Federal Reserve Bank of Richmond

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Federal Reserve Bank of Richmond
Fifth District of the Federal Reserve

The Federal Reserve Bank of Richmond is the headquarters of the Fifth District of the Federal Reserve located in Richmond, Virginia. It covers the District of Columbia, Maryland, North Carolina, South Carolina, Virginia, and most of West Virginia excluding the Northern Panhandle. Branch offices are located in Baltimore, Maryland and Charlotte, North Carolina. Thomas Barkin became president of the Richmond Fed following the retirement of Jeffrey M. Lacker in April 2017. [1] The previous president, J. Alfred Broaddus, retired in 2004.[2]

Building[edit]

The Federal Reserve Bank of Richmond is located in Downtown Richmond, Virginia. It has an aluminum facade and was designed by Minoru Yamasaki, who also designed the former World Trade Center.[3] Despite being one of the tallest buildings in the state, 49% of the building's total floor area is located underground.[3] The building was proposed in 1972, and built from 1975-1978.[3]

Economy[edit]

The Federal Reserve Bank of Richmond is the fourth-largest Federal Reserve Bank by assets held, after New York, San Francisco, and Atlanta, as of December 2018.[4]

Federal Reserve Note Seal (Richmond)
Former presidents of the Richmond Fed (Left to Right: J. Alfred Broaddus Jr.; Robert P. Black; Jeffrey M. Lacker)

Branches[edit]

Board of Directors[edit]

The following people serve on the board of directors as of 2018:[5]

Class A[edit]

Class A
Name Title Term Expires
Susan K. Still President and Chief Executive Officer
HomeTown Bankshares Corporation and HomeTown Bank
Roanoke, Virginia
2018
William A. Loving Jr Chief Executive Officer
Pendleton Community Bank
Franklin, West Virginia
2019
Robert R. Hill, Jr. Chief Executive Officer
South State Corporation and South State Bank
Columbia, South Carolina
2020

Class B[edit]

Class B
Name Title Term Expires
Catherine A. Meloy President and Chief Executive Officer
Goodwill of Greater Washington/Goodwill Excel Center
Washington, D.C.
2018
Ángel Cabrera President
George Mason University
Fairfax, Virginia
2019
Thomas C. Nelson Chairman, President, and Chief Executive Officer
National Gypsum Company
Charlotte, North Carolina
2020

Class C[edit]

Name Title Term Expires
Vacant N/A 2018
Margaret G. Lewis

(Chair)

Retired President
HCA Capital Division
Richmond, Virginia
2019
Kathy J. Warden

(Deputy Chair)

President and COO
Northrop Grumman Corporation
Falls Church, Virginia
2020

See also[edit]

References[edit]

  1. ^ "Federal Reserve Bank of Richmond Presidential Search". www.richmondfed.org. Retrieved 24 April 2017.
  2. ^ "Federal Reserve Bank of Richmond". www.richmondfed.org. Retrieved 12 January 2017.
  3. ^ a b c "Federal Reserve Bank Building". Emporis.
  4. ^ [1]
  5. ^ "Directors of Federal Reserve Banks and Branches". The Federal Reserve. December 13, 2018.

External links[edit]

Coordinates: 37°32′08″N 77°26′26″W / 37.535639°N 77.440645°W / 37.535639; -77.440645