an especially difficult period of transition for the bank. The promotions and assignments solidify the management structure and position us favorably in our plans for the future."
 The Federal Home Loan Bank of New York provides low-cost financing and other banking services to stockholding institutions in support of affordable housing for Americans in New York, New Jersey, Puerto Rico and the U.S. Virgin Islands.
 -0- 1/5/93
 /CONTACT: Eugene J. Sherman of Federal Home Loan Bank of New York, 212-912-4605/


CO: Federal Home Loan Bank of New York ST: New York IN: FIN SU: PER

TS-LR -- NY025 -- 1650 01/05/93 10:43 EST
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Publication:PR Newswire
Date:Jan 5, 1993
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