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Our News


Oct. 17, 2018

Falling Short: Why We Aren't Meeting the Economy's Demand for College Graduates?

More than 120 community and business leaders joined us recently for a "Conversation with the Fed" about the “college wage premium” and what we’re doing as a community to help students choose the path that’s right for them.

Vicki Alligood

Oct. 11, 2018

Supporting Deeper Learning in Economics and Personal Finance

Our Bank recently hosted the 2018 Joint Council on Economic Education meeting, a gathering of leaders of economic and financial education organizations across our District to discuss issues relevant to strengthening students’ economic and financial literacy.

Oct. 3, 2018

Federal Reserve Holds #MinoritiesInBanking Forum

The Federal Reserve held a forum for minorities in banking at the Charlotte branch of the Richmond Fed on September 27–28.

Laura Fortunato

Sept. 21, 2018

The Digital Divide: Financing Broadband in Our Communities

The Richmond Fed’s community development team is working with stakeholders to address community inequities stemming from lack of access to broadband.

Aug. 20, 2018

Sparking an Interest in the Economy

Our Economic Education team provides yearlong educational experiences for students, teachers and the community.

Aug. 17, 2018

Community Development Is a South Carolina 'Champion'

The South Carolina Community Capital Alliance recently honored the Richmond Fed for its work championing initiatives in low- and -moderate-income and underserved communities.

July 30, 2018

Understanding the Opioid Epidemic in Our Communities

Our Community Development team convenes policymakers and practitioners to strategically address the effects of the opioid epidemic on the workforce and in low- and moderate-income communities.

Latonya Duncan

July 12, 2018

Our Inclusive Workplace: Providing Hands-On Experience for Students With Disabilities

Troy Carter recently gained hands-on experience in his field through an internship with our Bank. It’s one of the many ways we provide opportunities for students with disabilities.

July 2, 2018

Connecting People and Information to See the Big Picture

On any given day, our efforts to connect with the people of the Fifth Federal Reserve District are as far reaching and diverse as the communities we serve.

May 31, 2018

Small Business Optimism Highest in Years

An annual survey by the 12 Federal Reserve Banks shows small businesses are experiencing an increase in profitability, revenue growth, and employment growth.

May 29, 2018

The Way We Pay: Evolution or Revolution?

The Richmond Fed recently welcomed more than 80 people to its downtown Richmond office for a “Conversations with the Fed” program about the way we pay and the future of payments.

Vicki Alligood

May 16, 2018

Connecting on Issues Important to Us, Our Communities

Two recent programs held at Richmond Fed offices highlighted the importance of connecting with Fifth District business and community leaders in order to share our Bank’s research and to develop a better understanding of the economic issues facing communities.

Jack Cooper

May 4, 2018

Expand Your Understanding

Attend an upcoming "Conversations" event to expand your understanding about economic issues that are affecting our communities and you.

Vicki Alligood

April 27, 2018

Keeping Up Money Smarts Momentum

A jam-packed Money Smart Week in Charlotte wraps up a busy Financial Literacy Month 2018 for the Richmond Fed.

Yolanda Ferguson

April 18, 2018

You Matter to the Economy!

Our Fed Ambassadors meet with high school students to help them understand their connection to the economy and the Federal Reserve.

Laura Fortunato

April 9, 2018

Invest in What’s Next

Get College- and Career-Choice Ready with the third lesson of our online mini-course, Invest in What’s Next.


Dec. 15, 2017

Prosperity: Will Our Children Be Better Off Than Us?

The Richmond Fed recently welcomed more than 120 people to its downtown Richmond office for the first public “Conversations with the Fed” speaker series event.

Jack Cooper

Dec. 6, 2017

A Growing Source of Community Funding

The number of Community Development Financial Institutions, which provide credit products and financial services to underserved markets and populations, is increasing in the Southeast.

Nov. 29, 2017

The View From Main Street

The Community Investment Council recently discussed affordable housing, workforce skills gaps, the impact of opioid abuse and other trends.

Nov. 22, 2017

Giving Thanks and Giving Back

During the week of Thanksgiving, more than 100 Bank supervision and discount window employees volunteered across all three of our locations — Baltimore, Charlotte and Richmond — at several nonprofits.

Nov. 6, 2017

Career Exploration Inspires Eighth Graders

Richmond Fed’s employees provided leadership, support and career information for the more than 12,000 eighth graders who attended ChamberRVA’s recent Mission Tomorrow event.

Laura Fortunato

Oct. 18, 2017

Join the Conversation—About Our Children’s Economic Future

Join the conversation on November 8 with Richmond Fed Research Director Kartik Athreya as we explore how even small changes in the economy can have a big impact on our children’s economic future—and monetary policy.

Sept. 28, 2017

Collaborating to Better Serve Disadvantaged Students

Economic and financial education organizations gathered at the Richmond Fed recently to share knowledge and discuss strategies for effectively serving disadvantaged students.

Angie Collier

Sept. 7, 2017

Back to School: Ready. Set. Learn!

Getting ready for the new school year takes the collective energies of teachers, families and community members. Each step of the way, the Richmond Fed contributes resources, expertise and support to enhance the educational well-being of our community.

Laura Fortunato

Aug. 7, 2017

Getting to Know the Richmond Fed

Recently, our Bank hosted an event for Richmond-area interns to get to know more about who we are and what we do at the Richmond Fed.

Ellie Manspile

July 31, 2017

Baltimore Data Day

More than 100 community development professionals learned about gentrification, displacement and housing instability.

July 11, 2017

Our Employees Help the Public Understand the Fed

Fed Ambassadors help Fifth District community members learn more about the work of the Fed.

Laura Fortunato

July 5, 2017

Economic Outlook: The Short and Long of It

Richmond Fed Research Director Kartik Athreya addressed the Charlotte Economics Club in Charlotte, North Carolina on June 29, 2017.

Laura Fortunato

May 23, 2017

Collaborating for Community Impact

Working with regional partners, the Richmond Fed has helped fill an information gap regarding the Earned Income Tax Credit, a program intended to improve the economic well-being of low- and moderate-income households.

Laura Fortunato

May 16, 2017

Honor Roll – It’s Not Just for Students

Our Bank’s long-standing partnership with Richmond Public Schools was recognized as part of the Virginia School Board Association’s Business Honor Roll program.

Vicki Alligood

April 20, 2017

Connecting With Partners on Financial Literacy

Our Charlotte Branch hosted financial literacy programs for North Carolina high school students, educators and community members.

Laura Fortunato

April 10, 2017

Financial Literacy Workshop Focuses on Educators

Our economic education team teaches educators how to use the “Invest in What’s Next: Life after High School” tool.

Bob Spieldenner

March 27, 2017

Setting A Path For Economic Mobility In Charlotte

Children in low-income communities in the Charlotte, North Carolina, area have among the worst chances in the country to climb the economic ladder.

March 20, 2017

Report Analyzes Real Income Post–Great Recession

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.

Bob Spieldenner

Feb. 22, 2017

KidoNomiCs: Investing in Children

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.

Laura Fortunato


Dec. 19, 2016

Navigating the Future of Chesapeake Bay Watermen

Life as a waterman on the Chesapeake Bay is challenging, but there are opportunities according to a Richmond Fed report.

Nov. 30, 2016

Upgrades Coming for Beige Book

Beginning with the January 18 publication, the Beige Book will feature several improvements.

Nov. 15, 2016

Conversation With the Chair: A Teacher Town Hall Meeting

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.

Nov. 4, 2016

The Pulse of Our Communities

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. 

Oct. 20, 2016

Understanding Our Communities

The Community Investment Council is one of several advisory groups that provide “on the ground” information to the Bank.



Oct. 19, 2016

What’s New in Financial Ed from the Fed?

Learn how the Federal Reserve is raising awareness across the country about the importance of financial education this October.

Oct. 12, 2016

Is Your High School Student College- and Career-Choice Ready?

Our tool Invest in What’s Next helps students build their plan for life after high school.

Aug. 29, 2016

Ray Owens: Baby Boomers, Millennials and the Economy

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.

Laura Fortunato

Aug. 10, 2016

Getting to Know the Fed in 90 Minutes

The Fed Experience exhibit attracts more than 5,000 visitors of all ages and backgrounds to participate in its year-long learning programs.

Laura Fortunato

July 13, 2016

Teachers Help Guide Our Economic Education Work

Our Teacher Collaborative Committee supports the Bank’s development and delivery of economic and financial education resources and programs.

Laura Fortunato

July 7, 2016

Richmond Fed Presidents Featured in Special Business Section

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.

May 18, 2016

Credit Union Forum Connects to Main Street

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.

May 10, 2016

Richmond Fed Will Help Put New Notes to the Test

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.

Kiran Krishnamurthy

May 9, 2016

New Web Series Focuses on Urban and Regional Economics

New web feature highlights topics and data that matter to areas within the Fifth Federal Reserve District.

Bob Spieldenner

April 18, 2016

View From Main Street

The Community Investment Council is one of several advisory groups that provide regional information to the Bank.

Feb. 12, 2016

#IEIFutureWork: Our Place in the Discussion

Richmond Fed Leads Workforce Discussion at the 31st Annual Emerging Issues Forum in North Carolina.

Laura Fortunato


Dec. 30, 2015

D.C. Economic Inclusion Series Sets Path for 2016

The fourth event of the year highlighted new research and helped set goals for 2016.

Nov. 16, 2015

Connecting Communities

Symposium focuses on transit-oriented development initiatives for improving access to quality housing, jobs and education for low-income individuals and communities.

Nov. 6, 2015

The Richmond Fed: Building Partnerships and Communities

Our Community Development team partners with regional organizations to enhance working knowledge of the Community Reinvestment Act.

Oct. 29, 2015

Education, Economics and Employability

Our financial education programs are aimed at helping students become financially successful and, in turn, make our community a better place to live.

Laura Fortunato

Oct. 8, 2015

Richmond Fed Partners With UNC Charlotte Urban Institute on Data Day 2015

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.

Laura Fortunato

Sept. 29, 2015

Richmond Fed Economist Discusses the Economic Outlook

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.

Laura Fortunato

Sept. 24, 2015

Economic Inclusion Program Focuses on the Unbanked and Underbanked

Dave Beck, senior vice president and the Richmond Fed’s Baltimore regional executive, discusses "Emerging Payment Alternatives for the Unbanked and Underbanked."

Laura Fortunato

Aug. 10, 2015

CRA Training for Communities

The Richmond Fed teamed up with the OCC and FDIC to provide Community Reinvestment Act training.

July 27, 2015

Bank Leader Named to Maryland Financial Literacy Post

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.

Kiran Krishnamurthy

May 21, 2015

Community Leaders in South Carolina Discuss the Earned Income Tax Credit

Richmond Fed Research Director Kartik Athreya discusses research on the Earned Income Tax Credits, which benefit working people with low-to-moderate incomes.

Laura Fortunato

May 18, 2015

Charlotte Joins "Legacy Cities" to Discuss Broadband

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.

May 7, 2015

Regional Economist Discusses National Economic Conditions at Asian Chamber of Commerce Conference

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. 

Laura Fortunato

May 5, 2015

Regional Forum Returns to the Lowcountry

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.

Pamela Stallsmith

April 24, 2015

Richmond Fed and Partners Host First Maryland Financial Education Summit

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.

April 1, 2015

Richmond Fed and Partners Convene Discussion on EITC

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.

Feb. 18, 2015

Richmond Fed Participates in Emerging Issues Forum

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.

Jan. 16, 2015

Community Development Staff Co-Publishes Op-Ed in the Charleston Daily Mail

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.


Dec. 15, 2014

Making Our Communities A Better Place to Live

The Richmond Fed recently convened experts and practitioners in Baltimore to discuss the critical public policy issues affecting low-income populations.

Laura Fortunato

Oct. 30, 2014

Forum Brings Bank Leaders to Asheville, N.C.

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.

Pamela Stallsmith

Oct. 30, 2014

Richmond Fed Marks 100th Anniversary

One hundred years ago on November 16, 1914, the Richmond Fed opened for business in downtown Richmond with 16 employees.

Sept. 30, 2014

A Century of Change: Charlotte, Banking and the Federal Reserve

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.

Pamela Stallsmith

Sept. 16, 2014

Richmond City Council Honors Bank

Richmond City Council honored the Richmond Fed on September 8 with a resolution “on the momentous and historic occasion” of the Bank’s centennial.

July 22, 2014

Summer Camp Challenge Draws Local Kids and the Media

Local kids aged 5 through 13 are filling our Fed Experience exhibit as Summer Camp Challenge moves into full swing.

Laura Fortunato

July 3, 2014

Richmond Fed Leaders Visit Lynchburg, Va.

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.

June 30, 2014


In coordination with Community Development offices across the Federal Reserve System, our Bank’s Community Development office has helped launch

June 18, 2014

Charlotte Data Day Draws Experts, Policymakers and Community Leaders

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.

Laura Fortunato

June 17, 2014

Reinventing Older Communities

“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.

June 13, 2014

Charlotte Regional Executive Matthew Martin on "Charlotte Talks"

Matthew Martin, Charlotte regional executive, spoke with Mike Collins on "Charlotte Talks" June 13.

May 18, 2014

Richmond Fed Chartered 100 Years Ago

The Richmond Fed is marking an historic milestone – 100 years ago on May 18, 1914, the Bank was incorporated.

April 21, 2014

Life After High School

What path should a student choose after high school? Apply to college? Join the workforce? Enroll in career or technical training?

April 4, 2014

Former Governor Betsy Duke Honored

Betsy Duke receives Virginia Women in History Award.

March 12, 2014

Sharing Perspectives With Maryland Leaders

More than 120 alumni of statewide and regional leadership programs recently gathered at the Richmond Fed’s Baltimore branch for an annual economic forum.

Margaret Burns

Jan. 24, 2014

Richmond Fed Economist Testifies Before Congressional Panel

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.


Dec. 13, 2013

Bank Leaders Visit Charlotte

Richmond Fed leaders recently spent time in Charlotte, N.C., for the latest regional economic forum.

Pamela Stallsmith

Nov. 25, 2013

The Fed Connects with Teachers Nationwide

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.

Nick Haltom

July 5, 2013

Bank Leaders Tour Baltimore Area

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.

Pamela Stallsmith

June 28, 2013

Students Look Ahead to Major Financial Decisions

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.

Jen Giovannitti and Nick Haltom

June 18, 2013

New Community Development Publications

Our Bank's Community Development department is releasing two new publications that examine topical issues in the Fifth District.

April 29, 2013

Recap: Credit Markets Symposium 2013

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.

Kiran Krishnamurthy

April 16, 2013

Honoring A Commitment to Military Service

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.

Kiran Krishnamurthy

April 9, 2013

Introducing 5E Navigator

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.

Nick Haltom

April 2, 2013

Financial Literacy Month 2013

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.

March 29, 2013

Fed History Shared With New Media Tools

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.

Jim Strader

March 20, 2013

Richmond Fed's Anti-Money Laundering Work Recognized

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.

Jim Strader

March 20, 2013

New Features: Community Development Resources

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.

Jan. 16, 2013

A Timely Talk on Payments Trends

Senior Vice President David E. Beck speaks to the Commonwealth Association for Financial Professionals.

Kiran Krishnamurthy


Nov. 29, 2012

Metrics for Success: Critical Elements for Workforce Development Programs

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.

Jen Giovannitti

Aug. 17, 2012

Teachers Talk Financial Education with Chairman Ben Bernanke

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.

Jim Strader

May 14, 2012

Financial Literacy: A Year-Round Effort

The Richmond Fed’s Community Development and Economic Education teams immersed themselves in a monthlong effort to promote financial education during Financial Literacy Month.

Melanie Rose

May 10, 2012

Triad Visit Gives Bank Leaders Close View of Economy

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.

Jim Strader


Oct. 13, 2011

S.C. Foreclosure Challenges Addressed

Realtors, housing counselors and community service providers across upstate South Carolina met in Greenville to learn about resources to help homeowners facing foreclosure.

Kiran Krishnamurthy and Andreas Hornstein

May 13, 2011

Richmond Fed Outreach Engages D.C. Area

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.

Jim Strader

Contact Us

Jim Strader
(804) 697-8956
(804) 332-0207 (mobile)

Laura Fortunato
(804) 697-8196
(804) 698-0927 (mobile)