It is made up of a network of 12 regional federal reserve banks, but the fed’s power centers in its new york bank. The us central bank, a system of 12 federal reserve banks, each serving member commercial banks in its own district. It acts as a fiscal agent for the u.s.
It Was Created By The Congress To Provide The Nation With A Safer, More Flexible, And More Stable Monetary And Financial System.
• federal reserve system (noun) the noun federal reserve system has 1 sense:. The central banking system of the u.s. Although the federal reserve—our central bank (or monetary authority)—is one of the country’s most powerful economic institutions, it is also one of the most misunderstood.
The Central Bank Of The United States;
Constitution (article i, section 8) explicitly gives congress the power over. Central banking authority of the united states. Federal banking system that is under the control of a central board of governors ( federal reserve board ) with a central bank ( federal reserve bank ) in each of 12 districts and that has wide powers in controlling credit and the flow of money as well as in performing other functions, as regulating and supervising its member.
Federal Reserve Synonyms, Federal Reserve Pronunciation, Federal Reserve Translation, English Dictionary Definition Of Federal Reserve.
More board of governors definition Also called the fed, the federal reserve system is the central bank of the united states, created in 1913. It was founded on decembe
• Federal Reserve (Noun) Sense 1.
The federal reserve system (also known as the federal reserve or simply the fed) is the central banking system of the united states of america. Founded in 1913 by an act of congress called the federal reserve act, it's considered the government's bank. The federal reserve (called the fed for short) is the central bank of the united states.