The Federal Reserve System on Friday released the 2016 combined annual audited financial statements for the Federal Reserve Banks, as well as statements for the 12 individual Federal Reserve Banks and the Board of Governors. An independent auditing firm engaged by the Board has issued unqualified opinions on the financial statements and on the Board's and the Bank's internal controls over financial reporting.
The latest issue of Econ Focus magazine examines consumer’s choice of using online-only nonbank lenders.
The Richmond Fed announced the appointment of Will Robinson as an assistant vice president.
The FOMC raised the federal funds rate by 0.25 percent.
The Richmond Fed’s latest Economic Brief looks at the effects of expansionary versus contractionary monetary policy on the unemployment rate.
Economic activity in the Fifth District grew moderately since the previous Beige Book report.
The Richmond Fed’s Economic Brief for February 2017 discusses how households invest their wealth.
The Richmond Fed’s Economic Quarterly for 2016 Q1 examines models of discount window lending.
The Federal Open Market Committee today kept the current target range for the federal funds rate at 0.50 to 0.75 percent.