Federal Reserve Bank of Richmond
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, Virginia, North Carolina, South Carolina and most of West Virginia (all state, except for the Northern Panhandle). Branch offices are located in Baltimore, Maryland and Charlotte, North Carolina. Currently, the president is Jeffrey M. Lacker. The former president, J. Alfred Broaddus, retired in 2004.
Contents
Building
The Federal Reserve Bank of Richmond has an aluminum facade and is one of the tallest buildings in the state. 49% of the building's total floor area is located underground. The Federal Reserve Bank of Richmond was designed by Minoru Yamasaki who also designed the World Trade Center twin towers.[1] The building was completed in 1975.
Economy
The Federal Reserve Bank of Richmond is the third-largest Federal Reserve Bank by assets held, after New York and San Francisco, as of April 2015.[2]
Branches
- Federal Reserve Bank of Richmond Baltimore Branch Office
- Federal Reserve Bank of Richmond Charlotte Branch Office
Current Board of Directors
The following people serve on the board of directors as of 2015:[3] All terms expire December 31.[3]
Class A
| Name | Title | Term Expires |
|---|---|---|
| Brad E. Schwartz | Chief Executive Officer Monarch Bank and Monarch Financial Holdings, Inc. Chesapeake, Virginia |
2015 |
| C. Richard Miller, Jr. | President and Chief Executive Officer Woodsboro Bank Woodsboro, Maryland |
2016 |
| Robert R. Hill, Jr. | Chief Executive Officer South State Corporation and South State Bank Columbia, South Carolina |
2017 |
Class B
| Name | Title | Term Expires |
|---|---|---|
| Wilbur E. Johnson | Managing Partner Young Clement Rivers, LLP Charleston, South Carolina |
2015 |
| Charles R. Patton | President and Chief Operating Officer Appalachian Power Company Charleston, West Virginia |
2016 |
| Thomas C. Nelson | Chairman, President, and Chief Executive Officer National Gypsum Company Charlotte, North Carolina |
2017 |
Class C
| Name | Title | Term Expires |
|---|---|---|
| Russell C. Lindner
(Chair) |
Chairman and Chief Executive Officer The Forge Company Washington, D.C. |
2015 |
| Margaret G. Lewis
(Deputy Chair) |
President HCA Capital Division Richmond, Virginia |
2016 |
| Kathy J. Warden | Corporate Vice President and President, Information Systems Northrop Grumman Corporation McLean, Virginia |
2017 |
See also
- 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
- List of tallest buildings in Virginia
References
- ↑ Federal Reserve Bank Building
- ↑ Release Dates
- ↑ 3.0 3.1 Lua error in package.lua at line 80: module 'strict' not found.
External links
- Richmond Fed's home page
- Academic Competitions
- Fed Challenge
- Historical resources by and about the Federal Reserve Bank of Richmond including annual reports back to 1915
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