Happy #NationalInternDay to all our interns at the Richmond Fed! We appreciate your countless contributions to the Fifth District and National IT teams this summer. #interns #FindYourFedCareer #RichmondFedInterns
Federal Reserve Bank of Richmond
Banking
Richmond, VA 30,114 followers
We foster the stability, integrity and efficiency of our nation's monetary, financial and payments systems.
About us
The Richmond Fed is one of 12 independent regional Reserve Banks that, along with the Board of Governors in Washington, D.C., serve as our nation’s central bank. Together, we’re working to help you be more confident in your financial decisions and in our nation’s economic and financial systems. We serve the public and communities in the Federal Reserve’s Fifth District, including the Carolinas, Maryland, Virginia, West Virginia and our nation’s capital. We’re headquartered in Richmond, Virginia, with offices in Baltimore, Maryland, and Charlotte, North Carolina. The Federal Reserve has an impact on your financial well-being and the broader economy by helping promote stable prices, employment and moderate interest rates. We also help ensure the safety and soundness of the financial system — from working with banks to make sure they’re financially healthy, to providing a secure and efficient way to get your payments get from point A to point B. We provide teachers with tools to educate their students about the economy. And we connect with community and business leaders and organizations to better understand local economic conditions, as well as help understand and address economic issues facing low income communities. Learn more at richmondfed.org, or follow us on: • Facebook (federalreservebankofrichmond) • Twitter (@richmondfed) • Instagram (@richmondfed) • YouTube (richmondfed)
- Website
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http://www.richmondfed.org
External link for Federal Reserve Bank of Richmond
- Industry
- Banking
- Company size
- 1,001-5,000 employees
- Headquarters
- Richmond, VA
- Type
- Nonprofit
- Founded
- 1915
- Specialties
- Monetary Policy, Bank Supervision, Financial Education, Financial Services, Economic Research, Bank Examination, Payment Systems, Economic Education, Community Development, FOMC, Consumer Affairs, Electronic Payment Service, Data Security, Information Technology, and Risk Management
Locations
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Primary
701 East Byrd Street
Richmond, VA 23219, US
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502 S Sharp St
Baltimore, Maryland 21201, US
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530 E Trade St
Charlotte, North Carolina 28202, US
Employees at Federal Reserve Bank of Richmond
Updates
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ALERT: Be aware of potentially fake online job postings that claim to be applications for Federal Reserve positions. Please verify and apply to jobs on the Federal Reserve System Careers site or through verified Federal Reserve Bank social media channels: https://lnkd.in/gj8WAypd
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Earlier this week, we shared how our Boards of Directors connect us with the communities we serve and provide diverse economic insights to inform monetary policymaking. Today, we're excited to announce our newest director for Richmond: Scott Werry, managing partner for Altas Partners. Learn more about Scott and our Boards of Directors: https://bit.ly/3K4YmIx
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One objective when the Richmond Fed began the first pilot phase of the Survey of Community College Outcomes (SCCO) was to generate a measure of success tailored to community colleges. In the latest Community College Insights, the blog that features deep-dive analysis and commentary from the SCCO survey team, Stephanie Norris, a senior research analyst, explores the Richmond Fed’s success rates from the 2023 survey and illustrates how community colleges succeed in different ways. To learn more, including the importance of using a more inclusive approach to assessing the extent to which a community college fulfills its role, visit: Inclusive Pathways to Success: https://bit.ly/4csaC3B #CommunityCollegeInsights #CommunityColleges #Survey
Inclusive Pathways to Success: Why Community Colleges Require Different Criteria
richmondfed.org
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Our Community Conversations series helps us to stay informed about the needs of communities throughout the Fifth district. Members of our outreach team, including community development and regional manager Erika Bell, travel to visit with business and community leaders to better understand their challenges and successes. The information gained helps Erika and her teammates understand and promote community development in these areas, with a focus on low-and-moderate income households, rural communities and small towns. Learn how Erika's upbringing in rural South Carolina uniquely prepared her to facilitate Community Conversations and engage with community leaders in her role at the Richmond Fed. https://lnkd.in/eW3HdzrY
Erika Bell, Richmond Fed - Inspire Stories
https://fedcommunities.org
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In 2022, the U.S. Census Bureau announced that international migration to the United States had returned to pre-COVID-19 pandemic levels, and recent estimates suggest immigration has surged to unprecedented levels. In the Fifth District, about 20 percent of urban counties saw international migration rates higher than the nation's. The District of Columbia, Maryland, and Virginia experienced a higher net international migration rate (driven by in-migration to the D.C. metro area), but some rural places experienced notable international migration as well. In this Regional Matters, the Richmond Fed's blog that examines local, regional and national data that matter to the Fifth District economy and our communities, Surekha Carpenter, an intermediate research analyst, and Adam Scavette, a regional economist, analyze recent census data to understand how the flow of international migration changed in the Fifth District from the onset of the pandemic. Learn more here: https://bit.ly/3Y0dQHj #RegionalMatters #InternationalMigration #Immigration
Understanding Immigration in the Fifth District: Where Did International Migrants Settle?
richmondfed.org
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Our Boards of Directors play a critical role in the effective functioning of the Federal Reserve System. They help us connect with the communities we serve and provide diverse economic insights to inform monetary policymaking. Learn more about the Richmond Board of Directors and Branch Boards below, and read more about our Board here: https://lnkd.in/eayMwqRV
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What is the importance of appropriately identifying and managing funding concentrations? Lead Examiner Andrew Giltner from the Federal Reserve Bank of Chicago discusses some of the most prevalent balance sheet concentrations held by community banks, highlighting key concentration risks and discussing the current guidance and supervisory expectations for prudent concentration risk management practices. Read the full article here: https://bit.ly/4bAWwfj Community Banking Connections is a source for information on guidance, resources and tools to help community banks across the United States: https://bit.ly/3LnmN6a
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Almost two decades ago at the annual conference of central bankers in Jackson Hole, Wyoming, Raghuram Rajan created a stir. In a presentation, he argued that a hidden danger of massive failures was lurking in the global financial system. Two years later, his warning was borne out as the global financial crisis hit and economies cratered. Rajan, the 2013-2016 head of India's central bank, Reserve Bank of India (RBI), is now a finance professor at The University of Chicago Booth School of Business whose research has considered the implications of central banks maintaining large asset holdings and the effects of shrinking those holdings. In the latest interview of Econ Focus, the Richmond Fed's magazine, Rajan discusses leading a central bank, creating a digital payment system, and India's future in professional services. Learn more here: https://bit.ly/3Wof5Pr #EconFocus #CentralBanking
Raghuram Rajan
richmondfed.org
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You’re probably wondering, how is the economy, really? Regional Executives Andy Bauer and Renee Haltom regularly speak with business and community leaders in the Richmond Fed’s Fifth District as well as follow the latest national and regional economic data. Hear what they have to say in Speaking of the Economy, the Richmond Fed’s podcast, on why consumers and businesses are telling a different story about the economy than the data suggests: https://bit.ly/45XApOO #SpeakingoftheEconomy #BusinessCycles
How is the Economy, Really?
richmondfed.org