The Federal Reserve Bank of Minneapolis Helena Branch is the only branch of the Federal Reserve Bank of Minneapolis. The branch was opened on 1 Feb. 1921. [1] At the time of opening, the city had a population of 12,377 making it the smallest city to have a Federal Reserve bank or branch. [1]
The branch is located in Helena, Montana, in a 69,350-square-foot (6,443 m2) 3-level facility which sits on 4 acres. [1] [2]
The following people are on the board of directors as of 2013: [3]
| Name | Title | Term Expires |
|---|---|---|
| Thomas R. Swenson | President and Chief Executive Officer Bank of Montana and Bancorp of Montana Holding Company Missoula, Montana | 2013 |
| Duane Kurokawa | President Western Bank of Wolf Point Wolf Point, Montana | 2014 |
| Barbara Stiffarm | Executive Director Opportunity Link, Inc. Havre, Montana | 2015 |
| Name | Title | Term Expires |
|---|---|---|
| David B. Solberg (Chair) | Owner Seven Blackfoot Ranch Company Billings, Montana | 2014 |
| Marsha Goetting | Professor and Extension Family Economics Specialist Montana State University Bozeman, Montana | 2015 |
A Federal Reserve Bank is a regional bank of the Federal Reserve System, the central banking system of the United States. There are twelve in total, one for each of the twelve Federal Reserve Districts that were created by the Federal Reserve Act of 1913. The banks are jointly responsible for implementing the monetary policy set forth by the Federal Open Market Committee, and are divided as follows:
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 Kansas City is located in Kansas City, Missouri and covers the 10th District of the Federal Reserve, which includes Colorado, Kansas, Nebraska, Oklahoma, Wyoming, and portions of western Missouri and northern New Mexico. It is second only to the Federal Reserve Bank of San Francisco in size of geographic area served. Missouri is the only state with two main Federal Reserve Banks; the other is located in St. Louis.
The Federal Reserve Bank of Minneapolis, located in Minneapolis, Minnesota, in the United States, covers the 9th District of the Federal Reserve, which is made up of Minnesota, Montana, North and South Dakota, northwestern Wisconsin, and the Upper Peninsula of Michigan. Although its geographical territory is the third largest of the 12 Federal Reserve banks, it serves the smallest population base of the system. It has one branch, which is in Helena, Montana.
The Federal Reserve Bank of Dallas covers the Eleventh Federal Reserve District, 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 nation'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 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. The previous president, J. Alfred Broaddus, retired in 2004.
The Federal Reserve Bank of Chicago is one of twelve Federal Reserve Banks that, along with the Federal Reserve Board of Governors, make up the Federal Reserve System, the United States' central bank. The Chicago Fed serves the Seventh District, which encompasses the northern portions of Illinois and Indiana, southern Wisconsin, the Lower Peninsula of Michigan, and the state of Iowa. In addition to participation in the formulation of monetary policy, each Reserve Bank supervises member banks and bank holding companies, provides financial services to depository institutions and the U.S. government, and monitors economic conditions in its District.
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.
The Federal Reserve Bank of Cleveland Cincinnati Branch Office is one of two Federal Reserve Bank of Cleveland branch offices. The Cincinnati Office of the Federal Reserve Bank of Cleveland provides currency distribution services for financial institutions in multiple Reserve Districts.James M. Anderson is the current chairman.
The Federal Reserve Bank of Cleveland Pittsburgh Branch Office is one of two Federal Reserve Bank of Cleveland branch offices. The Pittsburgh Office of the Federal Reserve Bank of Cleveland hosts one of two savings bonds processing sites in the nation. The Pittsburgh branch presides over Jefferson, Monroe and Belmont counties in Ohio, Wetzel, Tyler, Pleasants, Marshall, Ohio, Brooke and Hancock counties in West Virginia, and all of Western Pennsylvania. In 1915 it was revealed that the Pittsburgh branch location was to be the new home of a relocated Cleveland Fed District with a majority vote secured on the board of governors, but the U.S. Attorney General at the time nixed moving the Cleveland, Kansas City, Minneapolis, Boston and Atlanta Federal Reserve Districts, stating that it would instead take an act of Congress to move those district headquarters. Pittsburgh remained a branch location only.
The Federal Reserve Bank of Atlanta Miami Branch Office is one of the five Federal Reserve Bank of Atlanta branch offices. The Miami branch is part of the 6th District.
The Federal Reserve Bank of Kansas City Denver Branch is second largest of three branches of the Federal Reserve Bank of Kansas City. The branch which is in Denver opened on January 14, 1918 at 17th Street before moving in 1968 to 16th Street Mall.
The Federal Reserve Bank of Kansas Oklahoma City Branch is one of the 4 branches of the Federal Reserve Bank of Kansas City. The branch which is in Oklahoma City opened on August 2, 1920 at the Continental Building before moving in 1923 to a new building at the corner Harvey and Third streets.
The Federal Reserve Bank of Kansas City Omaha Branch is one of three branches of the Federal Reserve Bank of Kansas City. The branch, which is in Omaha, Nebraska, opened on September 4, 1917.
The Reserve Bank of Dallas El Paso Branch is one of three branches of the Federal Reserve Bank of Dallas. The branch is located in downtown El Paso, Texas at 301 E. Main St.
The Reserve Bank of Dallas Houston Branch is one of three branches of the Federal Reserve Bank of Dallas. The branch is located on Allen Parkway in the Fourth Ward of Houston, Texas. The 297,000-square-foot (27,600 m2) building, which includes the second largest currency vault in the country, was designed by architect Michael Graves.
The Federal Reserve Bank of San Francisco Los Angeles Branch is one of four branches of the Federal Reserve Bank of San Francisco. The branch is located in Los Angeles.
The Federal Reserve Bank of San Francisco Salt Lake City Branch is one of four branches of the Federal Reserve Bank of San Francisco. The branch is located at 120 South State Street in downtown Salt Lake City, Utah.
The Federal Reserve Bank of San Francisco Seattle Branch is one of four branches of the Federal Reserve Bank of San Francisco. The branch is located at 2700 Naches Ave SW in Renton, Washington, a suburb south of Seattle. Until 2008, the branch was headquartered at the Federal Reserve Bank Building in Downtown Seattle, which had been built in 1951 for the branch.
46°35′38″N112°02′18″W / 46.593915°N 112.038239°W
| New York branches |
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| Cleveland branches | ||
| Richmond branches | ||
| Atlanta branches | ||
| Chicago branches | ||
| St. Louis branches | ||
| Minneapolis branches | ||
| Kansas City branches | ||
| Dallas branches | ||
| San Francisco branches | ||
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