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The Federal Reserve Bank of Cleveland: Serving the Fourth District

17 million

The Federal Reserve Bank of Cleveland serves the Fourth Federal Reserve District, comprising Ohio, western Pennsylvania, eastern Kentucky, and the northern panhandle of West Virginia. The Fourth District has 169 counties, 68 of which are located within the District’s metropolitan statistical areas (MSAs). Cleveland, Cincinnati, and Columbus, Ohio, and Pittsburgh, Pennsylvania, are the most densely populated MSAs in the Fourth District and are home to roughly half the District’s population of nearly 17 million people.

Studying Economic Conditions in the Fourth District and the Nation

In many of the MSAs in the Fourth District, the traditional employment sectors of past decades have been manufacturing and, to a lesser extent, mining. However, in recent years, the District overall has seen increased industrial diversification. The Fourth District’s current employment share in manufacturing still exceeds that of the nation, but healthcare and social assistance, public administration, and retail trade now exceed manufacturing in the percentage of workers employed within the District.

For articles, links to the Beige Book, and data sets on economic conditions in the Fourth Federal Reserve District, visit Our Region. You can also check out economic research on the national economy and monetary policy, as well as peruse our publications on a range of topics.

Studying Issues of Community and Economic Development in the Fourth District

The Federal Reserve Bank of Cleveland also conducts applied research and analyses focused on workforce development challenges, small business concerns, and fair and impartial access to credit, among others, in order to better understand the issues that affect the development of strong communities within the Fourth District. The Bank’s Community Development Department’s economists, analysts, and advisors support the Federal Reserve’s economic growth objectives through quantitative and qualitative research that provides credible, evidence-based support and solutions for Fourth District constituents. To learn more about Community Development’s work, see Community Development.

Overall, the Cleveland Fed’s research helps to support and inform the region the Bank serves, the national economy, and the banking industry by increasing understanding of important issues such as inflation, unemployment, inequality, bank regulation and supervision, and more.

Serving Financial Institutions in the Fourth District

As a bankers’ bank, the Cleveland Fed provides cash services to financial institutions, accepting deposits of cash from and supplying currency and coin to banks in and around the Fourth District and credit and debiting accounts accordingly.

The Cleveland Fed supervises five of the nation’s largest bank and savings and loan holding companies and several hundred additional financial holding companies and state-chartered member banks., a Treasury site built by the Cleveland Fed.

Serving the Nation Beyond the Fourth District

The Federal Reserve Bank of Cleveland shares many similarities with the 11 other Reserve Banks around the System. A feature particular to the Cleveland Fed, however, is its handling of collections for the US Department of the Treasury through, a Treasury site built by the Cleveland Fed. is used by individuals, businesses, and organizations to make secure electronic payments to a number of federal government agencies. The Cleveland Fed is building and deploying mobile apps to make paying the government even more convenient. The site—operational through the Cleveland Fed since 2001—currently processes about 120 million transactions annually from individuals, organizations, and businesses. The Bank also manages the Debit Gateway, one of the central hubs for processing funds collected for the Treasury. Debit Gateway handles roughly 230 million transactions annually originating from various channels, including

In addition, eGovernment supports the Treasury Cash Management System (TCMS) and Direct Voucher Submission (DVS), both of which enable the movement of government funds from commercial banks to the Treasury’s general account. The Cleveland Fed also has operational responsibility for the Collection Information Repository (CIR) that allows federal agencies to obtain summary and detailed information about their collections.