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Federal Reserve Bank of Dallas – Why Work For Us?

We know that every career decision is difficult, and the choices you make can greatly affect your future-both professionally and personally. That's why it's important to evaluate each opportunity carefully. When you do, we think you'll want to consider the Federal Reserve Bank of Dallas.

The Dallas Fed and its branch offices in El Paso, Houston and San Antonio have a lot to offer in terms of employment opportunities and benefits. Because our business places us at the center of the national economy and banking network, the dynamics of the industry provide challenges and excitement rarely matched in the workplace. We take a leadership role in the financial services we provide, in the technology we use and in the employment experience we offer.

Step up Your Career

We know that every career decision is difficult, and the choices you make can greatly affect your future—both professionally and personally. That's why it's important to evaluate each opportunity carefully. When you do, we think you'll want to consider the Federal Reserve Bank of Dallas.

The Dallas Fed and its branch offices in El Paso, Houston and San Antonio have a lot to offer in terms of employment opportunities and benefits. Because our business places us at the center of the national economy and banking network, the dynamics of the industry provide challenges and excitement rarely matched in the workplace. We take a leadership role in the financial services we provide, in the technology we use and in the employment experience we offer.




History:

"Texas Wants Reserve Bank," proclaimed the Texas Bankers Record in February 1914. Eager Texans from Dallas, Fort Worth and Houston made passionate pleas at the Reserve Bank Organization committee hearing that February in Austin to have a Reserve Bank in their cities.

The Federal Reserve Act of 1913 directed officials to choose no fewer than eight and no more than 12 cities as sites of Federal Reserve Banks, and Dallas supporters were determined to have their city selected. Dallas Morning News publisher George B. Dealey and Dallas Clearinghouse representative J. Howard Ardrey led the way in promoting Dallas and rallying support in Washington, D.C. Dealey and Ardrey sent coded telegrams to two influential Texans in Washington. Addressing the telegrams to "Mercury" and "Tacitus" to ensure confidentiality, Dealey communicated with Postmaster General Albert S. Burleson and presidential adviser E. M. House to find out how Dallas was doing in the race.

When it was learned that the postmaster general was coming to Texas on a personal business trip, Ardrey and News reporter Tom Finty "accidentally" took the same train as Burleson, riding with him from St. Louis to Dallas. Ardrey recalled later that the train ride gave him a "long and uninterrupted interview with [Burleson], in which we succeeded not only in convincing him that Dallas should be the choice, but also in arousing his enthusiastic interest." Burleson and House took the city’s case to the secretary of the Treasury and to President Woodrow Wilson himself.

In April 1914, News publisher Dealey received a telegram from Burleson indicating that Dallas would become the headquarters of the Fed’s Eleventh District. The Reserve Bank Organization committee stated that it chose the 12 cities it felt were the most important in terms of banking resources, central location, and communication and transportation facilities. Though Dallas and New Orleans had comparably sized banking operations at the time, the committee thought it especially noteworthy that the banking business in Dallas had more than doubled in the past decade while that in New Orleans had remained stable.

On October 16, 1914, the first official meeting of the Federal Reserve Bank of Dallas board of directors was held in the Directors' Room at City National Bank of Dallas, and on November 16, 1914, the Dallas Fed opened for business.

Location:

The Dallas Fed is located at 2200 N. Pearl Street on the northeast corner of Woodall Rodgers Freeway and Pearl Street in downtown Dallas. The building is located on eight acres of property adjacent to Dallas’ Arts District in the historic State–Thomas neighborhood.

As one of twelve regional Reserve Banks in the Federal Reserve System, the Dallas Fed serves the Eleventh Federal Reserve District, which consists of Texas, Northern Lousiana, and southern New Mexico

Our Mission:

Is to serve the interests of the American public by informing and influencing our nation's monetary policy, fostering financial stability and delivering quality services to the United States government and the financial institutions in our region.

Our Core Values:

Are honesty and integrity; diversity, inclusion and mutual respect; and outstanding public service.

About the Building:

Opened in September 1992, the 17-story structure has an Indiana limestone exterior. The ground floor, which contains all of the Bank’s financial operations, covers six acres, or approximately 250,000 square feet. The ground floor alone is equivalent in space to a 12-story office building.

The building was designed by three architectural firms: Kohn Pedersen Fox Associates, New York; Sikes Jennings Kelly & Brewer, Houston; and John S. Chase, FAIA, Dallas and Houston. Dallas-based Austin Commercial Inc. served as project manager and general contractor.

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Federal Reserve Bank of Dallas Reviews

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Federal Reserve Bank of Dallas President and CEO Richard W. Fisher
Richard W. Fisher
29 Ratings
  • Featured Review

    Helpful (4)

    Great place to work, wonderful benefits, and strong outlook for the future.

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Sr. Analyst in Dallas, TX
    Current Employee - Sr. Analyst in Dallas, TX

    I have been working at Federal Reserve Bank of Dallas full-time (More than 5 years)

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    I am going on 5 years with this company. My background is in consulting and I never thought I would find an organization that would make me want to stay. Their retire benefits are amazing and after seeing how so many companies are taking such things away, the FRB of Dallas continues to hold on strong. I work with a great group of people, who are committed and highly skilled. The people are accepting and willing to help.

    Cons

    Corporate culture is different from many fast-moving consulting firms. Slow to change, but undersatnd the need.


Federal Reserve Bank of Dallas Interviews

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  1.  

    Analyst Interview

    Anonymous Employee in Dallas, TX
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    I applied online. The process took 4 weeksinterviewed at Federal Reserve Bank of Dallas (Dallas, TX) in May 2015.

    Interview

    Prior to being offered an interview an analysis of a spreadsheet was required along with these deliverables: a slideshow for office managers, an executive summary, and the spreadsheet had to be formatted as an attachment for either executives or managers. The lengthy interview process consisting of several types of interviews. Started with meeting the team members and chatting about the job. Followed by a short tour, then a serious, 1 hour interview with 4 managers. A short break then another 45 interview with the hiring manager's boss. Lunch with the hiring manager, the hiring manager's boss and that boss' boss. The wrap up was a short meeting with the hiring manager setting timelines and expectations.

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Federal Reserve Bank of Dallas Awards & Accolades

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Best Employers for Latinos to Work For in the Southwest , Latinos For Hire, 2012

Additional Info

Website www.dallasfed.org
Headquarters Dallas, TX
Size 1000 to 5000 Employees
Founded 1914
Type Company - Public
Industry Finance

One of 12 regional banks in the Federal Reserve System, the Federal Reserve Bank of Dallas oversees system member banks and bank holding companies in southern New Mexico, northern Louisiana, and all of Texas. It conducts examinations and investigations of member institutions, distributes money, issues savings bonds and Treasury securities, and assists the Federal Reserve in setting monetary policy. The bank also processes checks and acts as a clearinghouse for payments between banks. Federal Reserve Banks are not-for-profit and return earnings (mostly from investments in ... More

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