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Philadelphia Fed Announces Three Promotions

For immediate release
Contact: Katherine Q. Dibling at (215) 574-4119

PHILADELPHIA, Pa. – The Federal Reserve Bank of Philadelphia has promoted Aileen Boer to assistant vice president, research support; Suzanne Furr to assistant vice president and assistant general auditor; and Tom Lombardo to financial services industry relations officer.

Boer was promoted to officer in 2003. Her responsibilities now include Federal Reserve System activities, departmental strategic planning, and management of special projects. Boer started her career at the Bank in 1972 in the Research Department’s library as a reference librarian. She was promoted to library manager in 1978 and to manager of Financial Statistics in 1988. In 1995, Boer became Research Department manager. She has a bachelor’s degree in economics from Grove City College and a master’s in library science from Drexel University.

Since January 2004, Furr has served as wholesale product officer. She will now have responsibility for the day-to-day operation of the Bank’s Audit Department and serve as secretary to the Audit Committee. Furr joined the Bank in 1986 as a business planning analyst. She served as an associate specialist and senior analyst in electronic funds transfer from 1988 to 1991. After that, Furr held a number of management positions in securities, wholesale payments, and the Cash Fiscal Product Office. She has a bachelor’s degree in marketing and finance and an MBA from Drexel University.

Lombardo was director of financial services industry relations. In his new position, he will continue to be responsible for the Bank’s financial institution outreach efforts. The purpose of outreach activity is to foster, improve, and maintain Federal Reserve relationships with commercial bankers.

Since 1972, Lombardo has held various analyst and management positions at the Bank. Previous management positions include a supervisory position in Treasury Services and manager of the electronic funds transfer business line. He also served as District transition manager for the Bank's check conversion to the Federal Reserve System's centralized check processing platform. Lombardo has a bachelor’s degree in business administration from La Salle University.

The Federal Reserve Bank of Philadelphia helps formulate and implement monetary policy, supervises banks and bank holding companies, and provides financial services to depository institutions and the federal government. One of the 12 regional Banks that, together with the Board of Governors in Washington, D.C., make up the Federal Reserve System, the Philadelphia Federal Reserve Bank serves eastern Pennsylvania, southern New Jersey, and Delaware.

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