Federal Reserve Bank of Cleveland Announces Changes in Community Affairs Staff

For Release: January 10, 2003

Contact: june.a.gates@clev.frb.org, 216/579-2048

Federal Reserve Bank of Cleveland Announces
Changes in Community Affairs Staff

The Federal Reserve Bank of Cleveland announced the following changes in its Community Affairs Department, effective December 2, 2002:

Cassandra McConnell has joined the Bank as community affairs manager. She is responsible for managing and directing the work of the community affairs staff at the Bank's main office in Cleveland and its branches in Cincinnati and Pittsburgh. In addition, she will consult with financial institutions, community-based organizations, and governmental entities regarding community and economic development issues related to access to credit in low- and moderate-income communities.

McConnell has 12 years of project management experience with nonprofit organizations. She most recently served as program director for the Hunger Network of Greater Cleveland. She holds a juris doctor from Cleveland-Marshall College of Law. She also holds a bachelor of arts in social work from Cleveland State University (CSU) and a master of public administration from the Maxine Goodman Levin College of Urban Affairs at CSU.

Dan Holland has joined the Bank's Pittsburgh office as a senior advisor in community affairs. He is responsible for providing information, technical assistance, and regulatory guidance to financial institutions and other organizations on the Community Reinvestment Act and community and economic development issues.

Holland has 10 years' experience with regional and national community develop- ment loan funds and trade associations. He holds both a bachelor's degree in applied history and a master's degree in public management from Carnegie Mellon University.

The Federal Reserve Bank of Cleveland is one of twelve regional Reserve Banks that, along with the Board of Governors in Washington, D.C., comprise the Federal Reserve System. As the nation's central bank, the Federal Reserve System formulates U.S. monetary policy, supervises certain commercial banks and all bank holding companies, and provides various services to financial institutions and to the U.S. government. These services include check collection and processing, currency and coin distribution, electronic funds transfers, and the sale and servicing of U.S. Treasury securities and savings bonds.

The Federal Reserve Bank of Cleveland, including its branch offices in Cincinnati and Pittsburgh, and its check processing center in Columbus, serves the Fourth Federal Reserve District, which includes Ohio, western Pennsylvania, eastern Kentucky, and the northern panhandle of West Virginia