Federal Reserve Bank of Cleveland

Federal Reserve Seal
Headquarters
Headquarters	E. 6th St. and Superior Ave. Cleveland, Ohio,USA
Coordinates	41°30′6.98″N81°41′25″W / 41.5019389°N 81.69028°W /41.5019389; -81.69028
Established	May 18, 1914 (111 years ago) (1914-05-18)
President	Beth M. Hammack
Central bank of	Fourth District Ohio Parts of: Kentucky Pennsylvania West Virginia
Website	www.ClevelandFed.org
The Federal Reserve Bank of Cleveland is one of 12regional banks that make up theFederal Reserve System

TheFederal Reserve Bank of Cleveland is theCleveland-based headquarters of the U.S.Federal Reserve System's FourthDistrict. The district is composed ofOhio, westernPennsylvania, easternKentucky, and thenorthern panhandle of West Virginia. It has branch offices inCincinnati andPittsburgh. The check processing center inColumbus, Ohio, was closed in 2005. Since August 21, 2024, Beth M. Hammack has been serving as the bank'schief executive officer andpresident.^[1]

The bank building is a 13-story 203 foothigh-rise, located at Superior Avenue and East 6th Street indowntown Cleveland. It was designed by the Cleveland firm ofWalker and Weeks and completed in 1923.^[2] Its exterior architecture emulates anItalian Renaissancepalazzo, and is clad inGeorgia pink marble. An extension to the building designed byHOK was completed in 1998, providing new facilities for check processing and cash handling. The building is listed on theNational Register of Historic Places.The building's entrances featureallegorical sculptures byHenry Hering representingSecurity andIntegrity flanking the East Sixth Street entrance, while hisEnergy watches the Superior Avenue entry.

Its original 100 short tons (91 t)bank vault door is the largest in the world and was designed byFrederick S. Holmes. The door casting itself was 20 short tons (18 t).^{[citation needed]} It incorporates the largest hinge ever built. The hinge has an overall height of 19 feet (5.8 m) and weighs over 47 short tons (43 t) fully assembled. The vault's use was discontinued in 1997, though it is preserved intact for posterity.^[3]

In January 2006, the bank opened theLearning Center and Money Museum, replacing the public teller windows vacated afterSeptember 11, 2001. Over 30 hands-on exhibits focus on the history of money, its effects on societies and cultures, and its central role in peoples' lives.^[4] The museum is open from Monday through Thursday, except for bank holidays, and admission is free.

The museum includes a variety of activities and multi-media experiences to educate visitors, including computerized games about trading, writing contests, crayon rubbings, videos, speeches, films, and virtual tours,^[5] One recent addition to the Learning Center and Money Museum is the documentary titled "The Panic of 1907" which details how the panic led to the creation of the Federal Reserve System. This film was produced byJoseph G. Haubrich and the Federal Reserve Bank of Cleveland.^[6]

The following people are listed as on the board of directors as of 2024^[update]. Class A directors are elected by member banks to represent member banks. Class B directors are elected by member banks to represent the public. Class C directors are appointed by the Board of Governors to represent the public. Terms always expire on December 31 of their final year on the board.^[7]

The position was installed under the title of “Governor” until theBanking Act of 1935 abolished the dual role of governor and agent and created a single leadership role – president.

#	Portrait	CEO	Life span	Term start	Term end	Tenure length	Ref
Governors
1		Elvadore R. Fancher*	1864–1935	November 2, 1914	January 16, 1935	20 years, 75 days	[8]
Presidents
2		Matthew J. Fleming	1879–1962	January 19, 1935	September 15, 1944	9 years, 240 days	[9]
3		Ray M. Gidney	1887–1978	November 1, 1944	April 16, 1953	8 years, 166 days	[10]
4		Wilbur D. Fulton	1898–1964	May 14, 1953	April 30, 1963	9 years, 351 days	[11]
5		W. Braddock Hickman*	1911–1970	May 1, 1963	November 28, 1970	7 years, 211 days	[12]
6		Willis J. Winn	1917-2002	September 1, 1971	April 30, 1982	10 years, 241 days	[13]
7		Karen N. Horn	1944–	May 1, 1982	April 8, 1987	4 years, 364 days	[14]
8		W. Lee Hoskins		October 8, 1987	November 15, 1991	4 years, 38 days	[15]
9		Jerry L. Jordan	1941-	March 10, 1992	January 31, 2003	10 years, 327 days	[16]
10		Sandra Pianalto	1954-	February 1, 2003	May 31, 2014	11 years, 119 days	[17]
11		Loretta J. Mester	1958–	June 1, 2014	June 30, 2024	10 years, 29 days	[18]
12		Beth M. Hammack	1971/1972–	August 21, 2024	Incumbent	1 year, 97 days	[19]

• Federal Reserve Act
• Federal Reserve Bank of Cleveland Cincinnati Branch Office
• Federal Reserve Bank of Cleveland Pittsburgh Branch Office
• Federal Reserve System
• Federal Reserve Districts
• Federal Reserve Branches
• Structure of the Federal Reserve System

Wikimedia Commons has media related toFederal Reserve Bank of Cleveland.

• Official website
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• Historical resources by and about the Federal Reserve Bank of Cleveland including annual reports back to 1916

• Government buildings completed in 1923
• Buildings and structures in Cleveland
• Federal Reserve Banks
• Government buildings on the National Register of Historic Places in Ohio
• Renaissance Revival architecture in Ohio
• National Register of Historic Places in Cleveland, Ohio
• Economy of the Midwestern United States
• Economy of Cleveland
• Skyscraper office buildings in Cleveland
• 1923 establishments in Ohio
• Downtown Cleveland

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