Toby Trocchio is a manager in the Credit Risk Management Department at the Federal Reserve Bank of Cleveland. A principal function of the 12 Federal Reserve Banks is the extension of credit to depository institutions to accommodate commerce, industry, and agriculture. Mr. Trocchio is responsible for monitoring and administering daytime and overnight credit to depository institutions in the Fourth Federal Reserve District (which includes Ohio, western Pennsylvania, eastern Kentucky, and the northern panhandle of West Virginia) through the Cleveland Reserve Bank’s discount window, payment system risk, condition monitoring, and collateral functions.

Mr. Trocchio joined the Federal Reserve Bank of Cleveland in 2003 as a financial analyst in the Statistics and Analysis Department, and in 2005, he was promoted to coordinator of its Regulatory Reports unit. In 2007, he joined the Credit Risk Management Department as coordinator of discount window and collateral administration. He was named to his current position in 2011.

Mr. Trocchio holds a bachelor’s degree in finance from The University of Akron and an MBA from Ashland University.