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Greg Armstrong of Houston reappointed chair of Dallas Fed board;
Tom Falk of Irving reappointed deputy chair

For Immediate Release: January 16, 2020

DALLAS—The Federal Reserve Board of Governors has reappointed Greg L. Armstrong as chair and Thomas J. Falk as deputy chair of the Federal Reserve Bank of Dallas board of directors for 2020.

Armstrong is co-founder and retired chairman and CEO of Houston-based Plains All American Pipeline LP. He previously served as president, CEO and director of Plains Resources.

He was appointed to the Dallas Fed board in 2015 and reappointed in 2019 for a three-year term. He served as deputy chair of the board in 2018.

Armstrong is a member of Plains All American’s and National Oilwell Varco Inc.’s board of directors, the advisory board of Cox School’s Maguire Energy Institute at Southern Methodist University, immediate past chairman of the National Petroleum Council and is an honorary lifetime board member of The Council on Recovery.

Armstrong holds a bachelor’s degree from Southeastern Oklahoma State University and is a certified public accountant (inactive).

Falk joined the Dallas Fed board in 2019 and was reappointed for a three-year term ending December 31, 2022.

Falk, a 36-year veteran of Kimberly-Clark Corporation, is retired chairman and CEO of the Irving-based company.

Falk serves on the board of Lockheed Martin, University of Wisconsin Chancellor’s Advisory Board and as a National Governor of the Boys and Girls Clubs of America. He also chaired the United Way of Metropolitan Dallas' 2013 fundraising campaign, and he and his wife, Karen, are chairing the 2019-20 campaign.

He received his bachelor's degree in accounting from the University of Wisconsin and a master of science in management from Stanford Graduate School of Business.

Each Federal Reserve Bank has a nine-member board of directors. Three members represent commercial banks, three represent the public and three are appointed by the Board of Governors in Washington, D.C.

For more information on the Dallas Fed,


Media contact:
James Hoard
Federal Reserve Bank of Dallas
Phone: (214) 922-5307