The Federal Reserve Bank of Atlanta is responsible for the sixth district, which covers the 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. 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.
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.
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:
Class A
Class B
Class C
All terms expire on December 31.
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
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
Interesting Informations
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