Federal Reserve Bank of Richmond

The Federal Reserve Bank of Richmond is the central bank for the Fifth Federal Reserve District. It works in conjunction with the Board of Governors and the other 11 Reserve Banks to form the nation's central bank. Its key functions include contributing to national monetary policy, supervising and regulating financial institutions within its district, and providing essential financial services to depository institutions and the U.S. government. Established in 1914, the Richmond Fed plays a critical role in the U.S. economy by fostering financial stability and a healthy payment system.