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Annual Report 2005: Altered States: A Perspective on 75 Years of State Income Growth

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  1. President's Foreword
  2. Altered States: A Perspective on 75 Years of State Income Growth
  3. Operational Highlights: Even the Treasury Needs a Bank
  4. Management's Report on Responsibility for Financial Reporting
  5. Report of Independent Accountants
  6. Report of Independent Auditors
  7. Comparative Financial Statements
  8. Notes to Financial Statements
  9. Officers and Consultants
  10. Boards of Directors
  11. Business Advisory Councils


  • Manager, Communications Support: Michael Galka
  • Editor: Amy Koehnen
  • Designer: Lori Boehm
  • Portrait Photography: Bill Pappas Photography, Inc.
  • Stock photography provided by Corbis, Fotosearch, Getty Images, The Granger Collection, The Image Finders, Inmagine, Jupiterimages, and the Ohio Historical Society

The Annual Report was prepared by the Public Information and Research departments of the Federal Reserve Bank of Cleveland. For additional copies, contact the Research Library, Federal Reserve Bank of Cleveland, PO Box 6387, Cleveland, OH 44101, or call 216.579.2052. We invite your comments and questions. Please email us at

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  • 09.29.22

    Inflation: Drivers and Dynamics Conference 2022

    The Inflation: Drivers and Dynamics 2022 conference, co-sponsored by the Center for Inflation Research and the European Central Bank will take place on September 29-30, 2022 in Cleveland, OH.