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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 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. 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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