Daberko to Serve on Federal Advisory Council

David A. Daberko, chairman and chief executive officer of National City Corporation, Cleveland, Ohio, will represent the Fourth Federal Reserve District on the Federal Advisory Council. The Council, which is composed of representatives from each of the 12 Federal Reserve Districts, confers periodically with the Board of Governors of the Federal Reserve System on business conditions and issues related to the banking industry. Mr. Daberko will represent the Fourth District for a one-year term which began January 1, 2000.

Mr. Daberko was appointed to the Council by the board of directors of the Federal Reserve Bank of Cleveland.

Federal Reserve Bank of Cleveland

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. Part of the US central bank, the Cleveland Fed participates in the formulation of our nation’s monetary policy, supervises banking organizations, provides payment and other services to financial institutions and to the US Treasury, and performs many activities that support Federal Reserve operations System-wide. In addition, the Bank supports the well-being of communities across the Fourth Federal Reserve District through a wide array of research, outreach, and educational activities.

The Cleveland Fed, with branches in Cincinnati and Pittsburgh, serves an area that comprises Ohio, western Pennsylvania, eastern Kentucky, and the northern panhandle of West Virginia.

Media contact

Doug Campbell, doug.campbell@clev.frb.org, 513.218.1892