Federal Reserve Bank Of Atlanta

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DEFINITION of 'Federal Reserve Bank Of Atlanta'

The Federal Reserve bank responsible for the sixth district and located in Atlanta, Ga. Its territory includes the states of Alabama, Florida, Georgia, as well as a portion of the counties or parishes within Tennessee, Mississippi and Louisiana. It operates several branches within the district and is one of 12 reserve banks withinin the Federal Reserve System.

BREAKING DOWN 'Federal Reserve Bank Of Atlanta'

The Federal Reserve Bank of Atlanta is responsible for executing the central bank's monetary policy by reviewing price inflation and economic growth, and by regulating the banks within its territory. It provides cash to banks within its district, as well as clears checks and monitors electronic deposits. The president of the Federal Reserve Bank of Atlanta, along with the presidents of the other banks and the seven governors of the Federal Reserve Board, meet every six weeks in order to set interest rates. This is referred to as the Federal Open Market Committee (FOMC).

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RELATED FAQS
  1. How is the Federal Reserve audited?

    Contrary to conventional wisdom, the Federal Reserve is extensively audited. Politicians on the left and right of a populist ... Read Full Answer >>
  2. Who decides when to print money in the US?

    The U.S. Treasury decides to print money in the United States as it owns and operates printing presses. However, the Federal ... Read Full Answer >>
  3. Why do some people claim the Federal Reserve is unconstitutional?

    The U.S. Constitution does not mention the need for a central bank, nor does it explicitly grant the government the power ... Read Full Answer >>
  4. How can the federal reserve increase aggregate demand?

    The Federal Reserve can increase aggregate demand in indirect ways by lowering interest rates. Aggregate demand is a measure ... Read Full Answer >>
  5. How does the stock market react to changes in the Federal Funds Rate?

    The stock market reacts to changes in the federal funds rate in various ways depending on where it is in the business cycle. ... Read Full Answer >>
  6. When has the United States run its largest trade deficits?

    In macroeconomics, balance of trade is one of the leading economic metrics that determines the trading relationship of a ... Read Full Answer >>

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