Federal Reserve System
Babylon English English dictionaryDownload this dictionary
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

Wikipedia English The Free EncyclopediaDownload this dictionary
Federal Reserve System
The Federal Reserve System (also known as the Federal Reserve, and informally as the Fed) is the central banking system of the United States. It was created on December 23, 1913 with the enactment of the Federal Reserve Act, largely in response to a series of financial panics, particularly a severe panic in 1907. Over time, the roles and responsibilities of the Federal Reserve System have expanded and its structure has evolved. Events such as the Great Depression were major factors leading to changes in the system.

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WordNet 2.0 DictionaryDownload this dictionary
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


Campbell R. Harvey's Hypertextual Finance DictionaryDownload this dictionary
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.
UNODC Money Laundering Terms DictionaryDownload this dictionary
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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