Federal Reserve Bank (FRB)

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Federal Reserves is the Central Bank of the United States is to bring monetary and financial stability in the largest economy of the world. It was founded in the year 1930 by the congress.

 


Federal Reserves is the Central Bank of the United States is to bring monetary and financial stability in the largest economy of the world. It was founded in the year 1930 by the congress.

 

Structure of Federal reserves

The Federal Reserves includes Federal Open Market Committee, Federal Reserve Banks and the Board of Governors.

The members in the Board of Governors of the Federal Reserves are nominated by the President and are confirmed by the Senate. The Board of Governors also includes the Chairman and Vice Chairman in the board. Federal open market committee includes 7 members of the board of Governors and five selected from Federal Reserve Banks.

Presently Ben Bernanke is the Chairman of the Federal Reserves.

 

Functions of Federal Reserves

The Federal reserves in the United States aims at creating financial environment in the country. Important functions are as follows:

 

 

  • Adopt flexible policies to maintain price stability.
  • Regulate Banking and Financial Institutions
  • Gives Financial services to US Government and financial institutions
  • Minimizing risks in the financial market.

 

Federal Reserve Banks

  • Boston
    600 Atlantic Avenue
    Boston, MA 02205
    (617) 973-3000
     
  • New York
    33 Liberty Street
    New York, NY 10045
    (212) 720-5000
     
  • Philadelphia
    Ten Independence Mall
    Philadelphia, PA 19106
    (215) 574-6000
     
  • Cleveland
    1455 East Sixth Street
    Cleveland, OH 44114
    (216) 579-2000
     
  • Richmond
    701 East Byrd Street
    Richmond, VA 23219
    (804) 697-8000
     
  • Atlanta
    1000 Peachtree Street NE
    Atlanta, GA 30309
    (404) 498-8500
     
  • Chicago
    230 South LaSalle Street
    Chicago, IL 60604
    (312) 322-5322
     
  • St. Louis
    One Federal Reserve Bank Plaza
    Broadway and Locust Streets
    St. Louis, MO 63102
    (314) 444-8444
     
  • Minneapolis
    90 Hennepin Avenue
    Minneapolis, MN 55401
    (612) 204-5000
     
  • Kansas City
    925 Grand Boulevard
    Kansas City, MO 64198
    (816) 881-2000
     
  • Dallas
    2200 North Pearl Street
    Dallas, TX 75201
    (214) 922-6000
     
  • San Francisco
    101 Market Street
    San Francisco, CA 94105
    (415) 974-2000

 

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