The Federal Reserve Bank of Cleveland supervises and regulates financial holding companies, bank holding companies, and state-chartered member banks in the Fourth Federal Reserve District, which comprises of Ohio, western Pennsylvania, eastern Kentucky, and the northern panhandle of West Virginia. We also extend credit to depository institutions.
Our work promotes a safe and sound banking system and fosters financial market stability. It also supports a fair financial services marketplace for businesses and consumers and encourages financial institutions to meet the financial needs of the communities they serve.
Cleveland Fed examiners and others reflect on how the unprecedented financial crisis happened and detail how things have changed in response to it. Read More
Forced to innovate and cut costs when oil and gas prices plummeted, energy companies presently operate in a lean way. With energy prices again rising, those companies are likely to invest in drilling and undertake other projects that create jobs. Read More
At a time when scrutiny of subprime auto loans is high, Cleveland Fed examiners see signs that banks in the Fourth District may be beginning to rein in their auto lending. Read More
Recent revisions to guidance do not strip the bank branch of its importance for achieving compliance with the Community Reinvestment Act. Still, regulators realize that bankers are serving communities increasingly in digital ways. Read More
The Cleveland Fed provides a systemic risk indicator to gauge the level of systemic risk in the US financial services industry. The indicator is designed to capture market perceptions of the risk of widespread insolvency in the banking system. The chart and data are updated weekly.