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We’re one of 12 regional Federal Reserve Banks working together with the Board of Governors to support a healthy economy. Our job is to serve the American public — to serve you. And our mission is to foster economic stability and strength.

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We work to support a safe and sound financial system and foster an efficient and accessible payments system.
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Economic Research
We conduct research to support policymaking and thought leadership on issues important to the Federal Reserve and the Fifth District. We also inform the public through our data and economic analysis, publications, presentations and educational resources.

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We share research, data and resources and regularly engage regional leaders and policymakers to understand and address community‑specific economic issues.
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We work with teachers, students and the public to enhance understanding of economics, personal finance and the Federal Reserve.

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Economic Review

Nov/Dec, 1989

Estimating Intertemporal Elasticity of Substitution

Ching-Sheng Mao

Nov/Dec, 1989

Labor Market Data

Roy H. Webb and William Whelpley

Nov/Dec, 1989

Top Performing Small Banks: Making Money the Old-Fashioned Way

Benton E. Gup and John R. Walter

Sep/Oct, 1989

Some Further Results on the Source of Shift in M1 Demand in the 1980s

Sep/Oct, 1989

M2 and Monetary Policy

Robert L. Hetzel

Sep/Oct, 1989

The Changing Labor Force: Some Provocative Findings

William E. Cullison

Sep/Oct, 1989

Changes in Manufacturing Employment in North Carolina Counties, 1980-85

Does an inappropriate industry mix and structure condemn rural areas to a competitive disadvantage with respect to urban areas?

Christine Chmura and Jane Ihrig

Jul/Aug, 1989

Precursors of the P-Star Model

Thomas M. Humphrey

Jul/Aug, 1989

The U.S. Productivity Slowdown: What the Experts Say

William E. Cullison

Jul/Aug, 1989

Macroeconomic Price Indexes

Roy H. Webb and Rob Willemse

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Tim Sablik