January 24, 2017 6:24 PM ET


Company Overview of The Federal Reserve Bank of Cleveland

Company Overview

The Federal Reserve Bank of Cleveland, a central bank, specializes in payments systems, banking supervision, and economic issues. It acts as an active intermediary in clearing and settling interbank payments; models complex economic systems, analyzes data, and evaluates economic information to support the Federal Reserve Bank of Cleveland’s monetary policy, supervisory, and payments system responsibilities; produces economic research and monitors regional and national economic trends; and develops and implements electronic payment solutions for the federal government. The company’s education and public programs include tours for high school, college, and community groups; conferences and wor...

1455 East Sixth Street

Cleveland, OH 44114

United States

Founded in 1914





Key Executives for The Federal Reserve Bank of Cleveland

Chief Executive and President
Age: 57
Chief Operating Officer and First Vice President
Senior Vice President and General Counsel
Senior Vice President
Senior Vice President
Compensation as of Fiscal Year 2016.

The Federal Reserve Bank of Cleveland Key Developments

The Federal Reserve Bank of Cleveland Appoints John P. Surma as Chairman

Former U.S. steel chairman and CEO John P. Surma has been named chairman of the Federal Reserve Bank of Cleveland for 2017. Mr. Surma had been deputy chairman for the last two years. That job is being filled by Dawne S. Hickton, former president and CEO of RTI International Metals. Ms. Hickton was named to the bank's board last year.

The Federal Reserve Bank of Cleveland Promotes Susan Steinbrick to Executive Vice President

The Federal Reserve Bank of Cleveland announced the promotion of Susan Steinbrick from senior vice president to executive vice president effective January 1, 2017. Steinbrick will continue to lead the Banks financial services support, information technology, information security, enterprise risk management, strategy and performance management, continuous improvement, and business continuity areas. Prior to joining the Cleveland Fed, Steinbrick held the position of senior vice president and assistant general auditor at KeyCorp.

The Federal Reserve Bank of Cleveland Announces the Appointment of Mouneer Ahmad as Senior Vice President, Effective November 14, 2016

The Federal Reserve Bank of Cleveland announced the appointment of Mouneer Ahmad as senior vice president of the Banks Cash Services, Facilities, and Law Enforcement areas effective November 14, 2016. Ahmad will also become a member of the Banks Executive Leadership Team. Ahmad has extensive experience in organizational management and business process optimization. He comes to the Cleveland Reserve Bank from Deloitte Consulting, where he has been a senior manager in the finance strategy and operations practice. In this role, he led several process, organization, and systems strategy development efforts, including mergers and system consolidation programs, for multi-billion-dollar companies. Prior to his work with Deloitte, Ahmad served as a manager in the business advisory area of Ernst & Young and as a senior consultant in the strategy, process, and transformation area of BearingPoint. In addition, he was US financial operations lead in organizational development and process improvement at Oilily Retail USA, for which he managed all accounting and finance functions.

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Recent Private Companies Transactions

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