Press Releases
2009
- Bank News
- Economic Research
- Learning Center/Economic Education
- ALL
- 09.14.09
- Rankin, Smucker Named Chair, Deputy Chair of Cleveland Federal Reserve Bank Board
- The Federal Reserve Board today announced the designation of the chairs and deputy chairs of the 12 Federal Reserve Banks for 2010.
- 09.02.09
- Federal Reserve Bank of Cleveland Appoints Susan Steinbrick Vice President and General Auditor
- Susan Steinbrick joined the Federal Reserve Bank of Cleveland as vice president and general auditor, effective August 17. In this position, she is responsible for the strategic leadership and oversight of the Bank’s Internal Audit function.
- 09.01.09
- LaVaughn M. Henry, Ph.D., to Lead Cincinnati Branch of the Federal Reserve Bank of Cleveland
- Dr. LaVaughn M. Henry joined the Federal Reserve Bank of Cleveland as vice president and senior regional officer for the Bank's Cincinnati Branch, effective August 24.
- 08.11.09
- Cleveland Fed Researcher Proposes Multi-tiered System for Regulating Systemically Important Financial Institutions
- A researcher at the Federal Reserve Bank of Cleveland is proposing a three-tiered system for regulating systemically important financial institutions. Tier one would include high-risk institutions, such as large, interstate banks and multi-state insurance companies. Tier two would include moderately complex financial institutions, such as larger regional banks. And tier three would include non-complex financial institutions, such as community banks. Each would receive varying degrees of oversight and regulation.
- 07.15.09
- Susan Tomasky Elected a Director of the Federal Reserve Bank of Cleveland
- Susan Tomasky, president-AEP Transmission, American Electric Power Co., Inc. (NYSE: AEP), Columbus, Ohio, was elected a director of the Federal Reserve Bank of Cleveland, effective July 1, 2009
- 05.27.09
- Foreclosures, Homeownership, Neighborhood Revitalization Focus of Cleveland Fed Forum
- Foreclosures, homeownership, and neighborhood revitalization ... those are just some of the issues that will be discussed at the Cleveland Fed’s upcoming Policy Summit on June 10, 2009.
- 05.19.09
- Economists Carlson and Haubrich Promoted at Cleveland Federal Reserve Bank
- The Federal Reserve Bank of Cleveland has announced the following official appointments, effective April 16, 2009.
- 05.14.09
- Breaking the Housing Crisis Cycle
- In its annual report, released today, the Federal Reserve Bank of Cleveland documents how the housing crisis cycle unfolded differently in its district than it did in other parts of the country. The Cleveland Fed also is proposing a multi-faceted approach to breaking the cycle that focuses on the interconnected nature of the problems that led to the crisis.
- 03.20.09
- Todd Morgano Joins Federal Reserve Bank of Cleveland as Assistant Vice President, Public Information
- Morgano will lead the Public Information Department which is responsible for media relations, management and operation of the Bank's external and internal websites, the Bank's Speakers Bureau, and other external communications activities.
- 02.20.09
- Cleveland Fed announces passing of R. Chris Moore, First VP, COO
- It is with great sadness that we announce the passing of R. Chris Moore, first vice president and chief operating officer of the Federal Reserve Bank of Cleveland, on February 20, 2009, following a valiant battle with cancer.
- 02.02.09
- Cleveland Fed Sponsors Creative Writing Contest for High School Students
- Allowances, paychecks, gifts. Money comes in and money goes out. The Federal Reserve Bank of Cleveland is offering a $500 prize for students sharing their thoughts on smart budgeting and how they keep track of their cash.
- 01.09.09
- Cleveland Fed Announces Appointments to Cleveland, Cincinnati, and Pittsburgh Boards and to the Federal Advisory Council
- CLEVELAND - The Federal Reserve Bank of Cleveland announced the following appointments to its main office and branch boards of directors and to the Federal Advisory Council. All appointments were effective January 1, 2009.
- 01.08.09
- April McClellan-Copeland Joins Cleveland Federal Reserve's Community Relations Staff
- April McClellan-Copeland joins the Federal Reserve Bank of Cleveland's Community Relations Department as communications coordinator, effective December 22, 2008.
- 10.29.09
- Inflation Expectations Stable, Suggests New Gauge from Cleveland Fed Researcher
- A new method of gauging inflation expectations and real interest rates provides some evidence that longer-term inflation expectations remain near historic lows, in the neighborhood of 2 percent.
- 08.11.09
- Cleveland Fed Researcher Proposes Multi-tiered System for Regulating Systemically Important Financial Institutions
- A researcher at the Federal Reserve Bank of Cleveland is proposing a three-tiered system for regulating systemically important financial institutions. Tier one would include high-risk institutions, such as large, interstate banks and multi-state insurance companies. Tier two would include moderately complex financial institutions, such as larger regional banks. And tier three would include non-complex financial institutions, such as community banks. Each would receive varying degrees of oversight and regulation.
- 07.22.09
- Cleveland Fed Researcher Debunks Popular Myths about Subprime Mortgage Crisis
- As efforts to address foreclosures and resolve the current housing crisis continue, a Cleveland Fed researcher says much of what we believe about what led to the mess we're in is a myth.
- 05.14.09
- Breaking the Housing Crisis Cycle
- In its annual report, released today, the Federal Reserve Bank of Cleveland documents how the housing crisis cycle unfolded differently in its district than it did in other parts of the country. The Cleveland Fed also is proposing a multi-faceted approach to breaking the cycle that focuses on the interconnected nature of the problems that led to the crisis.
- 05.08.09
- Fed, OCC, and FDIC release results of the Supervisory Capital Assessment Program
- The results of a comprehensive, forward-looking assessment of the financial conditions of the nation’s 19 largest bank holding companies (BHCs) by the federal bank supervisory agencies were released on Thursday.
- 05.08.09
- The Federal Reserve Board on Thursday approved final rules that revise the disclosure requirements for mortgage loans under Regulation Z (Truth in Lending).
- The revisions implement the Mortgage Disclosure Improvement Act (MDIA), which was enacted in July 2008 as an amendment to the Truth in Lending Act (TILA).
- 04.15.09
- Cleveland, Pittsburgh Neighborhoods Similar, But Untangling Foreclosure Crisis May Prove Elusive
- The neighborhoods of North Collinwood on Cleveland’s east side and Braddock, a Pittsburgh borough overlooking the Monongahela River, are statistically similar. Why, then, is the foreclosure rate in North Collinwood (20.75 percent) nearly four times as high as the foreclosure rate in Braddock (5.2 percent)? It may be differences in the state regulatory environments.
- 02.12.09
- Successfully Resolving Financial Crises: Cleveland Fed Notes Lessons from Sweden
- As policymakers worldwide focus on resolving the current financial crisis, they might look to Sweden as a useful model for effective financial crisis resolution, according to a study released today by the Federal Reserve Bank of Cleveland.
- 01.21.09
- Consumers May Face Higher Mortgage Costs, Says Cleveland Fed
- How much is your adjustable-rate mortgage costing you? Consumers expecting relief may be unpleasantly surprised. In 2009, homeowners holding Libor-based ARMs will pay $34 million more in Ohio alone, says Federal Reserve Bank of Cleveland study
- 07.01.09
- Sharing Story on Budget Bests Earns Student $500
- Daniel James Welsh, a senior at Larry A. Ryle High School in Union, Kentucky, is the winner of the Cleveland Federal Reserve Bank's 2009 creative writing contest for high school students.
- 10.29.09
- Inflation Expectations Stable, Suggests New Gauge from Cleveland Fed Researcher
- A new method of gauging inflation expectations and real interest rates provides some evidence that longer-term inflation expectations remain near historic lows, in the neighborhood of 2 percent.
- 09.14.09
- Rankin, Smucker Named Chair, Deputy Chair of Cleveland Federal Reserve Bank Board
- The Federal Reserve Board today announced the designation of the chairs and deputy chairs of the 12 Federal Reserve Banks for 2010.
- 09.02.09
- Federal Reserve Bank of Cleveland Appoints Susan Steinbrick Vice President and General Auditor
- Susan Steinbrick joined the Federal Reserve Bank of Cleveland as vice president and general auditor, effective August 17. In this position, she is responsible for the strategic leadership and oversight of the Bank’s Internal Audit function.
- 09.01.09
- LaVaughn M. Henry, Ph.D., to Lead Cincinnati Branch of the Federal Reserve Bank of Cleveland
- Dr. LaVaughn M. Henry joined the Federal Reserve Bank of Cleveland as vice president and senior regional officer for the Bank's Cincinnati Branch, effective August 24.
- 08.11.09
- Cleveland Fed Researcher Proposes Multi-tiered System for Regulating Systemically Important Financial Institutions
- A researcher at the Federal Reserve Bank of Cleveland is proposing a three-tiered system for regulating systemically important financial institutions. Tier one would include high-risk institutions, such as large, interstate banks and multi-state insurance companies. Tier two would include moderately complex financial institutions, such as larger regional banks. And tier three would include non-complex financial institutions, such as community banks. Each would receive varying degrees of oversight and regulation.
- 08.11.09
- Cleveland Fed Researcher Proposes Multi-tiered System for Regulating Systemically Important Financial Institutions
- A researcher at the Federal Reserve Bank of Cleveland is proposing a three-tiered system for regulating systemically important financial institutions. Tier one would include high-risk institutions, such as large, interstate banks and multi-state insurance companies. Tier two would include moderately complex financial institutions, such as larger regional banks. And tier three would include non-complex financial institutions, such as community banks. Each would receive varying degrees of oversight and regulation.
- 07.22.09
- Cleveland Fed Researcher Debunks Popular Myths about Subprime Mortgage Crisis
- As efforts to address foreclosures and resolve the current housing crisis continue, a Cleveland Fed researcher says much of what we believe about what led to the mess we're in is a myth.
- 07.15.09
- Susan Tomasky Elected a Director of the Federal Reserve Bank of Cleveland
- Susan Tomasky, president-AEP Transmission, American Electric Power Co., Inc. (NYSE: AEP), Columbus, Ohio, was elected a director of the Federal Reserve Bank of Cleveland, effective July 1, 2009
- 07.01.09
- Sharing Story on Budget Bests Earns Student $500
- Daniel James Welsh, a senior at Larry A. Ryle High School in Union, Kentucky, is the winner of the Cleveland Federal Reserve Bank's 2009 creative writing contest for high school students.
- 05.27.09
- Foreclosures, Homeownership, Neighborhood Revitalization Focus of Cleveland Fed Forum
- Foreclosures, homeownership, and neighborhood revitalization ... those are just some of the issues that will be discussed at the Cleveland Fed’s upcoming Policy Summit on June 10, 2009.
- 05.19.09
- Economists Carlson and Haubrich Promoted at Cleveland Federal Reserve Bank
- The Federal Reserve Bank of Cleveland has announced the following official appointments, effective April 16, 2009.
- 05.14.09
- Breaking the Housing Crisis Cycle
- In its annual report, released today, the Federal Reserve Bank of Cleveland documents how the housing crisis cycle unfolded differently in its district than it did in other parts of the country. The Cleveland Fed also is proposing a multi-faceted approach to breaking the cycle that focuses on the interconnected nature of the problems that led to the crisis.
- 05.14.09
- Breaking the Housing Crisis Cycle
- In its annual report, released today, the Federal Reserve Bank of Cleveland documents how the housing crisis cycle unfolded differently in its district than it did in other parts of the country. The Cleveland Fed also is proposing a multi-faceted approach to breaking the cycle that focuses on the interconnected nature of the problems that led to the crisis.
- 05.08.09
- Fed, OCC, and FDIC release results of the Supervisory Capital Assessment Program
- The results of a comprehensive, forward-looking assessment of the financial conditions of the nation’s 19 largest bank holding companies (BHCs) by the federal bank supervisory agencies were released on Thursday.
- 05.08.09
- The Federal Reserve Board on Thursday approved final rules that revise the disclosure requirements for mortgage loans under Regulation Z (Truth in Lending).
- The revisions implement the Mortgage Disclosure Improvement Act (MDIA), which was enacted in July 2008 as an amendment to the Truth in Lending Act (TILA).
- 04.15.09
- Cleveland, Pittsburgh Neighborhoods Similar, But Untangling Foreclosure Crisis May Prove Elusive
- The neighborhoods of North Collinwood on Cleveland’s east side and Braddock, a Pittsburgh borough overlooking the Monongahela River, are statistically similar. Why, then, is the foreclosure rate in North Collinwood (20.75 percent) nearly four times as high as the foreclosure rate in Braddock (5.2 percent)? It may be differences in the state regulatory environments.
- 03.20.09
- Todd Morgano Joins Federal Reserve Bank of Cleveland as Assistant Vice President, Public Information
- Morgano will lead the Public Information Department which is responsible for media relations, management and operation of the Bank's external and internal websites, the Bank's Speakers Bureau, and other external communications activities.
- 02.20.09
- Cleveland Fed announces passing of R. Chris Moore, First VP, COO
- It is with great sadness that we announce the passing of R. Chris Moore, first vice president and chief operating officer of the Federal Reserve Bank of Cleveland, on February 20, 2009, following a valiant battle with cancer.
- 02.12.09
- Successfully Resolving Financial Crises: Cleveland Fed Notes Lessons from Sweden
- As policymakers worldwide focus on resolving the current financial crisis, they might look to Sweden as a useful model for effective financial crisis resolution, according to a study released today by the Federal Reserve Bank of Cleveland.
- 02.02.09
- Cleveland Fed Sponsors Creative Writing Contest for High School Students
- Allowances, paychecks, gifts. Money comes in and money goes out. The Federal Reserve Bank of Cleveland is offering a $500 prize for students sharing their thoughts on smart budgeting and how they keep track of their cash.
- 01.21.09
- Consumers May Face Higher Mortgage Costs, Says Cleveland Fed
- How much is your adjustable-rate mortgage costing you? Consumers expecting relief may be unpleasantly surprised. In 2009, homeowners holding Libor-based ARMs will pay $34 million more in Ohio alone, says Federal Reserve Bank of Cleveland study
- 01.09.09
- Cleveland Fed Announces Appointments to Cleveland, Cincinnati, and Pittsburgh Boards and to the Federal Advisory Council
- CLEVELAND - The Federal Reserve Bank of Cleveland announced the following appointments to its main office and branch boards of directors and to the Federal Advisory Council. All appointments were effective January 1, 2009.
- 01.08.09
- April McClellan-Copeland Joins Cleveland Federal Reserve's Community Relations Staff
- April McClellan-Copeland joins the Federal Reserve Bank of Cleveland's Community Relations Department as communications coordinator, effective December 22, 2008.