Federal Reserve Bank of Minneapolis Helena Branch
The Federal Reserve Bank of Minneapolis Helena Branch is the only branch of the Federal Reserve Bank of Minneapolis. The branch was opened on 1 Feb. 1921.[1] At the time of opening, the city had a population of 12,377 making it the smallest city to have a Federal Reserve bank or branch.[1]
The branch is located in Helena, Montana, in a 69,350-square-foot (6,443 m2) 3-level facility which sits on 4 acres.[1][2]
Current Board of Directors
The following people are on the board of directors as of 2013:[3]
Appointed by the Federal Reserve Bank
Name | Title | Term Expires |
---|---|---|
Thomas R. Swenson | President and Chief Executive Officer Bank of Montana and Bancorp of Montana Holding Company Missoula, Montana | 2013 |
Duane Kurokawa | President Western Bank of Wolf Point Wolf Point, Montana | 2014 |
Barbara Stiffarm | Executive Director Opportunity Link, Inc. Havre, Montana | 2015 |
Appointed by the Board of Governors
Name | Title | Term Expires |
---|---|---|
David B. Solberg (Chair) | Owner Seven Blackfoot Ranch Company Billings, Montana | 2014 |
Marsha Goetting | Professor and Extension Family Economics Specialist Montana State University Bozeman, Montana | 2015 |
See also
- Federal Reserve Act
- Federal Reserve System
- Federal Reserve Districts
- Federal Reserve Branches
- Federal Reserve Bank of Minneapolis
- Structure of the Federal Reserve System
References
46°35′38″N 112°02′18″W / 46.593915°N 112.038239°W / 46.593915; -112.038239
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Federal Reserve System
![](http://upload.wikimedia.org/wikipedia/commons/thumb/1/1a/Seal_of_the_United_States_Federal_Reserve_System.svg/80px-Seal_of_the_United_States_Federal_Reserve_System.svg.png)
(Antecedents)
- Aldrich–Vreeland Act (1908)
- National Monetary Commission (1909–1912)
- Federal Reserve Act (1913)
- Pittman Act (1918)
- Edge Act (1919)
- Phelan Act (1920)
- Regulation D (c. 1930)
- Emergency Banking Act (1933)
- Regulation Q (1933)
- Glass–Steagall Act (1933)
- Gold Reserve Act (1934)
- Banking Act of 1935
- Bretton Woods system (1944–1971)
- Employment Act of 1946
- U.S. Treasury Department Accord (1951)
- Bank Holding Company Act (1956)
- FOMC actions (1961–present)
- Truth in Lending Act (1968)
- Nixon shock (1971)
- Smithsonian Agreement (1971)
- Equal Credit Opportunity Act (1974)
- Home Mortgage Disclosure Act (1975)
- Community Reinvestment Act (1977)
- Federal Reserve Reform Act (1977)
- Electronic Fund Transfer Act (1978)
- Humphrey–Hawkins Full Employment Act (1978)
- International Banking Act (1978)
- DIDMC Act (1980)
- Federal Reserve v. Investment Co. Institute (1981)
- Northeast Bancorp v. Federal Reserve (1985)
- Greenspan put (1987)
- Expedited Funds Availability Act (1987)
- FIRRE Act (1989)
- FDIC Improvement Act (1991)
- Gramm–Leach–Bliley Act (1999)
- Subprime mortgage crisis responses (2007–2010)
- Emergency Economic Stabilization Act (2008)
- Unfair or Deceptive Acts or Practices (2008)
- Commercial Paper Funding Facility (2008–2010)
- Primary Dealer Credit Facility (2008–2010)
- Bloomberg v. Federal Reserve (2009)
- 2009 Supervisory Capital Assessment Program
- Term Asset-Backed Securities Loan Facility (2009–2010)
- Public–Private Investment Program for Legacy Assets (2009–)
- Dodd–Frank Act (2010; Durbin amendment)
- Commercial Paper Funding Facility (2020–2021)
- Corner Post v. Federal Reserve (2024)
- Charles S. Hamlin (1914–1916)
- William P. G. Harding (1916–1922)
- Daniel R. Crissinger (1923–1927)
- Roy A. Young (1927–1930)
- Eugene Meyer (1930–1933)
- Eugene R. Black (1933–1934)
- Marriner S. Eccles (1934–1948)
- Thomas B. McCabe (1948–1951)
- William M. Martin (1951–1970)
- Arthur F. Burns (1970–1978)
- G. William Miller (1978–1979)
- Paul Volcker (1979–1987)
- Alan Greenspan (1987–2006)
- Ben Bernanke (2006–2014)
- Janet Yellen (2014–2018)
- Jerome Powell (2018–present)
governors
(by district)
- Susan Collins (Boston)
- John Williams (New York)
- Patrick T. Harker (Philadelphia)
- Loretta J. Mester (Cleveland)
- Thomas Barkin (Richmond)
- Raphael Bostic (Atlanta)
- Austan Goolsbee (Chicago)
- Alberto Musalem (St. Louis)
- Neel Kashkari (Minneapolis)
- Jeff Schmid (Kansas City)
- Lorie Logan (Dallas)
- Mary C. Daly (San Francisco)