Federal Reserve Bank Of Dallas

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DEFINITION of 'Federal Reserve Bank Of Dallas'

The Federal Reserve Bank located in Dallas, which is responsible for the 11th district. Its territory includes parts of the states of Louisiana and New Mexico, as well as the entire state of Texas. It operates several branches within the district.


The Federal Reserve Bank of Dallas is one of 12 reserve banks within the Federal Reserve System.

BREAKING DOWN 'Federal Reserve Bank Of Dallas'

The Federal Reserve Bank of Dallas is responsible for executing the central bank's monetary policy by reviewing price inflation and economic growth, and by regulating the banks within its territory. It provides cash to banks within its district and monitors electronic deposits. The president of the Federal Reserve Bank of Dallas is part of a rotation of reserve bank presidents who, along with the seven governors of the Federal Reserve Board and the president of the Federal Reserve Bank of New York, meet to set open market operations. This is referred to as the Federal Open Market Committee (FOMC).


The Federal Reserve Bank of Dallas manages the United States' Electronic Transfer Account (ETA) program.


Bank notes printed by Federal Reserve Bank of Dallas are denoted by the mark "K11", representing the eleventh district (K is also the 11th letter of the alphabet).

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RELATED FAQS
  1. How is the Federal Reserve audited?

    Contrary to conventional wisdom, the Federal Reserve is extensively audited. Politicians on the left and right of a populist ... Read Full Answer >>
  2. Who decides when to print money in the US?

    The U.S. Treasury decides to print money in the United States as it owns and operates printing presses. However, the Federal ... Read Full Answer >>
  3. Why do some people claim the Federal Reserve is unconstitutional?

    The U.S. Constitution does not mention the need for a central bank, nor does it explicitly grant the government the power ... Read Full Answer >>
  4. How can the federal reserve increase aggregate demand?

    The Federal Reserve can increase aggregate demand in indirect ways by lowering interest rates. Aggregate demand is a measure ... Read Full Answer >>
  5. How does the stock market react to changes in the Federal Funds Rate?

    The stock market reacts to changes in the federal funds rate in various ways depending on where it is in the business cycle. ... Read Full Answer >>
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    In macroeconomics, balance of trade is one of the leading economic metrics that determines the trading relationship of a ... Read Full Answer >>

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