About the Omaha Branch
2201 Farnam Street
Omaha, NE 68102
The Omaha office is the oldest of the Kansas City Fed’s three Branches. We opened on September 4, 1917 in the old First National Bank building at 1219 Farnam before moving to 17th and Dodge streets in 1925. In February 1986, The Branch moved to 2201 Farnam Street.
Staff include Regional, Public and Community Affairs; Supervision and Risk Management; and support positions.
What's the Omaha Branch's focus?
Staff at the Kansas City Fed’s Omaha Branch:
- conduct research, contributing to the Kansas City Fed’s Economic Review and producing The Main Street Economist;
- supervise and regulate bank holding companies and state member banks;
- produce the Kansas City Fed’s quarterly Ag Credit Survey, which provides current indicators of the financial performance of Tenth Federal Reserve District agriculture, and the Federal Reserve System’s Agricultural Finance Databook;
- travel regionally, nationally and internationally to speak about general economic, regional and rural issues;
- host an annual national symposium on agricultural and rural issues as well as periodic roundtables with business leaders to gather grassroots economic information;
- develop programs, such as Economic Forums, for business, banking and community leaders to learn more about local and national economics;
- partner with financial organizations to study and assist unbanked and underbanked consumers;
- partner with local organizations to promote community development, asset building and financial education in the workplace;
- offer educators around Nebraska free resources and workshops to promote economic and financial literacy;
- partner with business, banking, community and government leaders to promote statewide financial literacy, such as Money Smart Nebraska Week;
- conduct free, on-site presentations for students to learn about money, the economy and the Federal Reserve.
Why does the Kansas City Fed have Branches?
The Kansas City Fed has three Branch offices in Denver, Oklahoma City and Omaha. Each is lead by a Branch executive. By having a presence througout its Federal Reserve District, the Kansas City Fed is better able to understand the unique economic makeup of our region and its role in the global economy. A large component of these offices is the study of the region and regularly published analyses, including the Ag Credit Survey and the Manufacturing Survey, as well as research that includes agriculture, banking conditions, industry, state taxes and more.
What's a Branch Executive?
Because a physical presence throughout the District is vital to understanding the region, the Kansas City Fed in 2006 created Branch executive positions. These roles are held by economists, who moved from the Kansas City office to oversee the Branch offices. They also conduct research, give public presentations and media interviews, involve themselves with area businesses and community groups, and work with their Branch’s Board of Directors. The Omaha Branch executive is Nathan Kauffman.
What does the Kansas City Fed do?
The Kansas City Fed fosters the stability, integrity and efficiency of the nation's monetary, financial and payments systems to promote a stable, healthy economy. We do this through three mission areas:
We contribute to the formulation and implementation of monetary policy that promotes financial stability and sustainable economic growth.
How do we do this? The Fed manages the nation's system of money and credit. Monetary policy influences economic growth, maximum employment rates, interest rates, prices and the value of a dollar. Research staff at the Kansas City Fed, along with the other Reserve Banks, monitors regional economic conditions to provide grassroots input at a national level, where decisions are made on the interest rates charged to financial institutions when they borrow from the Federal Reserve.
Supervision and Regulation
We provide supervisory and regulatory oversight to financial institutions in a way that fosters a sound, accessible and competitive financial system that inspires trust.
How do we do this? We supervise state chartered banks that choose to be members of the Federal Reserve System, trust companies, data processing centers that service state member banks, and bank and financial holding companies, which control one or more commercial banks. This protects you as a consumer.
We promote a safe and efficient payments system, while providing high-quality, innovative financial services to depository institutions, the U.S. Treasury and the public.
How do we do this? The Fed monitors the region's demand for currency and coin. We distribute currency and coin to banks, replace worn and damaged notes, help detect counterfeit notes, and more. The Fed also serves as a bank for the U.S. government and Treasury by issuing, servicing and redeeming securities, including savings bond and income tax refunds.