The Cleveland Fed is seeking recommendations for members of its boards of directors and business advisory councils

New, online form makes it easier to recommend candidates

Throughout its history, the Federal Reserve Bank of Cleveland has looked to business and community leaders in its region for information about local business and economic conditions and to better understand the challenges facing our communities. As part of the Bank’s ongoing efforts to broaden its outreach, we’ve made it easier for the public to recommend individuals for our nine business advisory councils and three boards of directors, through the use of an online form.

The Cleveland Fed seeks input from qualified individuals who hail from a wide spectrum of industries, organizations, and geographic regions within our District and who are diverse in backgrounds and perspectives. This information helps Bank officials keep their fingers on the pulse of our region, informs Bank economists about changing economic conditions and trends, and helps our Bank president to prepare for meetings of the Federal Open Market Committee (FOMC), the Federal Reserve System’s chief monetary policymaking body.

Business Advisory Councils

The Federal Reserve Bank of Cleveland currently has nine business advisory councils, one in each of the following metro areas within the Fourth District: Cincinnati, Cleveland, Columbus, Dayton, Erie, Lexington, Pittsburgh, Toledo, and Wheeling. The councils meet with senior bank officials throughout the year in their respective regions of the District. Council members are selected to serve a two-year term and may serve more than one term. Learn more about the qualifications and responsibilities of business advisory council members.

Board of Directors and Branch Boards of Directors

The Federal Reserve Bank of Cleveland’s main office board of directors provides oversight for the Bank’s operations, under the general supervision of the Federal Reserve Board of Governors. The nine-member board consists of three classes of directors, a structure designed to ensure that directors bring a variety of perspectives to board discussions. Directors serve three-year terms for up to two terms.

In addition, the Cleveland Fed has branch offices in Cincinnati and Pittsburgh, each with its own board of seven directors who serve in an advisory capacity. Read more about the qualifications and responsibilities of the Bank’s directors.

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, doug.campbell@clev.frb.org, 513.218.1892