Daberko to Serve on Federal Advisory Council of the Board of Governors of the Federal Reserve System

David A. Daberko, chairman and chief executive officer of National City Corporation, Cleveland, Ohio, will represent the Fourth Federal Reserve District on the Federal Advisory Council. The Council, which is composed of representatives from each of the 12 Federal Reserve Districts, confers periodically with the Board of Governors of the Federal Reserve System on business conditions and issues related to the banking industry. Mr. Daberko will represent the Fourth District for a one-year term which began January 1, 2000.


Mr. Daberko was appointed to the Council by the board of directors of the Federal Reserve Bank of Cleveland.

 

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The Federal Reserve Bank of Cleveland is one of twelve regional 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 monetary policy, regulates bank holding companies and state-chartered member banks, and provides banking services to financial institutions and to the U.S. government.

The Federal Reserve Bank of Cleveland, including its branch offices in Pittsburgh and Cincinnati, 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.