Company Profile
Company Overview
The Federal Reserve Bank of Atlanta is part of the central bank of the United States. The Federal Reserve System—the Fed, as it is often called—consists of twelve Reserve Banks located around the country and the Board of Governors in Washington, D.C.
The Atlanta Fed territory covers the Sixth Federal Reserve District, which includes Alabama, Florida, and Georgia, and portions of Louisiana, Mississippi, and Tennessee.
The Atlanta Fed has branch offices in Birmingham, Jacksonville, Miami, Nashville, and New Orleans.
At the Federal Reserve Bank of Atlanta, we embrace diversity and inclusion as essential to who we are. We rely on the unique individual talents, expertise, and valued perspectives of our employees as well as those of external stakeholders to carry out our mission as part of the nation's central bank.
The Atlanta Fed and the other Reserve Banks play an important part in all three of the Fed's functions: monetary policy, bank supervision and regulation, and the operation of a nationwide payment system.
In its monetary policy role, the Bank seeks to keep prices stable and economic growth at its maximum sustainable rate. The Bank president plays a role in deciding the direction of interest rates and meets with the other Bank presidents and the seven governors at the Board every six weeks at the Federal Open Market Committee meeting. The Bank's Board of Directors—drawn from the business community, banks, and labor and consumer organizations—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 Atlanta Fed's Supervision and Regulation staff seek to promote the safety and soundness of the banking system, foster stability in financial markets, ensure compliance with applicable laws and regulations, and encourage banking institutions to responsibly meet the financial needs of their communities.
Through its six branch offices, the Atlanta Fed provides cash to banks, savings and loans, and other depository institutions; transfers money electronically through the Fedwire® funds transfer system and automated clearinghouse; and clears millions of checks every day.
The Bank's research and expertise are shared with the public in various ways—in publications, speeches, participation in public policy organizations like task forces on local infrastructure and commissions on state tax reforms, and sponsorship of conferences on current policy issues. Through these various educational outreach activities the Bank reflects its grassroots ties to the Southeast. These ties, in turn, help make the Fed—a decentralized central bank and public policy institution—the successful organization it has been over the past century.
Benefits
Atlanta Fed Benefits
In addition to benefits offered to all employees of the Federal Reserve System Adobe PDF file format, Atlanta Fed employees have benefits specific to our District. These include:
Medical/dental plans
Atlanta Fed staff can participate in one of four medical plans and one of three dental plans. Eligibility begins the first of the month following date of hire. All medical plan premium deductions are taken on a pretax basis. Bank staff can contribute to a flexible spending account. Accounts use pretax dollars to pay for expenses like child care, medical/dental deductibles and copayments, and eligible health, dental, and vision expenses not otherwise covered under health or dental benefits plans.
Bank staff can contribute to a flexible spending account. Accounts use pretax dollars to pay for expenses like child care, medical/dental deductibles and copayments, and eligible health, dental, and vision expenses not otherwise covered under health or dental benefits plans.
Adoption
The Bank's Adoption Assistance Plan will reimburse employees up to a maximum of $5,000 for certain expenses incurred in conjunction with the adoption of a child. All regular full-time employees who have completed one year of service are eligible for this benefit.
Domestic Partner Coverage
Qualified domestic partners are covered under medical, dental, and vision insurance; personal accident and group life insurance; and family, medical, and bereavement leave. To qualify for this benefit, employees must complete a declaration of domestic partnership.
Employees receive 10 paid holidays each year. They are:
New Year's Day
Martin Luther King Day
Presidents Day
Memorial Day
Independence Day
Labor Day
Columbus Day
Veterans Day
Thanksgiving Day
Christmas Day
Paid Time Off (PTO)
The program covers compensated time off that is in addition to time afforded for bereavement, military duty, jury duty, holidays, and extended absences due to illness.
Nonexempt staff earn one and a half days per month up to a maximum of 17 days their first year of service. Exempt staff earn two days per month up to a maximum of 20 days their first year of service. PTO may not be taken until it is earned.
Education assistance
The Bank provides reimbursement to employees for approved educational expenses. The benefit pays for individual classes, certificate programs, and undergraduate or graduate degree programs when a C or higher grade is earned. Classes must be held at accredited institutions during nonworking hours.
Parking/transit benefits
Free parking is available in the Bank garage for all officers and other employees on a seniority basis. On evening and weekends, parking is available to all employees on a first-come, first-served basis.
For those employees using mass transportation to commute to work, the Bank offers a subsidy program that pays 100 percent of an employee's mass transit cost up to the IRS’s allowable maximum of $120.
Wellness programs/fitness center
Wellness programs are available onsite on at the Bank. The Atlanta office has a very well-appointed gym where fitness classes are offered.
Cafeteria subsidy
The Bank subsidizes a significant portion of cafeteria operating costs. Food options are available at what is generally a lower cost compared with options outside of the Bank.
Employee Assistance Program (EAP)
EAP is administered by a party not affiliated with the Bank and is available to all employees and their household members. Any use of the service is strictly confidential and is prepaid by the Bank. Support is provided for, as examples, challenges with domestic, emotional, or financial hardship or issues with chemical dependency.