The Federal Reserve Bank of Cleveland plays a crucial role in the U.S. central banking system. It is one of the 12 regional Reserve Banks that, together with the Board of Governors in Washington DC, make up the Federal Reserve System. This bank contributes to shaping national monetary policy and supervises banking organizations.

The Cleveland Fed offers payment services to financial institutions and the U.S. Treasury, while also engaging in various activities supporting Federal Reserve operations across the nation. It provides essential economic education and resources aimed at fostering understanding among American citizens.

Covering Ohio, western Pennsylvania, eastern Kentucky, and West Virginia's northern panhandle, the Cleveland Fed has branches located in Cincinnati and Pittsburgh. Doug Campbell can be contacted for further information at doug.campbell@clev.frb.org or 513-218-1892.

"Trading Places: My New View from Inside the Federal Reserve" is a speech by the President addressing their perspectives within this vital institution. The speech underscores how indicators and datasets produced by the bank inform policymakers, researchers, and the public about key economic conditions like inflation and employment.

The Cleveland Fed gathers information from its jurisdiction—the Fourth Federal Reserve District—and uses it to benefit not only local communities but also those across the United States. This includes supervising financial institutions to ensure consumer financial security and maintaining stable payment systems for the U.S. Treasury.

In summary, through research and outreach efforts, the Cleveland Fed supports community well-being across its district while contributing significantly to national economic stability.