Federal Reserve Bank of Atlanta - AbsoluteAstronomy.com

The Federal Reserve Bank of Atlanta is responsible for the sixth district, which covers the states of Alabama

Alabama

Alabama is a state located in the southeastern region of the United States. It is bordered by Tennessee to the north, Georgia to the east, Florida and the Gulf of Mexico to the south, and Mississippi to the west. Alabama ranks 30th in total land area and ranks second in the size of its inland...

, Florida

Florida

Florida is a state in the southeastern United States, located on the nation's Atlantic and Gulf coasts. It is bordered to the west by the Gulf of Mexico, to the north by Alabama and Georgia and to the east by the Atlantic Ocean. With a population of 18,801,310 as measured by the 2010 census, it...

, and Georgia

Georgia (U.S. state)

Georgia is a state located in the southeastern United States. It was established in 1732, the last of the original Thirteen Colonies. The state is named after King George II of Great Britain. Georgia was the fourth state to ratify the United States Constitution, on January 2, 1788...

, 74 counties in the eastern two-thirds of
Tennessee

Tennessee

Tennessee is a U.S. state located in the Southeastern United States. It has a population of 6,346,105, making it the nation's 17th-largest state by population, and covers , making it the 36th-largest by total land area...

, 38 parishes of southern Louisiana

Louisiana

Louisiana is a state located in the southern region of the United States of America. Its capital is Baton Rouge and largest city is New Orleans. Louisiana is the only state in the U.S. with political subdivisions termed parishes, which are local governments equivalent to counties...

, and 43 counties of southern Mississippi

Mississippi

Mississippi is a U.S. state located in the Southern United States. Jackson is the state capital and largest city. The name of the state derives from the Mississippi River, which flows along its western boundary, whose name comes from the Ojibwe word misi-ziibi...

. The Sixth District operates branches in Atlanta

Atlanta, Georgia

Atlanta is the capital and most populous city in the U.S. state of Georgia. According to the 2010 census, Atlanta's population is 420,003. Atlanta is the cultural and economic center of the Atlanta metropolitan area, which is home to 5,268,860 people and is the ninth largest metropolitan area in...

, Birmingham

Birmingham, Alabama

Birmingham is the largest city in Alabama. The city is the county seat of Jefferson County. According to the 2010 United States Census, Birmingham had a population of 212,237. The Birmingham-Hoover Metropolitan Area, in estimate by the U.S...

, Jacksonville

Jacksonville, Florida

Jacksonville is the largest city in the U.S. state of Florida in terms of both population and land area, and the largest city by area in the contiguous United States. It is the county seat of Duval County, with which the city government consolidated in 1968...

, Miami

Miami, Florida

Miami is a city located on the Atlantic coast in southeastern Florida and the county seat of Miami-Dade County, the most populous county in Florida and the eighth-most populous county in the United States with a population of 2,500,625...

, Nashville

Nashville, Tennessee

Nashville is the capital of the U.S. state of Tennessee and the county seat of Davidson County. It is located on the Cumberland River in Davidson County, in the north-central part of the state. The city is a center for the health care, publishing, banking and transportation industries, and is home...

, and New Orleans

New Orleans, Louisiana

New Orleans is a major United States port and the largest city and metropolitan area in the state of Louisiana. The New Orleans metropolitan area has a population of 1,235,650 as of 2009, the 46th largest in the USA. The New Orleans – Metairie – Bogalusa combined statistical area has a population...

. These branches provide cash to bank

Bank

A bank is a financial institution that serves as a financial intermediary. The term "bank" may refer to one of several related types of entities:...

s, savings and loans, and other depository institutions; transfer money electronically

Electronic funds transfer

Electronic funds transfer is the electronic exchange or transfer of money from one account to another, either within a single financial institution or across multiple institutions, through computer-based systems....

; and clear

Automated Clearing House

Automated Clearing House is an electronic network for financial transactions in the United States. ACH processes large volumes of credit and debit transactions in batches. ACH credit transfers include direct deposit payroll and vendor payments. ACH direct debit transfers include consumer payments...

millions of check

Cheque

A cheque is a document/instrument See the negotiable cow—itself a fictional story—for discussions of cheques written on unusual surfaces. that orders a payment of money from a bank account...

s.
The bank is currently located at 1000 Peachtree Street

Peachtree Street

Peachtree Street is the main street of Atlanta. The city grew up around the street, and many of its historical and municipal buildings are or were located along it...

NE in midtown Atlanta

Midtown Atlanta

Midtown is the second largest financial district in the city of Atlanta, Georgia, situated between the commercial and financial districts of Downtown and SoNo to the south and the affluent residential and commercial district of Buckhead to the north...

. Prior to 2001, the bank was located in downtown Atlanta

Downtown Atlanta

Downtown Atlanta is the first and largest of the three financial districts in the city of Atlanta. Downtown Atlanta is the location of many corporate or regional headquarters, city, county, state and federal government facilities, sporting facilities, and is the central tourist attraction of the city...

at 104 Marietta

Marietta, Georgia

Marietta is a city located in central Cobb County, Georgia, United States, and is its county seat.As of the 2010 census, the city had a total population of 56,579, making it one of metro Atlanta's largest suburbs...

Street NW, which is now the home of the State Bar of Georgia

State Bar of Georgia

The State Bar of Georgia is the governing body of the legal profession in Georgia, operating under the supervision of the Supreme Court of Georgia. Membership is a condition of admission to practice law in Georgia....

.

The current president, Dennis P. Lockhart

Dennis P. Lockhart

Dennis P. Lockhart is President and CEO of the Federal Reserve Bank of Atlanta. He assumed office on March 1, 2007.From 2003 to 2007, Lockhart served on the faculty of the Master of Science in Foreign Service Program at Georgetown University's Walsh School of Foreign Service. He also was an...

took office March 1, 2007, as the 14th president and chief executive officer

Chief executive officer

A chief executive officer , managing director , Executive Director for non-profit organizations, or chief executive is the highest-ranking corporate officer or administrator in charge of total management of an organization...

of the Sixth District Federal Reserve Bank, at Atlanta.

The Atlanta Fed has three main functions: monetary policy

Monetary policy

Monetary policy is the process by which the monetary authority of a country controls the supply of money, often targeting a rate of interest for the purpose of promoting economic growth and stability. The official goals usually include relatively stable prices and low unemployment...

, operation of nationwide payment system

Payment system

A payment system is a system used for transferring money. What makes it a "system" is that it employs cash-substitutes; traditional payment systems are negotiable instruments such as drafts and documentary credits such as letter of credits. With the advent of computers and electronic...

, and bank supervision and regulation. It is his job to decide the interest rate

Interest rate

An interest rate is the rate at which interest is paid by a borrower for the use of money that they borrow from a lender. For example, a small company borrows capital from a bank to buy new assets for their business, and in return the lender receives interest at a predetermined interest rate for...

s, and he meets with other bank presidents and board members. The Bank’s board of directors

Board of directors

A board of directors is a body of elected or appointed members who jointly oversee the activities of a company or organization. Other names include board of governors, board of managers, board of regents, board of trustees, and board of visitors...

makes recommendations on the levels of discount rate

Discount rate

The discount rate can mean*an interest rate a central bank charges depository institutions that borrow reserves from it, for example for the use of the Federal Reserve's discount window....

Class A

**Class A**
Name	Title	Term Expires
James M. Wells III James M. Wells, III James M. Wells, III. is an American businessman. He is the current Executive Chairman of the Board of SunTrust Banks Inc..-Biography:James M. Wells III joined SunTrust Banks Inc. in 1976. He became its CEO in 2007. As CEO of SunTrust Banks Inc...	Chairman and Chief Executive Officer SunTrust Banks, Inc. Atlanta, Georgia Atlanta, Georgia Atlanta is the capital and most populous city in the U.S. state of Georgia. According to the 2010 census, Atlanta's population is 420,003. Atlanta is the cultural and economic center of the Atlanta metropolitan area, which is home to 5,268,860 people and is the ninth largest metropolitan area in...	2011
Rudy E. Schupp	President and Chief Executive Officer 1st United Bank West Palm Beach, Florida West Palm Beach, Florida West Palm Beach, is a city located on the Atlantic coast in southeastern Florida and is the most populous city in and county seat of Palm Beach County, the third most populous county in Florida with a 2010 population of 1,320,134. The city is also the oldest incorporated municipality in South Florida...	2012
T. Anthony Humphries	President and Chief Executive Officer NobleBank and Trust Anniston, Alabama Anniston, Alabama Anniston is a city in Calhoun County in the state of Alabama, United States.As of the 2000 census, the population of the city is 24,276. According to the 2005 U.S. Census estimates, the city had a population of 23,741...	2013

Class B

Class B
Name	Title	Term Expires
Renée Lewis Glover	President and Chief Executive Officer Atlanta Housing Authority Atlanta Housing Authority Atlanta Housing Authority is organized under Georgia law to develop, acquire, lease and operate affordable housing for low-income families. Today, AHA is the largest housing agency in Georgia and one of the largest in the nation, serving approximately 50,000 people.-AHA model:In 1996, AHA created... Atlanta, Georgia Atlanta, Georgia Atlanta is the capital and most populous city in the U.S. state of Georgia. According to the 2010 census, Atlanta's population is 420,003. Atlanta is the cultural and economic center of the Atlanta metropolitan area, which is home to 5,268,860 people and is the ninth largest metropolitan area in...	2011
Clarence Otis, Jr. Clarence Otis, Jr. Clarence Otis, Jr. is an American businessman and CEO of Darden Restaurants. Otis was named the 11th most powerful person in Central Florida by the Orlando Sentinel in 2010.- Early life :...	Chairman and Chief Executive Officer Darden Restaurants, Inc. Orlando, Florida Orlando, Florida Orlando is a city in the central region of the U.S. state of Florida. It is the county seat of Orange County, and the center of the Greater Orlando metropolitan area. According to the 2010 US Census, the city had a population of 238,300, making Orlando the 79th largest city in the United States...	2012
José S. Suquet	Chairman, President, and Chief Executive Officer Pan-American Life Insurance Group New Orleans, Louisiana New Orleans, Louisiana New Orleans is a major United States port and the largest city and metropolitan area in the state of Louisiana. The New Orleans metropolitan area has a population of 1,235,650 as of 2009, the 46th largest in the USA. The New Orleans – Metairie – Bogalusa combined statistical area has a population...	2013

Class C

Class C
Name	Title	Term Expires
Thomas I. Barkin (Deputy Chair)	Director McKinsey & Company Atlanta, Georgia Atlanta, Georgia Atlanta is the capital and most populous city in the U.S. state of Georgia. According to the 2010 census, Atlanta's population is 420,003. Atlanta is the cultural and economic center of the Atlanta metropolitan area, which is home to 5,268,860 people and is the ninth largest metropolitan area in...	2011
Richard H. Anderson Richard H. Anderson Richard Heron Anderson was a career U.S. Army officer, fighting with distinction in the Mexican-American War. He also served as a Confederate general during the American Civil War, fighting in the Eastern Theater of the conflict and most notably during the 1864 Battle of Spotsylvania Court House...	Chief Executive Officer Delta Air Lines, Inc. Atlanta, Georgia Atlanta, Georgia Atlanta is the capital and most populous city in the U.S. state of Georgia. According to the 2010 census, Atlanta's population is 420,003. Atlanta is the cultural and economic center of the Atlanta metropolitan area, which is home to 5,268,860 people and is the ninth largest metropolitan area in...	2012
Carol B. Tomé (Chair)	Chief Financial Officer and Executive Vice President The Home Depot The Home Depot The Home Depot is an American retailer of home improvement and construction products and services.The Home Depot operates 2,248 big-box format stores across the United States , Canada , Mexico and China, with a 12-store chain... Atlanta, Georgia Atlanta, Georgia Atlanta is the capital and most populous city in the U.S. state of Georgia. According to the 2010 census, Atlanta's population is 420,003. Atlanta is the cultural and economic center of the Atlanta metropolitan area, which is home to 5,268,860 people and is the ninth largest metropolitan area in...	2013

All terms expire on December 31.

External links

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Class A

Class B

Class C

See also

External links