Federal Reserve Bank of Atlanta
The Federal Reserve Bank of Atlanta is responsible for the sixth district, which covers the U.S. states of Alabama, Florida, and Georgia, 74 counties in the eastern two-thirds of Tennessee, 38 parishes of southern Louisiana, and 43 counties of southern Mississippi.[1] The Sixth District operates branches in Atlanta, Birmingham, Jacksonville, Miami, Nashville, and New Orleans. These branches provide cash to banks, savings and loans, and other depository institutions; transfer money electronically; and clear millions of checks.[2]
The bank is currently located at 1000 Peachtree Street NE in Midtown Atlanta. Prior to 2001, the bank was located in downtown Atlanta at 104 Marietta Street NW, which is now the home of the State Bar of Georgia.
The current president, Dennis P. Lockhart took office March 1, 2007, as the 14th president and chief executive officer of the Sixth District Federal Reserve Bank, at Atlanta.[1]
The Atlanta Fed has three main functions: monetary policy, operation of nationwide payment system, and bank supervision and regulation. Its job is to decide the interest rates, and the president meets with other bank presidents and board members. The Bank’s board of directors makes recommendations on the levels of discount rates.
Board of Directors
The following people are on the board of directors as of 2013:[3]
Class A
| Name | Title | Term Expires |
|---|---|---|
| Gerard R. Host | President and Chief Executive Officer Trustmark Corporation Jackson, Mississippi |
2015 |
| T. Anthony Humphries | President and Chief Executive Officer NobleBank and Trust Anniston, Alabama |
2016 |
| William H. Rogers, Jr. | Chairman and Chief Executive Officer SunTrust Banks, Inc. Atlanta, Georgia |
2017 |
Class B
| Name | Title | Term Expires |
|---|---|---|
| Clarence Otis, Jr. | Chairman and Chief Executive Officer Darden Restaurants, Inc. Orlando, Florida |
2015 |
| Jonathan T.M. Reckford | CEO Habitat for Humanity International Atlanta, Georgia |
2017 |
| José S. Suquet | Chairman, President, and Chief Executive Officer Pan-American Life Insurance Group New Orleans, Louisiana |
2016 |
Class C
| Name | Title | Term Expires |
|---|---|---|
| Thomas A. Fanning (Chair) |
Chairman, President, and Chief Executive Officer Southern Company Atlanta, Georgia |
2015 |
| Myron A. Gray | President, U.S. Operations USPS Atlanta, Georgia |
2017 |
| Michael J. Jackson (Deputy Chair) |
Chairman and CEO AutoNation, Inc. Fort Lauderdale, Florida |
2016 |
All terms expire on December 31.[4]
See also
- Federal Reserve Act
- Federal Reserve System
- Federal Reserve Bank
- Federal Reserve Districts
- Federal Reserve Branches
- Federal Reserve Bank of Atlanta Birmingham Branch Office
- Federal Reserve Bank of Atlanta Jacksonville Branch Office
- Federal Reserve Bank of Atlanta Miami Branch Office
- Federal Reserve Bank of Atlanta New Orleans Branch Office
- Federal Reserve Bank of Atlanta Nashville Branch Office
- Structure of the Federal Reserve System
References
- 1 2 "Federal Reserve Bank Presidents:Dennis P. Lockhart". Board of Governors of the Federal Reserve System. January 28, 2009. Retrieved 2009-02-19.
- ↑ "Branches". Federal Reserve Bank of Atlanta. Archived from the original on January 22, 2009. Retrieved 2009-02-19.
- ↑ "Directors of Federal Reserve Banks and Branches". The Federal Reserve. Dec 6, 2013.
- ↑ "Directors of Federal Reserve Banks and Branches". The Federal Reserve. The Federal Reserve Board. July 14, 2010. Retrieved 2010-07-22.
External links
- Federal Reserve Bank of Atlanta
- Federal Reserve Bank Presidents
- Historical resources by and about the Federal Reserve Bank of Atlanta including annual reports back to 1915
Coordinates: 33°46′57″N 84°23′7″W / 33.78250°N 84.38528°W
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