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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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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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- Special Reports: Economic Impact of COVID-19
Banking & Supervision
We help ensure our financial system is operating safely and effectively, and we help support secure and efficient methods to transfer your funds through our financial system.
Education
We work with teachers, students and the public to enhance understanding of economics, personal finance and the Federal Reserve.

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Community Development
We work with community partners to identify and address economic challenges and opportunities in low- and moderate-income communities in the Fifth District.

Economic Brief

March 2009, No. 09-03

Rationalizing Financial Literacy Policy

It is hard to argue against the need for greater financial literacy. But how can households learn to make better decisions and to what extent can public policy help?

Additional Resources

Martin, Matthew. "A Literature Review on the Effectiveness of Financial Education." Federal Reserve Bank of Richmond Working Paper 07-03, June 2007.

Contact Us

RC Balaban (804) 697-8144

Economic Brief

March 2009, No. 09-03

Rationalizing Financial Literacy Policy

Additional Resources

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