User:Searchme/CoinBox2
From Wikipedia, the free encyclopedia
Contents |
[edit] Reserve Banks
Federal Reserve Banks
A network of 12 Federal Reserve Banks and 25 branches make up the Federal Reserve System under the general oversight of the Board of Governors. Reserve Banks are the operating arms of the central bank.
Each of the 12 Reserve Banks serves its region of the country, and all but one have other offices within their Districts to help provide services to depository institutions and the public. The Banks are named after the locations of their headquarters-Boston, New York, Philadelphia, Cleveland, Richmond, Atlanta, Chicago, St. Louis, Minneapolis, Kansas City, Dallas, and San Francisco.
The Reserve Banks serve banks, the U.S. Treasury, and, indirectly, the public. A Reserve Bank is often called a "banker's bank," storing currency and coin, and processing checks and electronic payments. Reserve Banks also supervise commercial banks in their regions. As the bank for the U.S. government, Reserve Banks handle the Treasury's payments, sell government securities and assist with the Treasury's cash management and investment activities. Reserve Banks conduct research on regional, national, and international economic issues. Research plays a critical role in bringing broad economic perspectives to the national policymaking arena, and supports Reserve Bank presidents who all attend meetings of the Federal Open Market Committee (FOMC).
Each Reserve Bank's board of directors oversees the management and activities of the District bank. Reflecting the diverse interests of each District, these directors contribute local business experience, community involvement, and leadership. The board imparts a private-sector perspective to the Reserve Bank. Each board appoints the president and first vice president of the Reserve Bank, subject to the approval of the Board of Governors.
All member banks hold stock in Reserve Banks and receive dividends. Unlike stockholders in a public company, banks cannot sell or trade their Fed stock. Reserve Banks interact directly with banks in their Districts through examinations and financial services and bring important regional perspectives that help the entire Federal Reserve System do its job more effectively.[1]
| Location | FIELD 1 | FIELD 2 | FIELD 3 | FIELD 4 | FIELD 5 |
|---|---|---|---|---|---|
| Atlanta | element | element | element | element | element |
| Boston | element | element | element | element | element |
| Chicago | element | element | element | element | element |
| Cleveland | element | element | element | element | element |
| Dallas | element | element | element | element | element |
| Kansas City | element | element | element | element | element |
| Minneapolis | element | element | element | element | element |
| New York | element | element | element | element | element |
| Philadelphia | element | element | element | element | element |
| Richmond | element | element | element | element | element |
| San Francisco | element | element | element | element | element |
| St Louis | element | element | element | element | element |
[edit] Member Banks
Member Banks
Approximately 38 percent of the 8,039 commercial banks in the United States are members of the Federal Reserve System. National banks must be members; state-chartered banks may join if they meet certain requirements. The member banks are stockholders of the Reserve Bank in their District and as such, are required to hold 3 percent of their capital as stock in their Reserve Banks.[2]
| FIELD 1 | FIELD 2 | FIELD 3 | FIELD 4 | FIELD 5 | |
|---|---|---|---|---|---|
| ITEM 1 | element | element | element | element | element |
| ITEM 2 | element | element | element | element | element |
| ITEM 3 | element | element | element | element | element |
| ITEM 4 | element | element | element | element | element |
| ITEM 5 | element | element | element | element | element |
| ITEM 6 | element | element | element | element | element |
| ITEM 7 | element | element | element | element | element |
| ITEM 8 | element | element | element | element | element |
| ITEM 9 | element | element | element | element | element |
| ITEM 10 | element | element | element | element | element |
| ITEM 11 | element | element | element | element | element |
| ITEM 12 | element | element | element | element | element |
| ITEM 13 | element | element | element | element | element |
| ITEM 14 | element | element | element | element | element |
| ITEM 15 | element | element | element | element | element |
| ITEM 16 | element | element | element | element | element |
| ITEM 17 | element | element | element | element | element |
| ITEM 18 | element | element | element | element | element |
| ITEM 19 | element | element | element | element | element |
| ITEM 20 | element | element | element | element | element |
| ITEM 21 | element | element | element | element | element |
| ITEM 22 | element | element | element | element | element |
| ITEM 23 | element | element | element | element | element |
| ITEM 24 | element | element | element | element | element |
| ITEM 25 | element | element | element | element | element |
[edit] Text
[edit] References
- ^ The Federal Reseve Structure Tour. Retrieved on May 6, 2010.
- ^ The Federal Reseve Structure Tour. Retrieved on May 6, 2010.
