Thursday, February 08, 2001

Local banker joins Cleveland Fed's board

By Jeff McKinney
The Cincinnati Enquirer

        Tristate banker Stephen P. Wilson is joining a board that gives Federal Reserve Chairman Alan Greenspan a grass-roots view of the region's economy.

        Mr. Wilson, 50, has been elected by his peers to the board of the Federal Reserve Bank of Cleveland, one of 12 regional reserve banks.

        Mr. Wilson, president and chief executive at LCNB Corp., parent of Lebanon Citizens National Bank, will represent community banks with capital between $5 million and $100 million.

        The Cleveland Fed has branches in Cincinnati and Pittsburgh and serves the Fourth Federal Reserve District, which includes Ohio, Pennsylvania, eastern Kentucky and parts of West Virginia.

        Each reserve has a nine-member board. Three directors represent banking and six others represent the general public, including business, agriculture, labor and consumers. Mr. Wilson will serve a three-year term

        The Federal Reserve System sets interest rates and regulates state-chartered banks and bank holding companies.

        “I'm honored and will take my responsibility seriously to adequately report what's going on with our part of the economy,” Mr. Wilson said.


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