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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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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

First Quarter 2018

Cover for First Quarter 2018 issue

Cover Story

Are Markets Too Concentrated?

Industries are increasingly concentrated in the hands of fewer firms. But is that a bad thing?

Download Full Issue

Features

Paying for Success

State and local governments are trying a new financing model for social programs

Cows

Do Entrepreneurs Pay to Be Entrepreneurs?

Some small-business owners are motivated more by values than financial gain

Departments

Message from the President

Taxes and the Fed

Upfront

Regional News at a Glance

Jargon Alert

Graduate holding money

At the Richmond Fed

The Great
ATM Shakeout

Federal Reserve

A Taxing Question
for the Fed

Research Spotlight

Did Workers Get Worse at Finding Jobs?

Interview

Jesús Fernández-
Villaverde

Policy Update

Reforming Corporate Taxes

Economic History

Bank note issued around 1854 by the Quassaick Bank of Newburgh, N.Y

When Banking Was 'Free'

District Digest

Land-Use Regulations:
A View from the Fifth District

Book Review

Book Review: Capitalism Without Capital

From Industrial
to Intangible

Opinion

TFP, Prosperity,
and the FOMC

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