Federal Reserve Bank of Dallas

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Federal Reserve Bank of Dallas
Seal of the United States Federal Reserve System.svg
Federal Reserve Seal		Federal Reserve Bank of Dallas 1.jpg
Headquarters
Headquarters2200 N. Pearl St.
Dallas, Texas, USA
EstablishedMay 18, 1914 (107 years ago) (1914-05-18)
PresidentRobert Steven Kaplan
Central bank of
Eleventh District
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, 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.

Board of Directors[]

Map of the Eleventh District
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 2014:[2]

Class A[]

Elected by member banks to represent member banks

Class A
Name Title Term Expires
J. Russell Shannon Chief Executive Officer and Chairman of the Board
National Bank of Andrews
Andrews, Texas 		2017
George F. Jones Jr. Retired Chief Executive Officer
Texas Capital Bank
Dallas, Texas 		2016
Jimmy Rasmussen President and Chief Executive Officer
HomeTown Bank, N.A.
Galveston, Texas 		2015

Class B[]

Elected by member banks to represent the public

Class B
Name Title Term Expires
Curt Anastasio Retired President and CEO
NuStar Energy L.P.
San Antonio, Texas 		2017
Jorge A. Bermudez President and Chief Executive Officer
Byebrook Group
College Station, Texas 		2015
Ann B. Stern President and Chief Executive Officer
Houston Endowment Inc.
Houston, Texas 		2016

Class C[]

Appointed by the Federal Reserve Board of Governors to represent the public

Class C
Name Title Term Expires
Matthew K. Rose Executive Chairman
BNSF Railway Company
Fort Worth, Texas 		2017
Renu Khator
(Deputy Chair) 		Chancellor, University of Houston System
President, University of Houston
Houston, Texas 		2014
Myron E. Ullman
(Chair) 		Chief Executive Officer
J.C. Penney Company, Inc.
Plano, Texas 		2016

History[]

$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[]

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 is Robert Steven Kaplan, who replaced Richard W. Fisher in September 2015.

See also[]

References[]

  1. ^ Tracy Alloway (June 20, 2016). "A Quick Trip to the Oil Patch Shows Energy-Related Losses Rising". Bloomberg Markets.
  2. ^ Board of Directors-Dallas Fed https://web.archive.org/web/20140625052708/http://www.dallasfed.org/fed/bod/index.cfm. Archived from the original on 2014-06-25. Missing or empty |title= (help)
  3. ^ "History of the Dallas Fed". Archived from the original on 2014-06-25.

External links[]

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

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