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Dallas Fed Reappoints Marc Watts to Houston Branch Board

For immediate release: December 9, 2014

DALLAS—The Federal Reserve Bank of Dallas has reappointed Marc Watts to its Houston Branch board of directors for a full three-year term beginning Jan. 1, 2015.

He joined the board in 2014, filling an unexpired term.

Watts is president of Houston-based The Friedkin Group, Inc., an umbrella company overseeing business interests that are principally automotive related, including Gulf States Toyota, Inc.

As a board member, Watts will continue to provide input into regional economic conditions as part of the Federal Reserve’s monetary policy functions.

Watts serves on the boards of Service Corporation International and Highland Resources, Inc., Greater Houston Partnership, YMCA of Greater Houston and United Way of Greater Houston, chairing the 2014-2015 annual campaign.

He also is on the executive committee for the Society for the Performing Arts.

Watts is a graduate of Texas A&M University and Harvard Law School.

The Houston Branch board consists of seven members, four appointed by the Dallas Fed and three by the Federal Reserve Board of Governors in Washington, D.C.

For more information on the Dallas Fed, visit


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