Federal Reserve Bank Of Dallas

AAA

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.

INVESTOPEDIA EXPLAINS '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).

RELATED TERMS
  1. Federal Reserve Bank

    The central bank of the United States and the most powerful financial ...
  2. Federal Reserve Bank Of Kansas ...

    The Federal Reserve Bank responsible for the 10th district, located ...
  3. Federal Reserve Bank Of Richmond

    The Federal Reserve bank located in Richmond, Va.; it is responsible ...
  4. Federal Open Market Committee Meeting ...

    The meeting of the Federal Open Market Committee (FOMC) that ...
  5. Electronic Transfer Account - ETA

    A bank account for federal payment recipients who do not have ...
  6. Beige Book

    A commonly used name for the Fed report called the Summary of ...
Related Articles
  1. How Much Influence Does The Fed Have?
    Economics

    How Much Influence Does The Fed Have?

  2. How The U.S. Government Formulates Monetary ...
    Personal Finance

    How The U.S. Government Formulates Monetary ...

  3. How The Federal Reserve Manages Money ...
    Personal Finance

    How The Federal Reserve Manages Money ...

  4. How The Federal Reserve Was Formed
    Personal Finance

    How The Federal Reserve Was Formed

comments powered by Disqus
Hot Definitions
  1. Walras' Law

    An economics law that suggests that the existence of excess supply in one market must be matched by excess demand in another ...
  2. Market Segmentation

    A marketing term referring to the aggregating of prospective buyers into groups (segments) that have common needs and will ...
  3. Effective Annual Interest Rate

    An investment's annual rate of interest when compounding occurs more often than once a year. Calculated as the following: ...
  4. Debit Spread

    Two options with different market prices that an investor trades on the same underlying security. The higher priced option ...
  5. Odious Debt

    Money borrowed by one country from another country and then misappropriated by national rulers. A nation's debt becomes odious ...
  6. Takeover

    A corporate action where an acquiring company makes a bid for an acquiree. If the target company is publicly traded, the ...
Trading Center