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. Since August 21, 2024, Beth M. Hammack has been serving as the bank's chief executive officer and president.
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. 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.

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 2024. 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
James H. NicholsonPresident and Chief Executive Officer, North Valley Bank, Zanesville, OhioA2026
Eddie L. SteinerPresident and Chief Executive Officer, CSB Bancorp, Inc, Millersburg, OhioA2024
Helga HoustonSenior Executive Vice President and Chief Risk Officer, Huntington Bancshares Inc., Columbus, OhioA2025
Darrell McNairPresident, MVP Plastics, Inc., Middlefield, OhioB2026
Jacqueline GamblinChief Executive Officer, JYG Innovations, Dayton, OhioB2024
Holly B. WiedemannFounder, AU Associates, Inc., Lexington, KentuckyB2025
Heidi L. Gartland
'		Chief Government and Community Relations Officer, University Hospitals Cleveland Medical Center, Cleveland, OhioC2025
Richard J. Kramer
'		Former Chairman, Chief Executive Officer, and President, The Goodyear Tire & Rubber Company, Akron, OhioC2024
Ramona 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.
#PortraitCEOLife spanTerm startTerm endTenure lengthRef
Governors-------
1Elvadore R. Fancher*1864–1935November 2, 1914January 16, 1935
Presidents-------
2Matthew J. Fleming1879–1962January 19, 1935September 15, 1944
3Ray M. Gidney1887–1978November 1, 1944April 16, 1953
4Wilbur D. Fulton1898–1964May 14, 1953April 30, 1963
5W. Braddock Hickman*1911–1970May 1, 1963November 28, 1970
6Willis J. Winn1917-2002September 1, 1971April 30, 1982
7Karen N. Horn1944–May 1, 1982April 8, 1987
8W. Lee HoskinsOctober 8, 1987November 15, 1991
9Jerry L. Jordan1941-March 10, 1992January 31, 2003
10Sandra Pianalto1954-February 1, 2003May 31, 2014
11Loretta J. Mester1958–June 1, 2014June 30, 2024
12Beth M. Hammack1971/1972–August 21, 2024Incumbent

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