The Federal Reserve Bank of Richmond announces the following officer appointments:
Sandra L. Tormoen, an assistant vice president, has been appointed as the Bank’s community affairs officer with responsibility for leading community development outreach programs, research and analysis, and content development for publications, websites and speeches. Tormoen, who joined the Richmond Fed in 1993, has most recently been leading the Bank’s civic engagement office. She holds a bachelor’s degree from the University of Alabama and a secondary education certification from James Madison University.
Jeffrey R. Gerlach, a senior financial economist, has been named an assistant vice president in the Bank’s Supervision, Regulation and Credit department, with responsibility for the risk and policy analysis group. Gerlach, who joined the Fed in 2011, leads a team of economists and quantitative specialists that evaluates quantitative risk measurement and management in banking organizations. He is a graduate of the University of Notre Dame, received a master’s degree in international studies from the University of South Carolina and earned a doctorate in economics from Indiana University.
Both appointments were effective Feb. 1.
The Richmond Fed serves the Fifth Federal Reserve District, which includes the District of Columbia, Maryland, North Carolina, South Carolina, Virginia and most of West Virginia. As part of the nation's central bank, we're one of 12 regional Reserve Banks that work together with the Federal Reserve's Board of Governors to strengthen the economy and our communities. We manage the nation's money supply to keep inflation low and help the economy grow. We also supervise and regulate financial institutions to help safeguard our nation's financial system and protect the integrity and efficiency of our payments system.