Cleveland Fed announces appointments to Cleveland, Cincinnati, and Pittsburgh boards
The Federal Reserve Bank of Cleveland announced the following appointments to its main office board of directors and its branch boards in Cincinnati and Pittsburgh effective January 1, 2020.
Federal Reserve Bank of Cleveland
Dawne S. Hickton, president and chief operating officer, Jacobs Aerospace, Technology, and Nuclear (ATN), Pittsburgh, Pennsylvania, was reappointed as chair of the board of directors of the Federal Reserve Bank of Cleveland for 2020. Hickton served as chair of the board in 2018 and 2019 and deputy chair in 2017. She has been a director of the Cleveland board since 2016. Hickton also served as a director of the Federal Reserve Bank of Cleveland, Pittsburgh Branch, from 2012 to 2015, and she was chair of the branch board in 2014 and 2015.
Dwight E. Smith, president and chief executive officer, Sophisticated Systems, Inc., Columbus, Ohio, was appointed to a second term as director and was reappointed deputy chair of the board for 2020. Smith served as deputy chair of the Cleveland board for 2018 and 2019 and as a director of the board since 2017. Smith also served as a director of the Federal Reserve Bank of Cleveland, Cincinnati Branch, in 2015 and 2016.
Amy G. Brady, chief information officer and executive vice president, KeyCorp, Cleveland, Ohio, was elected a director.
David Megenhardt, executive director, United Labor Agency, Cleveland, Ohio, was reelected a director.
You can find more information on the Cleveland board here.
Cincinnati Branch, Federal Reserve Bank of Cleveland
Jenell R. Ross, president, Bob Ross Auto Group, Centerville, Ohio, was reappointed chair of the board of directors of the Federal Reserve Bank of Cleveland, Cincinnati Branch, for 2020. Ross has been a director of the branch board since 2018.
Darin Hall, president and chief executive officer, Civitas Development Group, Cincinnati, Ohio, was reappointed a director.
Holly Wiedemann, president and founder of AU Associates, Inc., Lexington, Kentucky, was reappointed a director.
More information on the Cincinnati board is available here.
Pittsburgh Branch, Federal Reserve Bank of Cleveland
Dmitri Shiry, managing partner, Deloitte LLP, Pittsburgh, Pennsylvania, was reappointed chair of the board of directors of the Federal Reserve Bank of Cleveland, Pittsburgh Branch, for 2020 and was reappointed a director. Shiry has been a director of the branch board since 2016.
Shelley Fant, president and chief executive officer, FCG Solutions, Inc., Pittsburgh, Pennsylvania was reappointed a director.
Kathryn Klaber, managing partner, The Klaber Group, Sewickley, Pennsylvania, was reappointed a director.
Additional information on the Pittsburgh board can be found here.
Reserve Bank Directors
Each Reserve Bank’s main office has a nine-member board of directors. Three directors are elected by and representative of the member banks in each Federal Reserve District. The other six directors represent the general public, with due, but not exclusive, consideration to the interests of agriculture, commerce, industry, services, labor, and consumers. Of the six, three are elected by member banks, and three are appointed by the Federal Reserve’s Board of Governors in Washington DC.
Main office directors’ responsibilities include making recommendations to the Board of Governors regarding the Federal Reserve’s discount rate on primary credit; providing information about regional business conditions; and overseeing the Bank’s budget and finances.
Each Reserve Bank branch has a five- or seven-member board of directors whose members provide input regarding local business conditions and their respective industries. They also help to identify opportunities that connect the Federal Reserve to the general public.
Find additional information about the members of the boards of directors of the Federal Reserve Bank of Cleveland and its branches here.
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.
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