Cleveland Fed Appoints Meder First VP and COO

CLEVELAND – The Federal Reserve Bank of Cleveland recently announced that Mark S. Meder will become the organization’s first vice president and chief operating officer, effective Feb. 1.  He will succeed Gregory L. Stefani, who will retire Jan. 31, after more than 30 years of service to the Federal Reserve System, including 10 years as first vice president of the Cleveland Fed.

As first vice president, Meder will be responsible for the operational and financial performance of the bank, strategic leadership, risk management, organizational development, and promoting a culture of diversity and inclusion.  In addition, he will serve as the executive sponsor of the bank’s large, complex technology program, Transforming Tax Collections (T2C), which entails building a new federal tax collection system for the U.S. Treasury.  

Meder currently serves as executive vice president of technology and operations, a role in which he oversees several areas of the bank, including information technology and security, cash, law enforcement, and real estate services. He joined the Cleveland Fed in 1993 in the banking supervision and regulation department and has held a variety of positions, including that of general auditor from 2012 through 2020. 

Meder earned a bachelor of business administration–accounting degree from Cleveland State University and a master of business administration degree in the Executive MBA Program at Ohio State University.

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