Responding to Coronavirus Disease (COVID-19)
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Federal Reserve Board of Governors
A message from Loretta J. Mester, President and CEO, Federal Reserve Bank of Cleveland
The coronavirus outbreak is causing considerable human suffering and disrupting economic activity in the United States and abroad. As the nation takes steps to protect people’s health, the Federal Reserve is doing its part to support the economy and the financial system. Here in the Fourth Federal Reserve District, the Cleveland Fed is fully operational. Employees whose roles allow them to do so are performing their duties from home. We are focused on protecting the health of our employees and helping to slow the spread of COVID-19 as we continue to carry out our critical responsibilities on behalf of the American public. I am grateful to our dedicated workforce during this challenging period.
This is an evolving situation that we are continuing to monitor closely. To help answer some questions about our efforts, this page features a number of useful resources. We will be updating this site as developments warrant.
Cleveland Fed Latest Updates
- President and CEO Loretta J. Mester on CNBC's Closing Bell: In the interview, President Mester explains the Fed’s goals in responding to the COVID-19 pandemic
- New infographic about what the Federal Reserve is doing and why: While healthcare experts focus on the COVID-19 pandemic and work to keep people healthy, the Fed is working to keep the nation’s economy healthy.
- President and CEO Loretta J. Mester’s Statement: “Statement Regarding My Dissenting Vote at the Meeting of the Federal Open Market Committee Held on March 15, 2020"
- Giving back to our community: On March 13, the Cleveland Fed donated 348 laptops to Cleveland State University to assist with remote learning. The computers will help students continue their studies while the campus is closed.
- Money Museum closed, visit us virtually: The health and safety of everyone who visits the Bank is important to us, and we’ve closed the Money Museum and Learning Center to all walk-in visitors until further notice. However, you can take a virtual tour of the museum. Also, check out our special exhibits, many of which are available for loan (for free!). Questions? Email firstname.lastname@example.org
- Federal Reserve Supervision and Regulation: Information about how the supervisory and regulatory response is adjusting in light of the pandemic
- Federal Reserve Discount Window: Information about the discount window, including how to establish access, the mechanics of borrowing, and FAQs
- Federal Reserve Financial Services: Information about services including cash and coin distribution for banks, credit unions, and savings institutions
- Fraud Awareness: Beware of scammers using COVID-19 to prey on consumers, view resources and information
- Consumer Financial Protection Bureau: Protect yourself financially from the impact of the coronavirus
- FDIC: FAQ for bank customers affected by COVID-19
- FDIC Statement: About the safety of deposits and additional resources
- Federal Reserve Consumer Help: Assists consumers who have a problem with a bank or other financial institution
- Federal Reserve Education: Learn about the Federal Reserve and explore education resources for teachers, students, and consumers
- Econ Lowdown: A free platform, provided by the St. Louis Fed, with online courses and videos for K-12 and college classrooms