Federal Reserve Bank of Atlanta
Dennis P. Lockhart took office March 1, 2007, as the 14th president and chief executive officer of the Federal Reserve Bank of Atlanta. In this role, Lockhart is responsible for all the Bank’s activities, including monetary policy, bank supervision and regulation, and payment services. In addition, he serves on the Federal Reserve’s chief monetary policy body, the Federal Open Market Committee (FOMC).
From 2003 to 2007, Lockhart served on the faculty of Georgetown University’s School of Foreign Service. He also was an adjunct professor at Johns Hopkins University’s School of Advanced International Studies.
From 2002 to 2007, he served as chairman of the Small Enterprise Assistance Funds, a sponsor and operator of emerging markets venture capital and private equity funds. From 2001 to 2003, Lockhart was managing partner at the private equity firm Zephyr Management LP, based in New York with activity in Africa and Latin America.
Prior to joining Zephyr, Lockhart worked for 13 years at Heller Financial, where he served as president of Heller International Group, which had activities in commercial finance and investment in Europe, Latin America, and Asia. In 2000, he served as chairman of the advisory committee of the U.S. Export-Import Bank.
From 1971 to 1988, Lockhart held various positions, both international and domestic, with Citicorp/Citibank (now Citigroup). Early in his career with Citibank, he worked in Lebanon, Saudi Arabia, Greece, and Iran. From 1978 to 1986, he served in Atlanta as Citicorp’s senior corporate officer and head of corporate banking for the Southeast. From 1987 to 1988, he headed the firm’s Latin American debt-to-equity swap investment program, designed to restructure sovereign debt.
Lockhart serves as a director of the Metro Atlanta Chamber of Commerce and the Commerce Club and is past chair of the World Affairs Council of Atlanta, the Midtown Alliance, and the Carter Center’s Board of Councilors. He is a trustee of the Georgia Research Alliance and serves on the advisory board of the Andrew Young School of Policy Studies at Georgia State University.
Lockhart was born in 1947 in Bakersfield, California. He earned a bachelor of arts in political science and economics from Stanford University in 1968 and a master’s in international economics and American foreign policy from the Johns Hopkins University School of Advanced International Studies in 1971. He also attended the Senior Executive Program at MIT, Sloan School of Management, in 1994. In 2012, he was awarded an honorary doctoral degree by Georgia State University. He served as an officer in the U.S. Marine Corps Reserve from 1968 to 1974.
The Federal Reserve Bank of Atlanta serves the Sixth Federal Reserve District, which covers Alabama, Florida, and Georgia, and parts of Louisiana, Mississippi, and Tennessee. The Bank has branches in Birmingham, Jacksonville, Miami, Nashville, and New Orleans.