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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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We work to support a safe and sound financial system and foster an efficient and accessible payments system.
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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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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

Fall 2009

Recessions and Entrepreneurship: Is necessity the mother of invention?

More than half of Fortune 500 firms were founded in recessions or bear markets. Well-known companies like Burger King, Hyatt, and Microsoft were either launched or conceived during a recession. Is there something special about economic hardship that spurs entrepreneurship?

Econ Focus

Fall 2009

Recessions and Entrepreneurship: Is necessity the mother of invention?

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