Cleveland Fed Announces Director Appointments

The Federal Reserve Bank of Cleveland announced the following appointments to its main office and branch boards of directors. All appointments were effective January 1, 2000.

Federal Reserve Bank of Cleveland

David H. Hoag, former chairman, president and chief executive officer of The LTV Corporation, Cleveland, Ohio, has been appointed chairman of the board of directors of the Federal Reserve Bank of Cleveland for 2000.

Phillip R. Cox, president and chief executive officer, Cox Financial Corporation, Cincinnati, Ohio, has been appointed a director of the Cleveland Reserve Bank.

In addition, Tiney M. McComb, chairman and president of Heartland BancCorp, Gahanna, Ohio, and David L. Nichols, chairman of Flooring America, Inc., Kennesaw, Georgia, have been reelected to a second term as directors of the Cleveland Reserve Bank.

Cincinnati Office

George C. Juilfs, president and chief executive officer of SENCORP, Newport, Kentucky, has been reappointed a director and renamed chairman of the board of directors of the Cincinnati Office of the Federal Reserve Bank of Cleveland.

In addition, V. Daniel Radford, executive secretary-treasurer, Cincinnati AFL-CIO Labor Council, has been appointed a director, and Judith G. Clabes, president and chief executive officer of Scripps Howard Foundation, Cincinnati, Ohio, has been reappointed a director of the Cincinnati Office.

Pittsburgh Office

John T. Ryan III, chairman and chief executive officer, Mine Safety Appliances Company, Pittsburgh, Pennsylvania, has been reappointed chairman of the board of directors of the Pittsburgh Office of the Federal Reserve Bank of Cleveland.

In addition, Georgia Berner, president, Berner International Corp., New Castle, Pennsylvania; Charles E. Bunch, senior vice president, PPG Industries, Inc., Pittsburgh, Pennsylvania; and Peter N. Stephans, chairman and chief executive officer of Trigon, Incorporated, McMurray, Pennsylvania, have been reappointed directors of the Pittsburgh Office.

The Federal Reserve Bank of Cleveland is one of 12 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 banks and all bank holding companies, and provides payment services to depository institutions and the U.S. government. Payment services include check clearing, electronic payments, and the distribution and processing of currency and coin.

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