The Federal Reserve Bank of Richmond Baltimore Branch Office is one of the two Federal Reserve Bank of Richmond branch offices. The Federal Reserve Bank of Richmond's Baltimore Branch is an operational and regional center for Maryland, the metropolitan Washington D.C. area, Northern Virginia, and northeastern West Virginia. The Baltimore branch is part of the Fifth District and has the code E5. It supports Check 21 operations, supplies coin and currency to financial institutions and works to maintain stability in the financial sector throughout the Fifth District and also works with local elected officials and non-profit organizations to support fair housing initiatives throughout the Fifth District.[1] The Baltimore branch was founded in March 1918[2] and is currently headed by William R. Roberts.[3]
Each branch of the Federal Reserve Banks has a board of either seven or five directors, a majority of whom are appointed by the parent Federal Reserve Bank; the others are appointed by the Board of Governors. Branch directors serve staggered three-year terms (two-year terms if the Branch has five directors). One of the members appointed by the Federal Reserve Board is designated annually as chairman of the board of that Branch in a manner prescribed by the parent Federal Reserve Bank.[4] The Baltimore branch currently allows private and educational tours of up to thirty people with reservations.[2][5] Cell phones and cameras are not permitted inside the building.[1] The Federal Reserve Bank of Richmond Baltimore Branch Office sponsors the annual Fed Challenge to encourage better understanding of the nation's central bank and the forces influencing economic conditions in the United States and abroad.[6] In 1997, the Federal Reserve Bank of Richmond- Baltimore Branch won the silver U.S. Senate Productivity and Maryland Quality Award.[7] In 2008, Dorothy Voorhees received the Federal Reserve Bank of Richmond Baltimore Branch 2008 Excellence Award for outstanding achievement in the study of economics.[8]
- ^ a b "Locations>Baltimore Office". The Federal Reserve. Federal Reserve Bank of Richmond. Retrieved 2009-02-19.
- ^ a b Cite error: The named reference
federalfaqwas invoked but never defined (see the help page). - ^ "Directors of Federal Reserve Banks and Branches". The Federal Reserve. The Federal Reserve Board. February 5, 2009. Archived from the original on June 4, 2010. Retrieved 2009-02-19.
- ^ "About the Directors of Federal Reserve Banks and Branches". The Federal Reserve Board. February 7, 2008. Retrieved 2009-02-20.
- ^ "Education". Federal Reserve Bank of Richmond. Archived from the original on 2009-02-21. Retrieved 2009-02-20.
- ^ "Severn School Wins Baltimore's High School Fed Challenge 2007". Press Releases>Education. The Federal Reserve Bank of Richmond. March 8, 2007. Archived from the original on August 23, 2009. Retrieved 2009-02-24.
- ^ "1997 U.S. Senate Productivity and Maryland Quality Awards". MPEA: Awards. Maryland Technology Enterprise Institute (MTECH) A. James Clark School of Engineering Glenn L. Martin Institute of Technology University of Maryland, College Park, MD 20742. 2004. Archived from the original on September 5, 2008. Retrieved 2009-02-20.
- ^ "Dorothy Voorhees receives the Federal Reserve Bank 2008 Excellence Award". Department of Economics. Georgetown University Department of Economics Box 571036. 2008. Archived from the original on December 23, 2008. Retrieved 2009-02-20.