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The Federal Reserve System (also the Federal Reserve; informally The Fed) is the central banking system of the United States.
The Federal Reserve System is a quasi-governmental, decentralized central bank. It is composed of a central Board of Governors of the Federal Reserve System in Washington, D.C., twelve regional Federal Reserve Banks located in major cities throughout the nation, numerous member banks and other entities (see below). Ben Bernanke serves as the current Chairman of the Board of Governors of the Federal Reserve.
The Federal Reserve System was created via the Federal Reserve Act of December 23rd, 1913 which "established a new central bank designed to add both flexibility and strength to the nation's financial system." The legislation provided for a system that included a number of regional Reserve Banks and a seven-member governing board. All national banks were required to join the system and other banks could join. The Reserve Banks opened for business on November 16th, 1914. Congress created Federal Reserve Notes to provide the nation with an elastic supply of currency. The notes were to be issued to Reserve Banks for subsequent transmittal to banking institutions in accordance with the needs of the public. It includes a system of eight to twelve regional reserve banks, owned by its commercial member banks and supervised by the Board of Governors. The board and its chairman are appointed by the president and approved by the Senate.
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Financial Services :: Business and Economy
Government :: United States
United States :: North America
Greenspan, Alan :: People
NY Fed | News | Banking
Senior Supervisors Group issues report on risk management practices
Senior financial supervisors from seven countries (collectively the "senior Supervisors Group') today issued a report that evaluates how weaknesses in risk management and internal controls contributed to industry distress during the financial crisis.
Board of Governors of the Federal Reserve System - Board of Governors of the Federal Reserve System in Washington D.C.
Meta Description: [ The Federal Reserve Board of Governors in Washington DC. ]
Discount Window - Federal Reserve System - Details operation of the various Discount-Window facilities.
Meta Description: [ This is the Federal Reserve Discount Window & Payments System Risk Website. You can find Federal Reserve interest rates, including the
Discount or Primary and Secondary lending Rate, Seasonal lending Rate and the Federal Funds Target on this website. Documentation for setting up borrowing arrang... ]
Federal Reserve Bank of Atlanta - Sixth Federal Reserve District, which comprises Alabama, Florida, Georgia, parts of Louisiana, Mississippi, Tennessee, Puerto Rico and the US Virgin Islands. Economic and consumer information.
Meta Description: [ The Federal Reserve Bank of Atlanta is one of twelve regional Reserve Banks that, together with the Board of Governors, make up the Federal Reserve System. The Feds primary role is to foster a sound monetary and financial system and a healthy economy by formulating monetary policy, supervising a... ]
Federal Reserve Bank of Boston - First Federal Reserve District, which comprises Connecticut (except Fairfield County), Maine, Massachusetts, New Hampshire, Rhode Island and Vermont. Economic and banking information.
Federal Reserve Bank of Chicago - Seventh Federal Reserve District, which comprises Iowa, Indiana, Michigan, Wisconsin and most of Illinois. Economic, banking and historical information.
Federal Reserve Bank of Cleveland - Fourth Federal Reserve, which comprises Ohio, Pennsylvania, Kentucky and West Virginia. Banking and economic information.
Federal Reserve Bank of Dallas - Eleventh Federal Reserve, which comprises Texas, northern Louisiana and southern New Mexico. Banking and economic information.
Meta Description: [ As one of twelve regional Reserve Banks in the Federal Reserve System, the Dallas Fed serves the Eleventh Federal Reserve District, which consists of Texas, northern Louisiana and southern New Mexico. We've developed this web site to help you gather information about the role the Dallas Fed plays... ]
Federal Reserve Bank of Kansas City - Tenth Federal Reserve District, which comprises Kansas, Colorado, Nebraska, and Oklahoma. Economic and banking information, especially about rural America.
Federal Reserve Bank of Minneapolis - Ninth Federal Reserve District, which comprises Montana, North Dakota, South Dakota, Minnesota, northwestern Wisconsin and the Upper Peninsula of Michigan. Economic, banking, consumer and agricultural information.
Federal Reserve Bank of New York - Second Federal Reserve District, which comprises New York and most of New Jersey. Primus inter pares among the regional federal reserves because of its activities in the wholesale market.
Meta Description: [ The Federal Reserve Bank of New York plays a leadership role in monetary policy, financial supervision and the payments system. ]
Federal Reserve Bank of Philadelphia - Third Federal Reserve District, which comprises eastern Pennsylvania, southern New Jersey and Delaware. Economic and banking information.
Meta Description: [ The Federal Reserve Bank of Philadelphia serves depository institutions and the public in the Third District, which covers eastern Pennsylvania, southern New Jersey, and the entire state of Delaware. ]
Federal Reserve Bank of Richmond - Fifth Federal Reserve Bank of Richmond, which comprises Maryland, the District of Columbia, Virginia, North Carolina, South Carolina, and most of West Virginia. Banking economic and consumer information.
Federal Reserve Bank of San Francisco - Twelfth Federal Reserve District, which comprises Alaska, Arizona, California, Hawaii, Idaho, Nevada, Oregon, Utah, Washington, and American Samoa, Guam, and the Northern Mariana Islands. Economic, banking and consumer information.
Meta Description: [ The public web site of the Federal Reserve Bank of San Francisco. FRBSF is one of the twelve regional Federal Reserve banks across the U.S. that, with the Board of Governors in Washington, D.C., serve as our nation's central bank ]
Federal Reserve Bank of St. Louis - Eighth Federal Reserve, which comprises Arkansas, Illinois, Kentucky, Mississippi, Missouri and Tennessee. Banking and economic information.
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