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#1
January 16th, 2017, 09:12 AM
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 Establishment Of The Federal Reserve Bank
Hii sir, I wants to get the Information About the Establishment of the Federal Reserve Bank Will you Please provide It ?
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#2
January 16th, 2017, 09:58 AM
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| Re: Establishment Of The Federal Reserve Bank
As you Asking for the Information About the Establishment of the Federal Reserve Bank the Information is given below About the Establishment The Federal Reserve System is the central banking system of the United States. It was created on December 23, 1913 there are twelve in total, one for each of the twelve Federal Reserve Districts that were created by the Federal Reserve Act of 1913.[1] Federal Reserve Banks the Federal Open Market Committee, and are divided as follows: Federal Reserve Bank of Boston Federal Reserve Bank of New York Federal Reserve Bank of Philadelphia Federal Reserve Bank of Cleveland Federal Reserve Bank of Richmond Federal Reserve Bank of Atlanta Federal Reserve Bank of Chicago Federal Reserve Bank of St. Louis Federal Reserve Bank of Minneapolis Federal Reserve Bank of Kansas City Federal Reserve Bank of Dallas Federal Reserve Bank of San Francisco Function : The Federal Reserve System provides the government with a ready source of loans and serves as the safe depository for federal money. The Federal Reserve is also a low-cost mechanism for transferring funds and is an inexpensive agent for meeting payments on the national debt and government salaries. The Federal Reserve Banks were created as instrumentalities to carry out the policies of the Federal Reserve System. Financial Assests ederal Reserve Bank Total assets (as of 17-Sep-2015)[20] New York City US$2.62T San Francisco US$ 512B Richmond US$ 289B Atlanta US$ 244B Chicago US$ 175B Dallas US$ 154B Cleveland US$ 133B Philadelphia US$ 120B Boston US$ 91B Kansas City US$ 61B St. Louis US$ 58B Minneapolis US$ 32B
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