Cleveland Fed announces appointments to Cleveland, Cincinnati, and Pittsburgh boards
The Federal Reserve Bank of Cleveland announced the following appointments to its main office board of directors and its branch boards in Cincinnati and Pittsburgh effective January 1, 2021.
Federal Reserve Bank of Cleveland
Visit the Cleveland Board of Directors page for more information.
Cincinnati Branch, Federal Reserve Bank of Cleveland
Visit the Cincinnati Board of Directors page for additional information.
Pittsburgh Branch, Federal Reserve Bank of Cleveland
Visit the Pittsburgh Board of Directors page for more information.
Reserve Bank Directors
Each Reserve Bank’s main office has a nine-member board of directors. Three directors are elected by and representative of the member banks in each Federal Reserve District. The other six directors represent the general public, with due, but not exclusive, consideration to the interests of agriculture, commerce, industry, services, labor, and consumers. Of the six, three are elected by member banks, and three are appointed by the Federal Reserve’s Board of Governors in Washington DC.
Main office directors’ responsibilities include making recommendations to the Board of Governors regarding the Federal Reserve’s discount rate on primary credit; providing information about regional business conditions; and overseeing the Bank’s budget and finances.
Each Reserve Bank branch has a five- or seven-member board of directors whose members provide input regarding local business conditions and their respective industries. They also help to identify opportunities that connect the Federal Reserve to the general public.
Visit Our Directors page for more information about the members of the boards of directors of the Federal Reserve Bank of Cleveland and its branches.
Federal Reserve Bank of Cleveland
The Federal Reserve Bank of Cleveland is one of 12 regional Reserve Banks that along with the Board of Governors in Washington DC comprise the Federal Reserve System. Part of the US central bank, the Cleveland Fed participates in the formulation of our nation’s monetary policy, supervises banking organizations, provides payment and other services to financial institutions and to the US Treasury, and performs many activities that support Federal Reserve operations System-wide. In addition, the Bank supports the well-being of communities across the Fourth Federal Reserve District through a wide array of research, outreach, and educational activities.
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