Federal Reserve Bank of Richmond


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.
The previous president, J. Alfred Broaddus, retired in 2004.

Building

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. Despite being one of the tallest buildings in the state, 49% of the building's total floor area is located underground. The building was proposed in 1972, and built from 1975-1978.

Economy

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.

Branches

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

Class A

Class B

NameTitleTerm Expires
Catherine A. MeloyPresident and Chief Executive Officer
Goodwill of Greater Washington/Goodwill Excel Center
Washington, D.C.
2018
Ángel CabreraPresident
George Mason University
Fairfax, Virginia
2019
Thomas C. NelsonChairman, President, and Chief Executive Officer
National Gypsum Company
Charlotte, North Carolina
2020

Class C

NameTitleTerm Expires
VacantN/A2018
Margaret G. Lewis
Retired President
HCA Capital Division
Richmond, Virginia
2019
Kathy J. Warden
President and CEO
Northrop Grumman Corporation
Falls Church, Virginia
2020