TeachMeFinance.com - explain Federal Reserve System
Federal Reserve System -- The central bank of the United States. The Federal Reserve is
responsible for conducting the nation's monetary policy and overseeing credit conditions.
Federal Reserve System -- The principal monetary authority (central bank) of the United States, which issues currency and regulates the supply of credit in the economy. It is made up of a seven-member Board of Governors in Washington, D.C., 12 regional Federal Reserve Banks, and their 25 branches.
Federal Reserve System -- made up of the Federal Reserve Board, the 12 regional Federal Reserve Banks, federally chartered commercial banks, and state-chartered commercial banks that elect to be members. The Federal Reserve System serves as a central credit facility for member commercial banks, and controls the nation's money supply.
Federal Reserve System -- (USA) The equivalent of the central bank of the USA and the coordinator of monetary policy.
About the author
Copyright © 2005 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.