Federal Reserve System
The central bank of the United States. The Fed, as it is commonly called, regulates the U.S. monetary and financial system. The Federal Reserve System is composed of a central governmental agency in Washington, D.C. (the Board of Governors) and twelve regional Federal Reserve Banks in major cities throughout the United States. Investopedia Says:
You can divide the Federal Reserve's duties into four general areas:
1. Conducting monetary policy
2. Regulating banking institutions and protecting the credit rights of consumers
3. Maintaining the stability of the financial system
4. Providing financial services to the U.S. government Related Terms:
Alan Greenspan
Ben Bernanke
Discount Rate
Fed Model
Federal Funds Rate
Federal Reserve Bank
Federal Reserve Board - FRB
Federal Reserve Open Market Committee - FOMC
Fedwire
Monetary Policy
Moral Suasion
Open Market Operations
Prime Rate
Reserve Requirements |