| Federal Reserve Bank of Dallas | |
| Image Title 1: | Federal Reserve Seal |
| Image Title 2: | Headquarters |
| Headquarters: | 2200 N. Pearl St. Dallas, Texas, USA |
| Executive Title: | President |
| Executive: | Lorie K. Logan |
| Website: | www.DallasFed.org |
| Predecessor: | Robert Steven Kaplan |
| Footnotes: | The Federal Reserve Bank of Dallas is one of 12 regional banks that make up the Federal Reserve System |
The Federal Reserve Bank of Dallas covers the Eleventh Federal Reserve District of the United States, which includes Texas, northern Louisiana and southern New Mexico, a district sometimes referred to as the Oil Patch.[1] 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 U.S. central bank. 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, Houston, and San Antonio.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 Dallas. 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, 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 following people serve on the Board of Directors :[2]
(Elected by member banks to represent member banks)
| Joe Quiroga | PresidentTexas National Bank Edinburg, Texas | 2022 | |
|---|---|---|---|
| Robert A. Hulsey | President and Chief Executive OfficerAmerican National Bank of Texas Terrell, Texas | 2023 | |
| Kelly A. Barclay | President and Chief Executive OfficerOzona Bank Wimberley, Texas | 2024 |
(Elected by member banks to represent the public)
| Cynthia Taylor | President and Chief Executive OfficerOil States International Inc. Houston, Texas | 2022 | |
|---|---|---|---|
| Gerald B. Smith | Chairman and Chief Executive OfficerSmith, Graham & Company Investment Advisors, L.P. Houston, Texas | 2023 | |
| Renard U. Johnson | President and Chief Executive OfficerManagement & Engineering Technologies International, Inc. El Paso, Texas | 2024 |
(Appointed by the Federal Reserve Board of Governors to represent the public)
| Thomas J. Falk(Chair) | Retired Chairman and Chief Executive OfficerKimberly-Clark Corporation Dallas, Texas | 2022 |
|---|---|---|
| Claudia Aguirre (Deputy Chair) | President and Chief Executive OfficerBakerRipley Houston, Texas | 2023 |
| Cindy Ramos-Davidson | Chief Executive OfficerEl Paso Hispanic Chamber of Commerce El Paso, Texas | 2024 |
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]
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.[4] Logan succeeded Robert Steven Kaplan, who resigned in October 2021.[5]