Federal Reserve Bank of Richmond

Federal Reserve Bank of Richmond
Fifth District of the Federal Reserve

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 Barkin became president of the Richmond Fed following the retirement of Jeffrey M. Lacker in April 2017. [1] The previous president, J. Alfred Broaddus, retired in 2004.[2]

Building

The Federal Reserve Bank of Richmond is located in Downtown Richmond, Virginia. It has an aluminum facade and was designed by Minoru Yamasaki, who also designed the former World Trade Center.[3] Despite being one of the tallest buildings in the state, 49% of the building's total floor area is located underground.[3] The building was proposed in 1972, and built from 1975-1978.[3]

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.[4]

Federal Reserve Note Seal (Richmond)
Current and Former FRB Richmond Presidents (Left to Right: J. Alfred Broaddus Jr.; Robert P. Black; Jeffrey M. Lacker)

Branches

Board of Directors

The following people serve on the board of directors as of 2015:[5]

Class A

Class A
Name Title Term Expires
William A. Loving Jr Chief Executive Officer
Pendleton Community Bank
Franklin, West Virginia		 2015
Susan K. Still President and Chief Executive Officer
HomeTown Bankshares Corporation and HomeTown Bank
Roanoke, Virginia		 2016
Robert R. Hill, Jr. Chief Executive Officer
South State Corporation and South State Bank
Columbia, South Carolina		 2017

Class B

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

References

  1. ↑ "Federal Reserve Bank of Richmond Presidential Search". www.richmondfed.org. Retrieved 24 April 2017.
  2. ↑ "Federal Reserve Bank of Richmond". www.richmondfed.org. Retrieved 12 January 2017.
  3. 1 2 3 "Federal Reserve Bank Building". Emporis.
  4. ↑ Release Dates
  5. ↑ "Directors of Federal Reserve Banks and Branches". The Federal Reserve. Jun 6, 2015.

Coordinates: 37°32′08″N 77°26′26″W / 37.535639°N 77.440645°W / 37.535639; -77.440645


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