Who We Are & What We Do

Our Work

We often say that our work at the Richmond Fed impacts everyday people every day. For example, we play a role in ensuring ATMs and banks have the cash you need, when you need it. We also work to promote stable prices in the U.S. — so you can better plan for your major financial decisions — and offer programs and resources to help you learn about personal finance and how the economy works. And that’s just to name a few!

Learn more about who we are and what we do!

We’re Part of Our Nation’s Central Bank

Formed in 1913 by the Federal Reserve Act, the Federal Reserve System is comprised of 12 regional Reserve Banks across the country, including the Richmond Fed, and the national Board of Governors in Washington, D.C. To learn more about the Federal Reserve System, visit www.federalreserve.org.

We’re Driven by Our Mission

At the Richmond Fed, we’re driven by our public service mission to strengthen the economy and our communities within the Fifth District, which includes the Carolinas, Maryland, Virginia, most of West Virginia and Washington, D.C.

We do this in a variety of ways, including:

• Promoting stable prices, employment and moderate interest rates through monetary policy;
• Ensuring our nation’s financial system is safe and sound and providing a secure and efficient way to transfer funds electronically; and
• Connecting with our District’s community and business leaders to better understand local economic conditions and address issues facing our communities.

We’re the Proud Home to the Fed’s IT Organization

The Richmond Fed also is the proud home of the Federal Reserve’s System IT organization — a nationwide team delivering technology solutions and support across the Federal Reserve System. These National IT employees are primarily located in Richmond, with others across the U.S. at other Federal Reserve Bank locations.

Our People

Our diverse team is more than 2,700 employees strong. We bring integrity and passion to our work every day. And, while what we do is serious, our workplace is more casual — from the way we dress to the activities we share. It’s a friendly, inclusive place to be.

We’re led by President Tom Barkin, First Vice President Becky Bareford, System Chief Information Officer Ghada Ijam and our management committee. Together, they set our direction and guide our strategic and operational goals. We also have oversight from our Boards of Directors, which bring diverse perspectives and valuable information about local economic and workforce conditions from across our region.

We count ourselves lucky to have a presence in three vibrant cities — our headquarters in Richmond, Virginia, as well as offices in Baltimore, Maryland, and Charlotte, North Carolina.

Our Communities

We connect with people around our District in a variety of ways — from building relationships and partnerships with leaders and organizations in our communities, to making a difference through volunteerism. These connections help us see the big picture of what’s happening across our District, which informs monetary policy, our research and other community development initiatives, and in turn, helps us and the Federal Reserve System achieve its public service mission.

We also share our economic research, data and resources and educate about how the economy works through interactive exhibits, such as The Fed Experience in Richmond, financial literacy programs and training for teachers.