Federal Reserve Banks each have a board of nine directors. Directors supervise the Bank’s budget and operations, make recommendations on the primary credit rate and, with the Board of Governors’ approval, appoint the Bank’s president, first vice president, and officers.

Class A directors are elected by and represent Directors serve for three years. Two Class C the interests of Fourth District member banks. directors are designated by the Board of Class B directors also are elected by member Governors as chairman and deputy chairman banks but represent the public interests of of the board. Directorships generally are agriculture, commerce, industry, services, labor, limited to two successive terms to ensure that and consumers. Class C directors are selected the individuals who serve the Federal Reserve by the Board of Governors and also represent System represent a diversity of backgrounds these public interests. and experience.

The Cincinnati and Pittsburgh branch offices each have a board of seven directors who serve three-year terms. Board members are appointed by the Federal Reserve Bank of Cleveland or the Board of Governors.

48 Charles E. Bunch Les C. Vinney Chairman President and Chief Executive Officer Chairman and Chief Executive Officer STERIS Corporation PPG Industries, Inc. Mentor, Ohio Pittsburgh, Pennsylvania Bick Weissenrieder Tanny B. Crane Chairman and Chief Executive Officer Deputy Chair Hocking Valley Bank President and Chief Executive Officer Athens, Ohio Crane Group Company Cleveland Columbus, Ohio Stephen P. Wilson Board of Directors Chairman, President, and As of December 31, 2006 V. Ann Hailey Chief Executive Officer Executive Vice President, Lebanon Citizens National Bank Corporate Development Lebanon, Ohio Limited Brands Columbus, Ohio

Henry L. Meyer III Chairman and Chief Executive Officer KeyCorp Cleveland, Ohio

Alfred M. Rankin, Jr. Chairman, President, and Chief Executive Officer NACCO Industries, Inc. Cleveland, Ohio George A. Schaefer, Jr. Edwin J. Rigaud Federal Advisory Council President and Chief Executive Officer Representative Enova Partners, LLC Chairman and Chief Executive Officer Cincinnati, Ohio Fifth Third Bancorp Cincinnati, Ohio

Stephen P. Wilson, Tanny B. Crane, Bick Weissenrieder, Les C. Vinney, Charles E. Bunch, Alfred M. Rankin, Jr., Henry L. Meyer III, V. Ann Hailey, and Edwin J. Rigaud.

49 FEDERAL RESERVE BANK OF CLEVELAND James M. Anderson Glenn D. Leveridge Chairman President, Lexington Market President and Chief Executive Officer JPMorgan Chase Bank, NA Cincinnati Children’s Hospital Lexington, Kentucky Cincinnati Medical Center Board of Directors Cincinnati, Ohio Charlotte W. Martin As of December 31, 2006 President and Chief Executive Officer James H. Booth Great Lakes Bankers Bank President Gahanna, Ohio Czar Coal Corporation Lovely, Kentucky Janet B. Reid Managing Partner Herbert R. Brown Global Lead Management Consulting Senior Vice President Cincinnati, Ohio Western & Southern Financial Group Cincinnati, Ohio Charles Whitehead Retired President Ashland Inc. Foundation Covington, Kentucky

James M. Anderson, Herbert R. Brown, James H. Booth, Charlotte W. Martin, Charles Whitehead, Janet B. Reid, and Glenn D. Leveridge.

2006 ANNUAL REPORT 50 Roy W. Haley James I. Mitnick Chairman Senior Vice President Chairman and Chief Executive Officer Turner Construction Company WESCO International, Inc. Pittsburgh, Pennsylvania Pittsburgh Pittsburgh, Pennsylvania Board of Directors Kristine N. Molnar As of December 31, 2006 Robert O. Agbede Executive Vice President President and Chief Executive Officer WesBanco Bank, Inc. Chester Engineers, Inc. Wheeling, West Virginia Pittsburgh, Pennsylvania Georgiana N. Riley Michael J. Hagan President and Chief Executive Officer President and Chief Executive Officer TIGG Corporation Iron and Glass Bank Bridgeville, Pennsylvania Pittsburgh, Pennsylvania Sunil T. Wadhwani Chief Executive Officer and Co-founder iGATE Corporation Pittsburgh, Pennsylvania

James I. Mitnick, Sunil T. Wadhwani, Georgiana N. Riley, Michael J. Hagan, Roy W. Haley, Kristine N. Molnar, and Robert O. Agbede.

51 FEDERAL RESERVE BANK OF CLEVELAND