Lorie Logan | |
---|---|
14th President of the Federal Reserve Bank of Dallas | |
Assumed office August 22, 2022 | |
Preceded by | Meredith Black (Acting) |
Personal details | |
Born | 1972or1973(age 51–52) Versailles,Kentucky,U.S. |
Education | Davidson College (BA) Columbia University (MPA) |
Lorie K. Logan (born 1972/1973) [1] is president and CEO of the Federal Reserve Bank of Dallas. [2] [3] [4]
Logan is a native of Versailles,Kentucky,and holds a bachelor's degree in political science from Davidson College and a master's degree in public administration from Columbia University. [4]
Logan previously served as manager of the System Open Market Account for the Federal Open Market Committee,then as executive vice president of the Federal Reserve Bank of New York,where she led Market Operations,Monitoring and Analysis from 2012 through 2022. [4] [5] She joined the Federal Reserve Bank of New York in 1999 as a financial analyst and played a key role in implementing the central bank's emergency programs during the COVID-19 pandemic. [5] [6]
She was named the president and CEO of the Federal Reserve Bank of Dallas on May 11,2022 and is the first woman to hold the role in a permanent capacity. [7]
The Federal Reserve System is the central banking system of the United States. It was created on December 23,1913,with the enactment of the Federal Reserve Act,after a series of financial panics led to the desire for central control of the monetary system in order to alleviate financial crises. Over the years,events such as the Great Depression in the 1930s and the Great Recession during the 2000s have led to the expansion of the roles and responsibilities of the Federal Reserve System.
The Federal Reserve Bank of San Francisco is the federal bank for the twelfth district in the United States. The twelfth district is made up of nine western states—Alaska,Arizona,California,Hawaii,Idaho,Nevada,Oregon,Utah,and Washington—plus the Northern Mariana Islands,American Samoa,and Guam. The San Francisco Fed has branch offices in Los Angeles,Portland,Salt Lake City,and Seattle. It also has a cash processing center in Phoenix.
The Federal Reserve Bank of New York is one of the 12 Federal Reserve Banks of the United States. It is responsible for the Second District of the Federal Reserve System,which encompasses the State of New York,the 12 northern counties of New Jersey,Fairfield County in Connecticut,Puerto Rico,and the U.S. Virgin Islands. Located at 33 Liberty Street in Lower Manhattan,it is the largest,the most active,and the most influential of the Reserve Banks.
The Federal Reserve Bank of Dallas covers the Eleventh Federal Reserve District of the United States,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 U.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.
The Federal Reserve Bank of Atlanta,,is the sixth district of the 12 Federal Reserve Banks of the United States and is headquartered in midtown Atlanta,Georgia.
Cathy E. Minehan was President and Chief Executive Officer of the Federal Reserve Bank of Boston from 1994 until her retirement in July 2007. Minehan also served as a member of the Federal Open Market Committee,the body responsible for U.S. monetary policy. She was "appointed Dean of the School of Management of Simmons College,a private university,in August 2011 and is Managing Director of Arlington Advisory Partners,a private advisory services firm."
Alfred Hayes Jr. was an American banker and an expert in international finance. As president of the Federal Reserve Bank of New York from 1956 to 1975,Hayes was known as a conservative money manager who took a strong stand against inflation. He also had a reputation as a lightning-fast mathematician.
Richard W. Fisher is the former President and CEO of the Federal Reserve Bank of Dallas,having served in that post from April 2005 to 2015. He is a Senior Advisor to Barclays Plc,a British bank holding company,a Director of PepsiCo,and a Senior Contributing Editor for CNBC. From 2011 to 2017,he served on the Harvard Board of Overseers.
Eric S. Rosengren took office on July 20,2007,as the thirteenth president and chief executive officer of the Federal Reserve Bank of Boston,serving the First District. As a Fed president,he was a participant and voting member of the Federal Open Market Committee. He retired on September 30,2021.
Jamie B. Stewart,Jr. was previously President and CEO of the Federal Farm Credit Banks Funding Corporation,based in Jersey City,NJ.,since January 2004.
The Structure of the Federal Reserve System is unique among central banks in the world,with both public and private aspects. It is described as "independent within the government" rather than "independent of government".
John Carroll Williams is an American economist. He has been the president and CEO of the Federal Reserve Bank of New York since June 2018. He previously served as president and CEO of the Federal Reserve Bank of San Francisco from 2011 to 2018. As president of the Federal Reserve Bank of New York,he is automatically also vice chairman of the Federal Open Market Committee.
Adena T. Friedman is an American businesswoman. She currently serves as the President and CEO of Nasdaq,Inc. She was formerly a managing director and CFO of The Carlyle Group. Initially joining Nasdaq in 1993,she returned to Nasdaq from Carlyle in May 2014 as President of Global Corporate and information technology solutions. She was named the CEO of Nasdaq in January 2017,the first woman to lead a global exchange.
Robert Steven Kaplan served as the president and CEO of the Federal Reserve Bank of Dallas from 2015 until 2021 and is a long-time Goldman Sachs executive,where he currently serves as vice chairman.
Loretta J. Mester was president and CEO of the Federal Reserve Bank of Cleveland.
Michael Strine has spent over two decades in COO and CFO roles across the government,education,health and financial services sector,applying his knowledge and experience toward making complex organizations better at what they do for who they serve.
Mary Colleen Daly is an American economist,who became the 13th President and chief executive officer of the Federal Reserve Bank of San Francisco on October 1,2018. She serves on the Federal Reserve's rate-setting Federal Open Market Committee on a rotating basis. Previously,Daly was the Executive Vice President and Director of Research of the Federal Reserve Bank of San Francisco,which she joined as an economist in 1996.
Julie Ann Remache is an American economist who currently works as selected deputy SOMA manager at the Federal Reserve of New York. Remache has worked at the Federal Reserve of New York since 2000,where she held several positions before being promoted to Senior VP in February 2015. She briefly worked in the private sector between 2008-2009,but returned to the Federal Reserve in January 2009 as Director for Portfolio Analytics. In this position,Remache was part of a team responsible for buying $1.25 trillion of mortgage-backed securities (MBS) as part of the Federal Reserve's MBS purchase program during the 2007–2008 financial crisis.
Linda S. Goldberg is an Economist at the Federal Reserve Bank of New York and is currently Senior Vice President in the Research Policy Leadership division. She holds a Doctor of Philosophy and Master of Arts from Princeton University and a Bachelor of Arts in Mathematics and Economics from Queens College of the City University of New York.
Naureen Hassan is an American finance executive who serves as the president of UBS Americas. She previously served as the first vice president and chief operating officer of the Federal Reserve Bank of New York. In this capacity,she was also an alternate voting member of the Federal Open Market Committee.