Federal Reserve Bank of Cleveland Announces New Head of Banking Supervision

Stephen Jenkins to Replace Retiring Andrew "Bud" Burkle

Stephen Jenkins has been appointed senior vice president responsible for the banking supervision function at the Federal Reserve Bank of Cleveland, effective March 1, 2007. Jenkins will also be responsible for the Bank's Credit Risk Management and Statistics and Analysis Departments. Jenkins is replacing senior vice president Andrew "Bud" Burkle, Jr., who is retiring from the Bank after 38 years of service, effective March 31, 2007.

Jenkins will be responsible for overseeing more than 260 financial institutions in the Fourth Federal Reserve District, which includes Ohio, western Pennsylvania, eastern Kentucky and the northern panhandle of West Virginia. A vice president in the Banking Supervision and Regulation Department, Jenkins is currently responsible for overseeing the largest banking organizations in the Fourth District and their associated supervisory teams.

Jenkins joined the Bank in 1986 as a bank examiner. He was appointed assistant vice president in 1996, and vice president in 1999.

A Cleveland native, Jenkins holds a bachelor's degree from Bowling Green State University, an MBA from the University of Pittsburgh, and a degree in banking from the Graduate School of Banking at the University of Colorado. He is past president of the Northern Ohio Chapter of the Risk Management Association and serves on the board of trustees of Towards Employment, a nonprofit organization providing job readiness and placement services.

 

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 banks and bank holding companies, and provides payment services to financial institutions and to the U.S. government. Payment services include check clearing, electronic payments, and the distribution of currency and coin.

 

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.