Federal Reserve Bank of Cleveland: Difference between revisions

Coordinates: 41°30′06″N 81°41′27″W / 41.5018°N 81.6907°W / 41.5018; -81.6907
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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.
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 {{convert|100|ST|t}} [[bank vault]] door is the largest in the world. The hinge has an overall height of {{convert|19|ft|m}} and weighs over {{convert|47|ST|t}} fully assembled. The door casting itself was {{convert|20|ST|t}}.{{fact|reason=Can't find a source for this last number}} It incorporates the largest hinge ever built. The vault's use was discontinued in 1997, though it is preserved intact for posterity.<ref>{{cite web|url=http://www.clevelandfed.org/For_the_Public/Tours/About_the_Cleveland_Fed/Photo_Tour/photo_tour_thirteen.cfm|title=Federal Reserve Bank of Cleveland historical photo tour|publisher=Federal Reserve Bank of Cleveland|accessdate=11 December 2009}}</ref>
Its original {{convert|100|ST|t}} [[bank vault]] door is the largest in the world. The hinge has an overall height of {{convert|19|ft|m}} and weighs over {{convert|47|ST|t}} fully assembled. The door casting itself was {{convert|20|ST|t}}.{{Citation needed|reason=Can't find a source for this last number|date=December 2009}} It incorporates the largest hinge ever built. The vault's use was discontinued in 1997, though it is preserved intact for posterity.<ref>{{cite web|url=http://www.clevelandfed.org/For_the_Public/Tours/About_the_Cleveland_Fed/Photo_Tour/photo_tour_thirteen.cfm|title=Federal Reserve Bank of Cleveland historical photo tour|publisher=Federal Reserve Bank of Cleveland|accessdate=11 December 2009}}</ref>
[[Image:Cleveland FRB Vault Door.jpg|thumb|right|250px|The door sealing the original primary vault inside the Bank's basement.]]
[[Image:Cleveland FRB Vault Door.jpg|thumb|right|250px|The door sealing the original primary vault inside the Bank's basement.]]


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===Class B===
===Class B===
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[[Category:Federal Reserve Banks|Cleveland]]
[[Category:Federal Reserve Banks|Cleveland]]
[[Category:National Register of Historic Places in Ohio]]
[[Category:National Register of Historic Places in Ohio]]



{{US-bank-stub}}
{{US-bank-stub}}

Revision as of 01:04, 16 December 2009

Exterior view of Cleveland Federal Reserve building.

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 chief executive officer and president is Sandra Pianalto.[1]

The bank building, located at Superior Avenue and East 6th Street in downtown Cleveland was designed by the Cleveland firm of Walker and Weeks and completed in 1923. Its exterior architecture emulates an Italian Renaissance palazzo, is clad in pink Sienna 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. The hinge has an overall height of 19 feet (5.8 m) and weighs over 47 short tons (43 t) fully assembled. The door casting itself was 20 short tons (18 t).[citation needed] It incorporates the largest hinge ever built. The vault's use was discontinued in 1997, though it is preserved intact for posterity.[2]

The door sealing the original primary vault inside the Bank's basement.

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 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.

Cleveland Board of Directors

The following people are on the board of directors as of 2009:[3]

Class A

Class A
Name Title Term Expires
C. Daniel DeLawder Chairman and Chief Executive Officer

Park National Bank Newark, Ohio

2009
James E. Rohr Chairman and Chief Executive Officer

The PNC Financial Services Group, Inc. Pittsburgh, Pennsylvania

2010
Charlotte W. Martin President and Chief Executive Officer

Great Lakes Bankers Bank Gahanna, Ohio

2011

Class B

Class B
Name Title Term Expires
V. Ann Hailey Chief Financial Officer

Gilt Groupe New York, New York

2009
Les C. Vinney Immediate Past President and Chief Executive Officer

STERIS Corporation Mentor, Ohio

2010
Tilmon F. Brown President and Chief Executive Officer

New Horizons Baking Company Norwalk, Ohio

2011

Class C

Class C
Name Title Term Expires
Tanny B. Crane

(Chair)

President and Chief Executive Officer

Crane Group Company Columbus, Ohio

2009
Roy W. Haley Chairman and Chief Executive Officer

WESCO International, Inc. Pittsburgh, Pennsylvania

2010
Alfred M. Rankin, Jr.

(Deputy Chair)

Chairman, President and Chief Executive Officer

NACCO Industries, Inc. Cleveland, Ohio

2011

All terms expire on December 31.[3]

See also

References

  1. ^ "Sandra Pianalto". Federal Reserve Bank of Cleveland. Retrieved 2008-02-18.
  2. ^ "Federal Reserve Bank of Cleveland historical photo tour". Federal Reserve Bank of Cleveland. Retrieved 11 December 2009.
  3. ^ a b "Directors of Federal Reserve Banks and Branches". The Federal Reserve. The Federal Reserve Board. February 5, 2009. Retrieved 2009-02-19.

External links

41°30′06″N 81°41′27″W / 41.5018°N 81.6907°W / 41.5018; -81.6907