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Press Release

Federal Reserve Bank of Cleveland announces officer promotion

Evelyn Magas

Evelyn Magas was promoted to senior vice president and chief information officer of the Federal Reserve Bank of Cleveland effective February 1, 2018. She will be responsible for the strategic leadership of the Bank’s Information Technology Services, Information Security, and Business Continuity functions.

Magas began her career with the Cleveland Reserve Bank in 1985 as a bank examiner. She held positions of increasing responsibility within the Supervision and Regulation Department, including serving as an information technology banking supervisor and an operational risk banking supervisor. She was appointed assistant vice president in 2008, with responsibility for the department’s business technology services and information management.

In 2013, she was promoted to vice president with responsibility for the Bank’s Information Technology Services.

A Cleveland native, she holds a BS in finance and an MBA with a focus in management information systems from The University of Toledo.

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