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

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 (clevelandfed.org).

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.”