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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.

Learn more about our bank >
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.

Learn more about Economic Research >
- People
- Data & Analysis
- Publications
- Events
- Podcast
- Contacts
- Our Regional Focus
- 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.

Learn more about resources, museum visits & educational programs >
- Resources & Programs
- Field Trips & Classroom Visits
- Events
- People
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.

Working Papers

December 2014, No. 14-19

Thomas A. Lubik and Michael U. Krause

October 2014, No. 14-18

Marianna Kudlyak and Fabian Lange

October 2014, No. 14-17

Luigi Paciello, Andrea Pozzi and Nicholas Trachter

September 2014, No. 14-16

August 2014, No. 14-15

Aspen Gorry, Devon Gorry and Nicholas Trachter

July 2014, No. 14-14

June 2014, No. 14-13R

May 2014, No. 14-12R

R. Jason Faberman and Marianna Kudlyak

April 2014, No. 14-11R

Kartik B. Athreya, Devin Reilly and Nicole B. Simpson

April 2014, No. 14-10

Pooyan Amir-Ahmadi, Christian Matthes and Mu-Chun Wang

Karl Rhodes (804) 697-8144