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Corporate Governance and Transparency

The Federal Reserve Bank of Cleveland’s sound corporate governance framework, policies, and practices are essential to maintaining the trust and respect of our stakeholders.

Code of Conduct

The Federal Reserve Bank of Cleveland expects its employees to perform their duties with honesty, integrity, and impartiality and without improper preferential treatment of any person.

Ethics

Presidents and first vice presidents of Federal Reserve Banks are to adhere to the rules of ethical conduct for senior officials.

Transparency

In order to promote transparency, the Federal Reserve Bank of Cleveland makes available financial disclosure forms and related documents filed by its president with the Bank’s ethics officer. The President’s Financial Disclosure is made available to the public annually.

The duties and responsibilities of the directors are set forth in the Federal Reserve Act, Federal Reserve Bank of Cleveland bylaws, Board of Governors’ policies, and charters for the directors’ committees.

Bylaws

The bylaws guide the board of directors in their work to oversee the Bank’s organization, operations, and activities.

Policies

Directors follow a strict code of conduct, as set by the Board of Governors. The full guide to conduct, as well as additional policies to which directors must adhere, can be found on the Board of Governor’s website.

Board of Directors Committee Charters

Main office directors serve on various committees. The Cleveland board of directors has three standing committees:

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