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 ?
Tokyo shares retreated almost 2 percent on Friday, defying a rally across Asian stocks, as the yen strengthened against the dollar after the US Federal Reserve held fire on growing policy rates.
Jordan does not need to match US Federal Reserve rate cut, Toukan said last week.
House of Representatives' Financial Services Committee - his first public speaking engagement as the new US Federal Reserve chair, Jerome Powell expressed confidence that 'good years' were ahead for he US economy, boosting expectations that there would be no less than four rate increases this year.
In comments delivered at the Jackson Hole meeting of central bankers in Wyoming, US Federal Reserve chair Janet Yellen signalled that US interest rates could rise after a strong performance from the world's largest economy.
An easy monetary policy applied by the US Federal Reserve and other central banks since 2008 to stimulate the economy after the global debt crisis may have contributed to the shale oil boom and bust.
The demand on gold will continue throughout 2016 as the US Federal Reserve is expected to raise the profit rate from quarter point to half of full point, it said.
The US Federal Reserve raised the interest rates on the dollar with an expected percentage of 0.
Swiss bank UBS has paid a total of USD545m in penalties to the US Department of Justice, the US Federal Reserve and the Connecticut Department of Banking, to settle a foreign exchange probe, the BBC reported on Wednesday.
Ben S Bernanke, the chairmen of the US Federal Reserve, has said that central bank independence helps the country's economy to be more stable.
Summary: The rupee closed in on its record low on Wednesday morning as rising geopolitical tensions in the Middle East and the possibility of a withdrawal of monetary stimulus by the US Federal Reserve roiled risk assets.
htm) Gold prices ended at a one-month high last week after the markets were calmed by US Federal Reserve chief Ben Bernanke's comment that the Fed would maintain its monetary stimulus if US economic growth misses the central bank's expectations.
Summary: The US Federal Reserve announced that it would boost the Term Securities Lending Facility and the Primary Dealer Credit Facility.