Federal Reserve Bank of Cleveland

The Federal Reserve Bank of Cleveland is one of the twelve Federal Reserve Banks of the United States. It is responsible for the Fourth District of the Federal Reserve System, which encompasses Ohio, western Pennsylvania, eastern Kentucky, and the northern panhandle of West Virginia. The district is headquartered in Cleveland and has branch offices in Cincinnati and Pittsburgh. Since 2024, Beth M. Hammack has been serving as the bank's chief executive officer and president.

Building

The bank building is a 13-story 203 foot high-rise, located at Superior Avenue and East 6th Street in downtown Cleveland. It was designed by the Cleveland firm of Walker and Weeks and completed in 1923. Retrieved on October 16, 2015 Its exterior architecture emulates an Italian Renaissance palazzo, and is clad in Georgia pink marble. An extension to the building designed by HOK was completed in 1998, providing new facilities for check processing and cash handling. The building is listed on the National Register of Historic Places. The building's entrances feature allegorical sculptures by Henry Hering representing Security and Integrity flanking the East Sixth Street entrance, while his Energy watches the Superior Avenue entry.

Its original bank vault door is the largest in the world and was designed by Frederick S. Holmes. The door casting itself was . It incorporates the largest hinge ever built. The hinge has an overall height of and weighs over fully assembled. The vault's use was discontinued in 1997, though it is preserved intact for posterity.

In January 2006, the bank opened the Learning Center and Money Museum, replacing the public teller windows vacated after September 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. 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, 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 by Joseph G. Haubrich and the Federal Reserve Bank of Cleveland.

Board of directors The following people are listed as on the board of directors . 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.

+ Members of Board of Directors Director Title DirectorClass TermExpiresJames H. NicholsonPresident and Chief Executive Officer, North Valley Bank, Zanesville, OhioA2026Eddie L. SteinerPresident and Chief Executive Officer, CSB Bancorp, Inc, Millersburg, OhioA2024Helga HoustonSenior Executive Vice President and Chief Risk Officer, Huntington Bancshares Inc., Columbus, OhioA2025Darrell McNairPresident, MVP Plastics, Inc., Middlefield, OhioB2026Jacqueline GamblinChief Executive Officer, JYG Innovations, Dayton, OhioB2024Holly B. WiedemannFounder, AU Associates, Inc., Lexington, KentuckyB2025Heidi L. Gartland (Chair)Chief Government and Community Relations Officer, University Hospitals Cleveland Medical Center, Cleveland, OhioC2025Richard J. Kramer (Vice Chair)Former Chairman, Chief Executive Officer, and President, The Goodyear Tire & Rubber Company, Akron, OhioC2024Ramona HoodFormer President and Chief Executive Officer, FedEx Custom Critical, Richfield, OhioC2026

Governor and presidents The position was installed under the title of "Governor" until the Banking 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 RefGovernors 1 Elvadore R. Fancher* 1864–1935 November 2, 1914 January 16, 1935Presidents 2 Matthew J. Fleming 1879–1962 January 19, 1935 September 15, 1944 3 Ray M. Gidney 1887–1978 November 1, 1944 April 16, 1953 4 Wilbur D. Fulton 1898–1964 May 14, 1953 April 30, 1963 5 W. Braddock Hickman* 1911–1970 May 1, 1963 November 28, 1970 6 Willis J. Winn 1917-2002 September 1, 1971 April 30, 1982 7 Karen N. Horn 1944– May 1, 1982 April 8, 1987 8 W. Lee Hoskins October 8, 1987 November 15, 1991 9 Jerry L. Jordan 1941- March 10, 1992 January 31, 2003 10 Sandra Pianalto 1954- February 1, 2003 May 31, 2014 11 Loretta J. Mester 1958– June 1, 2014 June 30, 2024 12 Beth M. Hammack 1971/1972– August 21, 2024 Incumbent

†Stepped down due to reaching retirement age*Died in office

Federal Reserve Bank of Cleveland

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