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 ?
United States Federal Reserve chairman Alan Greenspan is expected to soothe the markets by signalling a continuation of the Fed's steady-asshe-goes interest rate policy.
Alan Greenspan has been reappointed chairman of the United States Federal Reserve for a fifth and final term.
FBN has also filed lawsuits against the United States Treasury and United States Federal Reserve over their failure to respond to FOIA requests regarding use of the bailout funds and the Federal Reserve's extended loan facilities.
15 as markets turned volatile ahead of a closely watched United States Federal reserve policy meet that may indicate timing of rate hike.
Economists are of different opinions about whether 1 percent will remain a rock bottom floor for the ECB, or whether it will eventually join the United States Federal Reserve and the Bank of England in pushing rates closer to zero.
Alan Greenspan, former chairman of the United States Federal Reserve
Over the past 20 years, central banks around the world, including the United States Federal Reserve, pursued price stability with remarkable success.
In fact, unlike the United States Federal Reserve, the ECB cannot simply implement quantitative easing by buying government bonds because the European Union does not have a common government bond.
Banks in Hong Kong have decided to leave their base rates unchanged following the United States Federal Reserve, according to a report by Xinhua News.
And if the United States Federal Reserve, goes for an interest rates cut tonight to help boost its struggling economy, there will be even more pressure on the Bank to act.
Meanwhile, the Bank of England's Monetary Policy Committee said yesterday it would not hint at its thoughts on future rate moves in the way the United States Federal Reserve does.
NEW YORK -- The United States Federal Reserve Board today approved the application of China Construction Bank Corporation, a bank organized under the laws of the People's Republic of China, to establish a state licensed branch in New York.

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