The Federal Reserve System released on Mar. 25 the 2025 annual financial statements for its twelve regional banks, including the Federal Reserve Bank of Cleveland, as well as for the Board of Governors.
These financial statements provide insight into the operations and activities of the Cleveland Fed, which serves Ohio, western Pennsylvania, eastern Kentucky, and the northern panhandle of West Virginia. The information is intended to inform policymakers, researchers, and the public about economic conditions such as inflation and employment.
The Federal Reserve Bank of Cleveland is part of the broader Federal Reserve System and represents the Fourth Federal Reserve District according to its official website. The bank promotes stability and efficiency in monetary policy, finance, and payment systems to support economic performance according to its official website.
Beth M. Hammack serves as president and chief executive officer of the institution according to its official website. The bank also participates in formulating national monetary policy through its president’s role on the Federal Open Market Committee according to its official website.
In addition to overseeing banking organizations and providing services for financial institutions and government agencies like the US Treasury, the Cleveland Fed supports economic resilience for low- and moderate-income communities within its district according to its official website.
The release of these annual financial statements reflects ongoing efforts by regional reserve banks like Cleveland’s branch—with locations in Cincinnati and Pittsburgh—to maintain transparency regarding their activities throughout their service areas.
