Definitions for federal reserve system
fed·er·al re·serve sys·tem

Princeton's WordNetRate this definition:0.0 / 0 votes

1. Federal Reserve System, Federal Reserve, Fed, FRSnoun

   the central bank of the United States; incorporates 12 Federal Reserve branch banks and all national banks and state-chartered commercial banks and some trust companies

   "the Fed seeks to control the United States economy by raising and lowering short-term interest rates and the money supply"

WikipediaRate this definition:0.0 / 0 votes

1. federal reserve system

   The Federal Reserve System (often shortened to the Federal Reserve, or simply the Fed) is the central banking system of the United States. It was created on December 23, 1913, with the enactment of the Federal Reserve Act, after a series of financial panics (particularly the panic of 1907) led to the desire for central control of the monetary system in order to alleviate financial crises. Over the years, events such as the Great Depression in the 1930s and the Great Recession during the 2000s have led to the expansion of the roles and responsibilities of the Federal Reserve System.Congress established three key objectives for monetary policy in the Federal Reserve Act: maximizing employment, stabilizing prices, and moderating long-term interest rates. The first two objectives are sometimes referred to as the Federal Reserve's dual mandate. Its duties have expanded over the years, and currently also include supervising and regulating banks, maintaining the stability of the financial system, and providing financial services to depository institutions, the U.S. government, and foreign official institutions. The Fed also conducts research into the economy and provides numerous publications, such as the Beige Book and the FRED database. The Federal Reserve System is composed of several layers. It is governed by the presidentially-appointed board of governors or Federal Reserve Board (FRB). Twelve regional Federal Reserve Banks, located in cities throughout the nation, regulate and oversee privately-owned commercial banks. Nationally chartered commercial banks are required to hold stock in, and can elect some board members of, the Federal Reserve Bank of their region. The Federal Open Market Committee (FOMC) sets monetary policy. It consists of all seven members of the board of governors and the twelve regional Federal Reserve Bank presidents, though only five bank presidents vote at a time—the president of the New York Fed and four others who rotate through one-year voting terms. There are also various advisory councils. It has a structure unique among central banks, and is also unusual in that the United States Department of the Treasury, an entity outside of the central bank, prints the currency used.The federal government sets the salaries of the board's seven governors, and it receives all the system's annual profits, after dividends on member banks' capital investments are paid, and an account surplus is maintained. In 2015, the Federal Reserve earned a net income of $100.2 billion and transferred $97.7 billion to the U.S. Treasury, and 2020 earnings were approximately $88.6 billion with remittances to the U.S. Treasury of $86.9 billion. Although an instrument of the U.S. government, the Federal Reserve System considers itself "an independent central bank because its monetary policy decisions do not have to be approved by the president or by anyone else in the executive or legislative branches of government, it does not receive funding appropriated by Congress, and the terms of the members of the board of governors span multiple presidential and congressional terms."

ChatGPTRate this definition:0.0 / 0 votes

1. federal reserve system

   The Federal Reserve System, often referred to as the 'Fed', is the central banking system of the United States, established to provide the country with a safe, flexible, and stable monetary and financial system. Created in 1913 by the Federal Reserve Act, it is composed of a board of governors, 12 regional Federal Reserve Banks, numerous private U.S. banks and advisory councils. The Federal Reserve System has many responsibilities, including regulating and supervising banks, conducting monetary policy by influencing money and credit conditions, and maintaining the stability of the financial system.

WikidataRate this definition:0.0 / 0 votes

1. Federal Reserve System

   The Federal Reserve System is the central banking system of the United States. It was created on December 23, 1913, with the enactment of the Federal Reserve Act, largely in response to a series of financial panics, particularly a severe panic in 1907. Over time, the roles and responsibilities of the Federal Reserve System have expanded and its structure has evolved. Events such as the Great Depression were major factors leading to changes in the system. The US Congress established three key objectives for monetary policy in the Federal Reserve Act: Maximum employment, stable prices, and moderate long-term interest rates. The first two objectives are sometimes referred to as the Federal Reserve's dual mandate. Its duties have expanded over the years, and today, according to official Federal Reserve documentation, include conducting the nation's monetary policy, supervising and regulating banking institutions, maintaining the stability of the financial system and providing financial services to depository institutions, the U.S. government, and foreign official institutions. The Fed also conducts research into the economy and releases numerous publications, such as the Beige Book.

Matched Categories

1. • Central Bank

How to pronounce federal reserve system?

1. Alex

   US English

   David

   US English

   Mark

   US English

   Daniel

   British

   Libby

   British

   Mia

   British

   Karen

   Australian

   Hayley

   Australian

   Natasha

   Australian

   Veena

   Indian

   Priya

   Indian

   Neerja

   Indian

   Zira

   US English

   Oliver

   British

   Wendy

   British

   Fred

   US English

   Tessa

   South African

How to say federal reserve system in sign language?

Numerology

1. Chaldean Numerology

   The numerical value of federal reserve system in Chaldean Numerology is: 4

2. Pythagorean Numerology

   The numerical value of federal reserve system in Pythagorean Numerology is: 1

Examples of federal reserve system in a Sentence

1. Neel Kashkari:

   If we can demonstrate to the American people that there is a diversity of views within the Federal Reserve system, and people are outspoken, what better way to demonstrate that we are not political or beholden to the (White House) or any political party, i think this shows more independence among the Federal Reserve.

References

1. ^ Princeton's WordNet
   http://wordnetweb.princeton.edu/perl/webwn?s=federal reserve system
2. ^ Wikipedia
   https://en.wikipedia.org/wiki/Federal_Reserve_System
3. ^ ChatGPT
   https://chat.openai.com
4. ^ Wikidata
   https://www.wikidata.org/w/index.php?search=federal reserve system