The Federal Reserve Bank of Cleveland is the

Cleveland Cleveland ( ), officially the City of Cleveland, is a city in the United States, U.S. U.S. state, state of Ohio and the county seat of Cuyahoga County, Ohio, Cuyahoga County. Located in the northeastern part of the state, it is situated along ...

-based headquarters of the U.S.

Federal Reserve System The Federal Reserve System (often shortened to the Federal Reserve, or simply the Fed) is the central banking system of the United States of America. It was created on December 23, 1913, with the enactment of the Federal Reserve Act, after ...

's Fourth

District A district is a type of administrative division that, in some countries, is managed by the local government. Across the world, areas known as "districts" vary greatly in size, spanning regions or counties, several municipalities, subdivision ...

. The district is composed of

Ohio Ohio () is a U.S. state, state in the Midwestern United States, Midwestern region of the United States. Of the List of states and territories of the United States, fifty U.S. states, it is the List of U.S. states and territories by area, 34th-l ...

, western

Pennsylvania Pennsylvania (; ( Pennsylvania Dutch: )), officially the Commonwealth of Pennsylvania, is a state spanning the Mid-Atlantic, Northeastern, Appalachian, and Great Lakes regions of the United States. It borders Delaware to its southeast, ...

, eastern

Kentucky Kentucky ( , ), officially the Commonwealth of Kentucky, is a state in the Southeastern region of the United States and one of the states of the Upper South. It borders Illinois, Indiana, and Ohio to the north; West Virginia and Virginia ...

, and the northern panhandle of West Virginia. It has branch offices in

Cincinnati Cincinnati ( ) is a city in the U.S. state of Ohio and the county seat of Hamilton County. Settled in 1788, the city is located at the northern side of the confluence of the Licking and Ohio rivers, the latter of which marks the state line w ...

and

Pittsburgh Pittsburgh ( ) is a city in the Commonwealth (U.S. state), Commonwealth of Pennsylvania, United States, and the county seat of Allegheny County, Pennsylvania, Allegheny County. It is the most populous city in both Allegheny County and Wester ...

. The check processing center in

Columbus, Ohio Columbus () is the state capital and the most populous city in the U.S. state of Ohio. With a 2020 census population of 905,748, it is the 14th-most populous city in the U.S., the second-most populous city in the Midwest, after Chicago, an ...

, was closed in 2005. The

chief executive officer A chief executive officer (CEO), also known as a central executive officer (CEO), chief administrator officer (CAO) or just chief executive (CE), is one of a number of corporate executives charged with the management of an organization especiall ...

and

president President most commonly refers to: *President (corporate title) * President (education), a leader of a college or university * President (government title) President may also refer to: Automobiles * Nissan President, a 1966–2010 Japanese ...

Loretta Mester Loretta J. Mester (born October 24, 1958) is president and CEO of the Federal Reserve Bank of Cleveland. Personal life Mester was born in Baltimore, Maryland on October 24, 1958. She is married to George Mailath, an economist at the University ...

. The bank building is a 13-story 203 foot high-rise, located at Superior Avenue and East 6th Street in

downtown Cleveland Downtown Cleveland is the central business district of Cleveland, Ohio. The economic and symbolic center of the city and the Cleveland-Akron-Canton, OH Combined Statistical Area, it is Cleveland's oldest district, with its Public Square laid out ...

was designed by the Cleveland firm of Walker and Weeks and completed in 1923. Its exterior architecture emulates an

Italian Renaissance The Italian Renaissance ( it, Rinascimento ) was a period in Italian history covering the 15th and 16th centuries. The period is known for the initial development of the broader Renaissance culture that spread across Europe and marked the trans ...

palazzo A palace is a grand residence, especially a royal residence, or the home of a head of state or some other high-ranking dignitary, such as a bishop or archbishop. The word is derived from the Latin name palātium, for Palatine Hill in Rome which ...

, 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 National Register of Historic Places (NRHP) is the United States federal government's official list of districts, sites, buildings, structures and objects deemed worthy of preservation for their historical significance or "great artistic ...

. The building's entrances feature

allegorical sculpture Allegorical sculpture are sculptures of personifications of abstract ideas as in allegory. Common in the western world, for example, are statues of Lady Justice representing justice, traditionally holding scales and a sword, and the statues of Pru ...

s by

Henry Hering Henry Hering (February 15, 1874 – January 15, 1949) was an American sculptor. Early career He was a student of Augustus Saint-Gaudens at Cooper Union and of Philip Martiny at the Art Students League of New York. He then went to Paris wher ...

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 Frederick S. Holmes was an American safe and vault engineer aninventorwho designed the largest vaults in the world. During his career, Holmes designed hundreds of vaults throughout the United States, Canada and Japan from 1895 to 1941. The majo ...

. 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 The September 11 attacks, commonly known as 9/11, were four coordinated suicide terrorist attacks carried out by al-Qaeda against the United States on Tuesday, September 11, 2001. That morning, nineteen terrorists hijacked four commerc ...

. 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.

References

External links

*
Images and architectural informationHistorical resources by and about the Federal Reserve Bank of Cleveland
including annual reports back to 1916 {{authority control Government buildings completed in 1923 Buildings and structures in Cleveland

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

Learning Center and Money Museum

Board of directors

See also

References

External links