Federal Reserve Bank of Dallas
The Federal Reserve Bank of Dallas covers the Eleventh Federal Reserve District, which includes Texas, northern Louisiana and southern New Mexico, a district sometimes referred to as the Oil Patch.
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 nation's central bank. The Dallas Fed is the only one where all external branches reside in the same state.
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 2014:Class A
Elected by member banks to represent member banks| Name | Title | Term Expires |
| J. Russell Shannon | Chief Executive Officer and Chairman of the Board National Bank of Andrews Andrews, Texas | 2017 |
| George F. Jones Jr. | Retired Chief Executive Officer Texas Capital Bank Dallas, Texas | 2016 |
| Jimmy Rasmussen | President and Chief Executive Officer HomeTown Bank, N.A. Galveston, Texas | 2015 |
Class B
Elected by member banks to represent the public| Name | Title | Term Expires |
| Curt Anastasio | Retired President and CEO NuStar Energy L.P. San Antonio, Texas | 2017 |
| Jorge A. Bermudez | President and Chief Executive Officer Byebrook Group College Station, Texas | 2015 |
| Ann B. Stern | President and Chief Executive Officer Houston Endowment Inc. Houston, Texas | 2016 |
Class C
Appointed by the Federal Reserve Board of Governors to represent the public| Name | Title | Term Expires |
| Matthew K. Rose | Executive Chairman BNSF Railway Company Fort Worth, Texas | 2017 |
| Renu Khator | Chancellor, University of Houston System President, University of Houston Houston, Texas | 2014 |
| Myron E. Ullman | Chief Executive Officer J.C. Penney Company, Inc. Plano, Texas | 2016 |
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
- 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
The Dallas Fed also focused on research dealing with maquiladoras and other U.S.-Mexico border economics.
The president is Robert Steven Kaplan, who replaced Richard W. Fisher in September 2015.