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The Federal Reserve System (also the Federal Reserve; informally The Fed) is the central banking system of the United States.
The Federal Reserve System is a quasi-governmental, decentralized central bank. It is composed of a central Board of Governors of the Federal Reserve System in Washington, D.C., twelve regional Federal Reserve Banks located in major cities throughout the nation, numerous member banks and other entities (see below). Ben Bernanke serves as the current Chairman of the Board of Governors of the Federal Reserve.
The Federal Reserve System was created via the Federal Reserve Act of December 23rd, 1913 which "established a new central bank designed to add both flexibility and strength to the nation's financial system." The legislation provided for a system that included a number of regional Reserve Banks and a seven-member governing board. All national banks were required to join the system and other banks could join. The Reserve Banks opened for business on November 16th, 1914. Congress created Federal Reserve Notes to provide the nation with an elastic supply of currency. The notes were to be issued to Reserve Banks for subsequent transmittal to banking institutions in accordance with the needs of the public. It includes a system of eight to twelve regional reserve banks, owned by its commercial member banks and supervised by the Board of Governors. The board and its chairman are appointed by the president and approved by the Senate.
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US Federal Reserve :: Central Banks
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Atlanta Federal Reserve - Economic Review - a quarterly journal on macroeconomic, financial, and international issues. Index, abstracts and articles as pdf-files.
Chicago Federal Reserve - Economic Perspectives - A quarterly journal reporting on the Bank's research in the financial and international sectors. Index and articles as pdf-files.
Federal Reserve Bank of St Louis Review -
Meta Description: [ Federal Reserve Bank of St. Louis Review ]
Federal Reserve Bulletin - A monthly journal published by the Federal Reserve Board containing reports and analysis of economic developments, regulatory issues, and new data. Index, abstracts and papers as pdf-files.
Kansas City Federal Reserve - Economic Review - a quarterly journal with articles about business, finance, agriculture, and related policy topics. Index, abstracts and articles as pdf-files.
Meta Description: [ View most recent Economic Review articles and find summaries and articles from the Economic Review since 1994. ]
Minneapolis Federal Reserve - Quarterly Review - An academic journal that presents economic research aimed at improving policymaking by the Federal Reserve System and other governmental authorities. Index, abstracts and papers as pdf-files.
Minneapolis Federal Reserve - The Region - a quarterly magazine exploring banking and economic policy issues that relate to Federal Reserve activities. Regular features include interviews with noted economists or central bankers. Index and articles.
Meta Description: [ The Region Magazine ]
New England - Economic Review - A bimonthly journal published by Federal Reserve Bank of Boston examines economic and public policy issues on regional, national, and international topics. Abstracts, index and papers as pdf-files.
Philadelphia Federal Reserve - Business Review - a bimonthly journal featuring college-level discussion of current economic issues. Abstracts and papers as pdf-files.
San Francisco Federal Reserve - Economic Letter - Provides short essays on current topics covering local, national, and international economic issues.
San Francisco Federal Reserve - Economic Review - Index and articles as pdf-files.
Meta Description: [ A quarterly journal written by economists at the Federal Reserve Bank of San Francisco ]
St. Louis Federal Reserve - Review - A bimonthly economics journal devoted to national and international economic developments, particularly their monetary aspects. Index and papers as pdf-files.
Meta Description: [ Federal Reserve Bank of St. Louis Review ]
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