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.

History and Building

250px|thumb|right|Fifth District of the Federal Reserve

The Federal Reserve Bank of Richmond has had three locations in Downtown Richmond, Virginia. When it opened in 1914, it was located near the federal courts. From 1919 to 1921, a new building for the Federal Reserve was constructed at 100 North Ninth Street. The Fed offices existed here from 1921 until 1978, when they moved to their current location. The old 1921 Fed building is now used as the Supreme Court of Virginia, which moved to the location in 1978 from its former building at 1111 East Broad Street.

The current building, in the Central Office District, has an aluminum facade and was designed by Minoru Yamasaki, who also designed the former World Trade Center. Despite being one of the tallest buildings in the state, 49% of the building's total floor area is located underground.thumb|right|Federal Reserve Note Seal (Richmond)thumb|right|Former presidents of the Richmond Fed (Left to Right: J. Alfred Broaddus Jr.; Robert P. Black; Jeffrey M. Lacker)

Branches

  • Federal Reserve Bank of Richmond Baltimore Branch Office
  • Federal Reserve Bank of Richmond Charlotte Branch Office

Board of directors

The following people serve on the board of directors :

Class A

{| class="wikitable"

|+

! Name

! Title

! Term expires on<br />December 31

|-

!Jennifer LaClair

|Chief Financial Officer<br />Ally Bank<br />Charlotte, North Carolina

|2023

|-

!James H. Sills, III

|President and chief executive officer<br />Mechanics and Farmers Bank<br />Durham, North Carolina

|2024

|-

!Alice P. Frazier

|President and chief executive officer<br />Bank of Charles Town<br />Charles Town, West Virginia

|2025

|}

Class B

{| class="wikitable"

|+

! Name

! Title

! Term expires on<br />December 31

|-

!Robert M. Blue

|President and chief executive officer<br />Dominion Energy<br />Richmond, Virginia

|2023

|-

!Nazzic Keene

|Chief executive officer<br />SAIC<br />Reston, Virginia

|2021

|-

!Wayne A. I. Frederick

|President<br />Howard University<br />Washington, D.C.

|2025

|}

Class C

{| class="wikitable"

|+

! Name

! Title

! Term expires on<br />December 31

|-

!Lisa M. Hamilton

(vice chair)

|President and chief executive officer<br />The Annie E. Casey Foundation<br />Baltimore, Maryland

|2023

|-

!Halsey M. Cook

|President and chief executive officer<br/>Milliken & Company<br/>Spartanburg, South Carolina

|2024

|-

!Jodie McLean

(chair)

|Chief Executive Officer<br />EDENS<br />Washington, D.C.

|2025

|}

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

References

  • Richmond Fed's home page
  • Historical resources by and about the Federal Reserve Bank of Richmond including annual reports back to 1915