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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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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

These web-exclusive essays on current economic issues and trends are based on staff economists' ongoing research and published work.

February 2020, No. 20-02

Scott Fulford, Karl Rhodes and Felipe F. Schwartzman

January 2020, No. 20-01

Daisuke Ikeda, Toan Phan and Tim Sablik

Karl Rhodes (804) 697-8144