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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, "The Strategic Imperative of Instant Payments for Community Banks."

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.

New legislation broadens reciprocal deposit reporting guidelines

Under the 21st Century ROAD to Housing Act, community banks can now exclude more...

B2B Payments: A Gradual Shift from Checks to Electronic Payments

Over the past decade, U.S. businesses have increasingly used electronic payment...

Payments System Research Briefing

Weighing the Wages: Investigating Community College Enrollment Declines

Despite a recent uptick following the COVID-19 pandemic, U.S. community college enrollment rates have fallen sharply since 2010.

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

Understanding Wyoming’s Economy: Local Realities, Open Spaces and the Kansas City Fed’s Outreach

The Kansas City Fed's recent outreach visit explored Wyoming’s interconnected economy to help inform national policy.

2026 Jackson Hole Economic Policy Symposium Explores Financial Innovation, Centers Instant Payments

The Federal Reserve Bank of Kansas City’s 49th annual event, “Financial Innovation: Implications for Payments and Policy,” focused on how technological advancements are redefining financial...

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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.

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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