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Annual Report


1995 Annual Report cover

Reviews the Bank's operations and includes the article entitled "Foreign Exchange Operations and the Federal Reserve"

Message from the President and First Vice President

Al Broaddus outlines the Richmond Fed's activities in 1995.

Feature Article: "Foreign Exchange Operations and the Federal Reserve"

Al Broaddus and Marvin Goodfriend discuss the Federal Reserve's activities in foreign exchange markets and examine whether these operations negatively impact the credibility and effectiveness of monetary policy and the Fed's status as an independent central bank.

Year In Review

Highlights of the Richmond Fed's progress in meeting its strategic goals and its contributions to Federal Reserve initiatives.

Boards of Directors and Advisory Groups

Photos and listings of the Bank's directors and members of its advisory groups.


Administrative changes and a listing of Bank officers.

Financial Statements

Comparative financial information for 1995.

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Lisa Davis (804) 697-8179