Federal Reserve System

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Federal Reserve System

The monetary authority of the US, 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 US as well as to supervise Federal Reserve member banks, bank holding companies, international operations of US banks, and US operations of foreign banks.

Federal Reserve System

The central bank system of the United States. The Federal Reserve regulates the monetary policy of the United States, especially by setting the discount rate and the fed funds rate and by buying and selling U.S. Treasury securities. It consists of 12 regional banks that operate under the guidance of a Federal Reserve Board, whose seven members are appointed by the President of the United States. The Federal Reserve System has the authority to print money, a controversial measure both now and at the time it was founded. All federally-chartered banks must belong to the Federal Reserve System and purchase a certain amount of stock in the Federal Reserve bank in charge of their particular regions. The Federal Reserve System was established in 1913.

Federal Reserve System

The independent central bank that influences the supply of money and credit in the United States through its control of bank reserves. Federal Reserve actions have great impact on security prices. For example, restriction of bank reserves and lending ability in an attempt to restrain inflation tends to drive up interest rates and drive down security prices over the short run. Also called Fed. See also Federal Open Market Committee.

Federal Reserve System.

The Federal Reserve System, sometimes known as the Fed, is the central bank of the United States.

The Federal Reserve System, which was established in 1913 to stabilize the country's financial system, includes 12 regional Federal Reserve banks, 25 Federal Reserve branch banks, all national banks, and some state banks. Member banks must meet the Fed's financial standards.

Under the direction of a chairman, a seven-member Federal Reserve Board oversees the system and determines national monetary policy. Its goal is to keep the economy healthy and its currency stable.

The Fed's Open Market Committee (FOMC) sets the discount rate and establishes credit policies. The Federal Reserve Bank of New York puts those policies into action by buying and selling government securities.

Federal Reserve System

Often called “the Fed,”it is the central bank of the United States,created in 1913.It regulates credit through the interest rates it charges for short-term loans to financial institutions,supervises and regulates banking institutions,and provides advisory services to the government.Funding comes from interest on investments,fees for services to depository institutions,and interest on loans.The public usually comes into contact with the Fed in two ways:When the Federal Reserve chairman announces interest rate changes for loans to member financial institutions,almost all financial institutions change their interest rates within days afterward.In this way,the Fed controls the cost of credit to consumers.Additionally,it provides a central clearinghouse for checks drawn on different banks across the nation, making it possible for your bank in your home town to give you credit for a check drawn on another bank on the other side of the country.

References in periodicals archive ?
24% higher after Wall Street's overnight gains and US Federal Reserve chairman Alan Greenspan's optimistic outlook for the US economy.
US Federal Reserve declared that inflation rates are below the target set by the reserve at 2.
91% higher after Wall Street's overnight gains on positive consumer confidence data but the upside was limited by caution ahead of the US Federal Reserve decision on interest rates.
Fifth Third, as well as Northwestern University and the US Federal Reserve Bank shared their success with Radiant Logic virtual directories at Radiant Logic's 2nd Annual Virtual Directory User Meeting.
Summary: Gold fell for the third consecutive session on Wednesday to a six-week low, as markets paused for the US Federal Reserve to announce a reduction, albeit small, in its bullion-friendly stimulus measures.
The Australian dollar may be losing its momentum as three major banks in Australia have lowered their forecasts due to the phasing out stimulus of the US Federal Reserve and China's commodity prices.
The US Federal Reserve reports that the banks in the country have seen deposit withdrawals of unusually large amounts since the beginning of the year.
That after the issued report of the US federal reserve that showed an increase of US industrial production.
Summary: Expectations for US Federal Reserve interest rate hikes previously led to sharp US dollar rallies, but a clear deterioration in Fed rate forecasts has.
The Australian sharemarket closed marginally lower as investors awaited the outcome of this week's US Federal Reserve board meeting to set interest rates.
Our research, summarising some of the opinions of key economic experts including those from Harvard University, Massachusetts Institute of Technology, Berkeley, Morgan Stanley, Goldman Sachs, the US Treasury and the US Federal Reserve, shows an almost equal split of opinion over the dollar's future," says Jean-Michel Saliba, the report's author.
Summary: The rupee closed in on its record low on Wednesday morning as rising geopolitical tensions in the Middle East and the possibility of a withdrawal of monetary stimulus by the US Federal Reserve roiled risk assets.