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Press Release

Tracking recent levels of financial stress

Tracking recent levels of financial stress

The Cleveland Financial Stress Index (CFSI) has remained in a Grade 1 or “low stress” period throughout most of the first quarter of 2014. The index trended upward in January and early February, crossing into a Grade 2 or “normal stress” period, largely due to increased contributions of the equity market to overall financial stress, according to Federal Reserve Bank of Cleveland analyst Amanda Janosko. The CFSI then subsided while remaining at an elevated level within Grade 1.

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Federal Reserve Bank of Cleveland

The Federal Reserve Bank of Cleveland is one of 12 regional Reserve Banks that along with the Board of Governors in Washington DC comprise the Federal Reserve System. Part of the US central bank, the Cleveland Fed participates in the formulation of our nation’s monetary policy, supervises banking organizations, provides payment and other services to financial institutions and to the US 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 Federal Reserve District through a wide array of research, outreach, and educational activities.

The Cleveland Fed, with branches in Cincinnati and Pittsburgh, serves an area that comprises Ohio, western Pennsylvania, eastern Kentucky, and the northern panhandle of West Virginia.

Media contact

Doug Campbell,, 513.218.1892