Federal Reserve System
n.
system founded in 1913 in the USA by Congress that comprises of 12 Federal Reserve banks and the Board of Governors
Federal Reserve System
The Federal Reserve System (also the Federal Reserve; informally The Fed) is the
central banking system of the
United States. The Federal Reserve System, created in 1913, is a private banking system composed of (1) the presidentially-appointed
Board of Governors of the Federal Reserve System in
Washington, D.C.; (2) the
Federal Open Market Committee; (3) 12 regional Federal Reserve Banks located in major cities throughout the nation acting as fiscal agents for the U.S. Treasury, each with its own nine-member board of directors; (4) numerous private U.S. member banks, which subscribe to required amounts of non-transferable
stock in their regional Federal Reserve Banks; and (5) various advisory councils.
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Federal Reserve System
Noun
1. the central bank of the United States; incorporates 12 Federal Reserve branch banks and all national banks and state charted commercial banks and some trust companies; "the Fed seeks to control the United States economy by raising and lowering short-term interest rates and the money supply"
(synonym) Federal Reserve, Fed, FRS
(hypernym) central bank
(member-meronym) Federal Reserve Bank, reserve bank
Federal Reserve System
The central bank of the U.S., established in 1913, and governed by the Federal Reserve Board located in Washington, D.C. The system includes 12 Federal Reserve Banks and is authorized to regulate
monetary policy in the U.S. as well as to supervise Federal Reserve member banks, bank holding companies, international operations of U.S. banks, and U.S. operations of foreign banks.
Federal Reserve System
The Federal Reserve System is the central bank of the United States. It was founded by Congress in 1913 to provide the nation with a safer, more flexible, and more stable monetary and financial system. Over the years its role in banking and the economy has expanded. Today, the Federal Reserve's duties fall into four general areas: 1) conducting the nation's monetary policy; 2) supervising and regulating banking institutions; 3) maintaining the stability of the financial system and containing systemic risk that may arise in financial markets; and 4) providing certain financial services to the U.S. government, to the public, to financial institutions, and to foreign official institutions.
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