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About Us
We’re one of 12 regional Federal Reserve Banks working together with the Board of Governors to support a healthy economy. Our job is to serve the American public — to serve you. And our mission is to foster economic stability and strength.

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We conduct research to support policymaking and thought leadership on issues important to the Federal Reserve and the Fifth District. We also inform the public through our data and economic analysis, publications, presentations and educational resources.

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Banking & Supervision
We help ensure our financial system is operating safely and effectively, and we help support secure and efficient methods to transfer your funds through our financial system.
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We work with teachers, students and the public to enhance understanding of economics, personal finance and the Federal Reserve.

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Community Development
We work with community partners to identify and address economic challenges and opportunities in low- and moderate-income communities in the Fifth District.

Procurement Functions

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The Federal Reserve Bank of Richmond conducts procurements through local, national and information technology procurement functions, resulting in the best overall value in goods and services for the Bank.

Local Procurement

Our local procurement function facilitates the acquisition of goods and services necessary for the daily operation of the Bank, including its branches in Baltimore and Charlotte, and for the successful completion of its strategic initiatives.

National Procurement

The Federal Reserve Bank of Richmond, along with the other 11 Reserve Banks in the Federal Reserve System, is supported by the National Procurement Office (NPO). The NPO is a procurement function within the Bank that develops and executes national contracts for certain goods and services that, when sourced collectively, provide the best value for multiple Reserve Banks.

Information Technology Procurement

Federal Reserve Information Technology (FRIT) is a national IT service provider within the Bank that provides operational and project services, enterprise IT architecture and standards services, and enterprise information security policy and assurance services throughout the Federal Reserve System. Its procurement function provides sources of supply for goods and services that meet FRIT's information technology standards.

Policy of Nondiscrimination in Contracting

The Bank does not discriminate on the basis of race, sex, color, religion, national origin, gender identity or expression, sexual orientation, age, genetic information, or disability in the solicitation, award or administration of contracts.

Dodd-Frank Act

The Bank complies with Section 342 of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 in ensuring the fair inclusion of minority-owned and women-owned businesses in procurement.

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Procurement Services