Federal Reserve Bank of Dallas: Difference between revisions

Coordinates: 32°47′30″N 96°48′01″W / 32.791717°N 96.800162°W / 32.791717; -96.800162
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{{Organization
|OrganizationName=Federal Reserve Bank of Dallas
|OrganizationType=Independent Agencies
|Mission=To promote the stability, integrity, and efficiency of the U.S. economy and financial system. The Dallas Fed serves the Eleventh Federal Reserve District by implementing monetary policy, supervising and regulating banks, and providing payment services.
|ParentOrganization=Federal Reserve System
|CreationLegislation=Federal Reserve Act of 1913
|Employees=1300
|Budget=Not publicly specified (self-funding organization)
|OrganizationExecutive=President and CEO
|Services=Monetary policy implementation; bank supervision; financial services; economic research;
|HeadquartersLocation=32.79202, -96.79983
|HeadquartersAddress=2200 N Pearl St, Dallas, TX 75201
|Website=https://www.dallasfed.org
}}
{{Short description|Member Bank of Federal Reserve}}
{{Short description|Member Bank of Federal Reserve}}
{{Infobox central bank
{{Infobox central bank
| name = Federal Reserve Bank of Dallas
| name = Federal Reserve Bank of Dallas
| image_1 = [[File:Seal of the United States Federal Reserve System.svg|126px]]
| image_1 =  
| image_title_1 = Federal Reserve Seal
| image_title_1 = Federal Reserve Seal
| image_2 = [[File:Federal Reserve Bank of Dallas 1.jpg|126px]]
| image_2 =  
| image_title_2 = Headquarters
| image_title_2 = Headquarters
| headquarters = 2200 N. Pearl St. <br />[[Dallas]], [[Texas]], [[United States of America|USA]]
| headquarters = 2200 N. Pearl St. <br />[[Dallas]], [[Texas]], [[United States of America|USA]]
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| ownership = <!-- Government owned or private co. -->
| ownership = <!-- Government owned or private co. -->
| executive_title = President
| executive_title = President
| executive = [[Lorie K. Logan]]
| executive =  
| bank_of = {{Collapsible list |title=Eleventh District |{{flag|Texas}}<br />Parts of: |{{flag|Louisiana}} |{{flag|New Mexico}}
| bank_of = {{Collapsible list |title=Eleventh District |{{flag|Texas}}<br />Parts of: |{{flag|Louisiana}} |{{flag|New Mexico}}
}}
}}
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The '''Federal Reserve Bank of Dallas''' covers the Eleventh [[Federal Reserve]] District of the [[United States]], which includes [[Texas]], northern [[Louisiana]] and southern [[New Mexico]], a district sometimes referred to as the '''Oil Patch'''.<ref>{{cite web|title=A Quick Trip to the Oil Patch Shows Energy-Related Losses Rising|url=https://www.bloomberg.com/news/articles/2016-06-20/a-quick-trip-to-the-oil-patch-shows-energy-related-losses-rising|author=Tracy Alloway|publisher=[[Bloomberg Markets]]|date=June 20, 2016}}</ref>
The '''Federal Reserve Bank of Dallas''' covers the Eleventh [[Federal Reserve]] District of the [[United States]], which includes [[Texas]], northern [[Louisiana]] and southern [[New Mexico]], a district sometimes referred to as the '''Oil Patch'''.<ref>{{cite web|title=A Quick Trip to the Oil Patch Shows Energy-Related Losses Rising|url=https://www.bloomberg.com/news/articles/2016-06-20/a-quick-trip-to-the-oil-patch-shows-energy-related-losses-rising|author=Tracy Alloway|publisher=[[Bloomberg Markets]]|date=June 20, 2016}}</ref>
The Federal Reserve Bank of Dallas is one of 12 [[Federal Reserve System|regional Reserve Banks]] that, along with the [[Federal Reserve Board of Governors|Board of Governors]] in Washington, D.C., make up the U.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 Federal Reserve Bank of Dallas is one of 12 [[Federal Reserve System|regional Reserve Banks]] that, along with the [[Federal Reserve Board of Governors|Board of Governors]] in Washington, D.C., make up the U.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, Texas|El Paso]], [[Houston]], and [[San Antonio]].
The Dallas Fed has branch offices in [[El Paso, Texas|El Paso]], Houston, and [[San Antonio]].
The [[Dallas]] bank is located at 2200 Pearl St. in the [[Uptown Dallas|Uptown]] neighborhood of [[Oak Lawn, Dallas, Texas|Oak Lawn]], just north of [[downtown Dallas]] and the [[Arts District, Dallas, Texas|Dallas Arts District]].
The [[Dallas]] bank is located at 2200 Pearl St. in the [[Uptown Dallas|Uptown]] neighborhood of [[Oak Lawn, Dallas, Texas|Oak Lawn]], just north of [[downtown Dallas]] and the [[Arts District, Dallas, Texas|Dallas Arts District]].
Prior to 1992, the bank was located at 400 S. Akard Street, in the [[Government District, Dallas, Texas|Government District]] in [[Downtown Dallas]]. The older Dallas Fed building, which opened in 1921, was built in the [[Beaux-Arts architecture|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|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.
Prior to 1992, the bank was located at 400 S. Akard Street, in the [[Government District, Dallas, Texas|Government District]] in [[Downtown Dallas]]. The older Dallas Fed building, which opened in 1921, was built in the [[Beaux-Arts architecture|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|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.

Latest revision as of 17:01, 3 February 2025

Federal Reserve Bank of Dallas
Type: Independent Agencies
Parent organization: Federal Reserve System
Top organization:
Employees: 1300
Executive: President and CEO
Budget: Not publicly specified (self-funding organization)
Address: 2200 N Pearl St, Dallas, TX 75201
Website: https://www.dallasfed.org
Creation Legislation: Federal Reserve Act of 1913
Wikipedia: Federal Reserve Bank of DallasWikipedia Logo.png
Federal Reserve Bank of Dallas

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This map created from a Cargo query (Purge)
Mission
To promote the stability, integrity, and efficiency of the U.S. economy and financial system. The Dallas Fed serves the Eleventh Federal Reserve District by implementing monetary policy, supervising and regulating banks, and providing payment services.
Services

Monetary policy implementation; bank supervision; financial services; economic research;

Regulations
Federal Reserve Bank of Dallas
Headquarters2200 N. Pearl St.
Dallas, Texas, USA
EstablishedMay 18, 1914 (110 years ago) (1914-05-18)
PresidentLua error in Module:Wikidata at line 90: attempt to call field 'loadI18n' (a nil value).
Central bank of
Eleventh District
Preceded byRobert Steven Kaplan
Websitewww.DallasFed.org
The Federal Reserve Bank of Dallas is one of 12 regional banks that make up the Federal Reserve System

The Federal Reserve Bank of Dallas covers the Eleventh Federal Reserve District of the United States, 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 U.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.

Board of directors

File:Dallas Fed map.PNG
Map of the Eleventh District
File:FRS DALLAS cent grp 121613 0573 02832 (14079998541).jpg
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

(Elected by member banks to represent member banks)

Class A
Name Title Term Expires (Dec. 31)
Joe Quiroga President

Texas National Bank

Edinburg, Texas

2022
Robert A. Hulsey President and Chief Executive Officer

American National Bank of Texas

Terrell, Texas

2023
Kelly A. Barclay President and Chief Executive Officer

Ozona Bank

Wimberley, Texas

2024

Class B

(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

2022
Gerald B. Smith Chairman and Chief Executive Officer

Smith, Graham & Company Investment Advisors, L.P.

Houston, Texas

2023
Renard U. Johnson President and Chief Executive Officer

Management & Engineering Technologies International, Inc.

El Paso, Texas

2024

Class C

(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 Corporation

Dallas, Texas

2022
Claudia Aguirre
(Deputy Chair) 		President and Chief Executive Officer

BakerRipley

Houston, Texas

2023
Cindy Ramos-Davidson Chief Executive Officer

El Paso Hispanic Chamber of Commerce

El Paso, Texas

2024

History

File:US-$20-FRBN-1915-Fr.828.jpg
$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

Current Activity

File: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 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

File:Portal-puzzle.png United States portal
File:Portal-puzzle.png Politics portal
File:Portal-puzzle.png Banks portal

References

  1. ↑ Tracy Alloway (June 20, 2016). "A Quick Trip to the Oil Patch Shows Energy-Related Losses Rising". Bloomberg Markets. https://www.bloomberg.com/news/articles/2016-06-20/a-quick-trip-to-the-oil-patch-shows-energy-related-losses-rising. 
  2. ↑ "Federal Reserve Board - Federal Reserve Bank of Dallas" (in en). https://www.federalreserve.gov/aboutthefed/federal-reserve-system-dallas.htm. 
  3. ↑ "History of the Dallas Fed". http://www.dallasfed.org/fed/dalhistory.cfm. 
  4. ↑ "Lorie K. Logan Named President and CEO of Dallas Fed" (in en). https://www.dallasfed.org:443/news/releases/2022/nr220511logan. 
  5. ↑ "Meredith N. Black, Federal Reserve Bank of Dallas" (in en). https://www.dallasfed.org:443/fed/bios/black. 

External links

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