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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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About Us
Economic Research
We strive to be a recognized leader in economic and policy analysis and a trusted source of data and analysis of the Fifth District economy.

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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.
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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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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.
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Maryland Survey of Business Activity

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Each month, this survey is sent to contacts whose firm type, firm size and location collectively match the profile of businesses in Maryland.

Firms in Maryland Reported Weakening Business Conditions in March

Maryland Firms Reported Steady Growth in February

Maryland Firms Reported Accelerating Growth in January

Maryland Firms Reported Modest Growth in December

Maryland Firms Reported Slowing Growth in November

Maryland Firms Reported Moderate Growth in October

Reports Indicate Improved Conditions Among Maryland Firms in September

Business Activity Softened in Maryland in August, but Firms Remained Generally Positive

Reports from Maryland Firms Softened Somewhat in July but Remained Positive

Maryland Firms Remained Generally Upbeat in June

Additional Resources

Survey responses provide monetary policymakers with timely, "on the ground" perspectives on the regional economy.