Annual Report
2018
Reviews economic conditions in the Fifth District during 2018 and includes the article "Are Markets Becoming Less Competitive?"
Download issueMessage from the President
Tom Barkin reflects on how market power affects suppliers and the broader economy.
Feature Essay: Are Markets Becoming Less Competitive?
Many sectors of the U.S. economy seem to be increasingly dominated by a handful of large and powerful players. Some policymakers have argued that this growing concentration is a sign of weakening competition. However, concentration by itself is not necessarily a sign of market power. Thus, researchers have been looking at whether market power, not simply market concentration, is on the rise. As this essay by senior economics writer Tim Sablik and senior economist Nicholas Trachter explains, it may be too soon to reach a decisive conclusion.
Fifth District Economic Report
A summary of economic conditions in the Fifth District during 2018
Message from the First Vice President
Becky Bareford highlights the Bank's commitment to diversity and inclusion.
Boards of Directors and Advisory Councils
Photos and listings of the Bank's boards of directors and advisory councils
Bank Officers and Senior Professionals
Photo of the Richmond Fed's Management Committee and a listing of the Bank's officers and senior professionals
National IT Officers and Senior Professionals
Photo of the National IT Management Council and a listing of National IT officers and senior professionals
Financials
Includes links to the Bank's comparative financial statements for 2018 and 2017 and the independent auditors' report and the statement of auditor independence
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