Federal Reserve Bank of Dallas

Federal Reserve Bank of Dallas
	Federal Reserve Seal
	Headquarters
Headquarters	2200 N. Pearl St. ; Dallas, Texas, USA
Established	May 18, 1914 (110 years ago)
President	Lorie K. Logan
Central bank of	Eleventh District Texas; Parts of: ; Louisiana ; New Mexico ;
Preceded by	Robert Steven Kaplan
Website	www.DallasFed.org
	The Federal Reserve Bank of Dallas is one of 12 regional banks that make up the Federal Reserve System

The Federal Reserve Bank of Dallas covers the Eleventh Federal Reserve District of the United States, which includes Texas, northern Louisiana and southern New Mexico, a district sometimes referred to as the Oil Patch.^[1] 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 U.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 the Uptown neighborhood 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.

Board of directors

The following people serve on the Board of Directors as of 2022^[update]:^[2]

Class A

(Elected by member banks to represent member banks)

Class A
Name	Title	Term Expires (Dec. 31)
Joe Quiroga	President Texas National Bank Edinburg, Texas	2022
Robert A. Hulsey	President and Chief Executive Officer American National Bank of Texas Terrell, Texas	2023
Kelly A. Barclay	President and Chief Executive Officer Ozona Bank Wimberley, Texas	2024

Class B

(Elected by member banks to represent the public)

Class B
Name	Title	Term Expires (Dec. 31)
Cynthia Taylor	President and Chief Executive Officer Oil States International Inc. Houston, Texas	2022
Gerald B. Smith	Chairman and Chief Executive Officer Smith, Graham & Company Investment Advisors, L.P. Houston, Texas	2023
Renard U. Johnson	President and Chief Executive Officer Management & Engineering Technologies International, Inc. El Paso, Texas	2024

Class C

(Appointed by the Federal Reserve Board of Governors to represent the public)

Class C
Name	Title	Term Expires (Dec. 31)
Thomas J. Falk (Chair)	Retired Chairman and Chief Executive Officer Kimberly-Clark Corporation Dallas, Texas	2022
Claudia Aguirre (Deputy Chair)	President and Chief Executive Officer BakerRipley Houston, Texas	2023
Cindy Ramos-Davidson	Chief Executive Officer El Paso Hispanic Chamber of Commerce El Paso, Texas	2024

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.^[3]

Branches

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 current president is Lorie K. Logan, who assumed office in August 2022.^[4] Logan succeeded Robert Steven Kaplan, who resigned in October 2021.^[5]