Cleveland Fed Announces Director and Federal Advisory Council Appointments

The Federal Reserve Bank of Cleveland announced the following appointments to its main office and branch boards of directors and to the Federal Advisory Council. All appointments were effective January 1, 2002.

Federal Reserve Bank of Cleveland

David H. Hoag, retired chairman, president and chief executive officer of the LTV Corporation, Cleveland, Ohio, has been reappointed chairman of the board of directors of the Federal Reserve Bank of Cleveland.

Robert W. Mahoney, retired chairman of the board and chief executive officer of Diebold, Incorporated, Canton, Ohio, was reappointed deputy chairman of the board.

John R. Cochran, chairman and chief executive officer of FirstMerit Corporation, Akron, Ohio, and Wayne R. Embry, retired president and chief operating officer of the Team Division of the Cleveland Cavaliers, Cleveland, Ohio, were reelected directors of the Cleveland Reserve Bank.

Cincinnati Office

George C. Juilfs, chairman and chief executive officer of SENCORP, Newport, Kentucky, has been reappointed chairman of the board of directors of the Cincinnati Office of the Federal Reserve Bank of Cleveland.

In addition, James H. Booth, president of Czar Coal Corporation, Lovely, Kentucky, and Herbert R. Brown, senior vice president of The Western and Southern Life Insurance Company, Cincinnati, Ohio, were appointed directors.

Pittsburgh Office

Charles E. Bunch, executive vice president, PPG Industries, Inc., Pittsburgh, Pennsylvania, was reappointed chairman of the board of directors of the Pittsburgh Office of the Federal Reserve Bank of Cleveland.

In addition, Robert O. Agbede, president and chief executive officer of Advanced Technology Systems, Inc., Pittsburgh, Pennsylvania, and Michael J. Hagan, president and chief executive officer of Iron and Glass Bank, Pittsburgh, Pennsylvania, were appointed directors.

Federal Advisory Council

David A. Daberko, chairman and chief executive officer of National City Corporation, Cleveland, Ohio, will again represent the Fourth Federal Reserve District on the Federal Advisory Council.

The Council is composed of representatives of the banking industry from each of the 12 Federal Reserve Districts. The Council consults with and advises the Board of Governors of the Federal Reserve System on general business conditions and issues related to the financial services industry. Mr. Daberko will represent the Fourth District for a one-year term, which began January 1, 2002.

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