News Releases
Statement on Transparency and Accountability Policy at the 12 Federal Reserve Banks
In the interest of further strengthening the Federal Reserve System’s commitment to transparency, today the 12 Federal Reserve Banks released a common policy for public requests for information. The Transparency and Accountability Policy will go into effect January 1, 2024, and seeks to simplify and standardize the Federal Reserve Banks’ public information request process. The policy is now available on each Reserve Bank’s website. The New York Fed has issued this statement on behalf of the 12 Reserve Banks.
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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