Patrick K. Barron has been first vice president and chief operating officer of the Federal Reserve Bank of Atlanta since February 1996 and is a member of the Federal Reserve System's Conference of First Vice Presidents. He oversees the day-to-day operations and administrative matters of the Atlanta Federal Reserve Bank, including all operating and support functions for financial services activities at the corporate headquarters in Atlanta and at the branch offices in Birmingham, Jacksonville, Miami, Nashville, and New Orleans. He is vice chairman of the Bank's Management Committee and a member of the Discount Committee. As the second-highest-ranking individual at the Bank, Mr. Barron works closely with the president in developing Bank policies.
Mr. Barron is the retail payments product director for the Federal Reserve System nationwide. His responsibilities in this area include the coordination of check and automated clearinghouse products and services throughout the Federal Reserve System. Further, Mr. Barron works closely with the vice chairman of the Board of Governors and key financial industry representatives in the development of strategies to improve the effectiveness of the retail payment system in the United States.
From 1991 through 1996 Mr. Barron served as first vice president of the Federal Reserve Bank of San Francisco, where his responsibilities for the Twelfth Federal Reserve District were similar to those he currently handles for the Sixth District. While in San Francisco, he was also the director of the Federal Reserve System Support Function Office.
Mr. Barron began his career with the Atlanta Fed in 1967 in the computer operations area. He transferred to the Miami Branch in 1971, was named assistant vice president in 1974, was appointed vice president and branch manager in 1982, and was promoted to senior vice president in 1987. He returned to Atlanta the following year to assume broader and more strategic responsibilities as head of corporate services, overseeing automation administration, communications, corporate planning and control, accounting, data processing, and human resources. Mr. Barron has been a member of or chaired several important System committees of the Federal Reserve nationally.
Mr. Barron graduated cum laude with a bachelor's degree in management from the University of Miami. He also completed the Harvard Business School's Program for Management Development and attended the Stonier Graduate School of Banking at Rutgers University, where his thesis was accepted for the school library.
Active in community affairs, Mr. Barron is past chairman of the Georgia Council on Economic Education. He also has been an associate vice chairman for the United Way of Atlanta and a member of Leadership Atlanta, a select group of business leaders who study the major issues confronting the greater Atlanta area. In Miami, he served as vice chairman of the Greater Miami Chamber of Commerce. He still serves on the President's Council of the University of Miami and the University of Miami Alumni Board.
Mr. Barron is married to the former Martha Morgan, who is also a native Atlantan. They have three grown children, two daughters and a son, and four grandchildren. The Barrons are members of Epiphany Lutheran Church and enjoy playing tennis as much as possible.