Central Bank
The entity responsible for overseeing the monetary system for a nation (or group of nations). Central banks have a wide range of responsibilities, from overseeing monetary policy to implementing specific goals such as currency stability, low inflation and full employment. Central banks also generally issue currency, function as the bank of the government, regulate the credit system, oversee commercial banks, manage exchange reserves and act as a lender of last resort. Investopedia Says:
The central banking system in the U.S. is known as the Federal Reserve System (commonly known as "the Fed"), which is composed of 12 regional Federal Reserve Banks located in major cities throughout the country. The main tasks of the Federal Reserve are to supervise and regulate banks, implement monetary policy by buying and selling U.S. Treasury bonds and steer interest rates. Ben Bernanke currently serves as the chairman of the Board of Governors of the Federal Reserve. Related Terms:
Alan Greenspan
Bank For International Settlements - BIS
Ben Bernanke
Federal Reserve Board - FRB
Federal Reserve System
Foreign Official Dollar Reserves - FRODOR
Lender Of Last Resort
Monetary Policy
Open Market Operations
Treasury Bill - T-Bill |