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 language, Spanish: ''Texas'', ''Tejas'') is a state in the South Central United States, South Central region of the United States. At 268,596 square miles (695,662 km2), and with more than 29.1 million residents in 2 ...

, 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, Ker ...

, 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 ba ...

. 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 in ...

, 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= U.S. state, State , subdivision_name1 = Texas , s ...

. 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, 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 tradit ...

and the

Dallas Arts District The Arts District is a performing and visual arts district in downtown Dallas, Texas. It is located south of State Thomas; southeast of Uptown; north of the City Center District; west of Bryan Place; and east of the West End Historic Distric ...

. 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, 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 tradit ...

. 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

FRS DALLAS cent grp 121613 0573 02832 (14079998541)

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 mon ...

to represent the public)

History

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

New Orleans New Orleans ( , ,New Orleans
Merriam-Webster. ; french: La Nouvelle-Orléans , es, Nuev ...

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 The Reserve Bank of Dallas El Paso Branch is one of three branches of the Federal Reserve Bank of Dallas. The branch is located in downtown El Paso, Texas at 301 E. Main St. Current Board of Directors The following people are on the board of direct ...

Federal Reserve Bank of Dallas Houston Branch The Reserve Bank of Dallas Houston Branch is one of three branches of the Federal Reserve Bank of Dallas. The branch is located on Allen Parkway in the Fourth Ward of Houston, Texas. The building, which includes the second largest currency vau ...

Federal Reserve Bank of Dallas San Antonio Branch The Federal Reserve Bank of Dallas San Antonio Branch is one of three branches of the Federal Reserve Bank of Dallas. The branch is located at 402 Dwyer, San Antonio, Texas. Current Board of Directors The following people are on the board of direct ...

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

maquiladora A (), or (), is a word that refers to factories that are largely 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 t ...

s 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 Robert Steven Kaplan (born 1957) was most recently the president and CEO of the Federal Reserve Bank of Dallas and is a former long-time Goldman Sachs executive. Prior to joining the Dallas Fed, Kaplan was a faculty member and senior associate ...

, who resigned in October 2021.

References

External links

Dallas Fed home pageMap of the 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