Federal Reserve Bank of Richmond

11/14/2024 | Press release | Distributed by Public on 11/14/2024 07:47

Richmond Fed Announces Appointments

Nov. 14, 2024

Richmond Fed Announces Appointments

The Federal Reserve Bank of Richmond announces the following appointments:

Ryan Rehorn has been named vice president in Supervision, Regulation and Credit, with responsibility for leading the team supervising Bank of America.

Rehorn joined the Richmond Fed in 2000 as a community bank examiner and joined the Bank of America team in 2010. He was later named an assistant vice president.

Rehorn earned a bachelor's degree in finance from the University of Tennessee.

Jason Schemmel has been appointed vice president in Supervision, Regulation and Credit, where he will co-lead the community and regional safety and soundness business line.

Schemmel joined the Richmond Fed in 2005 as an assistant examiner and was promoted to assistant vice president in 2015.

Schemmel holds a bachelor's degree in economics from the College of William & Mary.

Azamat Abdymomunov has been named assistant vice president in the quantitative supervision and research unit of Supervision, Regulation and Credit.

Abdymomunov joined the Richmond Fed in 2010 as a financial economist and was promoted to senior manager in 2014. He previously was an economist with the World Bank and worked for the central bank of the Kyrgyz Republic.

Abdymomunov earned a bachelor's degree from Kyrgyz National Technical University and master's and doctoral degrees from Washington 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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