Former Fed official Edward W. 'Mike' Kelley Jr. dies at 84
WASHINGTON (AP) — Edward W. "Mike" Kelley Jr., who served 14 years as a member of the Federal Reserve Board and was instrumental in modernizing the banking operations of the Federal Reserve system, has died.
During much of his tenure on the board, Kelley chaired the committee that oversaw the operations and payment systems of the Fed's 12 regional banks.
Greenspan said Kelley was also instrumental in increasing the efficiency of Fed operations by modernizing the way its regional banks coordinated the handling of services to commercial banks.