Federal Reserve Bank of Cleveland 2012 Annual Report
Federal Reserve Bank of Cleveland 2012 Annual Report

Boards of Directors

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Federal Reserve Banks each have a main office board of nine directors. Directors help set the Bank’s strategic direction, supervise the Bank’s budget and operations, and make recommendations on the discount rate on primary credit. Those directors who are not commercial bankers appoint the Bank’s president and first vice president, subject to the Board of Governors’ approval.

In addition, directors provide the Federal Reserve System with a wealth of information on economic conditions. This information is used by the Federal Open Market Committee in reaching decisions about monetary policy.

Class A directors are elected by and represent Fourth District member banks. Class B directors are also elected by Fourth District member banks and represent diverse industries within the District. Class C directors are appointed by the Board of Governors and also represent the wide range of businesses and industries in the Fourth District. Two Class C directors are designated as chairman and deputy chairman of the board.

The Cincinnati and Pittsburgh branch offices each have a board of seven directors who are appointed by the Board of Governors and the Board of Directors of the Federal Reserve Bank of Cleveland.

Terms for all directors are generally limited to two three-year terms to ensure that the individuals who serve the Federal Reserve System represent a diversity of backgrounds and experience

Cleveland Board of Directors

As of December 31, 2012

Back Row: Todd Mason, C. Daniel DeLawder, Christopher M. Connor, Paul G. Greig, Tilmon F. Brown, Harold Keller
Front Row: Richard K. Smucker, Alfred M. Rankin Jr., Susan Tomasky


James E. Rohr; Federal Advisory Council Representative

Alfred M. Rankin Jr.
Board Chairman
Chairman, President, and Chief Executive Officer
NACCO Industries, Inc.
Cleveland, Ohio
Richard K. Smucker
Board Deputy Chairman
Chief Executive Officer
The J.M. Smucker Company
Orrville, Ohio
Tilmon F. Brown
President and Chief Executive Officer
New Horizons Baking Company
Norwalk, Ohio
Christopher M. Connor
Chairman and Chief Executive Officer
The Sherwin–Williams Company
Cleveland, Ohio
C. Daniel DeLawder
Chairman and Chief Executive Officer
Park National Bank
Newark, Ohio
Paul G. Greig
Chairman, President, and Chief Executive Officer
FirstMerit Corporation
Akron, Ohio
Harold Keller
President
Ohio Capital Corporation for Housing
Columbus, Ohio
Todd Mason
President and Chief Executive Officer
First National Bank of Pandora
Pandora, Ohio
Susan Tomasky
Energy Consultant and Former President
AEP Transmission
Columbus, Ohio
James E. Rohr
Federal Advisory Council Representative
Chairman and Chief Executive Officer
The PNC Financial Services Group, Inc.
Pittsburgh, Pennsylvania

Cincinnati Board of Directors

As of December 31, 2012

Back Row: Austin W. Keyser, Amos L. Otis, Gregory B. Kenny
Front Row: Donald E. Bloomer, Peter S. Strange, Daniel B. Cunningham
Not Pictured: Susan Croushore

Peter S. Strange
Board Chairman
Chairman
Messer, Inc.
Cincinnati, Ohio
Donald E. Bloomer
President and Chief Executive Officer
Citizens National Bank
Somerset, Kentucky
Susan Croushore
President and Chief Executive Officer
The Christ Hospital
Cincinnati, Ohio
Daniel B. Cunningham
President and Chief Executive Officer
The Long–Stanton Group
Cincinnati, Ohio
Gregory B. Kenny
President and Chief Executive Officer
General Cable Corporation
Highland Heights, Kentucky
Austin W. Keyser
Midwest Senior Field Representative
AFL–CIO
McDermott, Ohio
Amos L. Otis
Founder, President, and Chief Executive Officer
SoBran, Inc.
Dayton, Ohio

Pittsburgh Board of Directors

As of December 31, 2012

Back Row: Petra Mitchell, Charles Hammell III, Todd D. Brice, Grant Oliphant
Front Row: Robert A. Paul, Glenn R. Mahone, Dawne S. Hickton

Glenn R. Mahone
Board Chairman
Partner and Attorney at Law
Reed Smith LLP
Pittsburgh, Pennsylvania
Todd D. Brice
President and Chief Executive Officer
S&T Bancorp, Inc.
Indiana, Pennsylvania
Charles Hammel III
President
PITT OHIO
Pittsburgh, Pennsylvania
Dawne S. Hickton
Vice Chair, President, and Chief Executive Officer
RTI International Metals, Inc.
Pittsburgh, Pennsylvania
Petra Mitchell
President
Catalyst Connection
Pittsburgh, Pennsylvania
Grant Oliphant
President and Chief Executive Officer
The Pittsburgh Foundation
Pittsburgh, Pennsylvania
Robert A. Paul
Chairman and Chief Executive Officer
Ampco–Pittsburgh Corporation
Pittsburgh, Pennsylvania

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