Federal Reserve Bank of Dallas

Federal Reserve Bank of Dallas building

The Federal Reserve Bank of Dallas covers the Eleventh Federal Reserve District, which includes Texas, northern Louisiana and southern New Mexico. 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. 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 Uptown area 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.

Current Board of Directors

The following people serve on the board of directors as of 2011: All terms expire December 31.

Class A

Class A

Name	Title	Term Expires
George F. Jones, Jr.	Chief Executive Officer Texas Capital Bank Dallas, Texas	2011
Pete Cook	Chief Executive Officer First National Bank in Alamogordo Alamogordo, New Mexico	2012
Joe Kim King	Chief Executive Officer and Chairman of the Board Texas Country Bancshares, Inc. Brady, Texas	2013

Class B

Class B

Name	Title	Term Expires
James B. Bexley	Professor, Finance Sam Houston State University Huntsville, Texas	2011
Margaret H. Jordan	President & Chief Executive Officer Dallas Medical Resource Dallas, Texas	2012
Elton M. Hyder	President The EMH Corporation Fort Worth, Texas	2010

Class C

Class C

Name	Title	Term Expires
Renu Khator	Chancellor/President University of Houston Houston, Texas	2011
Myron E. Ullman III (Deputy Chair)	Chief Executive Officer & Chairman of the Board J.C. Penney Company, Inc. Plano, Texas	2012
Herb Kelleher (Chair)	Founder and Chairman Emeritus Southwest Airlines Dallas, Texas	2013

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, as of 2005, is Richard W. Fisher, the former vice chairman of Kissinger and Associates. His predecessor, who served from 1991–2005, was Robert D. McTeer.

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

External links

• Dallas Fed home page
• Map of the District