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Press Release

Cleveland Fed Announces Officer Appointment

Jimmie Gray has been promoted to assistant vice president in the Cash Department of the Federal Reserve Bank of Cleveland. In his new role, Gray will oversee the compliance, analytics, and budget teams.

Gray joined the Bank in 2016 as a project manager and supported several continuous improvement initiatives across the organization before being promoted to core operations manager on the Credit Risk Management team. In that role, he oversaw the core business operations which include Payment System Risk and Collateral Operations. Gray also served as a project manager in Treasury Services, responsible for operational excellence, quality, and business process improvement. Prior to joining the Cleveland Fed, Gray had extensive leadership experience in manufacturing, engineering, operations, supply chain, quality, and optimized business practices.

Gray is a member of the American Society for Quality (ASQ) and a member of the Stepstone Academy board. He has a BS in automated manufacturing engineering technology from the University of Akron, an MS in industrial engineering, an EMBA from Cleveland State University, and an EdD in leadership studies from Ashland University. He is a certified Lean Six Sigma Master Black Belt from Villanova University and certified Manager of Quality/Operational Excellence from ASQ.

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