Federal Reserve System

views updated

Federal Reserve System US central bank, established in 1913 to maintain sound monetary and credit conditions. Twelve regional banks are supervised by a Federal Reserve Board of Governors. All national banks are members, as are many state and commercial banks. The Federal Reserve System regulates money flow and credit by varying its discount rate on loans to member banks and by varying the percentage of total deposits member banks must keep in reserve.

http://www.federalreserve.gov

More From encyclopedia.com

About this article

Federal Reserve System

Updated About encyclopedia.com content Print Article

Related Content

NEARBY TERMS

Federal Reserve System