LOS ANGELES COUNTY - News from Oct. 30, 1987

The Los Angeles branch of the Federal Reserve Bank of San Francisco has divided its major operational functions among three directors following the resignation of Hector M. Martin, vice president of operations.

Ed Bonheur, Charles Huffstetler and Mary Ellen Martin now share the senior officer responsibilities in payment services, securities services, cash operations, administrative services and electronic payments. Martin resigned to seek opportunities in the private sector.

Bonheur was promoted to director and transferred to Los Angeles from the Seattle branch, where he served as assistant vice president-analysis and control. He has responsibility for securities and payment services, including check services, adjustments and internal controls.

Huffstetler retains responsibility for cash operations, administrative services and accounting. Responsibility for the branch’s electronic payments, i.e., automated clearinghouse and funds transfer, and installation management was added to Martin’s area, while she retained responsibility for financial services and public information.