Federal Reserve Bank of Cleveland

The Federal Reserve Bank of Cleveland, established in 1914, is one of the 12 regional Reserve Banks in the Federal Reserve System. It is headquartered in a historic building in Cleveland, Ohio, and serves the Fourth Federal Reserve District, which includes all of Ohio, parts of Kentucky, Pennsylvania, and West Virginia. The bank's mission is to promote the stability and efficiency of the nation’s monetary and financial systems while enhancing the economic well-being of its communities. The Cleveland Fed operates in six core areas: economic research and analysis, banking supervision and regulation, payments and treasury services, cash services, community development, and financial literacy outreach. It plays a vital role in supervising state member banks, managing electronic payment systems, and providing resources for financial education. The bank is led by President and CEO Beth M. Hammack and has a diverse Board of Directors representing various sectors.