![]() Federal Reserve Seal | |
![]() Headquarters | |
Headquarters | E. 6th St. and Superior Ave. Cleveland, Ohio, USA |
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Coordinates | 41°30′6.98″N 81°41′25″W / 41.5019389°N 81.69028°W |
Established | May 18, 1914 |
President | Mark Meder (Interim) |
Central bank of | Fourth District
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Website | www.ClevelandFed.org |
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. On August 21, 2024, Beth M. Hammack will assume the roles of 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 100 short tons (91 t) bank vault door is the largest in the world and was designed by Frederick S. Holmes. The door casting itself was 20 short tons (18 t).[citation needed] It incorporates the largest hinge ever built. The hinge has an overall height of 19 feet (5.8 m) and weighs over 47 short tons (43 t) fully assembled. The vault's use was discontinued in 1997, though it is preserved intact for posterity.[3]