The Federal Reserve Bank of Dallas (informally referred to as the Dallas Fed) is one of 12 regional

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 A ...

s that, along with 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 mo ...

in Washington, D.C., make up the

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. It was created on December 23, 1913, with the enactment of the Federal Reserve Act, after a series of ...

, the

central bank A central bank, reserve bank, national bank, or monetary authority is an institution that manages the monetary policy of a country or monetary union. In contrast to a commercial bank, a central bank possesses a monopoly on increasing the mo ...

of the

United States The United States of America (USA), also known as the United States (U.S.) or America, is a country primarily located in North America. It is a federal republic of 50 U.S. state, states and a federal capital district, Washington, D.C. The 48 ...

. The Dallas Fed covers the Eleventh Federal Reserve District, which includes

Texas Texas ( , ; or ) is the most populous U.S. state, state in the South Central United States, South Central region of the United States. It borders Louisiana to the east, Arkansas to the northeast, Oklahoma to the north, New Mexico to the we ...

, northern

Louisiana Louisiana ( ; ; ) is a state in the Deep South and South Central regions of the United States. It borders Texas to the west, Arkansas to the north, and Mississippi to the east. Of the 50 U.S. states, it ranks 31st in area and 25 ...

and southern

New Mexico New Mexico is a state in the Southwestern United States, Southwestern region of the United States. It is one of the Mountain States of the southern Rocky Mountains, sharing the Four Corners region with Utah, Colorado, and Arizona. It also ...

, a region sometimes referred to as the Oil Patch. The

Dallas Dallas () is a city in the U.S. state of Texas and the most populous city in the Dallas–Fort Worth metroplex, the List of Texas metropolitan areas, most populous metropolitan area in Texas and the Metropolitan statistical area, fourth-most ...

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. 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 Kohn Pedersen Fox Associates (KPF) is an American architectural firm based in New York City that provides architecture, interior, programming and master planning services. They engineer different projects including civic and cultural spaces, co ...

, 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 El Paso (; ; or ) is a city in and the county seat of El Paso County, Texas, United States. The 2020 United States census, 2020 population of the city from the United States Census Bureau, U.S. Census Bureau was 678,815, making it the List of ...

Houston Houston ( ) is the List of cities in Texas by population, most populous city in the U.S. state of Texas and in the Southern United States. Located in Southeast Texas near Galveston Bay and the Gulf of Mexico, it is the county seat, seat of ...

, and

San Antonio San Antonio ( ; Spanish for " Saint Anthony") is a city in the U.S. state of Texas and the most populous city in Greater San Antonio. San Antonio is the third-largest metropolitan area in Texas and the 24th-largest metropolitan area in the ...

. It is the only federal reserve bank with every branch located in the same state.

Board of directors

The following people serve on the Board of Directors :

History

Dallas was selected in 1914 to be the headquarters of the Eleventh District, in a somewhat surprising move. Originally,

New Orleans New Orleans (commonly known as NOLA or The Big Easy among other nicknames) is a Consolidated city-county, consolidated city-parish located along the Mississippi River in the U.S. state of Louisiana. With a population of 383,997 at the 2020 ...

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, processing checks for federal benefit recipients. The Dallas Fed has also focused on research dealing with

maquiladora A (), or (), is a factory that is largely duty (economics), duty free and tariff free. These factories take raw materials and assemble, manufacture, or process them and export the finished product. These factories and systems are present thro ...

s and other U.S.–Mexico border economic activities. The current president is Lorie K. Logan, who assumed office in August 2022. Logan succeeded Robert Steven Kaplan, who resigned in October 2021.

References

External links

*
Map of the Eleventh District
{{DEFAULTSORT:Federal Reserve Bank Of Dallas

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