Cleveland Fed Announces Director Appointments and Federal Advisory Council Appointment

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, 2005.

Federal Reserve Bank of Cleveland

Robert W. Mahoney, retired chairman and chief executive officer of Diebold, Incorporated, Canton, Ohio, has been reappointed chairman of the board of directors of the Federal Reserve Bank of Cleveland.

Charles E. Bunch, president and chief operating officer of PPG Industries, Inc., Pittsburgh, Pennsylvania, was reappointed a director and renamed deputy chairman of the board.

In addition, Henry L. Meyer III, chairman and chief executive officer of KeyCorp, Cleveland, Ohio, and Les C. Vinney, chief executive officer and president of STERIS Corporation, Mentor, Ohio, were elected directors of the Cleveland Reserve Bank.

Cincinnati Office

James M. Anderson, president and chief executive officer of the Cincinnati Children's Hospital Medical Center, Cincinnati, Ohio, was appointed a director and named chairman of the board of directors of the Cincinnati Office of the Federal Reserve Bank of Cleveland.

In addition, James H. Booth, president of the Czar Coal Corporation, Lovely, Kentucky, and Herbert R. Brown, senior vice president of Western & Southern Financial Group, Cincinnati, Ohio, were reappointed as directors.

Pittsburgh Office

Roy W. Haley, chairman and chief executive officer of WESCO International, Inc., Pittsburgh, Pennsylvania, has been 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 ATS-Chester Engineers, Inc., Pittsburgh, Pennsylvania, and Michael J. Hagan, president and chief executive officer of Iron and Glass Bank, also in Pittsburgh, were reappointed as directors.

Federal Advisory Council

Martin G. McGuinn, chairman and chief executive officer of Mellon Financial Corporation, Pittsburgh, Pennsylvania, will again represent the Fourth Federal Reserve District on the Federal Advisory Council. McGuinn's one-year term began on January 1, 2005.

The Federal Advisory 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.

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, 513.455.4479