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About Us
We’re one of 12 regional Federal Reserve Banks working together with the Board of Governors to support a healthy economy. Our job is to serve the American public — to serve you. And our mission is to foster economic stability and strength.

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Banking & Supervision
We work to support a safe and sound financial system and foster an efficient and accessible payments system.
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Economic Research
We conduct research to support policymaking and thought leadership on issues important to the Federal Reserve and the Fifth District. We also inform the public through our data and economic analysis, publications, presentations and educational resources.

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Region & Communities
We share research, data and resources and regularly engage regional leaders and policymakers to understand and address community‑specific economic issues.
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Education
We work with teachers, students and the public to enhance understanding of economics, personal finance and the Federal Reserve.

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Econ Focus

Monetary Policy in the Confederacy
By Eric Nielsen

Burdekin, Richard and Marc Weidenmier. "Inflation Is Always and Everywhere a Monetary Phenomenon: Richmond vs. Houston in 1864." American Economic Review, December 2001, vol. 91, no. 5, pp. 1621-1630.

Ransom, Roger L. "The Economics of the Civil War." In Whaples, Robert (ed.), EH.Net Encyclopedia of Economic and Business History.

Tim Sablik