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 ?
With the US Federal Reserve bank refusing to heed calls from emerging market central banks to halt its 'tapering' program last week, the stage is set for a return to the 'risk-on, risk-off' swings in investor sentiment in global financial markets.
It is presumed that the gold market is attracting investment again while the price advances in expectations running high for another stimulus package by the US Federal Reserve Bank.
The gold price has been falling, monthly, coinciding with forecast decision by the US Federal Reserve Bank to hike interest rate, next month.
Fears that the US Federal Reserve bank will begin cutting its stimulus to the American economy sooner than expected spooked world markets on Thursday, driving shares down.
But, it is also very likely that the US Federal Reserve Bank will keep interest rates low in the coming years and continue its quantitative easing programme, which might prove to be a drag on the dollar.
The US Federal Reserve Bank on Sunday approved the takeover.
One reaction to this seems to be the US Federal Reserve Bank is likely to cut interest rates to support the economy.
Earlier this year, DTCC added coverage of structured securities handled by the US Federal Reserve Bank (mostly securities created by Fannie Mae and Freddie Mac) to GCA VS, along with scheduled payments for global fixed income securities.
KUWAIT, July 30 (KUNA) -- The US dollar recovered vis a vis other major currencies after the US Federal Reserve Bank (the Central Bank) boosted confidence in the labor market, keeping interest rates unchanged, as the dollar index jumped 0.
Of those topping a list compiled by the US Federal Reserve Bank of the world's most quoted economics researchers, only a handful of names are European.
Its job - unlike that of the US Federal Reserve Bank - is to focus only on controlling inflation.
British blogger Hopi Sen wrote in his blog that the Lord obviously fell for a hoax, most likely by the so-called Office of International Treasury Control (OITC), a notorious, but elaborate fraudulent organisation which claims to be associated with the United Nations and the US Federal Reserve Bank.