Cleveland Federal Reserve Bank Appoints James Savage Vice President of Public Affairs

James Savage has been appointed vice president of public affairs at the Federal Reserve Bank of Cleveland, effective June 30, 2008. He will be responsible for overseeing the Bank’s communications and outreach to external audiences. He will report to Mark Sniderman, executive vice president and chief policy officer.

Savage has considerable communications experience in the government, nonprofit, and corporate sectors. He most recently served as director of corporate communications at Philips Electronics in Toronto, Canada, where he was responsible for public relations, media and community relations activities. He also served as vice president of international public affairs for the GTE Corporation (currently Verizon).

Savage holds a master’s degree in international economics from The London School of Economics and Political Science and a bachelor’s degree from the University of British Columbia.

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.