Business, Legal & Accounting Glossary
Federal Reserve Bank is one of 12 banks that make up the Federal Reserve System.
One of 12 regional banks established to maintain reserves, issue bank notes, and lend money to member banks. The Federal Reserve Banks are also responsible for supervising member banks in their areas, and are involved in the setting of national monetary policy.
The Federal Reserve Bank is a federal entity that performs the operations of a central bank.
Along with twelve other branches located across the United States, the Federal Reserve Bank makes up the Federal Reserve System. The Federal Reserve Bank branches can be found in Boston, New York, Philadelphia, Cleveland, Richmond, Atlanta, Chicago, St. Louis, Minneapolis, Kansas City, Dallas, and San Francisco.
The main functions of the Federal Reserve Bank are to provide for adequate currency availability, as well as surveying commercial and savings banks in given regions. The Federal Reserve Bank ensures that banks and various other financial institutions comply with Federal Reserve Board regulations. Additionally, the Federal Reserve Bank operates the “discount window”, which provides access to emergency funds.
Another important role of the Federal Reserve Bank and other district banks is to conduct economic and market research.
Federal Reserve System
Federal Reserve Board
Money supply
Bank
Federal Reserve Bank of Philadelphia
Federal Reserve Bank Note
Federal Reserve Bank of Boston
Federal Reserve Bank of Chicago
Federal Reserve Bank of Kansas City
Federal Reserve Bank of New York
Federal Reserve Bank of Cleveland
Federal Reserve Bank of Dallas
Federal Reserve Bank of St. Louis
Federal Reserve Bank of Richmond
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This glossary post was last updated: 22nd November, 2021 | 0 Views.