Federal Reserve System

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Federal Reserve

or Federal Reserve System
The US central bank, a system of 12 Federal Reserve banks, each serving member commercial banks in its own district. This system, supervised by the Federal Reserve Board, has broad regulatory powers over the money supply and the credit structure.

Federal Reserve System

(Banking & Finance) (in the US) a banking system consisting of twelve Federal Reserve Districts, each containing member banks regulated and served by a Federal Reserve Bank. It operates under the supervision of the Federal Reserve Board and performs functions similar to those of the Bank of England

Fed′eral Reserve′ Sys`tem

a U.S. federal banking system that is under the control of a central board of governors (Fed′eral Reserve′ Board`) with a central bank (Fed′eral Reserve′ Bank`) in each of 12 districts and that has wide powers in controlling credit and the flow of money.
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.Federal Reserve System - the central bank of the United StatesFederal Reserve System - the central bank of the United States; incorporates 12 Federal Reserve branch banks and all national banks and state-chartered commercial banks and some trust companies; "the Fed seeks to control the United States economy by raising and lowering short-term interest rates and the money supply"
central bank - a government monetary authority that issues currency and regulates the supply of credit and holds the reserves of other banks and sells new issues of securities for the government
Federal Reserve Bank, reserve bank - one of 12 regional banks that monitor and act as depositories for banks in their region
national bank - a commercial bank chartered by the federal government
member bank - a bank that is a member of the Federal Reserve System
References in periodicals archive ?
The pauses have been indicative of the wait-and-see approach that the Fed has taken in dealing with the two major economic indicators that determine its actions on monetary policy; GDP growth and inflation.
The Fed has the power to expand or contract the money supply through various means, most of them opaque to the general public, thus adding to the institution's aura of mystery.
Bush's National Economic Council, asserted that there was a stock-market bubble and that the Fed should prick it.
As Chairman Bernanke, Governor Kroszner, and Governor Warsh settle into their new positions with the Federal Open Market Committee, much of the debate has centered on whether the Fed will pursue a new strategy of adopting a formal target for inflation.
After acknowledging that the Fed would soon start to raise interest rates, Greenspan urged homeowners who had refinanced to lower fixed rates to refinance to ARMs, whose rates could only be adjusted in one direction--up.
That's how you may feel about the financial world after reading Martin Mayer's The Fed.
It is even more difficult in the current environment when longer-term rates are influenced so heavily by foreign capital inflows, which keep long-term credit conditions looser than the Fed desires.
Yet the Fed minim among the least accountable institutions in American politics.
His likely successor is Alan Blinder, whom Clinton recently appointed vice chairman of the Fed.
TIE: How do you compare the challenges facing the Fed today with those when you first became president of the Federal Reserve Bank of Richmond?