Cleveland Fed’s Green Building Captures the Gold
The Federal Reserve Bank of Cleveland is one of only six organizations in Ohio to achieve Leadership in Energy and Environmental Design (LEED) gold certification from the Green Building Certification Institute (GBCI), placing the Bank in an elite group of existing buildings that rank high in sustainable performance.
LEED is a points-based rating system for measuring the environmental impact of buildings through sustainable operations and maintenance. Certification is awarded through the GBCI after reviewing a building's potential environmental impacts. The GBCI awards certification at four levels: Certified, Silver, Gold and Platinum. The Bank received the gold in the existing building category.
Creating a more sustainable facility took years of preparation and planning. Beginning in the late 1990s, the Bank's Facilities Department identified and completed building upgrades and stepped up recycling and sustainable purchasing initiatives.
One unique effort involves the Bank partnering with a Cleveland-area greenhouse that composts several tons of worn out shredded currency each week (more than 150 tons annually) as well as most of the Bank's food and paper waste. Currently, about 80 percent of the Bank's waste is now diverted from landfills through recycling and composting.
"The innovative green methods implemented by the Bank demonstrate a commitment to excellence and to being good stewards of the environment and public funds," says Tony Turcinov, senior vice president at the Federal Reserve Bank of Cleveland.
Keeping with the green theme, the 90-year old building – recognized on the National Register of Historic Places – has also garnered multiple Energy Star awards from the US Environmental Protection Agency (EPA) and the US Department of Energy (DOE) for its energy efficiency.
The Federal Reserve System
The Federal Reserve Bank of Cleveland is one of 12 regional Reserve Banks that, along with the Board of Governors in Washington, D.C., comprise the Federal Reserve System. As the nation's central bank, the Federal Reserve System formulates U.S. monetary policy, supervises banks and bank holding companies, and provides payment services to financial institutions and to the U.S. government. Payment services include check clearing, electronic payments, and the distribution of currency and coin.
Fourth Federal Reserve District
The Federal Reserve Bank of Cleveland, with branches in Cincinnati and Pittsburgh, serves the Fourth Federal Reserve District, which includes Ohio, western Pennsylvania, eastern Kentucky, and the northern panhandle of West Virginia. For information on the Federal Reserve Bank of Cleveland, see www.clevelandfed.org or follow us on Facebook and Twitter (@ClevelandFed).