Federal Reserve Bank of Cleveland Appoints Jerrold Newlon to Vice President
Jerrold Newlon was appointed vice president - Large Banking Organization Supervision in the Supervision and Regulation Department of the Federal Reserve Bank of Cleveland, effective September 17, 2012. (Download high-res photo of Newlon)
In this role, Newlon leads strategic oversight and coordination of supervisory responsibilities for banking organizations with assets greater than $50 billion that are supervised by the Federal Reserve Bank of Cleveland.
Newlon has more than 25 years of experience in the banking industry and more than 12 years of experience with the Reserve Bank as a banking supervisor. Most recently, he was assistant vice president, Large Banking Organization Supervision, a position he held since 2007.
Newlon is a graduate of Pennsylvania State University.
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, DC, comprise the Federal Reserve System. As the nation's central bank, the Federal Reserve System formulates US monetary policy, supervises certain banks and other financial institutions, and provides payment services to financial institutions and to the US 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 more information on the Federal Reserve Bank of Cleveland, see www.clevelandfed.org or follow us on Facebook and Twitter (@ClevelandFed).