| |||
| Headquarters | 701 E Byrd St Richmond, Virginia, USA | ||
|---|---|---|---|
| Established | May 18, 1914 | ||
| President | Thomas I. Barkin | ||
| Central bank of | Fifth District | ||
| Website | www.RichmondFed.org | ||
| The Federal Reserve Bank of Richmond is one of 12 regional banks that make up the Federal Reserve System | |||
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 I. Barkin became president of the Richmond Fed following the retirement of Jeffrey M. Lacker in April 2017.[1] The previous president, J. Alfred Broaddus, retired in 2004.[2]
Building[edit]
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.[3] Despite being one of the tallest buildings in the state, 49% of the building's total floor area is located underground.[3] The building was proposed in 1972, and built from 1975-1978.[3]
Economy[edit]
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.[4]
Branches[edit]
- Federal Reserve Bank of Richmond Baltimore Branch Office
- Federal Reserve Bank of Richmond Charlotte Branch Office
Board of Directors[edit]
The following people serve on the board of directors as of 2021[update]:[5]
Class A[edit]
| Name | Title | Term expires on December 31 |
|---|---|---|
| James H. Sills, III | President and Chief Executive Officer Mechanics and Farmers Bank Durham, North Carolina |
2021 |
| William A. Loving Jr. | Chief Executive Officer Pendleton Community Bank Franklin, West Virginia |
2022 |
| Jennifer LaClair | Chief Financial Officer Ally Bank Charlotte, North Carolina |
2023 |
Class B[edit]
| Name | Title | Term expires on December 31 |
|---|---|---|
| Catherine A. Meloy | President and Chief Executive Officer Goodwill of Greater Washington/Goodwill Excel Center Washington, D.C. |
2021 |
| Wayne A. I. Frederick | President Howard University Washington, D.C. |
2022 |
| Robert M. Blue | President and Chief Executive Officer Dominion Energy Richmond, Virginia |
2023 |
Class C[edit]
| Name | Title | Term expires on December 31 |
|---|---|---|
| Eugene A. Woods
(Chair) |
President and Chief Executive Officer Atrium Health Charlotte, North Carolina |
2021 |
| Jodie McLean
(Deputy Chair) |
Chief Executive Officer EDENS Washington, D.C. |
2022 |
| Vacancy | 2023 |
See also[edit]
- Federal Reserve Districts
- Federal Reserve Branches
- Federal Reserve Bank of Richmond Baltimore Branch Office
- Federal Reserve Bank of Richmond Charlotte Branch Office
- Federal Reserve System
- Federal Reserve Act
- Structure of the Federal Reserve System
References[edit]
- ^ "Federal Reserve Bank of Richmond Presidential Search". www.richmondfed.org. Archived from the original on 25 April 2017. Retrieved 24 April 2017.
- ^ "Federal Reserve Bank of Richmond". www.richmondfed.org. Retrieved 12 January 2017.
- ^ a b c "Federal Reserve Bank Building". Emporis.
- ^ "FRB: H.4.1 Release--Factors Affecting Reserve Balances-- December 06, 2018".
- ^ "Federal Reserve Board - Federal Reserve Bank of Richmond". The Federal Reserve. 8 March 2021.
External links[edit]
- Richmond Fed's home page
- Historical resources by and about the Federal Reserve Bank of Richmond including annual reports back to 1915
Coordinates: 37°32′08″N 77°26′26″W / 37.535639°N 77.440645°W
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