Federal Reserve Banks
Federal Reserve Bank of Cleveland

Loretta J. Mester
President
Federal Reserve Bank of Cleveland
Loretta J. Mester took office on June 1, 2014, as the 11th president and chief executive officer of the Fourth District, Federal Reserve Bank of Cleveland. In 2022, she serves as a voting member of the Federal Open Market Committee.
Prior to being named president and chief executive officer of the Federal Reserve Bank of Cleveland, Dr. Mester had been executive vice president and director of research at the Federal Reserve Bank of Philadelphia, where she was the chief policy adviser and oversaw the economists and analysts in the Research Department as well as professionals in the Financial Statistics Department and the Payment Cards Center. She joined the Federal Reserve Bank of Philadelphia in 1985, becoming senior vice president and director of research in 2000.
Dr. Mester is an adjunct professor of finance at the Wharton School of the University of Pennsylvania and is a fellow at the Wharton Financial Institutions Center. She has also taught in the undergraduate finance and MBA programs at Wharton and in the PhD program in finance at New York University.
Her areas of research expertise include the organizational structure and productive efficiency of financial institutions, financial intermediation and regulation, agency problems in credit markets, credit card pricing, central bank governance, and inflation. She has published numerous articles on a variety of topics, including economics, central banking, and financial issues. In addition, she is a management committee member of the International Journal of Central Banking and co-editor of the Journal of Financial Services Research, and she is an associate editor of several other academic journals.
Dr. Mester is a director of the Greater Cleveland Partnership, a trustee of the Cleveland Clinic, a trustee of the Musical Arts Association (Cleveland Orchestra), a director of the Council for Economic Education, a member of the Ohio Governor's Economic Advisory Board, a founding director of the Financial Intermediation Research Society, and a member of the advisory board of the Financial Intermediation Network of European Studies. She is a member of the American Economic Association, the American Finance Association, the Econometric Society, and the Financial Management Association International.
Dr. Mester was born in Baltimore, Maryland. She graduated summa cum laude with a bachelors of arts degree in mathematics and economics from Barnard College of Columbia University. She earned MA and PhD degrees in economics from Princeton University, where she was a National Science Foundation Fellow.
Bank Location
1455 East Sixth Street
Cleveland, OH 44114
(216) 579-2000
Visitor Information
Money Museum
Head office at Cleveland, Ohio.
Branch Banks at Cincinnati, Ohio, and Pittsburgh, Pennsylvania.
Covers the state of Ohio; 56 counties in eastern Kentucky; 19 counties in western Pennsylvania; and 6 counties in northern West Virginia .
Website: https://www.clevelandfed.org/
Branches
Cincinnati
150 East Fourth Street, Cincinnati, OH 45202
(513) 721-4787
Pittsburgh
One Oxford Centre, Suite 3000
301 Grant Street, Pittsburgh, PA 15219
P.O. Box 867, Pittsburgh, PA 15230
(412) 261-7800
List of Directors
Class A
Name | Title | Term expires December 31 |
---|---|---|
Dean J. Miller | President and Chief Executive Officer First National Bank of Bellevue Bellevue, Ohio |
2023 |
Eddie L. Steiner | President and Chief Executive Officer CSB Bancorp, Inc. Millersburg, Ohio |
2024 |
Helga Houston | Senior Executive Vice President and Chief Risk Officer Huntington Bancshares Inc. Columbus, Ohio |
2025 |
Class B
Name | Title | Term expires December 31 |
---|---|---|
Darrell McNair | President MVP Plastics, Inc. Middlefield, Ohio |
2023 |
Jacqueline Gamblin | Chief Executive Officer JYG Innovations Dayton, Ohio |
2024 |
Holly B. Wiedemann | Founder AU Associates, Inc. Lexington, Kentucky |
2025 |
Class C
Name | Title | Term expires December 31 |
---|---|---|
Doris Carson Williams (Chair) |
President and Chief Executive Officer African American Chamber of Commerce of Western Pennsylvania Pittsburgh, Pennsylvania |
2023 |
Vacancy | 2024 | |
Heidi L. Gartland (Deputy Chair) |
Chief Government and Community Relations Officer University Hospitals Cleveland, Ohio |
2025 |
CINCINNATI BRANCH
Name | Title | Term expires December 31 |
---|---|---|
Alfonso Cornejo |
President Hispanic Chamber Cincinnati USA Cincinnati, Ohio |
2023 |
David C. Evans | President and Chief Executive Officer TESSEC LLC Dayton, Ohio |
2023 |
Archie M. Brown | President and Chief Executive Officer First Financial Bancorp Cincinnati, Ohio |
2024 |
Gina McFarlane-El | Chief Executive Officer Five Rivers Health Centers Dayton, Ohio |
2025 |
Name | Title | Term expires December 31 |
---|---|---|
Melvin Gravely | Chief Executive Officer TriVersity Construction Cincinnati, Ohio |
2023 |
Rachid Abdallah | Chairman and Chief Executive Officer Jedson Engineering Cincinnati, Ohio |
2024 |
Jill Meyer | Chief Executive Officer Cincinnati USA Chamber of Commerce Cincinnati, Ohio |
2025 |
PITTSBURGH BRANCH
Name | Title | Term expires December 31 |
---|---|---|
Earl Buford | President CAEL Pittsburgh, Pennsylvania |
2023 |
Christina A. Cassotis | Chief Executive Officer Allegheny County Airport Authority Pittsburgh, Pennsylvania |
2023 |
Nishan J. Vartanian | President and Chief Executive Officer MSA Safety Incorporated Cranberry Township, Pennsylvania |
2024 |
Sanjay Chopra | Co-Founder and Chief Executive Officer Cognistx Pittsburgh, Pennsylvania |
2025 |
Name | Title | Term expires December 31 |
---|---|---|
Kathy Wilson Humphrey | President Carlow University Pittsburgh, Pennsylvania |
2023 |
Vera Krekanova | Chief Strategy and Research Officer Allegheny Conference on Community Development Pittsburgh, Pennsylvania |
2024 |
Eugene Boyer III | Brokerage Advisor Burns Scalo Pittsburgh, Pennsylvania |
2025 |