The Federal Reserve Bank of Cleveland currently has eight Business Advisory Councils, one in each of the following metro areas within the Fourth District: Cincinnati, Cleveland, Columbus, Dayton, Erie, Lexington, Pittsburgh, and Wheeling. The councils meet with senior bank officials throughout the year at locations in their respective regions of the District.
Council members are recruited annually from firms that represent a cross-section of regional businesses and from labor, community development, and consumer organizations to ensure that data collected on the regional economy represent the views of an array of stakeholders. We strive to have at least three members of each council who are representatives from consumer, community development, or labor organizations.
Members are identified through Bank and community-sponsored events, referrals from current council members and directors, civically engaged Bank employees, and regional outreach. Council members are selected to serve a two-year term and may serve more than one term.
Download a complete PDF of the Business Advisory Councils
Responsibilities and Qualifications of Business Advisory Council Members
The Federal Reserve Bank of Cleveland’s Business Advisory Councils (BACs) comprise thought leaders from diverse industries and community development, consumer, and labor organizations throughout the Fourth Federal Reserve District. Members provide data on current economic conditions from the perspective of their organizations, industries, and regions. Information provided by council members helps Federal Reserve officials keep their fingers on the pulse of the Fourth District’s economic environment and understand public perceptions of the Federal Reserve and its actions.
Council members are individuals who contribute to discussions on the business and economic conditions in their regions. Each participant is senior in his or her organization and conversant about his or her firm and the broader industry or environment in which the firm operates. All members are active and engaged in their communities, and they understand and are able to articulate how economic conditions affect their regions and communities. Members are selected without discrimination on the basis of race, creed, color, sex, or national origin.