Federal Reserve Bank of Cleveland
Loretta J. Mester

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/

Cleveland district map

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
Vacancy   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
Ana G. Rodriguez Executive Vice President and Chief People Officer
Monogram Foods
Canton, Ohio
2024
Heidi L. Gartland
(Deputy Chair)
Chief Government and Community Relations Officer
University Hospitals
Cleveland, Ohio
2025


CINCINNATI BRANCH

Appointed by the Federal Reserve Bank:
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

 

Appointed by the Board of Governors:
Name Title Term expires
December 31
Ashish K. Vaidya Former President
Northern Kentucky University
Highland Heights, Kentucky
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

Appointed by the Federal Reserve Bank:
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

 

Appointed by the Board of Governors
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
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Last Update: January 27, 2023