Cleveland Fed Names Mohanty Head of Banking Supervision
CLEVELAND – The Federal Reserve Bank of Cleveland recently appointed Anulekha Mohanty senior vice president of banking supervision, credit risk management, and statistics.
She will succeed Steve Jenkins, who will retire at the end of January after more than 37 years with the Cleveland Fed.
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.
She joined the Cleveland Fed as a bank examiner in 2003. Since then she has held several positions of increasing responsibility, most recently serving as the officer responsible for the consumer protection supervision program. She holds a bachelor degree in economics from the University of Illinois, Urbana-Champaign, and a master degree in economics from Kent State University.
“Anulekha has considerable bank supervisory experience, involving banks across the portfolio in terms of asset size,” says 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.”
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