About Federal Reserve Bank of Cleveland
The Federal Reserve Bank of Cleveland is one of 12 Reserve Banks that together with the Board of Governors in Washington DC and the Federal Open Market Committee (FOMC) comprise the Federal Reserve System, which was created by Congress to provide the nation with a safer, more flexible, and more stable monetary and financial system. As the US central bank, the Federal Reserve formulates and implements monetary policy-the actions undertaken by a central bank to influence the availability and cost of money and credit to help promote national economic goals-provides payment services to financial institutions and the US government, and supervises banking and other financial institutions.
Led by its president and chief executive officer, Loretta J. Mester, the Cleveland Fed operates from its headquarters in downtown Cleveland and from its Cincinnati and Pittsburgh Branches. It employs some 1,000 people and serves the Fourth Federal Reserve District, which covers Ohio, western Pennsylvania, the northern panhandle of West Virginia, and eastern Kentucky… Continue reading about Federal Reserve Bank of Cleveland here.