The Federal Reserve System is the centralized banking system of the United States.
Federal Reserve System, a.k.a. Federal Reserve or The Fed, is the centralized banking system of the United States, created on December 23, 1913, by the Federal Reserve Act.
The system was created in response to multiple waves of panic in the financial system.
Three objectives of the Federal Reserve System are:
- Maximize employment
- Stabilize prices
- Moderate long-term interest rates
Additionally, the Federal Reserve System supervising and regulating banks forces stability of the financial system and provide services to depository institutions, the U.S. government, and foreign official institutions. Press Releases.
- District #1 – Boston – President, Eric S. Rosengren – PRs
- District #2 – New York – President, William C. Dudley – PRs
- District #3 – Philadelphia – President, Patrick T. Harker – PRs
- District #4 – Cleveland – Branches; Cincinnati, Ohio and Pittsburgh, Pennsylvania – President, Loretta J. Mester – PRs
- District #5 – Richmond – Branches; Baltimore, Maryland, and Charlotte, North Carolina – President, Thomas Barkin – PRs
- District #6 – Atlanta – Branches; Birmingham, Alabama, Jacksonville, Florida, Miami, Florida, Nashville, Tennessee, and New Orleans, Louisiana – President Raphael Bostic – PRs
- District #7 – Chicago – Branches; Detroit, Michigan and Des Moines, Iowa – President, Charles L. Evans – PRs
- District #8 – St. Louis – Branches; Little Rock, Arkansas, Louisville, Kentucky and Memphis, Tennessee – President James B. Bullard – PRs
- District #9 – Minneapolis – Branches; Helena, Montana – President, Neel Kashkari – PRs
- District #10 – Kansas City – Branches; Denver, Colorado, Oklahoma City, Oklahoma and Omaha, Nebraska – President Esther George – PRs
- District #11 – Dallas – Branches; El Paso, Texas, Houston, Texas and San Antonio, Texas – President, Robert Steven Kaplan – PRs
- District #12 – San Francisco – Branches; LA, California, Portland, Oregon, Salt Lake City, Utah and Seattle, Washington – President, John C. Williams – PRs
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