Federal Reserve Bank of Richmond Overview

The Federal Reserve Bank of Richmond is the headquarters of the Fifth District of the Federal Reserve located in Richmond, Virginia.
The staff at Federal Reserve Bank of Richmond come from unusually diverse demographic backgrounds. The organization is 46.2% female and 41.0% ethnic minorities. Federal Reserve Bank of Richmond employees are slightly more likely to be members of the Democratic Party than the Republican Party, with 60.0% of employees identifying as members of the Democratic Party. Despite their political differences, employees at Federal Reserve Bank of Richmond seem to be happy. The organization has great employee retention with staff members usually staying for 6.7 years. The average employee at Federal Reserve Bank of Richmond makes $95,623 per year. In comparison, some of its highest paying competitors, like Federal Reserve System, Moody's, and Silicon Valley Bank, pay $116,230, $101,732, and $101,485, respectively.
A large finance organization with 2,500 employees and an annual revenue of $213.7M, Federal Reserve Bank of Richmond is headquartered in Richmond, VA.

The Organization’s Mission

We strengthen the economy and our communities by fostering the stability, integrity and efficiency of our nation's monetary, financial and payments systems.

Industry

Banks

Revenue

$213.7M

Employees

2,500

Founded in

1915

Headquarters

Richmond, VA

Website

www.richmondfed.org

Organization Type

Nonprofit

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The Team At Federal Reserve Bank of Richmond

Key People

    Tom Barkin (President and Chief Executive Officer)

    Mark Mullinix (Founder, First Vice President & Chief Operating Officer)

Federal Reserve Bank of Richmond Company Rankings

Federal Reserve Bank of Richmond is ranked #71 on the Best Companies to Work For in Virginia list. Zippia's Best Places to Work lists provide unbiased, data-based evaluations of companies. Rankings are based on government and proprietary data on salaries, company financial health, and employee diversity.

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Federal Reserve Bank of Richmond Salaries

How much does Federal Reserve Bank of Richmond pay?
The national average salary for a Federal Reserve Bank of Richmond employee in the United States is $95,623 per year. Employees in the top 10 percent can make over $144,000 per year, while employees at the bottom 10 percent earn less than $63,000 per year.
9.8
Salary Score
Average Employee Earnings

Federal Reserve Bank of Richmond Salaries By Job Title

While Federal Reserve Bank of Richmond employees earn an average yearly salary of $95,623, different roles can command different wages. Some of the positions that earn high wages at Federal Reserve Bank of Richmond include economist, enterprise data architect, bank examiner, and market risk specialist. A worker with the title economist salary at Federal Reserve Bank of Richmond can earn an average yearly salary of $151,643. To get a better sense of the salaries at Federal Reserve Bank of Richmond, other roles such as customer service representative and administrative assistant can be considered as well. For comparison, the title customer service representative at Federal Reserve Bank of Richmond earns $44,007 per year.
Job Title
Title
ascdesc
Average Salarydesc
Economist
Salary Range139k - 165k$152k$151,643
Enterprise Data Architect
Salary Range127k - 146k$137k$136,749
Bank Examiner
Salary Range127k - 141k$134k$134,480
Market Risk Specialist
Salary Range123k - 139k$132k$131,503
Project Manager
Salary Range117k - 141k$129k$129,206
Process Checker
Salary Range117k - 134k$126k$125,761
Cash Manager
Salary Range118k - 132k$125k$125,360
Human Resources Consultant
Salary Range103k - 117k$110k$110,417
Director
Salary Range97k - 121k$109k$109,096
Staff Sergeant
Salary Range103k - 112k$108k$108,246
$89k
$165k

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Federal Reserve Bank of Richmond Careers

On average, employees at Federal Reserve Bank of Richmond stay with the company for 6.7 years. Employees most commonly join Federal Reserve Bank of Richmond after leaving Capital One. When they leave Federal Reserve Bank of Richmond, they most frequently get their next job at Capital One.

Top Employers Before Federal Reserve Bank of Richmond

6.2 %

Top Employers After Federal Reserve Bank of Richmond

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Federal Reserve Bank of Richmond Employee Demographics

9.5
Diversity Score
We calculated the diversity score of companies by measuring multiple factors, including the ethnic background, gender identity, and language skills of their workforce.

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Federal Reserve Bank of Richmond Employees Education

Of the 2,500 employees at Federal Reserve Bank of Richmond, 40.5% attended Virginia Commonwealth University. Employees at Federal Reserve Bank of Richmond most frequently majored in Business, and most employees’ highest level of education is a Bachelors.

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Federal Reserve Bank of Richmond Employee Political Affiliation

Federal Reserve Bank of Richmond employees are most likely to be members of the Democratic Party. The largest donation made to a political party by a Federal Reserve Bank of Richmond employee was by Stephanie Shetterly. Stephanie Shetterly donated $2,000 to the Republican Party.

Employee Political Donations

NameascdescJob TitleascdescPartyascdescDonationascdesc
Stephanie ShetterlyAssistant Vice President
Assistant Vice President
Republican Party
$2,000Republican Party
Vincent LocherExaminer
Examiner
Republican Party
$1,084Republican Party
Stephen HarnerInformation Technology Auditor
Information Technology Auditor
Republican Party
$950Republican Party
Sandra TormoenCommunications Officer
Communications Officer
Democratic Party
$805Democratic Party
Robert BealsAnalyst
Analyst
Republican Party
$750Republican Party
Joni MarshallCPC
CPC
Republican Party
$375Republican Party
Deborah SwankInformation Security Analyst
Information Security Analyst
Democratic Party
$370Democratic Party
Jackson EvertEconomic Research Analyst
Economic Research Analyst
Democratic Party
$300Democratic Party
Coleen NearyAnalyst
Analyst
Democratic Party
$270Democratic Party
Dwight FoleyBank Examiner
Bank Examiner
Democratic Party
$250Democratic Party
Show More

Federal Reserve Bank of Richmond Financial Performance

8.6
Performance Score
We calculated the performance score of companies by measuring multiple factors, including revenue, longevity, and stock market performance.

Revenue

$100M - $1B

Founded in

1915

Organization type

Nonprofit

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Federal Reserve Bank of Richmond Competitors

Some of the competitors of Federal Reserve Bank of Richmond are Federal Reserve System, Moody's, and Silicon Valley Bank. The average salaries at Federal Reserve System rank the highest, with their employees earning an average salary of $116,230 per year. The employees at Moody's earn an average yearly salary of $101,732 per year, and the salaries at Silicon Valley Bank average $101,485 per year.
Companydesc
Average Salarydesc
Federal Reserve System
Salary Range95k - 141k$116k$116,230
Moody's
Salary Range81k - 127k$102k$101,732
Silicon Valley Bank
Salary Range82k - 124k$101k$101,485
Federal Reserve Bank of New York
Salary Range81k - 124k$101k$100,844
Wellington Management Company
Salary Range79k - 123k$99k$99,245
Northern Trust
Salary Range76k - 125k$98k$98,017
Federal Reserve Bank of SAN Francisco
Salary Range77k - 117k$95k$95,402
Federal Reserve Bank of Boston
Salary Range76k - 118k$95k$95,263
Russell Investments Group
Salary Range74k - 112k$91k$91,373
Federal Reserve Bank of Kansas City
Salary Range70k - 111k$89k$88,715
$40k
$141k

Frequently Asked Questions about Federal Reserve Bank of Richmond

When was Federal Reserve Bank of Richmond founded?

Federal Reserve Bank of Richmond was founded in 1915.

How many Employees does Federal Reserve Bank of Richmond have?

Federal Reserve Bank of Richmond has 2,500 employees.

How much money does Federal Reserve Bank of Richmond make?

Federal Reserve Bank of Richmond generates $213.7M in revenue.

What industry is Federal Reserve Bank of Richmond in?

Federal Reserve Bank of Richmond is in the banks industry.

What is Federal Reserve Bank of Richmond's mission?

Federal Reserve Bank of Richmond's mission statement is "We strengthen the economy and our communities by fostering the stability, integrity and efficiency of our nation's monetary, financial and payments systems."

What type of company is Federal Reserve Bank of Richmond?

Federal Reserve Bank of Richmond is a nonprofit company.

Who are Federal Reserve Bank of Richmond's competitors?

Federal Reserve Bank of Richmond competitors include Federal Reserve System, Federal Reserve Bank of SAN Francisco, Federal Reserve Bank of Minneapolis, Federal Reserve Bank of Boston, Federal Reserve Bank of Kansas City, Federal Reserve Bank of New York, Options Clearing, Federal Reserve Bank of Atlanta, Federal Reserve Bank of Chicago, Federal Reserve Bank of Cleveland, International Monetary Fund, Moody's, World Bank, Wellington Management Company, Russell Investments Group, Silicon Valley Bank, SEI Investments, Longview Financial, Integrys Business Support, Northern Trust.

Who works at Federal Reserve Bank of Richmond?

Tom Barkin (President and Chief Executive Officer)

Mark Mullinix (Founder, First Vice President & Chief Operating Officer)

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Updated October 27, 2021

Zippia gives an in-depth look into the details of Federal Reserve Bank of Richmond, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Federal Reserve Bank of Richmond. The employee data is based on information from people who have self-reported their past or current employments at Federal Reserve Bank of Richmond. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions, or for the results obtained from the use of this information. The data presented on this page does not represent the view of Federal Reserve Bank of Richmond and its employees or that of Zippia.

Federal Reserve Bank of Richmond may also be known as or be related to FEDERAL RESERVE BANK OF RICHMOND and Federal Reserve Bank of Richmond.