Fifth Federal Reserve District

The Fifth Federal Reserve District is one of twelve regional areas of the Federal Reserve System, which is the central banking system of the United States. This district includes parts of the East Coast, such as Maryland, Virginia, North Carolina, and Washington, D.C. It plays a crucial role in implementing monetary policy, supervising banks, and providing financial services. The district is overseen by the Federal Reserve Bank of Richmond, which contributes to economic research and helps ensure the stability of the financial system in its region.