| Federal Reserve Bank of Cleveland | |
| Image 1: | Seal of the United States Federal Reserve System.svg |
| Image Title 1: | Federal Reserve Seal |
| Image 2: | Federal Reserve Bank — Cleveland, Ohio.jpg |
| Image Title 2: | Headquarters |
| Headquarters: | E. 6th St. and Superior Ave. Cleveland, Ohio, USA |
| Executive Title: | President |
| Executive: | Beth M. Hammack |
| Website: | www.ClevelandFed.org |
| Footnotes: | The Federal Reserve Bank of Cleveland is one of 12 regional banks that make up the Federal Reserve System |
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 interim chief executive officer and president is Mark Meder. Since August 21, 2024, Beth M. Hammack has been serving as the bank's chief executive officer and president.[1]
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.[2] 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 100ST bank vault door is the largest in the world and was designed by Frederick S. Holmes. The door casting itself was 20ST. It incorporates the largest hinge ever built. The hinge has an overall height of 19feet and weighs over 47ST fully assembled. The vault's use was discontinued in 1997, though it is preserved intact for posterity.[3]
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.[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 by Joseph G. Haubrich and the Federal Reserve Bank of Cleveland.[6]
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.[7]
| James H. Nicholson | President and Chief Executive Officer, North Valley Bank, Zanesville, Ohio | A | 2026 | |
|---|---|---|---|---|
| Eddie L. Steiner | President and Chief Executive Officer, CSB Bancorp, Inc, Millersburg, Ohio | A | 2024 | |
| Helga Houston | Senior Executive Vice President and Chief Risk Officer, Huntington Bancshares Inc., Columbus, Ohio | A | 2025 | |
| Darrell McNair | President, MVP Plastics, Inc., Middlefield, Ohio | B | 2026 | |
| Jacqueline Gamblin | Chief Executive Officer, JYG Innovations, Dayton, Ohio | B | 2024 | |
| Holly B. Wiedemann | Founder, AU Associates, Inc., Lexington, Kentucky | B | 2025 | |
| Heidi L. Gartland(Chair) | Chief Government and Community Relations Officer, University Hospitals Cleveland Medical Center, Cleveland, Ohio | C | 2025 | |
| Richard J. Kramer(Vice Chair) | Former Chairman, Chief Executive Officer, and President, The Goodyear Tire & Rubber Company, Akron, Ohio | C | 2024 | |
| Ramona Hood | Former President and Chief Executive Officer, FedEx Custom Critical, Richfield, Ohio | C | 2026 |
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 | Ref | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Governors | |||||||||||||||||
| 1 | Elvadore R. Fancher* | 1864–1935 | November 2, 1914 | January 16, 1935 | [8] | ||||||||||||
| Presidents | |||||||||||||||||
| 2 | Matthew J. Fleming | 1879–1962 | January 19, 1935 | September 15, 1944 | [9] | ||||||||||||
| 3 | Ray M. Gidney | 1887–1978 | November 1, 1944 | April 16, 1953 | [10] | ||||||||||||
| 4 | Wilbur D. Fulton | 1898–1964 | May 14, 1953 | April 30, 1963 | [11] | ||||||||||||
| 5 | W. Braddock Hickman | 1911–1970 | May 1, 1963 | November 28, 1970 | [12] | ||||||||||||
| 6 | Willis J. Winn | 1917-2002 | September 1, 1971 | April 30, 1982 | [13] | ||||||||||||
| 7 | Karen N. Horn | 1944– | May 1, 1982 | April 8, 1987 | [14] | ||||||||||||
| 8 | W. Lee Hoskins | October 8, 1987 | November 15, 1991 | [15] | |||||||||||||
| 9 | Jerry L. Jordan | 1941- | March 10, 1992 | January 31, 2003 | [16] | ||||||||||||
| 10 | Sandra Pianalto | 1954- | February 1, 2003 | May 31, 2014 | [17] | ||||||||||||
| 11 | Loretta J. Mester | 1958– | June 1, 2014 | June 30, 2024 | [18] | ||||||||||||
| 12 | Beth M. Hammack | 1971/1972– | August 21, 2024 | Incumbent | [19] | ||||||||||||
| † | Stepped down due to reaching retirement age | |
| Died in office |