Federal Reserve Bank of Atlanta

Federal Reserve Seal
Headquarters
Headquarters	1000Peachtree St NE Atlanta, Georgia, U.S.
Established	May 18, 1914 (111 years ago) (1914-05-18)
President	Raphael Bostic
Central bank of	Sixth District Alabama Florida Georgia Parts of: Louisiana Mississippi Tennessee
Website	www.atlantafed.org
The Federal Reserve Bank of Atlanta is one of 12regional banks that make up theFederal Reserve System

TheFederal Reserve Bank of Atlanta (informally theAtlanta Fed and theBank), is the sixth district of the 12Federal Reserve Banks of the United States and is headquartered inmidtownAtlanta, Georgia.

The Atlanta Fed covers the U.S. states ofAlabama,Florida, andGeorgia, the eastern two-thirds ofTennessee, the southern portion ofLouisiana, and southernMississippi as part of theFederal Reserve System.^[1] Along with its Atlanta headquarters, the Banks operates five branches with the sixth district, which are located inBirmingham,Jacksonville,Miami,Nashville, andNew Orleans. These branches provide cash tobanks,savings and loans, and other depository institutions;transfer money electronically; andclear millions ofchecks.^[2]

In addition to supporting the U.S. financial system, the Atlanta Fed carries out the supervision and regulation of the banks operating within the sixth district. It also is a source of research and expertise for public and private decision makers within the district. In recent years, researchers within the Atlanta Fed have innovated new tools to gauge the health of the macro U.S. economy, the two most notable are GDPNow^[3] and Wage Growth Tracker.^[4]

The Atlanta Fed is currently led byDr. Raphael Bostic, who was appointed in 2017^[5] and is a member of theFederal Open Market Committee (FOMC), the committee that makes key decisions about interest rates and the growth of the United States money supply.

The Atlanta Fed's footprint covers the southeastern U.S., including the states ofAlabama,Florida, andGeorgia, 74 counties in the eastern two-thirds ofTennessee, 38 parishes of southernLouisiana, and 43 counties of southernMississippi as part of theFederal Reserve System.^[1]

The Atlanta Fed, along with the other 11 regional district banks, has three primary functions: assisting withmonetary policy, operation of nationwidepayment system, and administeringbank supervision and regulation.^[6] Its job is to decide theinterest rates, and the president meets with other bank presidents and board members. The bank'sboard of directors makes recommendations on the levels ofdiscount rates.

Secondarily, the Atlanta Fed is a source of research and expertise for public and private decision makers within the district. Researchers within the Atlanta Fed have innovated new tools to gauge the health of the macro U.S. economy, the two most notable are GDPNow^[7] Wage Growth Tracker.^[4] The Atlanta Fed's GDPNow, which is a "nowcasting" model for gross domestic product (GDP) growth that synthesizes the related GDP subcomponents with monthly source data prior to the formal GDP release by theBureau of Economic Analysis, is widely followed^[8] by financial markets.The Wage Growth Tracker is a measure of the nominal wage growth of individuals, using microdata from theCurrent Population Survey (CPS) from theBureau of Labor Statistics.

The bank is governed by a board of directors, which is drawn from the sixth district's business community, banks, and labor and consumer organizations, and makes recommendations every two weeks on the level of the discount rate, which is the rate at which the bank lends to commercial banks.

The bank's staff is led by Dr. Raphael Bostic, who was appointed in 2017^[5] and is member of the Federal Open Market Committee (FOMC).

With the appointment of President Bostic in 2017, there have been 15 chief executive officers of the Atlanta Fed. The title of Reserve Bank chief executive officer was changed to president by theBanking Act of 1935.^[9]

The following people are on the board of directors as of September 2022^[update]:^[10][11]

All terms expire on December 31.^[11]

Since 2001, the Atlanta Fed has been located at 1000Peachtree Street NE inMidtown Atlanta. Prior to 2001, the bank was located indowntown Atlanta at 104Marietta Street NW, which is now the home of theState Bar of Georgia.

The bank hosts theAtlanta Monetary Museum at its building.

• Federal Reserve Bank of Atlanta Birmingham Branch Office
• Federal Reserve Bank of Atlanta Jacksonville Branch Office
• Federal Reserve Bank of Atlanta Miami Branch Office
• Federal Reserve Bank of Atlanta New Orleans Branch Office
• Federal Reserve Bank of Atlanta Nashville Branch Office

• Federal Reserve Act
• Federal Reserve Bank
• Federal Reserve Branches
• Federal Reserve Districts
• Federal Reserve System
• Structure of the Federal Reserve System

Wikimedia Commons has media related toFederal Reserve Bank of Atlanta.

• Federal Reserve Bank of Atlanta
• Federal Reserve Bank PresidentsArchived August 28, 2013, at theWayback Machine
• Historical resources by and about the Federal Reserve Bank of Atlanta including annual reports back to 1915

33°46′57″N84°23′7″W / 33.78250°N 84.38528°W /33.78250; -84.38528 (Federal Reserve Bank of Atlanta)

• Federal Reserve Banks
• Economy of the Southeastern United States
• Robert A. M. Stern buildings
• New Classical architecture in the United States

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