Federal Reserve Bank of Richmond

The Federal Reserve Bank of Richmond is one of 12 regional banks in the Federal Reserve System, which is the central bank of the United States. Located in Richmond, Virginia, it serves the Fifth Federal Reserve District, covering parts of several states. Its primary functions include implementing monetary policy, supervising banks, and providing financial services to the government and financial institutions. The Richmond Fed gathers economic data, supports local economic growth, and contributes to national economic policymaking by providing insights on regional economic conditions and trends.