Federal Reserve Bank of Cleveland
Encyclopedia
Cleveland, Ohio
Cleveland is a city in the U.S. state of Ohio and is the county seat of Cuyahoga County, the most populous county in the state. The city is located in northeastern Ohio on the southern shore of Lake Erie, approximately west of the Pennsylvania border...
-based headquarters of the U.S. Federal Reserve System
Federal Reserve System
The Federal Reserve System is the central banking system of the United States. It was created on December 23, 1913 with the enactment of the Federal Reserve Act, largely in response to a series of financial panics, particularly a severe panic in 1907...
's Fourth District. The district is composed of Ohio
Ohio
Ohio is a Midwestern state in the United States. The 34th largest state by area in the U.S.,it is the 7th‑most populous with over 11.5 million residents, containing several major American cities and seven metropolitan areas with populations of 500,000 or more.The state's capital is Columbus...
, western Pennsylvania
Pennsylvania
The Commonwealth of Pennsylvania is a U.S. state that is located in the Northeastern and Mid-Atlantic regions of the United States. The state borders Delaware and Maryland to the south, West Virginia to the southwest, Ohio to the west, New York and Ontario, Canada, to the north, and New Jersey to...
, eastern Kentucky
Kentucky
The Commonwealth of Kentucky is a state located in the East Central United States of America. As classified by the United States Census Bureau, Kentucky is a Southern state, more specifically in the East South Central region. Kentucky is one of four U.S. states constituted as a commonwealth...
, and the northern panhandle
Northern Panhandle of West Virginia
The Northern Panhandle is a culturally and geographically distinct region in the U.S. state of West Virginia. It is the state's northernmost extension, bounded by the Ohio River on the north and west, along with the state of Pennsylvania on the east...
of West Virginia
West Virginia
West Virginia is a state in the Appalachian and Southeastern regions of the United States, bordered by Virginia to the southeast, Kentucky to the southwest, Ohio to the northwest, Pennsylvania to the northeast and Maryland to the east...
. It has branch offices in Cincinnati and Pittsburgh
Pittsburgh, Pennsylvania
Pittsburgh is the second-largest city in the US Commonwealth of Pennsylvania and the county seat of Allegheny County. Regionally, it anchors the largest urban area of Appalachia and the Ohio River Valley, and nationally, it is the 22nd-largest urban area in the United States...
. The check processing center in Columbus, Ohio
Columbus, Ohio
Columbus is the capital of and the largest city in the U.S. state of Ohio. The broader metropolitan area encompasses several counties and is the third largest in Ohio behind those of Cleveland and Cincinnati. Columbus is the third largest city in the American Midwest, and the fifteenth largest city...
was closed in 2005. The chief executive officer
Chief executive officer
A chief executive officer , managing director , Executive Director for non-profit organizations, or chief executive is the highest-ranking corporate officer or administrator in charge of total management of an organization...
and president
President
A president is a leader of an organization, company, trade union, university, or country.Etymologically, a president is one who presides, who sits in leadership...
is Sandra Pianalto
Sandra Pianalto
Sandra Pianalto took office on February 1, 2003, as the tenth chief executive of the Fourth District Federal Reserve Bank, at Cleveland....
.
The bank building, located at Superior Avenue and East 6th Street in downtown Cleveland
Downtown Cleveland
Downtown Cleveland is the central business district of the City of Cleveland and Northeast Ohio. Reinvestment in the area in the mid-1990s spurred a rebirth that continues to this day, with over $2 billion in residential and commercial developments slated for the area over the next few years...
was designed by the Cleveland firm of Walker and Weeks
Walker and Weeks
Walker and Weeks was an architecture firm based in Cleveland, Ohio founded by Frank Ray Walker and Harry F. Weeks .-Background:...
and completed in 1923. Its exterior architecture emulates an Italian Renaissance
Renaissance architecture
Renaissance architecture is the architecture of the period between the early 15th and early 17th centuries in different regions of Europe, demonstrating a conscious revival and development of certain elements of ancient Greek and Roman thought and material culture. Stylistically, Renaissance...
palazzo
Palazzo
Palazzo, an Italian word meaning a large building , may refer to:-Buildings:*Palazzo, an Italian type of building**Palazzo style architecture, imitative of Italian palazzi...
, is clad in pink Sienna marble
Marble
Marble is a metamorphic rock composed of recrystallized carbonate minerals, most commonly calcite or dolomite.Geologists use the term "marble" to refer to metamorphosed limestone; however stonemasons use the term more broadly to encompass unmetamorphosed limestone.Marble is commonly used for...
. An extension to the building designed by HOK
Hellmuth, Obata and Kassabaum
HOK is a global architecture, interiors, engineering, planning and consulting firm. HOK is the largest U.S.-based architecture-engineering firm and the "No. 1 role model for sustainable and high-performance design." HOK also is the second-largest interior design firm...
was completed in 1998, providing new facilities for check processing and cash handling. The building is listed on the National Register of Historic Places
National Register of Historic Places
The National Register of Historic Places is the United States government's official list of districts, sites, buildings, structures, and objects deemed worthy of preservation...
.
The building's entrances feature allegorical sculpture
Allegorical sculpture
Allegorical sculpture refers to sculptures that symbolize and particularly personify abstract ideas as in allegory.Common in the western world, for example, are statues of 'Justice', a female figure traditionally holding scales in one hand, as a symbol of her weighing issues and arguments, and a...
s by Henry Hering
Henry Hering
Henry Hering was an American sculptor who was born New York City on February 15, 1874 and died there on January 17, 1949.-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...
representing Security and Integrity flanking the East Sixth Street entrance, while his Energy watches the Superior Avenue entry.
Its original 100 short tons (90.7 t) bank vault
Bank vault
A bank vault is a secure space where money, valuables, records, and documents can be stored. It is intended to protect their contents from theft, unauthorized use, fire, natural disasters, and other threats, just like a safe...
door is the largest in the world. The hinge has an overall height of 19 feet (5.8 m) and weighs over 47 short tons (42.6 t) fully assembled. The door casting itself was 20 short tons (18.1 t). It incorporates the largest hinge ever built. 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, 2001September 11, 2001 attacks
The September 11 attacks The September 11 attacks The September 11 attacks (also referred to as September 11, September 11th or 9/119/11 is pronounced "nine eleven". The slash is not part of the pronunciation...
. Over 25 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.
Class A
| Name | Title | Term Expires |
|---|---|---|
| Charlotte W. Martin | President and Chief Executive Officer Great Lakes Bankers Bank Worthington, Ohio Worthington, Ohio -Dissolution of the Company:By August 11, 1804 the plat maps were completed, payments or notes promising payments collected and deeds prepared for all sixteen thousand acres of the Scioto Company's purchase... |
2011 |
| C. Daniel DeLawder | Chairman and Chief Executive Officer Park National Bank Park National Bank The Park National Bank is the lead bank in the $5.5 billion Park National Corporation serving Ohio and Northern Kentucky. The bank has several affiliate banks, including: Fairfield National Bank; Park National Bank, Park National Bank: Southwest Ohio & Northern Kentucky; Farmers and Savings Bank;... Newark, Ohio Newark, Ohio In addition, the remains of a road leading south from the Octagon have been documented and explored. It was first surveyed in the 19th century, when its walls were more apparent. Called the Great Hopewell Road, it may extend to the Hopewell complex at Chillicothe, Ohio... |
2012 |
| Paul G. Greig | Chairman, President and Chief Executive Officer FirstMerit Corp. FirstMerit Corp. FirstMerit Corporation is a diversified financial services company headquartered in Akron, Ohio, with assets of $14.3 billion USD as of June 30, 2011 and 207 banking offices and 213 ATMs in Ohio, Western Pennsylvania and the Chicago area. FirstMerit Corporation provides a complete range of banking... Akron, Ohio Akron, Ohio Akron , is the fifth largest city in the U.S. state of Ohio and the county seat of Summit County. It is located in the Great Lakes region approximately south of Lake Erie along the Little Cuyahoga River. As of the 2010 census, the city had a population of 199,110. The Akron Metropolitan... |
2013 |
Class B
| Name | Title | Term Expires |
|---|---|---|
| Tilmon F. Brown | President and Chief Executive Officer New Horizons Baking Company Norwalk, Ohio Norwalk, Ohio At the 2000 census, there were 16,238 people, 6,377 households and 4,234 families residing in the city. The population density was 1,950.3 per square mile . There were 6,687 housing units at an average density of 803.1 per square mile... |
2011 |
| Susan Tomasky | President AEP Transmission Columbus, Ohio Columbus, Ohio Columbus is the capital of and the largest city in the U.S. state of Ohio. The broader metropolitan area encompasses several counties and is the third largest in Ohio behind those of Cleveland and Cincinnati. Columbus is the third largest city in the American Midwest, and the fifteenth largest city... |
2012 |
| Harold Keller | President Ohio Capital Corporation for Housing Columbus, Ohio Columbus, Ohio Columbus is the capital of and the largest city in the U.S. state of Ohio. The broader metropolitan area encompasses several counties and is the third largest in Ohio behind those of Cleveland and Cincinnati. Columbus is the third largest city in the American Midwest, and the fifteenth largest city... |
2013 |
Class C
| Name | Title | Term Expires |
|---|---|---|
| Alfred M. Rankin, Jr. (Chair) |
Chairman, President and Chief Executive Officer NACCO Industries, Inc. NACCO Industries, Inc. NACCO Industries, Inc. is a publicly traded holding company, headquartered in Mayfield Heights, Ohio, involved in the lift truck, housewares, and mining industries. As of 2007, the company is ranked in the Fortune 1000... Cleveland, Ohio Cleveland, Ohio Cleveland is a city in the U.S. state of Ohio and is the county seat of Cuyahoga County, the most populous county in the state. The city is located in northeastern Ohio on the southern shore of Lake Erie, approximately west of the Pennsylvania border... |
2011 |
| Richard K. Smucker (Deputy Chair) |
Executive Chairman and Co-Chief Executive Officer The J.M. Smucker Company Orrville, Ohio Orrville, Ohio Orrville is a city in Wayne County, Ohio, United States. The population was 8,551 at the 2000 census.The J.M. Smucker Co., owner of the Smucker's brand, is headquartered in Orrville.-Geography:Orrville is located at .... |
2012 |
| Christopher M. Conner | Chairman and Chief Executive Officer The Sherwin-Williams Company Cleveland, Ohio Cleveland, Ohio Cleveland is a city in the U.S. state of Ohio and is the county seat of Cuyahoga County, the most populous county in the state. The city is located in northeastern Ohio on the southern shore of Lake Erie, approximately west of the Pennsylvania border... |
2013 |
See also
- Federal Reserve SystemFederal Reserve SystemThe Federal Reserve System is the central banking system of the United States. It was created on December 23, 1913 with the enactment of the Federal Reserve Act, largely in response to a series of financial panics, particularly a severe panic in 1907...
- Federal Reserve Bank of Cleveland Cincinnati Branch OfficeFederal Reserve Bank of Cleveland Cincinnati Branch OfficeThe Federal Reserve Bank of Cleveland Cincinnati Branch Office is one of the three Federal Reserve Bank of Cleveland branch offices. The Cincinnati Office of the Federal Reserve Bank of Cleveland provides currency distribution services for financial institutions in multiple Reserve Districts.James M...
- Federal Reserve Bank of Cleveland Pittsburgh Branch OfficeFederal Reserve Bank of Cleveland Pittsburgh Branch OfficeThe Federal Reserve Bank of Cleveland Pittsburgh Branch Office is one of the three Federal Reserve Bank of Cleveland branch offices. The Pittsburgh Office of the Federal Reserve Bank of Cleveland hosts one of two savings bonds processing sites in the nation.The current chairman is Sunil T. Wadhwani...
- Federal Reserve ActFederal Reserve ActThe Federal Reserve Act is an Act of Congress that created and set up the Federal Reserve System, the central banking system of the United States of America, and granted it the legal authority to issue Federal Reserve Notes and Federal Reserve Bank Notes as legal tender...
- Structure of the Federal Reserve SystemStructure of the Federal Reserve SystemThe Federal Reserve System is composed of five parts:# The presidentially appointed Board of Governors , an independent federal government agency located in Washington, D.C....