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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.
- Consumer Resources
- Contacts
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
- Our Team

Our Team

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Personal Website

Douglas W. Diamond

A finance professor at the University of Chicago Booth School of Business, Doug Diamond was 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