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Annual Report


2001 Annual Report cover

Reviews the Bank's operations and includes the article entitled "The Economics of Financial Privacy"

Message from the President and First Vice President

Al Broaddus and Walter Varvel discuss the Sept. 11 terrorist attacks and the Federal Reserve’s response, as well as other challenges during 2001.

Feature Article: "The Economics of Financial Privacy"

According to the financial privacy provisions of the Gramm-Leach-Bliley Act, if a financial institution shares nonpublic customer information with third parties, it is required to give its customers an opportunity to "opt out." Privacy advocates have argued for a stricter "opt-in" provision requiring financial institutions to get explicit consent from consumers before sharing personal information about them. In his article, Jeff Lacker looks at the debate between opt-out and opt-in proponents.

Boards of Directors and Advisory Groups

Photos and listings of the Bank's directors and members of its advisory groups.


Photos and a list of Bank officers.

Financial Statements

Comparative financial statements and footnotes for 2001. Also includes Management Assertion and Report of Independent Auditors.

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