Even though it is referred to as the central bank of the United States, the Federal Reserve System, or Fed, actually consists of 12 districts, each with its own reserve bank. Each Federal Reserve ...
The Federal Reserve system is decentralized by design, with banks located in twelve important financial centers around the United States. Notably, none of them are in the nation's capital.
The Federal Reserve System is the central banking system of the United States. It was created in 1913 by the enactment of the Federal Reserve Act, largely as a response to a series of financial ...