Federal Reserve Bank of Richmond

As the nation’s central bank, the Federal Reserve sets monetary policy, supervises and regulates member financial institutions and provides an array of financial services.Jeff Lacker became president of the Federal Reserve Bank of Richmond on August 1, 2004. Previously, he was the Director of Research.The Management Committee, led by the president and first vice president and including senior executives from all our business areas across the Fifth District, establish and guide implementation of the operational and strategic goals of the Richmond Federal Reserve.