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June 8, 2022

Richmond Fed Announces Officer Appointments

The Federal Reserve Bank of Richmond announces the following appointments:

Carrie Cook has been appointed vice president of Community Development and community affairs officer, with responsibility for the Richmond Fed’s work understanding economic conditions and issues affecting low- and moderate-income communities.

Cook joined the Fed from GreenLight Fund Charlotte, where she was the founding executive director. She previously held leadership roles at the Charlotte Regional Business Alliance and was a regional liaison for former U.S. Sen. Kay R. Hagan.

Cook earned a bachelor’s degree in communications from the University of North Carolina at Greensboro and a master’s in public administration from UNC at Chapel Hill.

Fred Shuford has been appointed a vice president of Federal Reserve Financial Services, with responsibility for leading teams responsible for technology related to banknote processing equipment, collaboration with other agencies managing currency, research and development, and cash operations support.

Shuford joined the Richmond Fed in 2009 as a manager in the Fed’s Currency Technology Office. He previously worked for Altria as a research scientist and quality coordinator.

Shuford earned a bachelor’s degree in zoology from Howard University, a master’s in teaching from the University of Richmond and an MBA from Virginia Commonwealth University.

Tom Bilston was named an assistant vice president in Supervision, Regulation and Credit, leading a team that evaluates retail credit risk management, capital adequacy and planning, financial risk management and internal controls at large financial firms.

Bilston joined the Richmond Fed in 2015. He previously worked as a financial stability analyst at the Reserve Bank of Australia.

Bilston earned an advanced diploma from Royal Melbourne Institute of Technology and a bachelor’s degree from the Latrobe University in Melbourne.

Jon Read was named an assistant vice president in Supervision, Regulation and Credit, managing a team of examiners focused on liquidity risk management supervisory activities at large financial firms.

Read joined the Federal Reserve in 2006 as an examiner and joined the Richmond Fed in 2011, working on the team supervising Bank of America. He earned a bachelor’s degree from Colorado State University.


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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