Rankin Appointed a Director of the Federal Reserve Bank of Cleveland

Alfred Rankin, Jr., chairman, president and CEO of NACCO Industries, Inc., Cleveland, Ohio, has been appointed a director of the Federal Reserve Bank of Cleveland.

Rankin also serves on the boards of NACCO Industries, Goodrich Corporation, The Vanguard Group and the National Association of Manufacturers. He is a trustee of University Hospitals of Cleveland, The Cleveland Museum of Art, University Circle Incorporated, The Musical Arts Association, Case Western Reserve University, and the Greater Cleveland Partnership.

Rankin received Bachelor of Arts and Juris Doctor degrees from Yale University and is a member of the Ohio Bar Association.

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