The Federal Reserve Bank of Richmond is one of the 12 regional Reserve Banks forming the Federal Reserve System, the central bank of the United States. Headquartered in Richmond, Virginia, it oversees the Fifth Federal Reserve District, which comprises Maryland, Virginia, North Carolina, South Carolina, and most of West Virginia. The bank's primary responsibilities are to ensure economic stability by promoting maximum employment, maintaining stable prices, and supporting moderate long-term interest rates. The Richmond Fed has a critical role in supervising and regulating financial institutions, providing essential financial services, and implementing national monetary policy. It also conducts extensive research to support effective policy decisions, contributing to a stable and secure financial system. Through its actions and initiatives, the Richmond Fed is dedicated to fostering a robust economic environment in its district and the nation.