The Federal Reserve Bank of Richmond is one of 12 independent regional Reserve Banks that together form the operating arm of the central bank of the United States. It carries a public service mission to strengthen the economy and communities within the Fifth Federal Reserve District.
The bank's district encompasses Maryland, Virginia, North Carolina, South Carolina, most of West Virginia, and Washington, D.C. Through its work, the institution contributes to monetary policy implementation, financial system supervision, and community development across this region.
As part of the Federal Reserve System, the Richmond Fed engages in activities including economic research, payment services, and bank regulation and supervision. Employees contribute to the nation's economic stability while serving a defined geographic area of the eastern United States.
