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.
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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.

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References in periodicals archive ?
When discussing the U.S. Federal Reserve's exit strategy, it is important to separate liquidity facilities from the stance of monetary policy.
dollar following the U.S. Federal Reserve's indication of a longer period for accommodative monetary policy.
Hedging for Losses Loan-loss-reserve ratio average for regional banks Area * 3Q 2008 3Q 2007 Arkansas 1.40% 1.40% Illinois 1.27% 1.21% Indiana 1.38% 1.22% Kentucky 1.18% 1.17% Mississippi 1.27% 1.20% Missouri 1.61% 1.39% Tennessee 2.75% 0.99% United States 2.00% 1.22% 8th District 1.65% 1.25% * 8th District portions only Source: U.S. Federal Reserve Bank's 8th District in St.
Ferguson, Vice Chairman of Board of Governors of the U.S. Federal Reserve System--who had already assumed leadership of the Committee on the Global Financial System in Basel--was put at the helm of the Financial Stability Forum, There was fear that the combination of an IMF veteran heading the BIS and a key aide to Alan Greenspan heading the FSF would make it much easier for the Americans to steer discussion of such sensitive topics as high U.S.
markets had rallied on Wednesday after the U.S. Federal Reserve said it would hike interest rates in December but further rate hikes would depend on the economy doing well.
The STOXX Europe 600 Basic Resources index fell more than 1 percent to top the decliners' list, tracking a sharp decline in metals prices on worries the U.S. Federal Reserve may trim its commodity-friendly measures.
Tokyo stocks opened higher Monday as investor sentiment was lifted by Wall Street's gains late last week, which were supported by expectations that the U.S. Federal Reserve will take more monetary easing steps.
That ratio means that, on average, banks in Arkansas had 1.39 percent of loans in problem categories, the second highest among the states in the U.S. Federal Reserve Bank's 8th District.
productivity growth and a year of substantial real economy and stock market gains no doubt led U.S. Federal Reserve Chairman Alan Greenspan to break out the champagne.
Alan Greenspan's biography is titled Maestro (Simon & Schuster) because the head of the U.S. Federal Reserve is a musician (he played saxophone in a jazz band) and conductor of the U.S.
Even as prospects of a rate hike by the U.S. Federal Reserve now look increasingly likely, investors and bond traders would look to the Fed's October meeting minutes, to be released at 2.p.m.
In New York on Tuesday, the dollar came under selling pressure after U.S. Federal Reserve Board Chairman Ben Bernanke was cautious about the future course of the U.S.

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