Federal Reserve Bank of Richmond

Federal Reserve Bank of Richmond
; Federal Reserve Seal	; Headquarters
Headquarters	701 E Byrd St ; Richmond, Virginia, USA
Established	May 18, 1914 (107 years ago)
President	Thomas I. Barkin
Central bank of	show Fifth District
Website	www.RichmondFed.org
	The Federal Reserve Bank of Richmond is one of 12 regional banks that make up the Federal Reserve System

The Federal Reserve Bank of Richmond is the headquarters of the Fifth District of the Federal Reserve located in Richmond, Virginia. It covers the District of Columbia, Maryland, North Carolina, South Carolina, Virginia, and most of West Virginia excluding the Northern Panhandle. Branch offices are located in Baltimore, Maryland and Charlotte, North Carolina. Thomas I. Barkin became president of the Richmond Fed following the retirement of Jeffrey M. Lacker in April 2017.^[1] The previous president, J. Alfred Broaddus, retired in 2004.^[2]

Building[]

Fifth District of the Federal Reserve

The Federal Reserve Bank of Richmond is located in Downtown Richmond, Virginia. It has an aluminum facade and was designed by Minoru Yamasaki, who also designed the former World Trade Center.^[3] Despite being one of the tallest buildings in the state, 49% of the building's total floor area is located underground.^[3] The building was proposed in 1972, and built from 1975-1978.^[3]

Economy[]

The Federal Reserve Bank of Richmond is the fourth-largest Federal Reserve Bank by assets held, after New York, San Francisco, and Atlanta, as of December 2018.^[4]

Federal Reserve Note Seal (Richmond)

Former presidents of the Richmond Fed (Left to Right: J. Alfred Broaddus Jr.; Robert P. Black; Jeffrey M. Lacker)

Branches[]

Federal Reserve Bank of Richmond Baltimore Branch Office
Federal Reserve Bank of Richmond Charlotte Branch Office

Board of Directors[]

The following people serve on the board of directors as of 2021:^[5]

Class A[]


Name	Title	Term expires on December 31
	President and Chief Executive Officer Mechanics and Farmers Bank Durham, North Carolina	2021
	Chief Executive Officer Franklin, West Virginia	2022
	Chief Financial Officer Ally Bank Charlotte, North Carolina	2023

Class B[]


Name	Title	Term expires on December 31
	President and Chief Executive Officer Goodwill of Greater Washington/Goodwill Excel Center Washington, D.C.	2021
Wayne A. I. Frederick	President Howard University Washington, D.C.	2022
	President and Chief Executive Officer Dominion Energy Richmond, Virginia	2023

Class C[]


Name	Title	Term expires on December 31
(Chair)	President and Chief Executive Officer Atrium Health Charlotte, North Carolina	2021
(Deputy Chair)	Chief Executive Officer Washington, D.C.	2022
Vacancy		2023

References[]

^ "Federal Reserve Bank of Richmond Presidential Search". www.richmondfed.org. Archived from the original on 25 April 2017. Retrieved 24 April 2017.
^ "Federal Reserve Bank of Richmond". www.richmondfed.org. Retrieved 12 January 2017.
^ Jump up to: ^a ^b ^c "Federal Reserve Bank Building". Emporis.
^ [1]
^ "Federal Reserve Board - Federal Reserve Bank of Richmond". The Federal Reserve. 8 March 2021.

External links[]

Richmond Fed's home page
Historical resources by and about the Federal Reserve Bank of Richmond including annual reports back to 1915

Coordinates: 37°32′08″N 77°26′26″W / 37.535639°N 77.440645°W / 37.535639; -77.440645

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[1] "Federal Reserve Bank of Richmond Presidential Search". www.richmondfed.org. Archived from the original on 25 April 2017. Retrieved 24 April 2017.

[2] "Federal Reserve Bank of Richmond". www.richmondfed.org. Retrieved 12 January 2017.

[emporis-3] Jump up to: ^a ^b ^c "Federal Reserve Bank Building". Emporis.

[4] [1]

[board-5] "Federal Reserve Board - Federal Reserve Bank of Richmond". The Federal Reserve. 8 March 2021.

[1]

[2]

[3]

[4]

[5]

show v t Federal Reserve Banks
The Federal Reserve Banks of Boston and Philadelphia have no branches.
New York branches	Buffalo (closed) East Rutherford Operations Center
Cleveland branches	Cincinnati Pittsburgh
Richmond branches	Baltimore Charlotte
Atlanta branches	Birmingham Jacksonville Miami Nashville New Orleans
Chicago branches	Detroit
St. Louis branches	Little Rock Louisville Memphis
Minneapolis branches	Helena
Kansas City branches	Denver Oklahoma City Omaha
Dallas branches	El Paso Houston San Antonio
San Francisco branches	Los Angeles Portland Salt Lake City Seattle

show v t Minoru Yamasaki
Skyscrapers	One Woodward Avenue (1963) IBM Building (1963) The Century Plaza Hotel (1966) M&T Bank Center, Buffalo (1967) World Trade Center Tower 1, Tower 2, Buildings 4, 5 and 6 (1970–1971) Montgomery Ward Corporate Headquarters Tower (1972) Century Plaza Towers (1975) Bank of Oklahoma (1977) Rainier Bank Tower (1977) Federal Reserve Bank of Richmond (1978) 100 Washington Square (1981) Torre Picasso (1988) Columbia Center (1989–2000)
Airports	St. Louis Lambert International Airport main terminal (1956) Dhahran International Airport terminal (1961) Eastern Airlines terminal at Logan Airport (1969) King Fahd International Airport master plan (1977)
Houses of worship	North Shore Congregation Israel (1964) Temple Beth El (1974) Shinji Shumeikai Founder's Hall (1982)
Other buildings	Federal Reserve Bank of Chicago Detroit Branch Building annex (1951) Pruitt–Igoe housing project (1954) Grosse Pointe University School (1954) Military Personnel Records Center (1955) McGregor Memorial Conference Center (1957) Prentis Building and DeRoy Auditorium Complex (1959) Pacific Science Center (1962) Irwin Library at Butler University (1963) Oberlin Conservatory of Music (1963) Northwestern National Life Building (1965) Robertson Hall at Princeton University (1965) Quo Vadis Entertainment Center (1966) Dr. John Archer Library (1967) Japan Center (1968) Tulsa Performing Arts Center (1976) Istanbul Cevahir (1987)
Landscape architecture	Wascana Centre and University of Regina - Regina Campus (1961–1967)
List of works by Minoru Yamasaki