The Cluff Fund

The Anthony T. Cluff Fund was named for the Roundtable's former Executive Director, Anthony T. Cluff. Cluff served as Executive Director of the Bankers Roundtable, now known as The Financial Services Roundtable, from 1980 to 1999, and to its predecessor association - The Association of Reserve City Bankers. He managed the administrative, legislative, regulatory and research affairs of the Roundtable, and initiated and directed the work of the Roundtable's standing committees and Board of Directors.

Before joining the Roundtable, Cluff received his PhD in Economics from The George Washington University in 1970 and served as an economist in the Office of Financial Analysis at the Department of Treasury before moving on to a position as an economist for the American Bankers Association. He then served as Director of Research for the Securities Industry Association and served as a professional staff member for the U.S. Senate Committee on Banking, Housing, and Urban Affairs. He oversaw the Roundtable's Banking Research Fund program , which sponsored research on banking and financial issues of interest to public policymakers and the general public. Dr. Cluff also conducted his own research and analyses of banking and financial issues of to interest to the Roundtable membership. The Banking Research Fund program was renamed the Anthony T. Cluff Fund.

Trustees:

The Cluff Research Fund designs, approves, and funds research on issues affecting the financial services industry and related public policy. The results of the studies inform and educate members, industry, and government.

Terms Expiring 2015
Mr. Edvaldo Morata - Sovereign Bank
Mr. Paul Smith - State Farm

Terms Expiring 2014
Mr. John R. Woerner - Ameriprise Financial

Terms Expiring 2013
Mr. Bill Askew, Chairman - Regions Financial Corporation
Ms. Karen Peetz, Vice Chairman - BNY Mellon Corporation
Mr. Richard Bielen - Protective Life Corporation

Terms Expiring 2012
Mr. Mark W. Mullin - Transamerica
Mr. Kent Adams - Capital One Financial Corporation
Ms. Jonathan M. Kemper - Commerce Bank
Ms. Mark R. Tresher - Nationwide

Reports:

• Modernizing Insurance Regulation in the United States
• SYSTEMIC RISK IMPLEMENTATION: Recommendations to the Financial Stability Oversight Council and the Office of Financial Research
• Decomposing the Impact of Brokered Deposits on Bank Failure: Theory and Practice
• Procyclical versus Countercyclical Policy Effects on Financial Services

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