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SF Fed Bank President to Retire

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The second-longest serving president of the Federal Reserve´s 12 regional banks is retiring.

Robert Parry, who heads the Federal Reserve Bank of San Francisco will retire June 1. Parry is also a voting member of the Fed panel that sets interest rates. Parry, who has headed the San Francisco bank since February 1986, will be 65 in May.

Analysts say they don´t believe Parry´s departure will change the course of monetary policy, now dominated by Federal Reserve Chairman Alan Greenspan.

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