Cleveland Fed President Sandra Pianalto to participate in Federal Reserve centennial commemoration on 12/16/13

On Monday, December 16, 2013, at 2:00 pm ET, the Board of Governors of the Federal Reserve System will hold an event to commemorate the 100th anniversary of the signing of the Federal Reserve Act, which took place on December 23, 1913.

The signing of the Act by President Woodrow Wilson established the Federal Reserve as our nation's central bank. It also began the process of preparing for the opening of 12 regional Reserve Banks, including the Federal Reserve Bank of Cleveland, on November 16, 1914.

During the event, Federal Reserve Chairman Ben Bernanke will give brief remarks, followed by former chairmen Alan Greenspan and Paul Volcker.  The event will also include a ceremonial signing of a certificate commemorating the signing of the Federal Reserve Act by each of the current members of the Board of Governors and each Reserve Bank president, including Sandra Pianalto, president and CEO of the Federal Reserve Bank of Cleveland.

The public can view a live webcast of the commemoration event at

(Note: A broadcast-quality feed will also be available through Diversified Communications Inc.  Contact (202) 775-4300 or for information.)

The Federal Reserve also recently announced the launch of its History Web Gateway, a new online resource with biographies, images, and essays on key events in the Fed's 100-year history. The gateway is part of the Fed's effort during its centennial year to encourage a deeper reflection on its role in the nation's economy. The gateway can be found at

The Federal Reserve Bank of Cleveland -- with branches in Cincinnati, Ohio, and Pittsburgh, Pennsylvania -- serves the Fourth District, which comprises Ohio, western Pennsylvania, eastern Kentucky, and the northern panhandle of West Virginia. As part of the U.S. central bank, the Cleveland Fed participates in the formulation of national monetary policy, supervises banking organizations, provides payment and other services to financial institutions and the U.S. 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 District through a wide array of research, outreach, and educational activities.