Federal Reserve Bank of Richmond

Federal Reserve Bank of Richmond

Community Investment Training 2027 Cohort Applications Now Open

Defining the Dimensions of Success: New Data on Community College Outcomes

How Remote Work Reshaped Commuting Across the Fifth District

"One of the most powerful things that we can do with these business surveys is to look over time. We have firms that are on the cutting edge of investing and implementing this technology. We can use these questions over time to understand how the landscape is evolving."

Sonya Ravindranath Waddell

Vice President and Economist

Speaking of the Economy Podcast, What CFOs Say About AI Adoption, May 20, 2026

Listen to the episode >

Events Calendar

June 24, 2026

2026 State of Small Business Symposium

1 p.m. – 1:15 p.m. ET

Federal Reserve Bank of Cleveland
Cleveland, OH

June 24, 2026

Investing in Rural America Webinar Series: Economic Development in Rural Communities

2 p.m. – 3 p.m.

Virtual

June 25, 2026

Place-Based Strategies: Strengthening Rural Economies Through Investment

3 p.m. – 4:30 p.m.

Virtual

View More Events

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:

Help Keep Banks Safe and Sound

We help make sure banks in our district follow applicable laws and regulations.

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

65.4%

of firms who participated in the May 2026 Regional Surveys of Business Activity said they plan to increase the prices they charge their customers over the next 12 months.

See more from the May surveys >