Federal Reserve Bank of Atlanta
The Federal Reserve Bank of Atlanta, (informally the Atlanta Fed), is one of the 12 Federal Reserve Banks of the United States. Located in Atlanta, Georgia, it is responsible for the sixth district of the Federal Reserve System, 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. 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.
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 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.
Board of Directors
|Gerard R. Host||President and Chief Executive Officer
|T. Anthony Humphries||President and Chief Executive Officer
NobleBank and Trust
|William H. Rogers, Jr.||Chairman and Chief Executive Officer
SunTrust Banks, Inc.
|Elizabeth A. Smith||Chairman and CEO
Bloomin' Brands, Inc.
|Jonathan T.M. Reckford||CEO
Habitat for Humanity International
|José S. Suquet||Chairman, President, and Chief Executive Officer
Pan-American Life Insurance Group
New Orleans, Louisiana
|Thomas A. Fanning
|Chairman, President, and Chief Executive Officer
|Myron A. Gray||President, U.S. Operations
United Parcel Service
|Michael J. Jackson
|Chairman and CEO
Fort Lauderdale, Florida
All terms expire on December 31.
Former board members
- Clarence Otis, Jr., Chairman and Chief Executive Officer, Darden Restaurants, Inc., Orlando, Florida; Class B; -2015.
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. Facing his mandatory retirement, FRBA announced Lockhart would be stepping down in February, 2017. The firm Spencer Stuart had been named to help with the search for a replacement in September, 2016. First Vice President Marie Gooding would hold the job on an interim basis if a permanent successor was not found before Lockhart's February 28 departure date.
- Federal Reserve Act
- Federal Reserve System
- Federal Reserve Bank
- Federal Reserve Districts
- Federal Reserve Branches
- 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 New Orleans Branch Office
- Federal Reserve Bank of Atlanta Nashville Branch Office
- Structure of the Federal Reserve System
- "Federal Reserve Bank Presidents: Dennis P. Lockhart". Board of Governors of the Federal Reserve System. January 28, 2009. Retrieved 2009-02-19.
- "Branches". Federal Reserve Bank of Atlanta. Archived from the original on January 22, 2009. Retrieved 2009-02-19.
- "Federal Reserve Bank of Atlanta Directors", FRB Atlanta webpage. Retrieved 2016-09-13.
- "Directors of Federal Reserve Banks and Branches". The Federal Reserve. September 13, 2016.
- Derby, Michael S., "Atlanta Fed’s Dennis Lockhart, a Bellwether Voice at the Central Bank, to Step Down", Wall Street Journal, September 13, 2016. Retrieved 2013-09-13.
- Federal Reserve Bank of Atlanta
- Federal Reserve Bank Presidents
- Historical resources by and about the Federal Reserve Bank of Atlanta including annual reports back to 1915
|This Atlanta, Georgia–related article is a stub. You can help Wikipedia by expanding it.|
|This United States bank-related article is a stub. You can help Wikipedia by expanding it.|
|This United States government–related article is a stub. You can help Wikipedia by expanding it.|