Presidents of the Federal Reserve Bank of Cleveland
The president of the Federal Reserve Bank of Cleveland is the chief executive officer of the Fourth Federal Reserve District, headquartered in Cleveland, Ohio. The president also serves on the Federal Open Market Committee (FOMC), which consists of 12 members: the seven members of the Board of Governors of the Federal Reserve System; the president of the Federal Reserve Bank of New York; and four of the remaining 11 Reserve Bank presidents, who serve one-year terms on a rotating basis. Nonvoting Reserve Bank presidents attend FOMC meetings, participate in the discussions, and contribute to the FOMC's assessment of the economy and policy options.
Prior to the enactment of the Banking Act of 1935, the chief executive officer of each Federal Reserve Bank held the title of governor.
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1914 - 1935 | Elvadore R. Fancher
Title: Governor of the Federal Reserve Bank of Cleveland, which was changed to President of the Federal Reserve Bank of Cleveland in 1935
Elvadore R. Fancher served as governor (later President) of the Federal Reserve Bank of Cleveland from November 2, 1914, to January 16, 1935. -
1935 - 1944 | Matthew J. Fleming
Title: Governor of the Federal Reserve Bank of Cleveland, which was changed to president of the Federal Reserve Bank of Cleveland on March 1, 1936
Matthew J. Fleming served as governor (later president) of the Federal Reserve Bank of Cleveland from January 19, 1935, to September 15, 1944. -
1944 - 1953 | Ray M. Gidney
Title: President of the Federal Reserve Bank of Cleveland
Ray M. Gidney served as president of the Federal Reserve Bank of Cleveland from November 1, 1944, to April 16, 1953. -
1953 - 1963 | Wilbur D. Fulton
Title: President of the Federal Reserve Bank of Cleveland
Wilbur D. Fulton served as president of the Federal Reserve Bank of Cleveland from May 14, 1953, to April 30, 1963. -
1963 - 1970 | W. Braddock Hickman
Title: President of the Federal Reserve Bank of Cleveland
W. Braddock Hickman served as president of the Federal Reserve Bank of Cleveland from May 1, 1963, to November 28, 1970. -
1971 - 1982 | Willis J. Winn
Title: President of the Federal Reserve Bank of Cleveland
Willis J. Winn served as president of the Federal Reserve Bank of Cleveland from September 1, 1971, to April 30, 1982. -
1982 - 1987 | Karen N. Horn
Title: President of the Federal Reserve Bank of Cleveland
Karen N. Horn served as president of the Federal Reserve Bank of Cleveland from May 1, 1982, to April 8, 1987. -
1987 - 1991 | W. Lee Hoskins
Title: President of the Federal Reserve Bank of Cleveland
W. Lee Hoskins served as president of the Federal Reserve Bank of Cleveland from September 21, 1987, to November 15, 1991. -
1992 - 2003 | Jerry L. Jordan
Title: President of the Federal Reserve Bank of Cleveland
Jerry L. Jordan served as president of the Federal Reserve Bank of Cleveland from March 10, 1992, to January 31, 2003. -
2003 - 2014 | Sandra Pianalto
Title: President of the Federal Reserve Bank of Cleveland
Sandra Pianalto served as president of the Federal Reserve Bank of Cleveland from February 1, 2003, to May 31, 2014. -
2014 - 2024 | Loretta J. Mester
Title: President of the Federal Reserve Bank of Cleveland
Loretta J. Mester served as president of the Federal Reserve Bank of Cleveland from June 1, 2014, to June 30, 2024. -
2024 - | Beth M. Hammack
Title: President of the Federal Reserve Bank of Cleveland
Beth M. Hammack began her term as president of the Federal Reserve Bank of Cleveland on August 21, 2024.
The process for selecting a Federal Reserve Bank president is set forth in the Federal Reserve Act. The president is appointed by the individual Reserve Bank's board of directors and approved by the Board of Governors of the Federal Reserve System for a renewable term of five years. For additional details, see How is a Federal Reserve Bank president selected? published by the Board of Governors.
Presidents of the Federal Reserve Bank of Cleveland. https://fraser.stlouisfed.org/timeline/presidents-frb-cleveland, accessed on December 21, 2024.