Federal Reserve Bank of Minneapolis

Federal Reserve Bank Of Minneapolis

Federal Reserve Bank of Minneapolis

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Description:
The Federal Reserve Bank of Minneapolis, located in Minneapolis, Minnesota, in the United States, covers the 9th District of the Federal Reserve, including Minnesota, Montana, North and South Dakota, northwestern Wisconsin, and the Upper Peninsula of Michigan. Although its geographical territory is the third largest in the Federal Reserve system, it serves a population base of only 8,349,261 (2000 census), the smallest in the system. It has one branch in Helena, Montana. Narayana Kocherlakota became president and chief executive officer on Oct. 8, 2009 (Gary H. Stern was the previous president).The Minneapolis Fed has strong ties to the economics department at the University of Minnesota. Nobel laureate economist Edward Prescott was affiliated with both institutions for a long time. The Bank publishes The Region, a magazine featuring articles about economic policy and interviews with famous economists.

Current Board of Directors

The following people are on the board of directors as of 2011:

Class A (elected by member banks to represent member banks)



Class B (elected by member banks to represent the public)



Class C (appointed by the Board of Governors to represent the public)



Bank buildings

Three buildings have served as headquarters for the district, all within a few blocks of each other.

1915-1973

The first was designed by Cass Gilbert and completed in 1915. It was unusual in that there were no windows on the lower walls close to...
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