Skip to:
  1. Main navigation
  2. Main content
  3. Footer
Press Release

Cleveland Fed Names Anulekha Mohanty Head of Banking Supervision, Credit Risk Management, and Statistics

The Federal Reserve Bank of Cleveland announced that Anulekha Mohanty has been named senior vice president of Banking Supervision, Credit Risk Management, and Statistics (SCS), effective January 1, 2024.

She will succeed Steve Jenkins, who will retire at the end of January after more than 37 years with the Cleveland Fed.

Anulekha Mohanty will lead a department that supervises more than 260 financial institutions in the Fourth Federal Reserve District to ensure they operate in a safe and sound manner, provide fair access to credit, and comply with laws, regulations, and mandates.  For more information on the SCS department, including the credit risk and statistics and analysis functions, see: Supervision and Regulation (

Anulekha Mohanty joined the Cleveland Fed as a bank examiner in 2003. Since then she has held several positions of increasing responsibility within the SCS department, most recently serving as the officer responsible for the consumer protection supervision program. She holds a bachelor’s in economics from the University of Illinois, Urbana-Champaign, and a master’s in economics from Kent State University.

The position attracted a pool of well-qualified candidates from inside and outside the Federal Reserve System.

“Anulekha has considerable bank supervisory experience, involving banks across the portfolio in terms of asset size,” said Loretta J. Mester, Cleveland Fed president and CEO. “Her strong leadership, communication, and interpersonal skills will serve our Bank, financial institutions in the Fourth District, and the public well.”

Jenkins joined the Cleveland Fed as an associate bank examiner in 1986. He was named an assistant vice president in 1996 and vice president in 1999 before being appointed to his current role in 2007.

Mester said that “Steve has led the SCS department through very challenging times, including the great financial crisis and the pandemic. He has my deepest appreciation for his unwavering commitment to supporting the Fed’s mission to promote a safe and sound banking system on behalf of the public.”

Federal Reserve Bank of Cleveland

The Federal Reserve Bank of Cleveland is one of 12 regional Reserve Banks that along with the Board of Governors in Washington DC comprise the Federal Reserve System. Part of the US central bank, the Cleveland Fed participates in the formulation of our nation’s monetary policy, supervises banking organizations, provides payment and other services to financial institutions and to the US Treasury, and performs many activities that support Federal Reserve operations System-wide. In addition, the Bank supports the well-being of communities across the Fourth Federal Reserve District through a wide array of research, outreach, and educational activities.

The Cleveland Fed, with branches in Cincinnati and Pittsburgh, serves an area that comprises Ohio, western Pennsylvania, eastern Kentucky, and the northern panhandle of West Virginia.

Media contact

Chuck Soder,, 216.672.2798