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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.
The Federal Reserve Bank of Chicago (informally the Chicago Fed) is one of twelve Federal Reserve Banks that, along with the Federal Reserve Board of Governors, make up the Federal Reserve System, the United States' central bank. The Chicago Fed serves the Seventh District, which encompasses the northern portions of Illinois and Indiana ...
Federal Reserve Bank of Atlanta New Orleans Branch. Chicago. Federal Reserve Bank of Chicago Detroit Branch. St. Louis. Federal Reserve Bank of St. Louis Little Rock Branch. Federal Reserve Bank of St. Louis Louisville Branch. Federal Reserve Bank of St. Louis Memphis Branch. Minneapolis. Federal Reserve Bank of Minneapolis Helena Branch.
The Federal Reserve meets for its seventh two-day rate-setting session of 2024 on Wednesday, November 6, and Thursday, November 7, 2024. At the end of its Federal Open Market Committee session on ...
The Federal Reserve Bank of Cleveland is the Cleveland -based headquarters of the U.S. Federal Reserve System 's Fourth District. The district is composed of Ohio, western Pennsylvania, eastern Kentucky, and the northern panhandle of West Virginia. It has branch offices in Cincinnati and Pittsburgh.
The Fed's first interest rate cut since March 2020 lowers the benchmark federal funds rate to a range of 4.75% to 5%. Interest rates had been at a range of 5.25% to 5.5% since July 2023, the ...
The Federal Reserve Bank of New York is one of the 12 Federal Reserve Banks of the United States. It is responsible for the Second District of the Federal Reserve System, which encompasses the State of New York, the 12 northern counties of New Jersey, Fairfield County in Connecticut, Puerto Rico, and the U.S. Virgin Islands.
The Federal Reserve Bank of San Francisco (informally referred to as the San Francisco Fed) is the federal bank for the twelfth district in the United States.The twelfth district is made up of nine western states—Alaska, Arizona, California, Hawaii, Idaho, Nevada, Oregon, Utah, and Washington—plus the Northern Mariana Islands, American Samoa, and Guam.