Federal Reserve Bank Of Richmond

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Dictionary Says

Definition of 'Federal Reserve Bank Of Richmond'

The Federal Reserve bank located in Richmond, Va.; it is responsible for the fifth district and is one of 12 Reserve banks within the Federal Reserve System. The Federal Reserve Bank of Richmond's territory includes part of the state of West Virginia, as well as the entire states of Maryland, Virginia, North Carolina and South Carolina. It also covers Washington, D.C. It operates several branches within the district.
Investopedia Says

Investopedia explains 'Federal Reserve Bank Of Richmond'

The Federal Reserve Bank of Richmond is responsible for executing the central bank's monetary policy by reviewing price inflation and economic growth, and by regulating the banks within its territory. It provides cash to banks within its district, and monitors electronic deposits.

The president of the Federal Reserve Bank of Richmond, along with the presidents of the other banks and the seven governors of the Federal Reserve Board, meet to set interest rates every six weeks. This is referred to as the Federal Open Market Committee (FOMC).

Bank notes printed by the Federal Reserve Bank of Richmond are denoted by the mark "E5", which represents the fifth district (E is also the fifth letter of the alphabet).
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'Federal Reserve Bank Of Richmond'

  • The Banking System: Federal Reserve System | Investopedia

    http://www.investopedia.com/university/banking-system/banking-system10.asp
    ... Kansas City, Minneapolis, New York, Philadelphia, Richmond, St. Louis and San Francisco.
    Perhaps not surprisingly, the New York Federal Reserve bank is the ...

  • Series 7 Study Guide - Municipal Securities - Long Term Munis ...

    http://www.investopedia.com/exam-guide/series-7/municipal-securities/long-term-munis.asp
    ... Housing authorities, Revenue. Waste disposal districts, Revenue. Source: Federal
    Reserve Bank of Richmond (Va.). Advertisment - ExamPrep continues below. ...

  • The Demise Of The Defined-Benefit Plan

    http://www.investopedia.com/articles/retirement/06/DemiseofDBPlan.asp
    ... Versus Regular Pension Payments.) The New Reality of Retirement Thomas J. Mackell
    Jr., Chairman of the Board of the Federal Reserve Bank of Richmond, gave a ...

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