The Federal Reserve Bank of Dallas covers the Eleventh Federal Reserve District, which includes Texas, northern Louisiana and southern New Mexico, a district sometimes referred to as the
Current Board of Directors
The following people serve on the Board of Directors as of 2014:
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 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 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 president is Robert Steven Kaplan, who replaced Richard W. Fisher in September 2015.
See also
- Federal Reserve Act
- Federal Reserve System
- Federal Reserve Bank
- 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 page
- Map of the District
