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Federal Reserve Bank of Richmond

Financial Services Companies

Description

Federal Reserve Bank of Richmond sets monetary policy, supervises and regulates member financial institutions, and provides various financial services. It contributes to the formulation of national monetary policy; gathers and analyzes regional economic data; processes currency, check, and electronic payments for banks; and provides financial services to the U.S. Treasury. The company also provides banking services, including supervision and regulation services; community banking connections newsletter, a publication to address issues that community banks currently face, including providing resources on key supervisory guidance, highlighting new regulations, and offering perspectives from bank examiners and other federal reserve staff; and a supervision and regulation perspectives newsletter. In addition, it offers procurement and research services; handles requests from bank holding companies, state member banks, foreign organizations, and individuals to form a bank holding company, acquire a bank or a controlling interest in a banking organization, engage in certain non-bank activities, and merge with another bank or establish branches; and collects data from bank holding companies, depository institutions, other financial and non-financial entities, and consumers that is used for monetary policy development, supervision and regulation of the banking industry, and protection of consumer rights. Further, the company provides credit risk management and payments services; data on markets, trends, and statistics; education for bankers. It serves customers in District of Columbia, Maryland, Virginia, North Carolina, South Carolina, and West Virginia. Federal Reserve Bank of Richmond was founded in 1914 and is based in Richmond, Virginia with branch offices in Baltimore, Maryland; and Charlotte, North Carolina. It has Federal Reserve Districts in United States of America.

Corporate Address

701 East Byrd Street Richmond, VA23219 United States of America

United States of America

804-697-8000

Tags:

Individual Banking, Banking Markets, Personal Loans

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