The Federal Reserve Bank of Dallas covers the Eleventh
Federal Reserve
The Federal Reserve System (often shortened to the Federal Reserve, or simply the Fed) is the central banking system of the United States of America. It was created on December 23, 1913, with the enactment of the Federal Reserve Act, after a ...
District, which includes
Texas
Texas (, ; Spanish: ''Texas'', ''Tejas'') is a state in the South Central region of the United States. At 268,596 square miles (695,662 km2), and with more than 29.1 million residents in 2020, it is the second-largest U.S. state by ...
, northern
Louisiana
Louisiana , group=pronunciation (French: ''La Louisiane'') is a state in the Deep South and South Central regions of the United States. It is the 20th-smallest by area and the 25th most populous of the 50 U.S. states. Louisiana is borde ...
and southern
New Mexico
)
, population_demonym = New Mexican ( es, Neomexicano, Neomejicano, Nuevo Mexicano)
, seat = Santa Fe
, LargestCity = Albuquerque
, LargestMetro = Tiguex
, OfficialLang = None
, Languages = English, Spanish ( New Mexican), Navajo, Ke ...
, a district sometimes referred to as the Oil Patch.
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
A central bank, reserve bank, or monetary authority is an institution that manages the currency and monetary policy of a country or monetary union,
and oversees their commercial banking system. In contrast to a commercial bank, a central b ...
. 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
El Paso (; "the pass") is a city in and the seat of El Paso County in the western corner of the U.S. state of Texas. The 2020 population of the city from the U.S. Census Bureau was 678,815, making it the 23rd-largest city in the U.S., the s ...
,
Houston
Houston (; ) is the most populous city in Texas, the most populous city in the Southern United States, the fourth-most populous city in the United States, and the sixth-most populous city in North America, with a population of 2,304,580 i ...
, and
San Antonio
("Cradle of Freedom")
, image_map =
, mapsize = 220px
, map_caption = Interactive map of San Antonio
, subdivision_type = Country
, subdivision_name = United States
, subdivision_type1= State
, subdivision_name1 = Texas
, subdivision_t ...
.
The
Dallas
Dallas () is the List of municipalities in Texas, third largest city in Texas and the largest city in the Dallas–Fort Worth metroplex, the List of metropolitan statistical areas, fourth-largest metropolitan area in the United States at 7.5 ...
bank is located at 2200 Pearl St. in the
Uptown neighborhood of
Oak Lawn, just north of
downtown Dallas
Downtown Dallas is the central business district (CBD) of Dallas, Texas, United States, located in the geographic center of the city. It is the second-largest business district in the state of Texas. The area termed "Downtown" has traditionally ...
and the
Dallas Arts District.
Prior to 1992, the bank was located at 400 S. Akard Street, in the
Government District in
Downtown Dallas
Downtown Dallas is the central business district (CBD) of Dallas, Texas, United States, located in the geographic center of the city. It is the second-largest business district in the state of Texas. The area termed "Downtown" has traditionally ...
. 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
Kohn Pedersen Fox Associates (KPF) is an American architecture firm that provides architecture, interior, programming and master planning services for clients in both the public and private sectors. KPF is one of the largest architecture firms in ...
, 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
The following people serve on the Board of Directors :
Class A
(Elected by member banks to represent member banks)
Class B
(Elected by member banks to represent the public)
Class C
(Appointed by the
Federal Reserve Board of Governors
The Board of Governors of the Federal Reserve System, commonly known as the Federal Reserve Board, is the main governing body of the Federal Reserve System. It is charged with overseeing the Federal Reserve Banks and with helping implement the m ...
to represent the public)
History
Dallas was selected in 1914 to be the headquarters of the Eleventh District, in a somewhat surprising move. Originally,
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.
Branches
*
Federal Reserve Bank of Dallas El Paso Branch
*
Federal Reserve Bank of Dallas Houston Branch
*
Federal Reserve Bank of Dallas San Antonio Branch
Current Activity
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. Logan succeeded
Robert Steven Kaplan, who resigned in October 2021.
See also
*
Federal Reserve Act
The Federal Reserve Act was passed by the 63rd United States Congress and signed into law by President Woodrow Wilson on December 23, 1913. The law created the Federal Reserve System, the central banking system of the United States.
The Pani ...
*
Federal Reserve System
The Federal Reserve System (often shortened to the Federal Reserve, or simply the Fed) is the central banking system of the United States of America. It was created on December 23, 1913, with the enactment of the Federal Reserve Act, after a ...
*
Federal Reserve Bank
A Federal Reserve Bank is a regional bank of the Federal Reserve System, the central banking system of the United States. There are twelve in total, one for each of the twelve Federal Reserve Districts that were created by the Federal Reserve ...
*
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 Branch
References
External links
Dallas Fed home pageMap of the District
{{DEFAULTSORT:Federal Reserve Bank Of Dallas
Dallas
Dallas () is the List of municipalities in Texas, third largest city in Texas and the largest city in the Dallas–Fort Worth metroplex, the List of metropolitan statistical areas, fourth-largest metropolitan area in the United States at 7.5 ...
Federal Reserve Bank buildings
Buildings of the United States government in Texas
Kohn Pedersen Fox buildings
Economy of Dallas
Economy of the Southwestern United States