Federal Reserve Bank of Dallas

The Federal Reserve Bank of Dallas is one of 12 regional Federal Reserve Banks that, along with the Federal Reserve Board of Governors in Washington, D.C., make up the Federal Reserve System, the central bank of the United States. The Dallas Fed covers the Eleventh Federal Reserve District, which includes Texas, northern Louisiana and southern New Mexico, a region sometimes referred to as the Oil Patch.

Board of directors

(1991–2004, left) and Richard W. Fisher (2005–2015, right) The following people serve on the Board of Directors : == History ==

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 ==

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 ==

Current activity

The Dallas Fed is the nation's central processor for Treasury coupons and manages the national Electronic Transfer Account program, processing checks for federal benefit recipients. The Dallas Fed has also focused on research dealing with maquiladoras and other U.S.–Mexico border economic activities. The current president is Lorie K. Logan, who assumed office in August 2022. Logan succeeded Robert Steven Kaplan, who resigned in October 2021. == See also ==

Source: Wikipedia ↗

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