There are twelve Federal Reserve district Banks in the Federal Reserve system, as you call it, the FED. These are identified by letter number code and run from Boston (A) to San Francisco. These banks are where the banks go to bank-and are not generally open to the public. In effect financial powerhouses- as opposed to something akin to savings and loans, or commercial banks. It should be noted there are some obscure statutes that require a certain margin of US currency to be in United States Notes- which are not, technically part of the Federal Reserve system. these have Red seals and serial numbers and are marked United States Note. Most common in $2 and $5 denomination, the red seal really stands out. These are perfectly legal tender- but it is understood they are limited to domestic transfers withing the Continental United States- hence the term Red-seal continental-.
Reserve requirement
The Fed encourages banks to loan more money by:Reducing the Cash Reserve Ratio (Money that needs to be deposited with the fed by every bank) This way banks have more cash to lend and hence they loan it to customersReducing Interest Rates - By reducing interest rates, loans become cheaper thereby prompting customers to take new loans which encourages banks to lend more loans in order to gain new business
The fed attempts to make banks safe and sound because of what happened during the great depression, when the stock market crashed the banks had no way of insuring the people that there money was save to stay in the banks, and with that in mind thousands of people went and withdrew their life savings and caused the banks to have to shut down. and in doing so now they can provide people with the ability to sleep well knowing that there money is save
100, which will give you a $1,000 strap. A "bank bundle" as you put it is called a Fed Strap because that is how the treasury department sends the money to the banks. All denominations in Fed Straps are 100 bills per strap.
12; The National banks are also known as Federal Reserve Banks
Others are state commercial banks that have chosen to be members. Of the more than 9,000 commercial banks in the country, more than 3,700 are members of the Fed.
The main thing the Fed does is that it is the Bank that Banks deposit their money in.
All US currency comes from the fed to banks in 100 packs
other banks.
Usually
To a certain extent the banks do. But the Fed, which lends money to banks, can have an impact on it depending on what interest they charge the banks.
Reserve requirement
monetary policy
The Federal Reserve controls the interest rate at which federal banks lend money. This, in turn, has a cascading effect, in which other banks interest rates are determined based on the rate set by the Fed.
The Fed encourages banks to loan more money by:Reducing the Cash Reserve Ratio (Money that needs to be deposited with the fed by every bank) This way banks have more cash to lend and hence they loan it to customersReducing Interest Rates - By reducing interest rates, loans become cheaper thereby prompting customers to take new loans which encourages banks to lend more loans in order to gain new business
yes
It's a fed holiday so most won't be.