Federal Reserve System


Federal Reserve System
The central bank of the U.S., established in 1913, and governed by the Federal Reserve Board located in Washington, D.C. The system includes 12 Federal Reserve Banks and is authorized to regulate monetary policy in the U.S. as well as to supervise Federal Reserve member banks, bank holding companies, international operations of U.S.banks, and U.S.operations of foreign banks. The New York Times Financial Glossary
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A central banking system in the United States, created by the Federal Reserve Act in 1913, designed to assist the nation in attaining its economic and financial goals. The structure of the Federal Reserve System includes a Board of Governors, the Federal Open Market Committee, and 12 Federal Reserve Banks. Chicago Board of Trade glossary
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The monetary authority of the US, established in 1913, and governed by the Federal Reserve Board located in Washington, D.C. The system includes 12 Federal Reserve Banks and is authorized to regulate monetary policy in the US as well as to supervise Federal Reserve member banks, bank holding companies ( holding company), international operations of US banks, and US operations of foreign banks. Bloomberg Financial Dictionary
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FRS - The central banking system of the USA, made up of a number of regional Federal Reserve banks which regulate banking activities. Dresdner Kleinwort Wasserstein financial glossary

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Federal Reserve System ˌFederal Reˈserve ˌSystem abbreviation FRS noun ORGANIZATIONS BANKING
the US central bank. It consists of the 12 Federal Reserve Banks and sets banking rules, controls the money (= the amount of money in the economy) and manages the clearing (= the system for making payments between banks):

• The Federal Reserve System has committed itself to fighting the recession with lower interest rates.

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   Established in 1913, the Federal Reserve System is the central bank system of the US. Although its board is selected by the US president, it is considered to be an independent entity. It comprises the Federal Reserve Board, the 12 Federal Reserve Banks, their 24 branches and all national and state member banks. They regulate money supply, set reserve requirements, supervise printing of currency, act as a clearing house for the transfer of funds throughout the banking system and ensure that member banks meet Federal Reserve regulations.
   ► See also Federal Reserve Board, FOMC.

Financial and business terms. 2012.

Look at other dictionaries:

  • Federal Reserve System — Federal Reserve System …   Deutsch Wikipedia

  • Federal Reserve System — Réserve fédérale des États Unis Réserve fédérale des États Unis Federal Reserve System Siège Washington, D.C. Création 23 décembre  …   Wikipédia en Français

  • Federal Reserve System — n. A network of twelve central banks established by the Federal Reserve Act in 1913 to oversee a national system of banking, including monitoring the money supply by holding cash reserves and issuing currency for circulation, overseeing the… …   Law dictionary

  • Federal Reserve System — ☆ Federal Reserve System n. a centralized banking system in the U.S. under a Board of Governors (formerly called the Federal Reserve Board) with supervisory powers over twelve Federal Reserve Banks, each a central bank for its district:… …   English World dictionary

  • Federal Reserve System — FRB and FED redirect here. For other uses, see FRB (disambiguation) and FED (disambiguation). Federal Reserve System …   Wikipedia

  • Federal Reserve System — a U.S. 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… …   Universalium

  • Federal Reserve System — noun the central bank of the United States; incorporates 12 Federal Reserve branch banks and all national banks and state chartered commercial banks and some trust companies the Fed seeks to control the United States economy by raising and… …   Useful english dictionary

  • Federal Reserve System — US Notenbank; Fed; Federal Reserve; Zentralbank der Vereinigten Staaten * * * Federal Reserve System   [ fedərəl rɪ zəːv sɪstəm], Kurzbezeichnung Fed, Geld und Kreditsystem der USA, geschaffen durch den Federal Reserve Act vom 23. 12. 1913,… …   Universal-Lexikon

  • Federal Reserve System — Network of twelve central banks to which most national banks belong and to which state chartered banks may belong. Membership rules require investment of stock and minimum reserves. The Federal Reserve System was established in 1913 to give the… …   Black's law dictionary

  • Federal Reserve System — Network of twelve central banks to which most national banks belong and to which state chartered banks may belong. Membership rules require investment of stock and minimum reserves. The Federal Reserve System was established in 1913 to give the… …   Black's law dictionary


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