Marvin to Chair Federal Reserve Bank of Minneapolis Again
John W. (Jake) Marvin, chairman and CEO of the Marvin Cos., has been selected by the Federal Reserve Board of Governors to serve another term as chair of the Federal Reserve Bank of Minneapolis. Marvin’s new term will expire Dec. 31, 2011.
The Minneapolis bank is one of 12 regional Federal Reserve Banks across the country. As chair, Marvin heads a nine-person board of directors overseeing the bank’s operations. The Minneapolis bank serves the 9th Federal Reserve District, encompassing Minnesota, North Dakota, South Dakota, Montana and portions of northern Wisconsin and Michigan.
“I’m honored that the Board of Governors has again entrusted me with leading the Minneapolis bank,” says Marvin. “It’s a great responsibility, and I look forward to working with the bank’s outstanding staff and my fellow directors to support the growth and health of businesses in our district.”
Marvin has worked for the Marvin Cos., which include Marvin Windows & Doors, Integrity Windows & Doors and Infinity Replacement Windows, since 1974 and has served on the board of the Federal Reserve Bank of Minneapolis since 2006.