Federal Reserve Bank of Dallas


Federal Reserve Bank of Dallas
Federal Reserve Bank of Dallas building

The Federal Reserve Bank of Dallas covers the Eleventh Federal Reserve District, which includes Texas, northern Louisiana and southern New Mexico. The Federal Reserve Bank of Dallas is one of 12 regional Reserve Banks that, along with the Board of Governors in Washington, D.C., make up the nation's central bank. The Dallas Fed is the only one where all external branches reside in the same state (although the region itself includes northern Louisiana as well as southern New Mexico). The Dallas Fed has branch offices in El Paso, Houston, and San Antonio. The Dallas bank is located at 2200 Pearl St. in Uptown area of Oak Lawn, just north of downtown Dallas and the Dallas Arts District. Prior to 1992, the bank was located at 400 S. Akard Street, in the Government District in Downtown Dallas. The older Dallas Fed building, which opened in 1921, was built in the Beaux-arts style, with large limestone structure with massive carved eagles and additional significant detailing; it is a City of Dallas Designated Landmark structure. The current Dallas Fed building, opened in September 1992, was designed by three architectural firms: Kohn Pedersen Fox Associates, New York; Sikes Jennings Kelly & Brewer, Houston; and John S. Chase, FAIA, Dallas and Houston. Dallas-based Austin Commercial Inc. served as project manager and general contractor.

Contents

Current Board of Directors

The following people serve on the board of directors as of 2011:[1] All terms expire December 31.[1]

Class A

Class A
Name Title Term Expires
George F. Jones, Jr. Chief Executive Officer
Texas Capital Bank
Dallas, Texas
2011
Pete Cook Chief Executive Officer
First National Bank in Alamogordo
Alamogordo, New Mexico
2012
Joe Kim King Chief Executive Officer and Chairman of the Board
Texas Country Bancshares, Inc.
Brady, Texas
2013

Class B

Class B
Name Title Term Expires
James B. Bexley Professor, Finance
Sam Houston State University
Huntsville, Texas
2011
Margaret H. Jordan President & Chief Executive Officer
Dallas Medical Resource
Dallas, Texas
2012
Elton M. Hyder President
The EMH Corporation
Fort Worth, Texas
2010

Class C

Class C
Name Title Term Expires
Renu Khator Chancellor/President
University of Houston
Houston, Texas
2011
Myron E. Ullman III
(Deputy Chair)
Chief Executive Officer & Chairman of the Board
J.C. Penney Company, Inc.
Plano, Texas
2012
Herb Kelleher
(Chair)
Founder and Chairman Emeritus
Southwest Airlines
Dallas, Texas
2013

History

Dallas was selected in 1914 to be the headquarters of the Eleventh District, in a somewhat surprising move. Originally, New Orleans was considered the favorite; however, while both cities had similarly sized banking operations, Dallas' activity had increased significantly while New Orleans' remained relatively flat, and therefore Dallas was chosen.

Branches

  • Federal Reserve Bank of Dallas El Paso Branch
  • Federal Reserve Bank of Dallas Houston Branch
  • Federal Reserve Bank of Dallas San Antonio Branch

Current Activity

US-Treasury-ElectronicTransferAccount-Logo.svg

The Dallas Fed is the nation's central processor for Treasury coupons and manages the national Electronic Transfer Account program, processes checks for federal benefit recipients. The Dallas Fed also focused on research dealing with maquiladoras and other U.S.-Mexico border economics. The president, as of 2005, is Richard W. Fisher, the former vice chairman of Kissinger and Associates. His predecessor, who served from 1991–2005, was Robert D. McTeer.

See also

Portal icon Government of the United States portal
Portal icon Dallas portal
  • Federal Reserve Act
  • Federal Reserve System
  • Federal Reserve Bank
  • Federal Reserve Districts
  • Federal Reserve Branches
  • Structure of the Federal Reserve System
  • Federal Reserve Bank of Dallas El Paso Branch
  • Federal Reserve Bank of Dallas Houston Branch
  • Federal Reserve Bank of Dallas San Antonio Branch

References

External links

Coordinates: 32°47′30″N 96°48′01″W / 32.791717°N 96.800162°W / 32.791717; -96.800162


Wikimedia Foundation. 2010.

Look at other dictionaries:

  • Federal Reserve Bank Of Dallas — The Federal Reserve Bank located in Dallas, which is responsible for the 11th district. Its territory includes parts of the states of Louisiana and New Mexico, as well as the entire state of Texas. It operates several branches within the district …   Investment dictionary

  • Federal Reserve Bank — Dieser Artikel behandelt das Federal Reserve System (Fed). Für Bedeutungen der Abkürzung FED siehe FED. In diesem Artikel oder Abschnitt fehlen folgende wichtige Informationen: Siehe Diskussionsseite Du kannst Wikipedia helfen, indem du sie… …   Deutsch Wikipedia

  • Federal Reserve Bank of New York — building The Federal Reserve Bank of New York is one of the 12 Federal Reserve Banks of the United States. It is located at 33 Liberty Place, New York, NY. It is responsible for the Second District of the Federal Reserve System, which encompasses …   Wikipedia

  • Federal Reserve Bank of Minneapolis — Federal Reserve System, U.S. 9th District, seen from Hennepin Avenue …   Wikipedia

  • Federal Reserve Bank — Réserve fédérale des États Unis Réserve fédérale des États Unis Federal Reserve System Siège Washington, D.C. Création 23 décembre  …   Wikipédia en Français

  • Federal reserve bank — Réserve fédérale des États Unis Réserve fédérale des États Unis Federal Reserve System Siège Washington, D.C. Création 23 décembre  …   Wikipédia en Français

  • Federal Reserve Bank of Chicago — Coordinates: 41°52′43″N 87°37′54″W / 41.878484°N 87.631567°W / 41.878484; 87.631567 …   Wikipedia

  • Federal Reserve Bank — Any of the 12 banks that together form the Federal Reserve System in the USA; they are situated in Boston, New York, Philadelphia, Cleveland, Richmond, Atlanta, Chicago, St Louis, Minneapolis, Kansas City, Dallas, and San Francisco. They provide… …   Big dictionary of business and management

  • Federal Reserve Bank — The banks that carry out Fed operations, including controlling the money supply and regulating member banks. There are 12 District Feds, headquartered in Boston, New York, Philadelphia, Cleveland, St. Louis, San Francisco, Richmond, Atlanta,… …   Investment dictionary

  • Federal Reserve System — FRB and FED redirect here. For other uses, see FRB (disambiguation) and FED (disambiguation). Federal Reserve System …   Wikipedia


Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”

We are using cookies for the best presentation of our site. Continuing to use this site, you agree with this.