While still much of a manual process, using rotary perforators in the mechanical cancellation of securities, shown here in this photo from 1951, was much safer.
In 1943, check collection employees worked five shifts around the clock to meet the rising tempo of the war.
Currency sorting at mid-century was much as it had been in the 1920s, when the task was first mechanized by introducing the federal bill counter.
Since Pearl Harbor, every director, officer, and employee of the Federal Reserve Bank has been fingerprinted. This photo is from 1943.
The main vault, no longer used, is made of concrete and reinforced with an intricate, interlaced type of fabricated steel. The door is 5 feet thick and weighs 100 tons but is so precisely balanced that one person can swing it closed.
The Treasury authorized Federal Reserve Banks to cancel and destroy silver certificates and US notes in 1953 and unfit Federal Reserve notes in 1966. Here, Federal Reserve Bank of Cleveland Cash Department employees throw bundles of unfit currency into the gas-fired incinerator.
Bank employees named the four robots that now transport the cash: TT’s Little Squirt, BIP, Bumble Bee, and shown above, Farina.
Changes in the building have been based on productivity, efficiency, and sustainability. We undertook a major mechanical/electrical renovation in 1956, completed a full remodel and restoration in 1998, and achieved Leadership in Energy and Environment Design (LEED) certification in 2011.
In the wake of riots in Cleveland on May Day 1919, Bank leaders took precautions in anticipation of opening the Federal Reserve Bank of Cleveland’s new building. The Bank hired, organized, and trained roughly 60 guards. Over time, security staff has become a federally commissioned police department.
The Bank’s Learning Center and Money Museum underwent a refresh in 2012. A new animated, interactive game tracing the origins of the Federal Reserve is shown here.
Spaces that were once used for production are now open work spaces that allow for quick lines of communication and are designed for project teams to work collaboratively. eGovernment employees are shown above.
Unfit, shredded notes that used to be burned are now composted at Rosby’s Berry Farm in Brooklyn Heights, Ohio, as part of the Bank’s waste management initiative.