Federal Reserve Bank of Dallas

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The Federal Reserve Bank of Dallas (informally referred to as the Dallas Fed) is one of 12 regional Federal Reserve Banks that, along with the Federal Reserve Board of Governors in Washington, D.C., make up the Federal Reserve System, the central bank of the United States. The Dallas Fed covers the Eleventh Federal Reserve District, which includes Texas, northern Louisiana and southern New Mexico, a region sometimes referred to as the Oil Patch.[1]

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. The older Dallas Fed building, which opened in 1921, was designed in the Beaux-Arts style. It is a 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.

The Dallas Fed has branch offices in El Paso, Houston, and San Antonio. It is the only federal reserve bank with every branch located in the same state.

Board of directors

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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 2024Script error: No such module "Check for unknown parameters".:[2]

Members of board of directors
Director Title Director
ClassTemplate:Efn 		Term
ExpiresTemplate:Efn
Script error: No such module "Sort". President and Chief Executive Officer, Ozona Bank

Wimberley, Texas

A 2024
Script error: No such module "Sort". President, Texas National Bank

Edinburg, Texas

A 2025
Script error: No such module "Sort". President and Chief Executive Officer, American National Bank of Texas

Terrell, Texas

A 2026
Script error: No such module "Sort". President, James Hill Consulting, and Director, Neeley Center for Real Estate, Texas Christian University

Fort Worth, Texas

B 2024
Script error: No such module "Sort". President and Chief Executive Officer, Oil States International

Houston, Texas

B 2025
Script error: No such module "Sort". Senior Executive Vice President and Chief Financial Officer, AT&T

Dallas, Texas

B 2026
Script error: No such module "Sort". Executive Chairman, Southwest Airlines

Dallas, Texas

C 2024
Script error: No such module "Sort". Retired Chairman and Chief Executive Officer, Kimberly-Clark

Dallas, Texas

C 2025
Script error: No such module "Sort". President and Chief Executive Officer, BakerRipley

Houston, Texas

C 2026
Notes:
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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

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The Dallas Fed is the nation's central processor for Treasury coupons and manages the national Electronic Transfer Account program, processing checks for federal benefit recipients. The Dallas Fed has also focused on research dealing with maquiladoras and other U.S.–Mexico border economic activities.

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

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References

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External links

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