Federal Reserve Bank of Cleveland Appoints Evelyn Magas Vice President of Information Technology Services

Evelyn Magas has been appointed vice president, Information Technology Services, at the Federal Reserve Bank of Cleveland, effective September 16. She will lead applications development, end user support, and automation infrastructure support for the Bank. (Find hi-res photo here.)

Magas joined the Cleveland Reserve Bank in 1985 as a bank examiner. She has held positions of increasing responsibility within the Supervision and Regulation Department, including information technology banking supervisor and operational risk banking supervisor. She is currently an assistant vice president with responsibility for business technology services and information management.

A Cleveland native, Magas has an MBA in management information systems and an undergraduate degree in finance from the University of Toledo.

The Federal Reserve System

The Federal Reserve Bank of Cleveland is one of 12 regional Reserve Banks that, along with the Board of Governors in Washington, D.C., comprise the Federal Reserve System. As the nation's central bank, the Federal Reserve System formulates U.S. monetary policy, supervises banks and bank and financial holding companies, and provides payment services to financial institutions and to the U.S. government. Payment services include check clearing, electronic payments, and the distribution of currency and coin.

Fourth Federal Reserve District

The Federal Reserve Bank of Cleveland, with branches in Cincinnati and Pittsburgh, serves the Fourth Federal Reserve District, which includes Ohio, western Pennsylvania, eastern Kentucky, and the northern panhandle of West Virginia. For information on the Federal Reserve Bank of Cleveland, see www.clevelandfed.org or follow us on Facebook and Twitter (@ClevelandFed).