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Press Release

Federal Reserve Bank of Cleveland Names New Advisory Council Members

06.21.2002

The Federal Reserve Bank of Cleveland announced the following appointments to its community bank and business advisory councils. Each council meets three times a year with Reserve Bank President Jerry Jordan and other Bank officials. All of the appointments are for terms ending in December 2004.

The Community Bank Advisory Council was formed in 1985 to help inform the Cleveland Fed about issues of interest and concern to community bankers in the Fourth Federal Reserve District. The new members of the council are:

  • Michael M. Cottle, president and chief executive officer, The First National Bank of Blanchester, Blanchester, Ohio
  • Luther Deaton, Jr., chairman, president and chief executive officer, Central Bank & Trust Company, Lexington, Kentucky
  • (Mr.) G. Courtney Haning, chairman, president and chief executive officer, The Peoples National Bank, New Lexington, Ohio.

The Business Advisory Council was established in 1985 to provide a forum for discussion of economic conditions and their effects on business in the Fourth Federal Reserve District. The new members of the council are:

  • William E. Adams, chairman and chief executive officer, Adams Manufacturing Corporation, Portersville, Pennyslvania
  • R. Duane Hord, president, Hord Livestock Company, Inc., Bucyrus, Ohio
  • Frederick D. Pond, president, Ridge Tool Company, Inc., Elyria, Ohio.

 

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