What Businesses Are Saying: The Economy Kept Chugging Along

Predicting PCE Using the Richmond Fed Price Measure

The Power of Partnerships in Western North Carolina

Advancing Housing Solutions in Small Towns and Rural America

"The Rural Investment Collaborative supports rural communities in our district by equipping local leaders with the knowledge and resources to advance economic and community development projects."

Carrie Cook

Vice President and Community Affairs Officer

2026 Community Investment Training Cohort Announced

Read the full article

Who We Are and What We Do

As a regional Reserve Bank, the Richmond Fed works to strengthen the economy and the Fifth District communities we serve by helping to carry out the day-to-day operations of the Fed. Here's how we do it:

Keep Cash and Payments Flowing

We help keep the country’s electronic payment system running and make sure banks have enough cash and coin to do business.

Represent the Regional Economy

We represent our region in national monetary policy discussions that aim to keep prices and employment stable.

Engage in Our Local Communities

We listen and learn from regional voices, and we provide economic education and community development resources in support of a stronger economy for all.

Contribute Specialized Knowledge

We share our unique expertise with the Federal Reserve System, like the work we do to understand and uplift the economies of rural areas and small towns.

By the Numbers

21%

of 2025 loan fund respondents to the Richmond Fed's CDFI Survey said they have sold loans as a funding strategy. Selling loans enables financial institutions to free up capital on their balance sheet, which they can then relend.