Statement on Transparency and Accountability by the 12 Federal Reserve Banks

The Federal Reserve Banks are committed to transparency and accountability and each Reserve Bank has existing procedures for providing information to the public. In the interest of further strengthening transparency and accountability, the 12 Reserve Banks have agreed to adopt a common policy for public requests for information and expect to implement this policy by the end of this year. Additional information on the policy will be available on each Reserve Bank’s website later this year.

The New York Fed has issued this statement on behalf of all 12 Reserve Banks

Media Contacts:

New York Fed
Jack Gutt
(212) 720-6142
jack.gutt@ny.frb.org

Suzanne Elio­
(212) 720-6449
suzanne.elio@ny.frb.org

As part of our nation’s central bank, the Richmond Fed is one of 12 regional Reserve Banks working together with the Board of Governors to support a healthy economy and deliver on our mission to foster economic stability and strength. We connect with community and business leaders across the Fifth Federal Reserve District — including the Carolinas, District of Columbia, Maryland, Virginia, and most of West Virginia — to monitor economic conditions, address issues facing our communities, and share this information with monetary and financial policymakers. We also work with banks to ensure they are operating safely and soundly, supply financial institutions with currency that’s fit for distribution, and provide a safe and efficient way to transfer funds through our nation’s payments system.

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