Investopedia / Laura Porter The Federal Reserve Bank of Cleveland is one of the 12 Federal Reserve banks. What Is the Federal Reserve Bank of Cleveland? The Federal Reserve Bank of Cleveland is ...

CLEVELAND, Ohio -- Anulekha Monhanty next year will become the Federal Reserve Bank of Cleveland’s new senior vice president of banking supervision, credit risk management and statistics.

The bank’s design was meant to project the wealth and importance of Cleveland and the region. It cost $8 million to build the bank in 1923, about $145 million in today’s money, according to ...

What Is the Federal Reserve Bank of Cleveland? The Federal Reserve Bank of Cleveland is one of 12 reserve banks in the Federal Reserve System (FRS). The bank is responsible for the fourth district ...