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Federal Reserve Bank |
Also found in: Dictionary/thesaurus, Acronyms, Encyclopedia, Wikipedia, Hutchinson | 0.01 sec. |
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Federal Reserve Bank The banks that carry out Fed operations, including controlling the money supply and regulating member banks. There are 12 District Feds, headquartered in Boston, New York, Philadelphia, Cleveland, St. Louis, San Francisco, Richmond, Atlanta, Chicago, Minneapolis, Kansas City, and Dallas. Notes: These banks are the operating arms of the central bank. They implement the policies of the Federal Reserve Board and also carry out economic research.They are also known as district Feds. 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. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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As of December 10, 2005, the Oklahoma City Branch office of the Federal Reserve Bank of Kansas City will no longer process checks, and depository institutions that were assigned to that office have been reassigned to the head office of the Federal Reserve Bank of Dallas. They are the directors of the Los Angeles branch of the Federal Reserve Bank in San Francisco, and they report monthly on important trends in the regional economy. A penny saved is a penny earned, but too many pennies saved is a big problem for the Federal Reserve Bank in Philadelphia. |
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Federal Reserve Bank
