Federal Reserve Bank of Atlanta

The Federal Reserve Bank of Atlanta, is the sixth district of the 12 Federal Reserve Banks of the United States and is headquartered in midtown Atlanta, Georgia.
The Atlanta Fed covers the U.S. states of Alabama, Florida, and Georgia, the eastern two-thirds of Tennessee, the southern portion of Louisiana, and southern Mississippi as part of the Federal Reserve System. Along with its Atlanta headquarters, the Banks operates five branches with the sixth district, which are located in Birmingham, Jacksonville, Miami, Nashville, and New Orleans. These branches provide cash to banks, savings and loans, and other depository institutions; transfer money electronically; and clear millions of checks.
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 and Wage Growth Tracker.
The Atlanta Fed is currently led by Dr. Raphael Bostic, who was appointed in 2017 and is a member of the Federal Open Market Committee, the committee that makes key decisions about interest rates and the growth of the United States money supply.

Responsibilities and functions

The Atlanta Fed's footprint covers the southeastern U.S., including the states of Alabama, Florida, and Georgia, 74 counties in the eastern two-thirds of Tennessee, 38 parishes of southern Louisiana, and 43 counties of southern Mississippi as part of the Federal Reserve System.
The Atlanta Fed, along with the other 11 regional district banks, has three primary functions: assisting with monetary policy, operation of nationwide payment system, and administering bank supervision and regulation. Its job is to decide the interest rates, and the president meets with other bank presidents and board members. The bank's board of directors makes recommendations on the levels of discount 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 Wage Growth Tracker. The Atlanta Fed's GDPNow, which is a "nowcasting" model for gross domestic product growth that synthesizes the related GDP subcomponents with monthly source data prior to the formal GDP release by the Bureau of Economic Analysis, is widely followed by financial markets.
The Wage Growth Tracker is a measure of the nominal wage growth of individuals, using microdata from the Current Population Survey from the Bureau of Labor Statistics.

Leadership

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 and is member of the Federal Open Market Committee.

Governors and presidents

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 the Banking Act of 1935.

#	CEO	Life span	Term start	Term end
Governors	-	-	-	-
1	Joseph A. McCord	1857-1943	October 19, 1914	January 10, 1919
2	Max Wellborn	1862-1957	March 1, 1919	January 1, 1928
3	Eugene R. Black	1873-1934	January 13, 1928	May 19, 1933
-	W.S. Johns	-	May 19, 1933	August 16, 1934
4	Eugene R. Black*	1873-1934	August 16, 1934	December 19, 1934
5	Oscar Newton*	1877-1939	January 10, 1935	—
Presidents	-	-	-	-
	Oscar Newton*	1877-1939	—	February 13, 1939
6	Robert S. Parker*	1884-1941	February 18, 1939	March 28, 1941
7	William S. McLarin Jr.	1889-1960	May 9, 1941	March 1, 1951
8	Malcolm H. Bryan	1902-1967	April 1, 1951	September 30, 1965
9	Harold T. Patterson	1903-1971	October 1, 1965	January 31, 1968
10	M. Monroe Kimbrel	1903-1971	February 1, 1968	March 31, 1980
11	William F. Ford	-	August 1, 1980	October 1, 1983
12	Robert P. Forrestal	1931-2004	December 7, 1983	December 31, 1995
13	George C. "Jack" Guynn	1943-	January 1, 1996	September 30, 2006
-	Patrick K. Barron	-	October 1, 2006	February 28, 2007
14	Dennis P. Lockhart†	1947-	March 1, 2007	February 28, 2017
-	Marie C. Gooding	-	March 1, 2017	June 4, 2017
15	Raphael Bostic	1966-	June 5, 2017	Incumbent

	Denotes acting officeholder
†	Stepped down due to reaching retirement age
*	Died in office

Board of directors

The following people are on the board of directors as of 2022:

Name	Title	Term expires
Robert W. Dumas	Chairman, president, CEO AuburnBank Auburn, Alabama	2023
Abel L. Iglesias	President and CEO Professional Holding Corporation, Professional Bank Coral Gables, Florida	2025
Kessel D. Stelling Jr.	Executive chair Synovus Financial Corporation Columbus, Georgia	2024

Name	Title	Term expires
John W. Garratt	Executive VP, CFO Dollar General Goodlettsville, Tennessee	2024
Michael Russell	CEO H.J. Russell & Company Atlanta, Georgia	2025
Nicole B. Thomas	Hospital president Baptist Medical Center Jacksonville Jacksonville, Florida	2023

Name	Title	Term expires
Elizabeth A. Smith	Former executive chair Bloomin' Brands Inc. St. Petersburg, Florida	2023
Claire Lewis Arnold	CEO Leapfrog Services Inc. Atlanta, Georgia	2025
Gregory A. Haile	President Broward College Fort Lauderdale, Florida	2024

All terms expire on December 31.

Headquarters

Since 2001, the Atlanta Fed has been located at 1000 Peachtree Street NE in Midtown Atlanta. Prior to 2001, the bank was located in downtown Atlanta at 104 Marietta Street NW, which is now the home of the State Bar of Georgia.
The bank hosts the Atlanta Monetary Museum at its building.