Federal Reserve 101 Presented by Chuck Soder of the Federal Reserve Bank of Cleveland

The Federal Reserve is best known for managing interest rates, but it also plays a key role in the regional economy. Learn why the US central bank was created – and what it does in Ohio – during this visual presentation by Wapakoneta native Chuck Soder, who works for the Federal Reserve Bank of Cleveland. You’ll hear how the Cleveland Fed keeps tabs on the western Ohio economy – and you’ll see the process it uses to take care of the cash in your pocket. He’ll also break out a few photos of the Cleveland Fed’s century-old headquarters, home to the biggest vault door in the world.