Federal Reserve Banks

Federal Reserve Banks
USA
A network of 12 regional banks and their branches that serve as the operating arms of the Federal Reserve System (the Fed). The Federal Reserve Banks, of which the Federal Reserve Bank of New York (FRBNY) is the most prominent:
• Operate a nationwide payment system.
• Distribute the nation's currency and coin.
• Supervise and regulate member banks and bank holding companies (bank holding company).
• Serve as banker for the US Department of the Treasury.
• Act as depository for banks in its region.
The 12 Federal Reserve Banks are located in Boston, New York, Philadelphia, Cleveland, Richmond, Atlanta, Chicago, St. Louis, Minneapolis, Kansas City, Dallas and San Francisco.

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

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Look at other dictionaries:

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  • Federal Reserve Act — Full title An Act To provide for the establishment of Federal reserve banks, to furnish an elastic currency, to afford means of rediscounting commercial paper, to establish a more effective supervision of banking in the United States, and for… …   Wikipedia

  • Federal Reserve Bank of New York — building The Federal Reserve Bank of New York is one of the 12 Federal Reserve Banks of the United States. It is located at 33 Liberty Place, New York, NY. It is responsible for the Second District of the Federal Reserve System, which encompasses …   Wikipedia

  • Federal Reserve System — Federal Reserve System …   Deutsch Wikipedia

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  • Federal Reserve Bank of Dallas — building The Federal Reserve Bank of Dallas covers the Eleventh Federal Reserve District, which includes Texas, northern Louisiana and southern New Mexico. The Federal Reserve Bank of Dallas is one of 12 regional Reserve Banks that, along with… …   Wikipedia

  • Federal Reserve — Réserve fédérale des États Unis Réserve fédérale des États Unis Federal Reserve System Siège Washington, D.C. Création 23 décembre  …   Wikipédia en Français

  • Federal Reserve Bank — Réserve fédérale des États Unis Réserve fédérale des États Unis Federal Reserve System Siège Washington, D.C. Création 23 décembre  …   Wikipédia en Français

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