Federal Reserve Bank of Cleveland


The Federal Reserve Bank of Cleveland is the Cleveland-based headquarters of the U.S. Federal Reserve System's Fourth District. The district is composed of Ohio, western Pennsylvania, eastern Kentucky, and the northern panhandle of West Virginia. It has branch offices in Cincinnati and Pittsburgh. The check processing center in Columbus, Ohio, was closed in 2005. The chief executive officer and president is Loretta Mester.
The bank building is a 13-story 203 foot high-rise, located at Superior Avenue and East 6th Street in downtown Cleveland was designed by the Cleveland firm of Walker and Weeks and completed in 1923. Its exterior architecture emulates an Italian Renaissance palazzo, is clad in pink Sienna 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. 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.

Learning Center and Money Museum

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 as of 2017. 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.
DirectorTitleDirector
Class
Term
Expires
Todd A. MasonPresident and CEO, First National Bank of Pandora, Pandora, OhioA2017
Claude E. DavisCEO, First Financial Bancorp, Cincinnati, OhioA2018
Stephen D. SteinourChairman, President, and Chief Executive Officer of Huntington Bancshares, Incorporated Columbus, OhioA2019
Charles H. BrownVice President and Secretary, Toyota Motor Engineering & Manufacturing North America, Erlanger, KentuckyB2017
George S. BarrettChairman and CEO, Cardinal Health, Inc., Dublin, OhioB2018
David MegenhardtExecutive Director, United Labor Agency, Cleveland, OhioB2019
John P. Surma Retired Chairman and CEO, United States Steel Corporation, Pittsburgh, PennsylvaniaC2017
Dawne S. Hickton Former President and CEO, RTI International Metals, Inc, Pittsburgh, PennsylvaniaC2018
Dwight Eric SmithPresident and Chief Executive Officer, Sophisticated Systems, Inc., Columbus, OhioC2019