Federal Reserve Bank

The banks that carry out Fed operations, including controlling the money supply and regulating member banks. There are 12 District Feds, headquartered in Boston, New York, Philadelphia, Cleveland, St. Louis, San Francisco, Richmond, Atlanta, Chicago, Minneapolis, Kansas City and Dallas.

They are also known as "district Feds".

Investopedia Says:
These banks are the operating arms of the central bank. They implement the policies of the Federal Reserve Board and also carry out economic research.

Related Links:
Few organizations can move the market like the Federal Reserve. As an investor, it's important to understand exactly what the Fed does and how it influences the economy. The Federal Reserve
Learn about the tools the Fed uses to influence interest rates and general economic conditions. Formulating Monetary Policy
The policies of these banks affect the currency market like nothing else - see what makes them tick. Get To Know The Major Central Banks
Learn the underlying theories behind these concepts and what they can mean for your portfolio. The Importance Of Inflation And GDP

One of 12 regional banks in the Federal Reserve System. These banks are located in Boston, New York, Philadelphia, Cleveland, Richmond, Atlanta, Chicago, St. Louis, Minneapolis, Kansas City, Dallas, and San Francisco. The role of each bank, and its branches, is to provide central bank services, such as check collection, access to the Federal Reserve Wire Network (Federal Wire or Fed Wire) and credit advances at the Fed Discount Window . In addition, Federal Reserve Banks establish monetary policy along with the Federal Reserve Board of Governors, and monitor commercial and savings banks to ensure that financial institutions follow Federal Reserve regulations. Reserve banks act as depositories for member banks in their regions. Each Federal Reserve Bank is owned by commercial banks in its Federal Reserve district that hold stock in the Fed district bank. These commercial banks are Member Banks in the Federal Reserve System. See also Federal Reserve Board; Regional Check Processing Center.