Mr. DelliBovi directs the Bank's overall operations to facilitate the extension of credit products and services to 300 neighborhood-based lenders in New Jersey, New York, Puerto Rico, and the U.S. Virgin Islands.

Mr. DelliBovi has earned national recognition as an authority on banking, the lending industry, housing, and public finance. He is a Board Member of the Regional Plan Association and of the Pentegra Group Defined Contribution Plan and Chairperson of the Resolution Funding Corporation Directorate.

Previously, Mr. DelliBovi served as Deputy Secretary of the U.S. Department of Housing and Urban Development, from 1989 until 1992. As Deputy Secretary, Mr. DelliBovi was the Chief Operating Officer of the Department. As the manager of Secretary Jack Kemp's transition, which uncovered serious deficiencies in financial management and program integrity, Mr. DelliBovi organized and directed the team effort to implement changes required to overhaul the Department.

In May 1992, President Bush appointed Mr. DelliBovi Co-Chairman of the Presidential Task Force on Recovery in Los Angeles.

Mr. DelliBovi served as a senior official at the U.S. Department of Transportation in the Reagan Administration.

Mr. DelliBovi was elected to four terms in the New York State Assembly.