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- The Federal Reserve System, (also known as the Federal Reserve, and informally as the Fed) is the central banking system of the United States. It was founded in 1913 by the Federal Reserve Act to "provide the nation with a safer, more flexible, and more stable monetary and financial system. Over the years, its role in banking and the economy has expanded." This article is a . You can help My English Wiki by expanding it.
- The Federal Reserve System (FRS) is the central bank of the United States created by Congress and consisting of a seven member Board of Governors in Washington, D.C., 12 regional Reserve Banks, and depository institutions that are subject to reserve requirements.
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| abstract | - Navigate: Investing Glossary... (edit) See also: Acronyms... Bond Glossary... Buzzwords... Glossary of Technical Analysis... Life Insurance Glossary... (edit) __NOEDITSECTION__
- The Federal Reserve System (FRS) is the central bank of the United States created by Congress and consisting of a seven member Board of Governors in Washington, D.C., 12 regional Reserve Banks, and depository institutions that are subject to reserve requirements. All national banks are members; state-chartered banks may elect to become members, and state members are supervised by the Board of Governors and the Reserve Banks. Reserve requirements established by the Federal Reserve Board apply to nonmember depository institutions as well as member banks. Both classes of institutions are given access to Federal Reserve discount borrowing privileges and Federal Reserve services on an equal basis. The FRS examines and supervises State member banks and bank holding companies. It establishes reserve requirements for members and nonmembers, distributes currency and coin, assists in the processing and clearing of checks for both member and non-member institutions, and acts as the fiscal agent for the Federal Government. FRS services are paid for by the users.
- The Federal Reserve System, (also known as the Federal Reserve, and informally as the Fed) is the central banking system of the United States. It was founded in 1913 by the Federal Reserve Act to "provide the nation with a safer, more flexible, and more stable monetary and financial system. Over the years, its role in banking and the economy has expanded." This article is a . You can help My English Wiki by expanding it.
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