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The twelve regional Reserve Banks supervise state member banks as part of the Federal Reserve System's mandate to assure strength and stability in the nation's domestic markets and banking system. Reserve Bank supervision is carried out in partnership with the state regulators, assuring a consistent and unified regulatory environment.
The Federal Reserve System (often shortened to the Federal Reserve, or simply the Fed) is the central banking system of the United States.It was created on December 23, 1913, with the enactment of the Federal Reserve Act, after a series of financial panics (particularly the panic of 1907) led to the desire for central control of the monetary system in order to alleviate financial crises.
A Federal Reserve Bank is a regional bank of the Federal Reserve System, the central banking system of the United States. There are twelve in total, one for each of the twelve Federal Reserve Districts that were created by the Federal Reserve Act of 1913. [ 1 ]
Federal banking is the term for the way the Federal Reserve of the United States distributes its money. The Reserve (often called with the abbreviation "Fed") operates twelve banking districts around the country which oversee money distribution within their respective districts. [ 1 ]
English: A map of the 12 districts of the United States Federal Reserve System, with the 12 Federal Reserve Banks marked as black squares and the 24 (total) Branches of these Federal Reserve Banks are marked as red circles. The Washington DC Headquarters is marked with a star. (Also, a 25th branch in Buffalo, NY had been closed in 2008.)
International Journal of Central Banking "The Federal Reserve System: Purposes and Functions" – A publication of the U.S. Federal Reserve, describing its role in the macroeconomy; A Hundred Ways to Skin a Cat: Comparing Monetary Policy Operating Procedures in the United States, Japan and the Euro Area (PDF).
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The Board of Governors of the Federal Reserve System, commonly known as the Federal Reserve Board, is the main governing body of the Federal Reserve System. It is charged with overseeing the Federal Reserve Banks and with helping implement the monetary policy of the United States .