What We Do

Fifth District Map

Our job is to serve the American public — to serve you. And our mission is to foster economic stability and strength. 

Part of Our Nation's Central Bank

We’re one of 12 regional Reserve Banks working together with the Board of Governors to support a healthy economy. We serve the public and communities in the Fifth Federal Reserve District, including the Carolinas, Maryland, Virginia, most of West Virginia and our nation’s capital.

Our job is to serve the American public — to serve you. And our mission is to foster economic stability and strength. We have three key focus areas that touch your life in some way:

First, we help the economy by promoting stable prices, employment and moderate interest rates. We also work to keep inflation in check so the average price you pay for goods and services is more stable and predictable.

Second, we ensure our financial system is operating safely and effectively by working with financial institutions to make sure they are financially healthy, have fair and equitable deposit and lending practices, and are meeting the needs of their customers. We’re also responsible for supplying them with cash and making sure it’s fit for circulation.

We also provide a secure and efficient method to transfer your funds through our financial system so you can be confident that the checks you write and the electronic bills you pay make it quickly and safely from point A to point B.

Third, we connect with our District’s community and business leaders to better understand local economic conditions and share those perspectives with our nation’s monetary and financial policymakers. And we help connect low- and moderate-income community members with tools and information to address development and credit issues, and engage with partners to understand and address the issues facing our communities.

In addition to sharing our economic research, data and resources, all of which are free, we educate about how the economy works through interactive exhibits, such as The Fed Experience, financial literacy programs and training for teachers.

History of the Richmond Fed

The Richmond Fed was organized in May 1914, following the enactment of the Federal Reserve Act in December 1913 and after the completion of a process to select host cities for Reserve Banks.

Contact Us

Corporate Communications
(804) 697-8000