|
#1
16th January 2017, 03:39 PM
| |||
| |||
| What Are The 12 Cities That Have A Federal Reserve Bank
Hello sir, I want to know that why The 12 Cities all those Have A Federal Reserve Bank. Will you please give me reason for the 12 Cities That Have A Federal Reserve Bank?
|
|
#2
16th January 2017, 04:06 PM
| |||
| |||
| Re: What Are The 12 Cities That Have A Federal Reserve Bank
The Federal Reserve Bank is having a big reason for to provide Federal Reserve Bank services to 12th cities. For the purpose of carrying out these day-to-day operations of the Federal Reserve System, the nation has been divided into twelve Federal Reserve Districts, with Banks in Boston, New York, Philadelphia, Cleveland, Richmond, Atlanta, Chicago, St. Louis, Minneapolis, Kansas City, Dallas, and San Francisco. Twenty-five Branches of these Banks serve particular areas within each District. The banks are jointly responsible for implementing the monetary policy set forth by the Federal Open Market Committee, and are divided as follows: Federal Reserve Bank of Boston Federal Reserve Bank of New York Federal Reserve Bank of Philadelphia Federal Reserve Bank of Cleveland Federal Reserve Bank of Richmond Federal Reserve Bank of Atlanta Federal Reserve Bank of Chicago Federal Reserve Bank of St. Louis Federal Reserve Bank of Minneapolis Federal Reserve Bank of Kansas City Federal Reserve Bank of Dallas Federal Reserve Bank of San Francisco Assets: Federal Reserve Bank Total assets New York City US$2.62T San Francisco US$ 512B Richmond US$ 289B Atlanta US$ 244B Chicago US$ 175B Dallas US$ 154B Cleveland US$ 133B Philadelphia US$ 120B Boston US$ 91B Kansas City US$ 61B St. Louis US$ 58B Minneapolis US$ 32B All banks US$4.49T |
| |