Federal Reserve Bank of Atlanta
From Wikipedia, the free encyclopedia
The Federal Reserve Bank of Atlanta is responsible for the sixth district which covers the states of Alabama, Florida, and Georgia; 74 counties in the eastern two-thirds of Tennessee; 38 parishes of southern Louisiana; and 43 counties of southern Mississippi.[1] The Sixth District operates branches in Atlanta, Birmingham, Jacksonville, Miami, Nashville, and New Orleans. These branches provide cash to banks, savings and loans, and other depository institutions; transfer money electronically; and clear millions of checks.[2]
The bank is currently located at 1000 Peachtree Street, NE. Prior to 2001, the bank was located at 104 Marietta Street NW, in Downtown Atlanta, which is now the home of the State Bar of Georgia.
The current president, Dennis P. Lockhart took office March 1, 2007, as the 14th president and chief executive officer of the Sixth District Federal Reserve Bank, at Atlanta.[1]
The Atlanta Fed has three main functions: monetary policy, operation of nationwide payment system, and bank supervision and regulation. Dennis Lockhart is the president of the 6th Atlanta district. It is his job to decide the interest rates, and he meets with other Bank presidents and Board members. The Bank’s board of Directors makes recommendations on the levels of discount rates.
Contents |
[edit] Atlanta Board of Directors
The following people are on the Atlanta Board of Directors as of 2009:[3]
[edit] Class A
| Name | Title | Term Expires |
|---|---|---|
| Rudy E. Schupp | President and Chief Executive Officer
1st United Bank West Palm Beach, Florida |
2009 |
| James H. McKillop III | President and Chief Executive Officer
Independent Bankers' Bank of Florida Lake Mary, Florida |
2010 |
| James M. Wells III | Chairman and Chief Executive Officer
SunTrust Banks, Inc. Atlanta, Georgia |
2011 |
[edit] Class B
| Name | Title | Term Expires |
|---|---|---|
| Teri G. Fontenot | President and Chief Executive Officer
Ken Sparks Associates LLC White Stone, Virginia |
2009 |
| Renée Lewis Glover | Chairman, President and Chief Executive Officer
Rayonier Jacksonville, Florida |
2010 |
| Renée Lewis Glover | President and Chief Executive Officer
Atlanta Housing Authority Atlanta, Georgia |
2011 |
[edit] Class C
| Name | Title | Term Expires |
|---|---|---|
| D. Scott Davis
(Chair) |
Chairman and Chief Executive Officer
United Parcel Service Atlanta, Georgia |
2009 |
| Carol B. Tomé
(Deputy Chair) |
Chief Financial Officer and Executive Vice President
The Home Depot Atlanta, Georgia |
2010 |
| Thomas I. Barkin | Director
McKinsey & Company Atlanta, Georgia |
2011 |
All terms expire on December 31.[3]
[edit] See also
- Federal Reserve Bank of Atlanta Birmingham Branch Office
- Federal Reserve Bank of Atlanta Jacksonville Branch Office
- Federal Reserve Bank of Atlanta Miami Branch Office
- Federal Reserve Bank of Atlanta Nashville Branch Office
- Federal Reserve Bank of Atlanta New Orleans Branch Office
[edit] References
- ^ a b "Federal Reserve Bank Presidents:Dennis P. Lockhart". Board of Governors of the Federal Reserve System. January 28, 2009. http://www.federalreserve.gov/aboutthefed/bios/banks/pres06.htm. Retrieved 2009-02-19.
- ^ "Branches". Federal Reserve Bank of Atlanta. http://www.frbatlanta.org/atlantafed/branches/branches.cfm. Retrieved 2009-02-19.
- ^ a b "Directors of Federal Reserve Banks and Branches". The Federal Reserve. The Federal Reserve Board. February 5, 2009. http://www.federalreserve.gov/GeneralInfo/ListDirectors/default.cfm?WhichDistrict=13. Retrieved 2009-02-19.
[edit] External links
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