The Fed, as it is also known, was established by the US Congress in 1913 and comprises 12 regional Federal Reserve banks, the largest being the Federal Reserve Bank of New York. These regional banks are governed by the Federal Reserve Board, and together act as the US central bank.
Federal Reserve - The national institution which handles the management of monetary systems in the United States.
The ‘Fed' is the Central Bank of the USA – responsible amongst other things for their prime rate decisions.
The American central bank.
Established in 1913 to stabilize the country's financial system, the Federal Reserve System - known as the Fed - is the central bank of the US. The seven-member Federal Reserve Board oversees the banking system and sets national monetary policy, with the goal of keeping the US economy healthy and its currency stable.
The organization created by the 1913 Federal Reserve Act. The system includes the twelve Federal Reserve banks and their branches, plus the member banks which are its legal owners. The Board of Governors, headquartered in Washington, exercises overall control over the nationwide operation of the Federal Reserve System.
The Central Bank of the United States.
The centralized United States bank, which sets interest rates and manages the flow of cash to local and regional banks, and helps to guarantee the security of the U.S. banking system.
The U.S. central bank. The Federal Reserve sets monetary policy, oversees financial institutions and seeks to maintain financial stability.
The US central bank comprising 12 regional Federal Reserve banks (the largest is the Federal Reserve Bank of New York) governed by the Federal Reserve Board.
The Central Bank for the United States.
A central bank that monitors and influences the total supply of money and credit through its 12 regional offices. The Federal Reserves Board sets interest rates, maintains the flow of cash to local and regional banks, clears checks, provides deposit insurance, and helps guarantee the stability and security of the U.S. banking system.
The U.S. government body which overseas commercial and savings banks in the practice of Federal Reserve policies. The body also acts as a depository for member banks and provides money transfer and other services such as cheque clearing. The Federal Reserve sets the discount interest rate and expands or contracts the availability of credit.
Central bank of the United States and major regulatory agency for many commercial banks.
The central bank of the U.S. that sets monetary policy. The Federal Reserve oversees money supply, interest rates and credit with the goal of keeping the U.S. economy and currency stable. Governed by a seven-member board, the system includes 12 regional Federal Reserve Banks, 25 branches and all national and state banks that are part of the system. Also called the Fed.
