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.
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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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

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.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.

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.

Dictionary of Financial Terms. Copyright © 2008 Lightbulb Press, Inc. All Rights Reserved.

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.

The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.
References in periodicals archive ?
The Federal Reserve Board of Governors established its CDIAC in 2010 as a mechanism for community banks, thrift institutions, and credit unions (with assets of $10 billion or less) to provide input to the Board on the economy, lending conditions and other issues.
The Federal Reserve Board of Governors unanimously voted to cancel a threshold that would hike interest rates once the unemployment rate hits 6.5 percent, according to the minutes of the Fed's March policy meeting released on Wednesday, a sign monetary authorities are growing concerned over low inflation rates, said the report, released by the National Bank of Kuwait (NBK).
The bank said that it had received approval from the Federal Reserve Bank of San Francisco and the Federal Reserve board of governors to pay all deferred interest on its junior subordinated notes underlying its trust preferred securities.
The Federal Reserve Board of Governors, along with the Federal Deposit Insurance Corporation (FDIC), has issued a final rule implementing the "living will" requirements of the Dodd-Frank Wall Street Reform and Consumer Protection Act.
The dollar rose 12 3/8 percent on a trade-weighted basis as measured by the staff of the Federal Reserve Board of Governors.
* Valentin Bolotnyy, Federal Reserve Board of Governors, "The Government-Sponsored Enterprises and the Mortgage Crisis: The Role of the Affordable Housing Goals"
The Federal Reserve Board of Governors has also set up a group to coordinate work involving financial stability.
Naples, Flordia-based Orion Bank is 'critically undercapitalised,' the Federal Reserve board of governors has said in an order directing the bank to take prompt corrective action.
On a trade-weighted basis, as measured by the staff of the Federal Reserve Board of Governors, the dollar declined about 6 percent.
Before moving to the Johns Hopkins University in 1995, he worked at the Federal Reserve Board of Governors in Washington, DC.

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