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Press Release

Cleveland Fed announces new community development outreach manager

Ken Surratt has joined the Federal Reserve Bank of Cleveland as a regional outreach manager effective July 1, 2019. He will manage the development and execution of the department’s regional outreach and engagement strategy across the Bank’s four-state district including Ohio, western Pennsylvania, eastern Kentucky and the northern panhandle of West Virginia.

Prior to joining the Cleveland Fed, Surratt worked as a deputy director of housing and community development for Cuyahoga County, where he led housing and community development programming and policymaking such as the Cuyahoga County Demolition Program and Federal Community Development Block Grant and HOME Investment Partnerships Program for the 51 nonentitlement communities within the county. He also held positions at Breakthrough Charter Schools in Cleveland, Ohio, and Center for Research on Education Outcomes (CREDO) in Stanford, California.

Surratt has a Bachelor of Science in Commerce from the University of Virginia and a Master of Business Administration from Duke University.

The Cleveland Fed’s Community Development Department is responsible for research, analysis, and engagement on economic issues affecting lower income communities. The group works to foster a better understanding of these challenges, promotes cooperation with a variety of stakeholders, and engages depository institutions in the goal of providing credit and banking services to their communities.

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,, 513.455.4479