PITTSBURGH--(BUSINESS WIRE)--Guhan Venkatu has been named vice president and senior regional officer for the Federal Reserve Bank of Cleveland’s Pittsburgh Branch, effective September 1.
“Guhan brings extensive experience as an economist and deep knowledge of the western Pennsylvania region to his new role, and he is well-equipped to help us expand our relationships with business, banking, and community leaders in the area.”
Venkatu brings 15 years of Reserve Bank experience to the office and will be responsible for maintaining a strong presence for the Bank throughout its Pittsburgh region, which includes Erie, Pennsylvania, Wheeling, West Virginia, and Steubenville, Ohio. He will be the senior official of the Pittsburgh Branch and manage relationships with key stakeholders in the area. Venkatu will also serve as the Branch’s regional economist. He succeeds Robert Schaub, who retired earlier this year after 38 years of service at the Bank.
“I am delighted that Guhan will be leading our Pittsburgh branch into the future,” said Sandra Pianalto, president and chief executive officer of the Federal Reserve Bank of Cleveland. “Guhan brings extensive experience as an economist and deep knowledge of the western Pennsylvania region to his new role, and he is well-equipped to help us expand our relationships with business, banking, and community leaders in the area.”
For the past several years, Venkatu’s economic research has focused on inflation and inflation expectations, housing and household finance, and factors related to regional economic growth. His research and analysis has been a resource for the public, and he has advised and informed the Bank president and board of directors on economic conditions and various policy issues.
“Residents of the Pittsburgh region can look to and depend upon the Federal Reserve Bank of Cleveland for economic research and information that is relevant to their families and businesses,” said Venkatu. “We have always been committed to Pittsburgh region as an important part of our District.”
Venkatu joined the Federal Reserve Bank of Cleveland in 1998 as a research analyst in the Research Department. In his tenure with the Bank, he has held positions of increasing responsibility. Most recently he held the position of economist.
He is a member of the Ohio Governor’s Council of Economic Advisors and the board of trustees of the Cleveland Chapter of the National Association for Business Economics and speaks regularly on the economy to various community groups.
A native of Stow, Ohio, Venkatu earned both his bachelor’s and master’s degrees in economics from Miami University in Oxford, Ohio.
The Federal Reserve System
The Federal Reserve Bank of Cleveland is one of 12 regional Reserve Banks that, along with the Board of Governors in Washington, D.C., comprise the Federal Reserve System. As the nation's central bank, the Federal Reserve System formulates U.S. monetary policy, supervises banks and bank and financial holding companies, and provides payment services to financial institutions and to the U.S. government. Payment services include check clearing, electronic payments, and the distribution of currency and coin.
Fourth Federal Reserve District
The Federal Reserve Bank of Cleveland, with branches in Cincinnati and Pittsburgh, serves the Fourth Federal Reserve District, which includes Ohio, western Pennsylvania, eastern Kentucky, and the northern panhandle of West Virginia. For information on the Federal Reserve Bank of Cleveland, see www.clevelandfed.org or follow us on Facebook and Twitter (@ClevelandFed).