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Federal Reserve Bank of Richmond

The Federal Reserve Bank of Richmond is the headquarters of the Fifth District of the Federal Reserve located in Richmond, Virginia. It is one of the 12 Federal Reserve Banks in the Federal Reserve System. The Federal Reserve Bank of Richmond is also referred to as the Richmond Fed.

The Richmond Fed serves the Fifth Federal Reserve District, covering the District of Columbia, Maryland, North Carolina, South Carolina, Virginia, and most of West Virginia excluding the Northern Panhandle.

The Richmond Fed shares economic research, data, resources, and education about how the economy works. It hosts interactive exhibits, such as The Fed Experience in Richmond.  The Richmond Fed also provides financial literacy programs and training for teachers.

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Bitcoin

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Central Bank

A central bank is an institution that manages the currency and monetary policy of a state or formal monetary union, and oversees their commercial...

Fractional Reserve Banking

Fractional reserve banking is the most common form of banking practiced by commercial banks worldwide. It involves banks accepting deposits from customers and making...

Reserve Bank of New Zealand

The Reserve Bank of New Zealand is New Zealand's central bank. It was established in 1934, and although not a government department, has been...

Pip

What Is a Pip? Pip is an acronym for "percentage in point". A pip is the smallest price move that an exchange rate can make...