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The East Texan

Economics and Finance Society takes a trip to the Federal Reserve Bank of Dallas

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The Economics and Finance Society of Texas A&M-Commerce organized a trip on October 2, 2014 for its members to the Federal Reserve Bank of Dallas. There are only twelve Federal Reserve Banks in the country and Texas is privileged to have one of these reserves.

Led by Dr. Al Gormus, the Economics and Finance Society’s Faculty Advisor, we arrived at the Reserve at 1 p.m. and were taken through the various operations in the building.

Members were educated on the 125 year history of the Reserve and its key functional roles in the U.S financial economy, as well as the other eleven setups of the Reserve. We were also educated on how the U.S dollar is printed, circulated, and shredded.

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Economics and Finance Society takes a trip to the Federal Reserve Bank of Dallas