Federal Reserve Bank Of Kansas City


DEFINITION of 'Federal Reserve Bank Of Kansas City'

The Federal Reserve Bank responsible for the 10th district, located in Kansas City, Mo. Its territory includes parts of the states of New Mexico and Missouri, as well as the entire states of Colorado, Kansas, Nebraska, Oklahoma and Wyoming. It operates several branches within the district.

The Federal Reserve Bank of Kansas City is one of 12 reserve banks within the Federal Reserve system.

BREAKING DOWN 'Federal Reserve Bank Of Kansas City'

The Federal Reserve Bank of Kansas City 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 and monitors electronic deposits. The president of the Federal Reserve Bank of Kansas City, along with the presidents of the other banks and the seven governors of the Federal Reserve Board, meet to set interest rates every six weeks. This is referred to as the Federal Open Market Committee (FOMC).

The Federal Reserve Bank of Kansas City is the second-largest Bank in terms of geographical territory, behind the Federal Reserve Bank of San Francisco.

Bank notes printed by the Federal Reserve Bank of Kansas City are denoted by the mark "J10", representing the 10th district (J is also the 10th letter of the alphabet).

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  1. What happens if interest rates increase too quickly?

    When interest rates increase too quickly, it can cause a chain reaction that affects the domestic economy as well as the ... Read Full Answer >>
  2. When was the last time the Federal Reserve hiked interest rates?

    The last time the U.S. Federal Reserve increased the federal funds rate was in June 2006, when the rate was increased from ... Read Full Answer >>
  3. Do lower interest rates increase investment spending?

    Lower Interest rates encourage additional investment spending, which gives the economy a boost in times of slow economic ... Read Full Answer >>
  4. 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 >>
  5. 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 >>
  6. 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 >>

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