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Bank Announces Officer Promotions

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Contact: Katherine Dibling, E-mail Senior Media Representative, (215) 574-4119

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Philadelphia, Pa. - The Federal Reserve Bank of Philadelphia today announced the promotions of Robert M. Hunt to vice president and director of the Payment Cards Center; Leonard I. Nakamura to vice president and economist of the Regional and Microeconomics section of the Research Department; H. Robert Tillman to assistant vice president in the Supervision, Regulation and Credit Department; and Thomas J. Lombardo to assistant vice president for financial institutions outreach.

Robert M. HuntRobert M. Hunt

Hunt has served as director of the Payment Cards Center since April 2009. He joined the center in January 2009 as an assistant vice president. He also continues to coordinate the Bank’s Program on Consumer Credit and Payments, which takes an interdisciplinary approach to studying these issues. Prior to that, he was a senior economist in the Bank’s Research Department. In that position, he also served as the department’s principal liaison to the Payment Cards Center, providing advice on projects and papers and helping to organize conferences. Before joining the Bank in 1998, Hunt worked for the U.S. Congressional Budget Office. Prior to attending graduate school, he was an industry risk analyst for Bank One, Indianapolis. He received a bachelor's degree from Butler University and a Ph.D. in economics from the University of Pennsylvania.

Leonard I. NakamuraLeonard I. Nakamura

Nakamura was assistant vice president and economist. He heads the Regional and Microeconomics section of the Research Department. His staff produces the Bank’s well-known economic indicators, including the Business Outlook Survey, a regional manufacturing survey, and the State Coincident Indexes. Before joining the Philadelphia Fed in 1988, Nakamura worked as an economist for Citibank. He has taught courses at the Wharton School, Swarthmore College, and Bryn Mawr College, and he has been on the faculty at Rutgers University. He received a bachelor’s degree from Swarthmore College and master’s and Ph.D. degrees from Princeton University.

H. Robert TillmanH. Robert Tillman

Tillman was special advisor in the Bank’s Supervision, Regulation and Credit Department. In that position, he oversaw the anti-money-laundering program. In his new role, he assumes responsibility for the Regulatory Applications and the Financial Institutions Structure units. Tillman will continue to serve as program manager for Partnership for Progress, External Link a Federal Reserve System initiative designed to help enhance the ability of minority-owned and de novo financial institutions to succeed in the marketplace. Before joining the Bank in 2005, he was director of the New Jersey Department of Banking and Insurance, where he handled financial institution applications. Prior to joining the New Jersey Banking Division, Tillman worked for 16 years as a bank attorney. Tillman received a bachelor’s degree in economics from Boston University and a juris doctor from Cornell Law School.

Thomas J. LombardoThomas J. Lombardo

Lombardo has been an officer since 2007 and will continue to be responsible for fostering and maintaining relationships with the Third District’s depository institutions. He will continue to serve as assistant secretary to the Bank’s Board of Directors. Since joining the Bank in 1972, Lombardo has held various analyst and management positions, including a supervisory position in Treasury Services and another as a manager of the electronic funds transfer business line. Lombardo also served as the Third District’s transition manager for check modernization projects and, in 2003, oversaw the migration of the Bank’s check processing systems to a central platform that served the entire Federal Reserve System. He is active in PhillyFedCARES, the Bank’s community service and volunteer initiative. 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. It is one of the 12 regional Reserve 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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