Federal Reserve Bank of Cleveland Announces Official Appointments
The Federal Reserve Bank of Cleveland has announced the following official appointments effective July 1, 2011:
Paul Kaboth has been promoted to vice president and community affairs officer in the Community Development Department. He oversees the department’s work on consumer credit, community reinvestment, and asset-building issues and will direct research, outreach, and public programs that promote fair and equal access to credit in the Fourth Federal Reserve District. Kaboth succeeds vice president and community affairs officer Ruth Clevenger, who retired last month after 15 years of service.
Kaboth joined the Bank’s Supervision and Regulation Department in 1986, as a field examiner. Most recently, he served as assistant vice president with responsibility for specialty bank examinations related to risk management in the areas of credit, markets and liquidity, operations, and corporate compliance. Kaboth holds a bachelor’s degree in business administration from Miami University and is a commissioned bank examiner.
Maria Bowlin has been promoted to assistant vice president in the Facilities Management Department. She has responsibility for Facilities operations, services, and capital expense projects at the Cleveland Reserve Bank and its Cincinnati and Pittsburgh branch offices. Bowlin joined the Pittsburgh office in 1987, as a customer service representative. She was named Facilities manager in 2000. She has a bachelor of science degree in industrial engineering from West Virginia University and holds designations as a Real Property Administrator (RPA) and Facilities Management Administrator (FMA) from the Building Owners and Managers Institute.
Matthew Hite has been promoted to assistant vice president in the Financial Support Services Department. He maintains his responsibility for the Bank’s enterprise risk management function and its annual financial statement testing and assertion process. He also assumes responsibility for the continuous improvement function. Hite joined the Bank in 1993 as an assistant bank examiner. He left in 1997 to join KeyCorp, where he held management positions in the Risk Review Group and the Financial Intelligence Unit. He returned to the Bank in 2009 as manager of the enterprise risk management function. Hite holds a bachelor’s degree in business administration from John Carroll University and is a Certified Internal Auditor.
The Federal Reserve System
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 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.
Fourth Federal Reserve District
The Federal Reserve Bank of Cleveland, with branches in Cincinnati and Pittsburgh, serves the Fourth Federal Reserve District, which includes Ohio, western Pennsylvania, eastern Kentucky, and the northern panhandle of West Virginia. For information on the Federal Reserve Bank of Cleveland, see www.clevelandfed.org or follow us on Facebook and Twitter (@ClevelandFed).