Working at Federal Reserve Bank of Dallas | Glassdoor

Federal Reserve Bank of Dallas Overview

Dallas, TX
1001 to 5000 employees
1914
Company - Public
Banks & Credit Unions
Unknown / Non-Applicable
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 ... Read more

Mission: 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 ... Read more

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Federal Reserve Bank of Dallas – Why Work For Us?


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 Louisiana and southern New Mexico. We’ve developed this Web site to help you gather information about the role the Dallas Fed plays in maintaining the economic vitality and financial stability of this region.

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.

Detailed driving directions and a map to the Dallas Fed are available online.

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.

The Art Collection

The Dallas Fed’s art collection comprises contemporary works, including sculpture, oil and acrylic paintings, photographs, lithographs, collages, pen and ink drawings and a sound sculpture. The collection represents a diverse group of artists from Texas, Louisiana and New Mexico whose expressions reflect the Eleventh District’s historical and cultural diversity.

                                                             

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.

See all of our current job openings here.




Considering a position with any organization means taking into account more than just your salary. Benefits are a crucial part of and a substantial supplement to your earnings. The Bank's salaries are competitive with those of comparable employers in the local area. The Bank's pay-for-performance philosophy is designed to recognize and reward employees' individual and group performance. In addition to Federal Reserve Benefits, Dallas Fed employees have benefits specific to our District. 

Education Reimbursement Program

The Bank has a long-standing tradition of encouraging its staff members to continue their education. After three months of service, employees are eligible to participate in the Education Reimbursement Program. The program provides 100 percent reimbursement of tuition and certain eligible expenses (after the employee meets certain criteria), based on the tuition rate at local state-supported colleges. Our in-house training unit also provides a wide range of classes—from management skills to PC training.

Vacation and Holidays

All full-time and part-time employees are immediately eligible for vacation time, which is determined by the date of employment. Part-time employees earn vacation and holidays on a prorated basis. Exempt-level staff earn 15 days per year, while nonexempt staff earn 10 days per year. Employees gain additional days of vacation with service, up to a maximum of 23 days per year. In addition to vacation, employees receive 10 paid holidays per year and one personal day after one year of employment.

Parking and Commuting

All employees have the choice of parking in the Bank's secured parking area or using public transportation, which is subsidized by the Bank. Subsidized bus passes are a tax-free benefit.

Wellness Center

The Bank encourages employees to take an active role in their health and well-being. The Bank offers an exercise facility with cardio/aerobic and weight-training equipment. The facility is open 24 hours a day, seven days a week and can be accessed for a minimal monthly cost, depending on location.

Cafeteria: The Bank maintains a full-service cafeteria.

Perfect Attendance Incentive: Nonexempt employees are eligible to receive an incentive day of paid leave if they have perfect attendance for an entire calendar year.

Employee Assistance Program (EAP)

The Bank's EAP is a confidential, third-party service that provides professional diagnostic and referral and short-term professional counseling to help deal with personal problems. This program is available to you and your eligible family members.

Work–Life

The Bank recognizes that many employees face the challenge of balancing career, family and personal responsibilities. To help address these needs, the Bank administers a series of policies that provide a fair measure of flexibility. The Bank's EAP offers services regarding personal finances, elder/child care, adoption, academic programs, legal services and balancing work/life—to name a few. In some instances, flexible work schedules are available.

On-Site Perks

Flu vaccinations, massage therapy, mammogram check-ups, gift shop, business casual attire, credit union and a smoke-free workplace.

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.

Do you want to get a head start on your career? Consider an internship with the Federal Reserve Bank of Dallas. We have a wide variety of opportunities that allow you to apply what you have learned in school to real world situations, working alongside some of the top professionals in the business.

The Federal Reserve is the central bank of the United States—one of the world's most influential, trusted and prestigious financial organizations. The Federal Reserve is charged with the important mission of promoting a strong economy and a stable financial system while also formulating national monetary policy, supervising financial institutions and holding companies and providing services for financial institutions and the U.S. government.

Our people bring a diversity of backgrounds and ideas, which allow for creativity and innovation. They push forward our high-performance, exchange-driven culture.

We urge you to consider the Federal Reserve Bank of Dallas when you begin your internship search.

 

Program Details

We offer a variety of summer, spring and fall internship programs for university students and recent graduates as business needs dictate in our Dallas, El Paso, Houston and San Antonio offices.

In addition to acquiring on-the-job experience, summer interns interact with Bank President Rob Kaplan in a question-and-answer session, participate in a field trip to the Bureau of Engraving and Printing in Fort Worth and have access to career counseling and guidance.

During the assignment, interns may take advantage of in-house training courses and enjoy the subsidized full-service on-site cafeteria, free secured parking, subsidized bus passes and the exercise facility, with cardio/aerobic and weight-training equipment for a minimal monthly cost.

Job postings for summer internships will appear in the spring of each year. Available jobs are posted in Current Job Openings and on the Federal Reserve Bank Careers Facebook page.

Most internships are paid temporary positions, but we also may offer unpaid internships for those who seek college credits. Interns may return the following year for another assignment or be hired into a regular full-time position.

Assignments range from six to 12 weeks; standard work hours are 8 a.m.–5 p.m. Monday through Friday. That leaves your weekends and evenings free.

What types of internships are available? Here are a few examples of past internship opportunities:

  • Human Resources (HR) Analyst 
    Review HR processes and documents for compliance efficiency and effectiveness. Prepare project documentation and recommendations.
  • Auditor 
    Assist in conducting financial, compliance, operational and automation audits. Also assist in the development of audit recommendations and reports.
  • Information Technology—Network Services/Network/Telecom Analyst 
    Merge and develop new processes that will assist the network and telecom groups in managing the District SIO (standard information outlet).
  • Financial Management—Lawson Centralized Business Administration Function 
    Translate high-level business requirements into detailed function specifications and manage requests for changes to the specifications. Also assist in determining which business requirements can and should be automated and how these automated functions are integrated into the rest of the business and technical processes.
  • Banking Supervision—NIC (National Information Center) Unit 
    Ensure the data submitted by bank holding companies for the Annual Report of Bank Holding Companies are complete and accurate by using appropriate resources. Assess additional regulatory reporting as required.
  • Financial Management—Risk Management 
    Assist in business process redesign and documentation as needed for new technology. Negotiate agreements and commitments by facilitating communication between business units and IT (Information Technology), from initial requirements to final implementation.
  • Public Affairs—Community Affairs 
    Analyze and interpret the impact of current economic developments and trends on low- and moderate-income populations and communities, with a focus on issues occurring within the Dallas Federal Reserve District. This internship is offered to a graduate or undergraduate student majoring in or studying economics.
  • Research—Research Library 
    Support and assist on projects to digitize and preserve the history of the Dallas District. Many of the projects involve gathering detail to support special projects; digitizing, cataloging and posting pre-Internet Bank publications (currently only available in hard copy); writing copy from historical information and articles for posting to the Historical Library's intranet site; and working with staff on possible audio/video recordings of oral histories supplied by past and current officers and staff.
 

What our interns had to say:

  • "My internship far exceeded my expectations."
  • "I was given a great deal of autonomy, with periodic check-ins. It was just right."
  • "I wasn't quite sure what to expect in the beginning, but I learned far more than I imagined I would learn."
  • "I learned how to improve my time-management skills."
  • "This internship put the practicality in what I've been taught in books at school."
  • "I was expecting to meet experts in my field, and I did."

We seek interns with the following skills:

  • Problem solving
  • Teamwork
  • Good judgment
  • Strong interpersonal, written and oral communication
  • Presentation
  • Organizational
  • Analytical thinking
  • Decisionmaking
  • Computer—Microsoft Office Suite

Federal Reserve Bank of Dallas Reviews

4.3
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Federal Reserve Bank of Dallas President Robert Steven Kaplan
Robert Steven Kaplan
31 Ratings
  • Featured Review

    "Positive experience due to management transparency, work/life balance and heavy investment in training."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Business Systems Analyst I in Dallas, TX
    Current Employee - Business Systems Analyst I in Dallas, TX
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    My work is valued and I'm constantly reminded of it.

    Cons

    Being a risk averse organization, pace of innovation is understandably slower than the private sector.

    Advice to Management

    Pick up the pace of innovation a notch.

See All 111 Reviews

Federal Reserve Bank of Dallas Photos

Federal Reserve Bank of Dallas photo of: UTEP Students
Federal Reserve Bank of Dallas photo of: Dameka Redic speaks to students at UTEP Recruiting Event
Federal Reserve Bank of Dallas photo of: Recrruiting Summer Interns at UTD
Federal Reserve Bank of Dallas photo of: Recrruiting Summer Interns at UTD
Federal Reserve Bank of Dallas photo of: Celebrating 30 years at the Dallas Fed
Federal Reserve Bank of Dallas photo of: Recruiting Event at St. Edwards University
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Federal Reserve Bank of Dallas Interviews

Experience

Experience
66%
14%
18%

Getting an Interview

Getting an Interview
70%
7%
7%
7
7

Difficulty

3.1
Average

Difficulty

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  1.  

    Facilities Project Manager II Interview

    Anonymous Employee in Dallas, TX
    Accepted Offer
    Positive Experience
    Average Interview

    Application

    I applied online. The process took 5 weeks. I interviewed at Federal Reserve Bank of Dallas (Dallas, TX) in October 2017.

    Interview

    The process began with a phone screen interview with HR. Afterwards, I had to go the the FRB of Dallas on two separate days (7 days apart) as one of the managers was away on vacation. Arrived 20 minutes early each visit to allow time to clear security.

    The first interview was with the hiring manager and the second with the hiring managers manager.

    Interview Questions

See All 27 Interviews

Federal Reserve Bank of Dallas Awards & Accolades

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

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