The Federal Reserve Bank of Richmond is one of twelve reserve banks across the United States that, along with the Board of Governors in Washington, D.C., forms the Federal Reserve System. The Richmond Fed, as part of the nation’s central bank, helps formulate monetary policy, supervises and regulates banks, and assists with the operation of the nation’s financial and payments systems to maintain the overall stability of the financial system.
The Fifth Federal Reserve District serves Virginia, Maryland, the District of Columbia, North Carolina, South Carolina, and most of West Virginia. The Richmond Fed opened in 1914 and has branch offices in Baltimore, Maryland, and Charlotte, North Carolina.
For more information, please visit the Bank’s website at http://www.richmondfed.org.