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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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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

The recent Supreme Court decision on takings encourages economic development leaders but worries some economists
By Doug Campbell

Giammarino, Ronald and Ed Nosal. “Loggers vs. Campers: Compensation for the Taking of Property Rights.” Federal Reserve Bank of Cleveland Working Paper 04-06, July 2004.

Kelo v. New London, Supreme Court decision, June 23, 2005.

Tim Sablik