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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.
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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Region & Communities
We share research, data and resources and regularly engage regional leaders and policymakers to understand and address community‑specific economic issues.
- Our Region
Education
We work with teachers, students and the public to enhance understanding of economics, personal finance and the Federal Reserve.

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- Resources & Programs
- Economic Education Outreach
- Events
- Our Team

Economic Quarterly

Winter 2004

Macroeconomic Principles and Monetary Policy

J. Alfred Broaddus, Jr.

Winter 2004

Classical Deflation Theory

Thomas M. Humphrey

Winter 2004

Accommodating Rising Population in Rural Areas: The Case of Loudoun County, Virginia

Rapidly expanding urban populations have pushed out cities' geographic reach in recent years, leading to rising population densities in previously rural areas.

Raymond E. Owens III and Pierre-Daniel G. Sarte

Winter 2004

Closing Troubled Banks: How the Process Works

John R. Walter

Lisa Davis