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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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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 help keep the country's electronic payment system running and make sure banks have enough cash and coin to do business.
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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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Macro Minute

January 13, 2026

How Much Revenue Has Been Raised by Tariffs So Far?

As of October, the average effective tariff rate for the U.S. stood at 11.4 percent, which would be the highest rate since 1943.

Marina Azzimonti, Jacob Titcomb and John O'Trakoun

Research Department