Federal Reserve System - FRS
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. |
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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 |
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