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 ?
economy, Japan's largest export market, were reinforced by weaker-than-expected February manufacturing data reported by the U.S. Federal Reserve Bank of Philadelphia Thursday.
The Wall Street Journal on Tuesday quoted William Poole, president of the U.S. Federal Reserve Bank of St.
On average, banks in Arkansas reserved 1.65 percent of outstanding loan value as a hedge against potential losses, making the state the fourth-highest in the U.S. Federal Reserve Bank's 8th District in terms of reserves.
The U.S. Federal Reserve Bank of New York stepped into the currency market Tuesday morning to buy dollars for yen on behalf of the Japanese central bank.
In the first quarter of 2009, Arkansas banks collectively had a return on their average assets of 0.75 percent, ranking fourth among the seven states in the 8th District of the U.S. Federal Reserve Bank. The district includes all of Arkansas and parts of six other states.
Regional Return The 8th District ranked by average return on assets during the first quarter of 2009 Area 1Q 2009 1Q 2008 Mississippi 1.57% 1.21% Illinois 0.99% 0.98% Kentucky 0.98% 1.25% Arkansas 0.75% 0.01% United States 0.23% 0.68% 8th District 0.20% 0.82% Indiana -0.06% 0.94% Missouri -0.26% 0.73% Tennessee -0.47% 0.31% (*) Annualized data Source: The U.S. Federal Reserve Bank of St.
That was the third highest among the states in the U.S. Federal Reserve Bank's 8th District.
Therefore, on average, banks in Arkansas reserved 1.40 percent of out standing loan value as a hedge against potential losses, higher than any other state in the U.S. Federal Reserve Bank's Eighth District.
Therefore, on average, banks in Arkansas reserved 1.6 percent of outstanding loan value as a hedge against potential losses, the second highest of any other state in the U.S. Federal Reserve Bank's Eighth District.
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.
Also coming out is the Beige Book, a summary of economic data collected by regional U.S. Federal Reserve Banks, which might serve as a pointer for the future course of the Fed's monetary policy.
The dollar advanced to a high of 110.94 yen in the early morning, taking over its bullish trend seen in overseas markets following the release of manufacturing data by U.S. Federal Reserve banks, dealers said.

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