From 2010 to 2015, middle-income households in 79 percent of the counties in the Fifth District experienced an average 1.2 percent annual decline in real mean income.
Federal Reserve leaders, including our Bank's research director, contributed perspectives and insights on investing in early childhood education during a forum in Raleigh, North Carolina.
Life as a waterman on the Chesapeake Bay is challenging, but there are opportunities according to a Richmond Fed report.
Beginning with the January 18 publication, the Beige Book will feature several improvements.
Federal Reserve Board Chair Janet Yellen will address educators in Washington, D.C., and nationwide via webcast on January 12, 2017. Her live message for teachers will discuss the mission and responsibilities of the Federal Reserve System.
Access to affordable housing is the top current issue facing communities in the Fifth District according to a Richmond Fed survey of local and state government officials and community development professionals.
The Community Investment Council is one of several advisory groups that provide “on the ground” information to the Bank.
Learn how the Federal Reserve is raising awareness across the country about the importance of financial education this October.
Our tool Invest in What’s Next helps students build their plan for life after high school.
Ray Owens, Richmond Fed senior economist and research advisor, explains the finer points of economic growth during a recent event by the Institute of Real Estate Management.
The Fed Experience exhibit attracts more than 5,000 visitors of all ages and backgrounds to participate in its year-long learning programs.
Our Teacher Collaborative Committee supports the Bank’s development and delivery of economic and financial education resources and programs.
Richmond Fed President Jeffrey M. Lacker and his two predecessors -- J. Alfred Broaddus and Robert P. Black -- were featured in a special edition of the Richmond Times Dispatch’s Metro Business.
Credit Union leaders from across our District learned how the data they share with the Richmond Fed on a regular basis connect them to monetary policy decisions.
The Richmond Fed's Currency Technology Office will play a key role, along with others, in helping to define some security features for the new $20 bill and other notes.
New web feature highlights topics and data that matter to areas within the Fifth Federal Reserve District.
The Community Investment Council is one of several advisory groups that provide regional information to the Bank.
The fourth event of the year highlighted new research and helped set goals for 2016.
Symposium focuses on transit-oriented development initiatives for improving access to quality housing, jobs and education for low-income individuals and communities.
Our Community Development team partners with regional organizations to enhance working knowledge of the Community Reinvestment Act.
Our financial education programs are aimed at helping students become financially successful and, in turn, make our community a better place to live.
Charlotte Data Day 2015 drew 165 people for the third annual program, which featured the data and information on the demographic changes in North Carolina communities.
Sonya Ravindranath Waddell discussed the economic outlook during a meeting of the Virginia, Maryland & Delaware Association of Electric Cooperatives in Virginia Beach on September 29.
Dave Beck, senior vice president and the Richmond Fed’s Baltimore regional executive, discusses "Emerging Payment Alternatives for the Unbanked and Underbanked."
The Richmond Fed teamed up with the OCC and FDIC to provide Community Reinvestment Act training.
Dave Beck, senior vice president and the Richmond Fed’s Baltimore regional executive, was recently elected chairman of the Maryland Council on Economic Education board.
Richmond Fed Research Director Kartik Athreya discusses research on the Earned Income Tax Credits, which benefit working people with low-to-moderate incomes.
The Federal Reserve Banks of Richmond, Chicago, Cleveland and Philadelphia held a videoconference meeting for Redefining Rustbelt 2015–16, entitled “Broadband and Digital Technology: Infrastructure of the Future," on Friday, May 15.
Richmond Fed Regional Economist Sonya Ravindranath Waddell addressed business and government officials from the mid-Atlantic region during the Virginia Asian Chamber of Commerce’s ProcureCon Asia 2015 Conference and Expo held May 7.
For the first time, the Richmond Fed’s spring regional forum visit brought Bank leaders back to a Fifth District community they’ve previously visited.
The Richmond Fed’s Community Development office convened the first ever Maryland Financial Education Summit in Baltimore on Friday, April 24, in collaboration with the Maryland CASH Campaign and the FDIC.
Richmond Fed Research Director Kartik Athreya discussed the prevailing research on the Earned Income Tax Credit for low-income families and households during a March 31 conference on economic inclusion. The Raleigh, North Carolina, event drew more than 100 experts, community development practitioners and government leaders, as well as banking and financial organizations.
The 30th Annual Emerging Issues Forum, "Innovation Reconstructed," drew more than 1,000 business, government and academic leaders, community development practitioners and economic development experts to Raleigh, N.C. The Feb. 9-10 forum is the signature event of the Institute for Emerging Issues at North Carolina State University.
In December, Regional Community Development Manager Jennifer Giovannitti partnered with TechConnect West Virginia to publish an op-ed highlighting innovative ways to connect small business to capital. The strategies and opportunities they discuss are shared to help address challenges in obtaining early stage and seed capital.
The Richmond Fed recently convened experts and practitioners in Baltimore to discuss the critical public policy issues affecting low-income populations.
This fall’s regional forum brought Richmond Fed leaders to Asheville, North Carolina, in October to learn more about the area’s diversified economy and its workforce.
One hundred years ago on November 16, 1914, the Richmond Fed opened for business in downtown Richmond with 16 employees.
In 1914, Charlotte was one of 37 cities that submitted a formal petition for a regional Reserve Bank. Though the North Carolina city was one of the smallest by population to compete, it held its own in terms of deposits per capita, reflecting a strong banking sector.
Richmond City Council honored the Richmond Fed on September 8 with a resolution “on the momentous and historic occasion” of the Bank’s centennial.
Local kids aged 5 through 13 are filling our Fed Experience exhibit as Summer Camp Challenge moves into full swing.
Bank leaders learned about the wireless technology and manufacturing sectors, early childhood education and local workforce development programs during a two-day visit to Lynchburg, Va.
In coordination with Community Development offices across the Federal Reserve System, our Bank’s Community Development office has helped launch FedCommunities.org.
Housing data, trends and analysis for the Charlotte region was at the core of the second annual Charlotte Data Day held June 17. The event, which was hosted by the Federal Reserve Bank of Richmond and the UNC Charlotte Urban Institute, featured more than a dozen presentations and workshops by regional and national experts, policymakers and community leaders.
“Reinventing Older Communities: Bridging Growth and Opportunity” — a biennial conference that this year incorporated the last of the four-part Rust Belt series that the Richmond Fed’s Community Development office helped organize — examined how communities can promote economic growth in ways that benefit all residents.
Matthew Martin, Charlotte regional executive, spoke with Mike Collins on "Charlotte Talks" June 13.
The Richmond Fed is marking an historic milestone – 100 years ago on May 18, 1914, the Bank was incorporated.
What path should a student choose after high school? Apply to college? Join the workforce? Enroll in career or technical training?
Betsy Duke receives Virginia Women in History Award.
More than 120 alumni of statewide and regional leadership programs recently gathered at the Richmond Fed’s Baltimore branch for an annual economic forum.
Regional Economist Rick Kaglic provided an economic overview for the nation and South Carolina during a field hearing of the House Committee on Small Business. The hearing of the Subcommittee on Economic Growth, Tax and Capital Access was held in Dillion, S.C. on January 24, 2014.
Richmond Fed leaders recently spent time in Charlotte, N.C., for the latest regional economic forum.
This fall the Federal Reserve held two nationwide programs to support teachers’ instruction and students’ understanding of personal finance, economics and the role of the Fed.
Richmond Fed leaders recently visited Baltimore, Md., to learn more about the region’s economy, focusing on additive manufacturing, the business of cybersecurity and health care.
The Richmond Fed had a unique opportunity to ask students what they consider to be the biggest financial decisions they’ll make in their lives.
Our Bank's Community Development department is releasing two new publications that examine topical issues in the Fifth District.
More than 100 leaders in financial markets, the regulatory arena and academia attended the Richmond Fed’s seventh annual Credit Markets Symposium. View videos and more from the event.
Serving our country can be a challenge under even the best of circumstances. The Richmond Fed’s Alvin Peyton knows that based on experience, and he was recently recognized for helping a team member balance work and military service.
The Federal Reserve Bank of Richmond is producing a new publication called 5E Navigator. The publication’s mission is to provide reliable information in an imaginative format to help people make informed decisions about their personal finances. Each issue of 5E Navigator takes the reader on a journey exploring a personal finance topic. The first issue features credit reports.
April is National Financial Literacy Month! The Richmond Fed will be engaged in a number of financial education activities across the Fifth Federal Reserve District during April. These activities, along with recently debuted resources, represent a snapshot of our ongoing financial education efforts throughout the year. These efforts focus on providing reliable economics-based information and tools to help people make informed decisions about their personal finances, especially key financial decisions that can have large and long-lasting impacts on their well-being.
As part of the commemoration of its centennial, the Federal Reserve has launched two new social media channels to help the public better understand the Fed and its history.
A professional organization formed with the support of the Federal Reserve Bank of Richmond has won a national award for its work addressing money laundering and other financial crimes.
Among them is an interactive data and mapping resource which allows users to spatially display data and create customized maps of communities, counties and states using PolicyMap’s web based mapping tool. This resource replaces our Community Data and Mapping Resource Centers. We have also introduced new resources for small businesses.
In a November podcast, Jen Giovannitti at the Richmond Fed interviewed Elizabeth Weigensberg, senior researcher at Chapin Hall at the University of Chicago. Dr. Weigensberg discussed her recent research on key components of successful workforce development programs and provided recommendations on how to improve the effectiveness of the existing programs.
The Richmond Fed’s Economic Education team took a busload of teachers to "Conversation with the Chairman: A Teacher Town Hall Meeting" at the Federal Reserve Board.
The Richmond Fed’s Community Development and Economic Education teams immersed themselves in a monthlong effort to promote financial education during Financial Literacy Month.
Regional economic forums, like the visit to the Triad, enhance the Richmond Fed's connection to communities throughout the Fifth District by fostering mutually beneficial relationships and giving Bank leaders the opportunity to tell people about who we are and what we do.
Realtors, housing counselors and community service providers across upstate South Carolina met in Greenville to learn about resources to help homeowners facing foreclosure.
Firsthand, real-time engagement helps the Richmond Fed stay in touch with the issues that affect the people, communities and economy of the Fifth District.