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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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- Resources & Programs
- Field Trips & Classroom Visits
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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.

Economists

Douglas W. Diamond

University of Chicago

A finance professor at the University of Chicago Booth School of Business, Doug Diamond is a long-term consultant in the Research Department at the Federal Reserve Bank of Richmond.

Bank Publications

Economic Quarterly, Spring 2007

Banks and Liquidity Creation: A Simple Exposition of the Diamond-Dybvig Model

Douglas W. Diamond

Economic Quarterly, Fall 2001

Should Banks Be Recapitalized?

Douglas W. Diamond

Economic Quarterly, Summer 1996

Financial Intermediation as Delegated Monitoring: A Simple Example

Douglas W. Diamond

Economic Quarterly, Spring 1994

Corporate Capital Structure: The Control Roles of Bank and Public Debt with Taxes and Costly Bankruptcy

Douglas W. Diamond

Contact Us

Research Department (804) 697-8000

Economists

Douglas W. Diamond

University of Chicago

phone Contact Us

Economists

Douglas W. Diamond

Contact Us