Federal Reserve Bank


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Federal Reserve Bank

One of the 12 member banks constituting the Federal Reserve System that is responsible for overseeing the commercial and savings banks of its region to ensure their compliance with regulation.

Federal Reserve Bank

One of 12 banks that make up the Federal Reserve System. Each Federal Reserve Bank has the authority to regulate member banks in its region, as well as regulate the money supply. Every member bank is required to buy stock in its district's Federal Reserve Bank in order to support its efforts. There are Federal Reserve Banks in Atlanta, Boston, Chicago, Cleveland, Dallas, Kansas City, Minneapolis, New York, Philadelphia, Richmond, San Francisco, and St. Louis. Of these, the New York Federal Reserve is the most important and has the most responsibilities.

Federal Reserve Bank

the CENTRAL BANK of the USA
References in periodicals archive ?
The Board on May 20, 2003, also approved a final rule that deletes obsolete numbers from and adds new numbers to the list of routing numbers in Appendix A for checks drawn on Federal Reserve Banks and Federal Home Loan Banks.
Also available from Publications Fulfillment is a separately printed companion document, Annual Report, Budget Review, 2003, which describes the budget expenses of the Federal Reserve Banks for 2003, the 2003 phase of the Board's current two-year (2003-04) budget, and income and expenses for 2001 and 2002.
The Birmingham cash depot will be serviced by the Federal Reserve Bank of Atlanta's head office, the Oklahoma City cash depot will be serviced by the Federal Reserve Bank of Dallas' head office, and the Portland cash depot will be serviced by the Federal Reserve Bank of San Francisco's Seattle office.
Miami Agency, Miami, Florida; the New York State Banking Department, New York, New York; the State of Florida Office of Financial Regulation, Tallahassee, Florida; the Federal Reserve Bank of New York; and the Federal Reserve Bank of Atlanta.
As of April 16, 2005, the Detroit Branch office of the Federal Reserve Bank of Chicago no longer processes checks, and banks served by that office have been reassigned to the head office of the Federal Reserve Bank of Cleveland.
The Federal Reserve Board announced on February 9, 2005, the execution of a written agreement by and between Bank of America Corporation, Charlotte, North Carolina, a bank holding company, and the Federal Reserve Bank of Richmond.
Before joining the Board, she worked at the Federal Reserve Bank of Dallas as a consumer examination analyst.

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