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Press Release

Federal Reserve Bank of Cleveland Announces New Head of Banking Supervision

Stephen Jenkins to Replace Retiring Andrew "Bud" Burkle

Stephen Jenkins has been appointed senior vice president responsible for the banking supervision function at the Federal Reserve Bank of Cleveland, effective March 1, 2007. Jenkins will also be responsible for the Bank's Credit Risk Management and Statistics and Analysis Departments. Jenkins is replacing senior vice president Andrew "Bud" Burkle, Jr., who is retiring from the Bank after 38 years of service, effective March 31, 2007.

Jenkins will be responsible for overseeing more than 260 financial institutions in the Fourth Federal Reserve District, which includes Ohio, western Pennsylvania, eastern Kentucky and the northern panhandle of West Virginia. A vice president in the Banking Supervision and Regulation Department, Jenkins is currently responsible for overseeing the largest banking organizations in the Fourth District and their associated supervisory teams.

Jenkins joined the Bank in 1986 as a bank examiner. He was appointed assistant vice president in 1996, and vice president in 1999.

A Cleveland native, Jenkins holds a bachelor's degree from Bowling Green State University, an MBA from the University of Pittsburgh, and a degree in banking from the Graduate School of Banking at the University of Colorado. He is past president of the Northern Ohio Chapter of the Risk Management Association and serves on the board of trustees of Towards Employment, a nonprofit organization providing job readiness and placement services.

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,, 513.455.4479