Established in 1914, Federal Reserve Bank of Dallas administers credit and monetary policies for commercial banks and depository institutions. The bank specializes in cash dispensing, funds transferring, and accepting and safeguarding of deposits. It offers various services for the United States treasury, which includes clearance of treasury checks and issuance of treasury securities. The bank undertakes check processing, electronic debit and credit transfer, safekeeping of gold, and buying and selling of foreign currencies. The bank also provides account maintenance services for foreign institutions and international organizations. In addition, its Web site provides finance industry reports and online references. Federal Reserve Bank of Dallas is located in Houston.