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:
Truist Financial Corporation is an American bank holding company headquartered in Charlotte, North Carolina. The company was formed in December 2019 as the result of the merger of BB&T and SunTrust Banks. Its bank operates 2,781 branches in 15 states and Washington, D.C., and offers consumer and commercial banking, securities brokerage, asset management, mortgage, and insurance products and services. It is on the list of largest banks in the United States by assets; as of June 2021, it is the 10th largest bank with $509 billion in assets. As of January 2021, Truist Insurance Holdings is the seventh largest insurance broker in the world with $2.27 billion in annual revenue.
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 Boston, commonly known as the Boston Fed, is responsible for the First District of the Federal Reserve, which covers New England: Maine, Massachusetts, New Hampshire, Rhode Island, Vermont and all of Connecticut except Fairfield County. The code of the Bank is A1, meaning that dollar bills from this Bank will have the letter A on them. The Boston Fed describes its mission as promoting "growth and financial stability in New England and the nation". The Boston Fed also includes the New England Public Policy Center.
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 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.
Downtown Richmond is the central business district of Richmond, Virginia. It is generally defined as being bound by Belvidere Street to the west, I-95 to the north and east, and the James River to the south. The Fan district borders it to the west, Highland Park to the north, Church Hill to the east, and Manchester to the south.
Jeffrey M. Lacker is an American economist and was president of the Federal Reserve Bank of Richmond until April 4, 2017. He is now a Distinguished Professor in the Department of Economics at the Virginia Commonwealth University School of Business in Richmond, Virginia.
CTI Consultants, Inc. (CTI), founded in 1984, is an engineering consulting firm with its corporate headquarters in Richmond, Virginia, and branch offices at eight other locations in the Mid-Atlantic Region of the United States – Baltimore, Maryland, Rockville, Maryland, Chantilly, Virginia, Ashland, Virginia, Charlottesville, Virginia, Winchester, Virginia, Norfolk, Virginia, Blacksburg, Virginia, and Raleigh, North Carolina.
Sovran Bank was a US-based regional bank that operated in Virginia between 1983 and 1990, and was the leading subsidiary of Sovran Financial Corporation. It was itself a product of a merger between First & Merchants Bank of Richmond and Virginia National Bankshares of Norfolk, both of which could trace back their history to the 1860s. In 1990, it was merged with Citizens & Southern National Bank to form C&S/Sovran Corp., which in turn merged with NCNB to form NationsBank which became Bank of America in 1998.
The William Donald Schaefer Building is the fourth-tallest building in the City of Baltimore, Maryland, located at 6 St. Paul Street. Originally completed by Merritt Savings and Loan in 1986 and later re-opened under state management in 1992, the building rises 37 floors and 493 feet (150 m) in height. Office space constitutes the lower 29 floors, housing more than 1,100 employees in 14 state agencies. The nine upper floors are unoccupied, containing a maintenance area, cement staircase, a ladder to the rooftop deck and then an eight-floor spiral staircase leading to the top of the spire and the flagpole.
Provident Bank of Maryland was a bank in the U.S. state of Maryland. Provident Bank was the last largest independent commercial bank still headquartered in Maryland by the early 2000s, after the previous decade's wave of mergers which reduced the names and independent operations of most Baltimore banks to branch offices of larger, more affluent financial corporations and holding companies. Provident at the end with more than $6.4 billion in assets had also grown in its domestic home-grown reputation. Provident grew over the previous century, operating in total 143 branches in the Middle Atlantic states of Maryland, Pennsylvania, Virginia and Washington, D.C. Upon entering the Washington, D.C. and Virginia markets, the bank began to operate as "Provident Bank". Provident Bank was now a subsidiary of the bank holding operation of Provident Bankshares Corporation.
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 Richmond Baltimore Branch Office is one of the two Federal Reserve Bank of Richmond branch offices. The Federal Reserve Bank of Richmond's Baltimore Branch is an operational and regional center for Maryland, the metropolitan Washington D.C. area, Northern Virginia, and northeastern West Virginia. The Baltimore branch is part of the Fifth District and has the code E5. It supports Check 21 operations, supplies coin and currency to financial institutions and works to maintain stability in the financial sector throughout the Fifth District and also works with local elected officials and non-profit organizations to support fair housing initiatives throughout the Fifth District. The Baltimore branch was founded in March 1918 and is currently headed by William R. Roberts.
The Federal Reserve Bank of Richmond Charlotte Branch Office is one of the two Federal Reserve Bank of Richmond branch offices. Established in 1927, The Federal Reserve Bank of Richmond's Charlotte Branch is an operational and regional center for the Carolinas, including the nation's second largest financial center in Charlotte, North Carolina. They promote the safety and soundness of large bank holding companies headquartered in Charlotte. They distribute currency and coin to financial institutions in our region and provide check adjustment services for the Federal Reserve System. Their public programs include forums and conferences, economic education outreach, tours and a speakers’ bureau.
First Charter Bank, a subsidiary of First Charter Corporation, was a bank headquartered in Charlotte, North Carolina, United States. From its 1888 founding as Concord National Bank until its 2001 move to Charlotte, the bank was headquartered in Concord, North Carolina. The bank became part of Fifth Third Bank in 2008.
McDonough Bolyard Peck, Inc. (MBP) is a construction management company in the United States with headquarters in Fairfax, Virginia. It provides construction management services such as cost estimating, value engineering, constructability review, CPM scheduling, inspection, building information modeling, and facilities management. The firm is also active in many forms of Alternative Disputes Resolution (ADR). The firm serves private and governmental owners, designers, contractors, developers and attorneys on a wide range of transportation, building, plant, environmental and utilities projects.
Park Sterling Bank, whose parent company was Park Sterling Corp., was a bank based in Charlotte, North Carolina. It had $3.3 billion in assets and branches in North and South Carolina, Virginia and Georgia. A merger with South State Bank was completed November 30, 2017.
Robert P. Black, a native of Hickman, Kentucky, was the fifth president (1973–1992) of the Federal Reserve Bank of Richmond, the headquarters of the Fifth District of the Federal Reserve System. He was preceded in that position by Aubrey N. Heflin and succeeded by J. Alfred Broaddus (1993–2004) and Jeffrey Lacker.
South State Bank, based in Winter Haven, Florida, is an American bank based in Florida and a subsidiary of South State Corporation, a bank holding company. As of December 31, 2018, the company had 168 branches in South Carolina, North Carolina, Georgia, Florida, Alabama and Virginia.
