Federal Reserve Bank of Atlanta

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Federal Reserve Bank in Midtown Atlanta

The Federal Reserve Bank of Atlanta is responsible for the sixth district[clarification needed], which covers the U.S. 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]

Federal Reserve System Sixth District

The bank is currently located at 1000 Peachtree Street NE in Midtown Atlanta. Prior to 2001, the bank was located in downtown Atlanta at 104 Marietta Street NW, 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. Its job is to decide the interest rates, and the president meets with other bank presidents and board members. The Bank’s board of directors makes recommendations on the levels of discount rates.

The old Federal Reserve Bank of Atlanta building, now the State Bar of Georgia. Located at 104 Marietta Street NW

Board of Directors[edit]

The following people are on the board of directors as of 2013:[3]

Class A[edit]

Class A
Name Title Term Expires
Gerard R. Host President and Chief Executive Officer
Trustmark Corporation
Jackson, Mississippi
2015
T. Anthony Humphries President and Chief Executive Officer
NobleBank and Trust
Anniston, Alabama
2016
William H. Rogers, Jr. Chairman and Chief Executive Officer
SunTrust Banks, Inc.
Atlanta, Georgia
2017

Class B[edit]

Class B
Name Title Term Expires
Clarence Otis, Jr. Chairman and Chief Executive Officer
Darden Restaurants, Inc.
Orlando, Florida
2015
Jonathan T.M. Reckford CEO
Habitat for Humanity International
Atlanta, Georgia
2017
José S. Suquet Chairman, President, and Chief Executive Officer
Pan-American Life Insurance Group
New Orleans, Louisiana
2016

Class C[edit]

Class C
Name Title Term Expires
Thomas A. Fanning
(Chair)
Chairman, President, and Chief Executive Officer
Southern Company
Atlanta, Georgia
2015
Myron A. Gray President, U.S. Operations
USPS
Atlanta, Georgia
2017
Michael J. Jackson
(Deputy Chair)
Chairman and CEO
AutoNation, Inc.
Fort Lauderdale, Florida
2016

All terms expire on December 31.[4]

See also[edit]

References[edit]

  1. ^ a b "Federal Reserve Bank Presidents:Dennis P. Lockhart". Board of Governors of the Federal Reserve System. January 28, 2009. Retrieved 2009-02-19. 
  2. ^ "Branches". Federal Reserve Bank of Atlanta. Archived from the original on January 22, 2009. Retrieved 2009-02-19. 
  3. ^ "Directors of Federal Reserve Banks and Branches". The Federal Reserve. Dec 6, 2013. 
  4. ^ "Directors of Federal Reserve Banks and Branches". The Federal Reserve. The Federal Reserve Board. July 14, 2010. Retrieved 2010-07-22. 

External links[edit]

Coordinates: 33°46′57″N 84°23′7″W / 33.78250°N 84.38528°W / 33.78250; -84.38528 (Federal Reserve Bank of Atlanta)