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A Historical Analysis of the Federal Income Tax

Income taxes have been the main source of government revenue for more than 100 years, but tariffs once played a greater role in financing government activity.

What we do:

We work in the public’s interest by supporting economic and financial stability.

Jeffrey Schmid
President and Chief Executive Officer

Read his latest speech, "Agriculture, the Economy, and the Kansas City Fed."

Learn More About the Federal Reserve's Mission

The Federal Reserve System is made up of 12 regional Reserve Banks that, along with the Board of Governors in Washington, D.C., make up our nation's central bank.

Latest Data for the KC Fed Labor Market Conditions Indicators

Find the most recent monthly readings for the level of activity and momentum indicators.

Labor Market Conditions Indicators

Fixed Costs in the U.S. Banking System

Since the 1990s, banks’ fixed costs have increased substantially while marginal and...

Research Working Papers

Tenth District Services Activity Fell in August

Growth in Tenth District services activity fell in August, while expectations for future activity moderated but remained...

Economic Mobility for Lower-Income Households Improved in Fall 2025, Overall Conditions Remain Poor

Responses to the fall 2025 Community Conditions Survey suggest that conditions improved slightly in the Tenth Federal Reserve...

Community Conditions Survey

Tenth District Manufacturing Activity Increased Further in August

Tenth District manufacturing activity increased steadily, while expectations for future activity remained expansionary. The...

Kansas City Fed Hosted the Jackson Hole Economic Policy Symposium Aug. 27-29

The Federal Reserve Bank of Kansas City hosts central bankers, policymakers, academics and economists at its annual economic policy symposium.

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Events

2026 Banking & Supervision Forum - Wichita, KS , CDT External

This in-person forum will provide an opportunity for district bankers to join us for a discussion on emerging topics and economic conditions.

2026 Kansas City Economic Outlook , CDT 1 Memorial Drive

In partnership with the Mid-America Regional Council (MARC), the Federal Reserve Bank of Kansas City invites you to join for the Kansas City Economic Outlook Conference. This event will provide business and community leaders in the Kansas City area with timely insights and understanding of current economic conditions, namely those impacting regional and industry growth.

2026 Banking & Supervision Forum - Kansas City, MO , CDT 1 Memorial Drive

This in-person forum will provide an opportunity for district bankers to join us for a discussion on emerging topics and economic conditions.

More events

About the Kansas City Fed

The Federal Reserve Bank of Kansas City is one of 12 regional Reserve Banks that, along with the Board of Governors in Washington, D.C., make up our nation's central bank.

Our Mission

We work in the public’s interest by supporting economic and financial stability.

Learn More