The Federal Reserve Bank of Dallas covers the Eleventh Federal Reserve District, which includes Texas, northern Louisiana and southern New Mexico, a district sometimes referred to as the Oil Patch.[1] 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 the Uptown neighborhood 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.
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.[3]
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.
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The Federal Reserve Bank of Dallas covers the Eleventh Federal Reserve District which includes Texas northern Louisiana and southern New Mexico a district sometimes referred to as the Oil Patch 1 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 the Uptown neighborhood 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 amp Brewer Houston and John S Chase FAIA Dallas and Houston Dallas based Austin Commercial Inc served as project manager and general contractor Federal Reserve Bank of DallasFederal Reserve SealHeadquartersHeadquarters2200 N Pearl St Dallas Texas USAEstablishedMay 18 1914 109 years ago 1914 05 18 PresidentLorie K LoganCentral bank ofEleventh District TexasParts of Louisiana New MexicoPreceded byRobert Steven KaplanWebsitewww DallasFed orgThe Federal Reserve Bank of Dallas is one of 12 regional banks that make up the Federal Reserve System Contents 1 Board of directors 1 1 Class A 1 2 Class B 1 3 Class C 2 History 3 Branches 4 Current Activity 5 See also 6 References 7 External linksBoard of directors edit nbsp Map of the Eleventh District nbsp Former Dallas Fed Presidents Robert D McTeer 1991 2004 left and Richard W Fisher 2005 2015 right The following people serve on the Board of Directors as of 2022 update 2 Class A edit Elected by member banks to represent member banks Class A Name Title Term Expires Dec 31 Joe Quiroga President Texas National BankEdinburg Texas 2022Robert A Hulsey President and Chief Executive Officer American National Bank of TexasTerrell Texas 2023Kelly A Barclay President and Chief Executive Officer Ozona BankWimberley Texas 2024Class B edit Elected by member banks to represent the public Class B Name Title Term Expires Dec 31 Cynthia Taylor President and Chief Executive Officer Oil States International Inc Houston Texas 2022Gerald B Smith Chairman and Chief Executive Officer Smith Graham amp Company Investment Advisors L P Houston Texas 2023Renard U Johnson President and Chief Executive Officer Management amp Engineering Technologies International Inc El Paso Texas 2024Class C edit Appointed by the Federal Reserve Board of Governors to represent the public Class C Name Title Term Expires Dec 31 Thomas J Falk Chair Retired Chairman and Chief Executive Officer Kimberly Clark CorporationDallas Texas 2022Claudia Aguirre Deputy Chair President and Chief Executive Officer BakerRipleyHouston Texas 2023Cindy Ramos Davidson Chief Executive Officer El Paso Hispanic Chamber of CommerceEl Paso Texas 2024History edit nbsp 20 1915 Dallas District FRBN 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 3 Branches editFederal Reserve Bank of Dallas El Paso Branch Federal Reserve Bank of Dallas Houston Branch Federal Reserve Bank of Dallas San Antonio BranchCurrent Activity edit nbsp 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 current president is Lorie K Logan who assumed office in August 2022 4 Logan succeeded Robert Steven Kaplan who resigned in October 2021 5 See also edit nbsp United States portal nbsp Politics portal nbsp Banks portalFederal 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 BranchReferences edit Tracy Alloway June 20 2016 A Quick Trip to the Oil Patch Shows Energy Related Losses Rising Bloomberg Markets Federal Reserve Board Federal Reserve Bank of Dallas Board of Governors of the Federal Reserve System Retrieved 2022 02 07 History of the Dallas Fed Archived from the original on 2014 06 25 Lorie K Logan Named President and CEO of Dallas Fed www dallasfed org Retrieved 2022 05 22 Meredith N Black Federal Reserve Bank of Dallas www dallasfed org Retrieved 2022 02 07 External links edit nbsp Wikimedia Commons has media related to Federal Reserve Bank of Dallas Dallas Fed home page Map of the District 32 47 30 N 96 48 01 W 32 791717 N 96 800162 W 32 791717 96 800162 Retrieved from https en wikipedia org w index php title Federal Reserve Bank of Dallas amp oldid 1204368121, wikipedia, wiki, book, books, library,
