DEFINITION of 'Federal Reserve System - FRS'
The central bank of the United States. The Fed, as it is commonly called, regulates the U.S. monetary and financial system. The Federal Reserve System is composed of a central governmental agency in Washington, D.C. (the Board of Governors) and twelve regional Federal Reserve Banks in major cities throughout the United States.
INVESTOPEDIA EXPLAINS 'Federal Reserve System - FRS'
You can divide the Federal Reserve's duties into four general areas:
1. Conducting monetary policy
2. Regulating banking institutions and protecting the credit rights of consumers
3. Maintaining the stability of the financial system
4. Providing financial services to the U.S. government
The central bank of the United States and the most powerful financial ...
The interest rate at which a depository institution lends funds ...
An estimate of the ratio of debt payments to disposable income. ...
The bank where a check is initially deposited to an account. ...
A bank that is found in any city that also has a Federal Reserve ...
An amendment made to the Bank Holding Act of 1956. The Douglas ...