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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 promote the safety and soundness of individual financial institutions and monitor their impact on the financial system as a whole, as well as ensure financial institutions are protecting consumers.
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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Working Papers

December 2016, No. 16-16

Private Information in Over-the-Counter Markets

Zachary Bethune, Bruno Sultanum and Nicholas Trachter

November 2016, No. 16-15

Theory Ahead of Measurement? Assessing the Nonlinear Effects of Financial Market Disruptions

Regis Barnichon, Christian Matthes and Alexander Ziegenbein

September 2021, No. 16-14R

Termination as an Incentive Device (Revised September 2021)

Borys Grochulski and Yuzhe Zhang

October 2016, No. 16-13R

Estimating Matching Efficiency with Variable Search Effort (Revised December 2016)

Andreas Hornstein and Marianna Kudlyak

September 2016, No. 16-12

Bankruptcy and Delinquency in a Model of Unsecured Debt

Kartik B. Athreya, Juan M. Sanchez, Xuan S. Tam and Eric R. Young

September 2016, No. 16-11R

A Proposal to Clarify the Objectives and Strategy of Monetary Policy (Revised January 2017)

Robert L. Hetzel

August 2016, No. 16-10

What Caused the Great Recession in the Eurozone?

Robert L. Hetzel

August 2016, No. 16-09

Choosing Prior Hyperparameters

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

July 2016, No. 16-08

Gaussian Mixture Approximations of Impulse Responses and the Nonlinear Effects of Monetary Shocks

Regis Barnichon and Christian Matthes

June 2016, No. 16-07

In the Eye of a Storm: Manhattan's Money Center Banks during the International Financial Crisis of 1931

Gary Richardson and Patrick Van Horn

Contact Us

Katrina Mullen (804) 697-8145