Federal Reserve Bank of Richmond

Federal Reserve Bank of Richmond

Redevelopment in Western North Carolina

Hear What's Working >

What CFOs Say About AI Adoption

Supply Shock Sapping Inventories

Are Higher Gas Prices Driving a Selective Spending Squeeze?

"The Richmond Fed Success Rate is a measure of student success that takes into consideration the unique way that community colleges help their students find success and tries to capture pathways that traditional metrics might exclude."

Davy Sell

Research Analyst

Speaking of the Economy Podcast, Tracking Pathways to Success at Community Colleges

Listen to the episode >

Events Calendar

June 24, 2026

2026 State of Small Business Symposium

1 p.m. – 1:15 p.m. ET

Federal Reserve Bank of Cleveland
Cleveland, OH

June 25, 2026

Place-Based Strategies: Strengthening Rural Economies Through Investment

3 p.m. – 4:30 p.m.

Virtual

Sept. 30, 2026

Save the Date: 2026 Investing in Rural America Conference

Omni Grove Park Inn
Asheville, NC

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Who We Are and What We Do

As a regional Reserve Bank, the Richmond Fed works to strengthen the economy and the Fifth District communities we serve by helping to carry out the day-to-day operations of the Fed. Here's how we do it:

Help Keep Banks Safe and Sound

We help make sure banks in our district follow applicable laws and regulations.

Keep Cash and Payments Flowing

We help keep the country’s electronic payment system running and make sure banks have enough cash and coin to do business.

Represent the Regional Economy

We represent our region in national monetary policy discussions that aim to keep prices and employment stable.

Engage in Our Local Communities

We listen and learn from regional voices, and we provide economic education and community development resources in support of a stronger economy for all.

Contribute Specialized Knowledge

We share our unique expertise with the Federal Reserve System, like the work we do to understand and uplift the economies of rural areas and small towns.

By the Numbers

$4.39

per gallon was the average retail gasoline price on April 30, up from $2.98 per gallon on Feb. 26, according to data from AAA and compiled by the U.S. Energy Information Administration.

Read more about whether gas prices are driving a selective spending squeeze >