July 29, 2013

Richmond Fed Announces Officer Appointment

Richmond, Va.

The Federal Reserve Bank of Richmond announces the following officer appointment:

Christopher J. Palumbo has been appointed to the position of assistant vice president in the Bank's Supervision, Regulation and Credit department. The appointment is effective July 29.

Palumbo joins the Richmond Fed from JP Morgan Chase, where he has worked in consumer and community banking, as well as fraud prevention. Prior to working for Chase, Palumbo worked for Live Well Financial and Capital One and served in the U.S. Marine Corps.

Palumbo is a graduate of Villanova University in Villanova, Pa., and received an MBA from Pepperdine University in Malibu, Calif.

As part of our nation’s central bank, the Richmond Fed is one of 12 regional Reserve Banks working together with the Board of Governors to support a healthy economy and deliver on our mission to foster economic stability and strength. We connect with community and business leaders across the Fifth Federal Reserve District — including the Carolinas, District of Columbia, Maryland, Virginia, and most of West Virginia — to monitor economic conditions, address issues facing our communities, and share this information with monetary and financial policymakers. We also work with banks to ensure they are operating safely and soundly, supply financial institutions with currency that’s fit for distribution, and provide a safe and efficient way to transfer funds through our nation’s payments system.

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