Research topic:Federal Reserve System

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Federal Reserve Bank

A Dictionary of Business and Management | 2006 | © A Dictionary of Business and Management 2006, originally published by Oxford University Press 2006. (Hide copyright information) Copyright

Federal Reserve Bank Any of the 12 banks that together form the Federal Reserve System in the USA; they are situated in Boston, New York, Philadelphia, Cleveland, Richmond, Atlanta, Chicago, St Louis, Minneapolis, Kansas City, Dallas, and San Francisco. They provide central bank services and are involved with the Federal Reserve Board of Governors in developing and enacting monetary policy, as well as regulating local commercial and savings banks. Each Federal Reserve Bank is owned by the local banks in its district.

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"Federal Reserve Bank." A Dictionary of Business and Management. 2006. Encyclopedia.com. 15 Nov. 2009 <http://www.encyclopedia.com>.

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Encyclopedia entry from: Encyclopedia of Espionage, Intelligence, and Security Federal Reserve System, United States █...by the passage of the Federal Reserve Act in 1913...a certain quantity of reserves, or a certain price...the administration of Federal Reserve Chairman Alan Greenspan...
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Encyclopedia entry from: Gale Encyclopedia of U.S. Economic History FEDERAL RESERVE ACT OF 1913 On December 23, 1913, President Woodrow Wilson (1913 – 1921) signed the Federal Reserve Act, and thereby created the Federal Reserve System. The Federal Reserve Act was intended to prevent...

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