#1
23rd November 2015, 12:24 PM
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What Is The Responsibility Of The Federal Reserve Bank
I am making small presentation on the topic Federal Reserve Bank and looking for details related to this bank. Will you please tell me lists of Federal Reserve Bank subsidiaries available with this and tell me what the responsibilities of this Federal Reserve Bank?
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#2
23rd November 2015, 01:05 PM
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Re: What Is The Responsibility Of The Federal Reserve Bank
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. The list includes: Federal Reserve Bank of Atlanta Federal Reserve Bank of Boston Federal Reserve Bank of Chicago Federal Reserve Bank of Cleveland Federal Reserve Bank of Dallas Federal Reserve Bank of Kansas City Federal Reserve Bank of Minneapolis Federal Reserve Bank of New York Federal Reserve Bank of Philadelphia Federal Reserve Bank of Richmond Federal Reserve Bank of San Francisco Federal Reserve Bank of St. Louis The Federal Reserve's responsibilities fall into four general areas. Conducting the nation's monetary policy by influencing money and credit conditions in the economy in pursuit of full employment and stable prices Supervising and regulating banks and other important financial institutions to ensure the safety and soundness of the nation's banking and financial system and to protect the credit rights of consumers. Maintaining the stability of the financial system and containing systemic risk that may arise in financial markets. Providing certain financial services to the U.S. government, U.S. financial institutions, and foreign official institutions, and playing a major role in operating and overseeing the nation's payments systems Federal Reserve Bank Asset details: Federal Reserve Bank Total assets (9/17/2015) All banks $4.49T New York City $2.62T San Francisco $512B Richmond $289B Atlanta $244B Chicago $175B Dallas $154B Cleveland $133B Philadelphia $120B Boston $91B Kansas City $61B St. Louis $58B Minneapolis $32B |