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What does the FRB of New York?
The FRB of New York is the Federal Reserve Bank. It is a Reserve bank along with twelve banks in conjunction with the Board of Governors of Washington D.C. that make up the Federal Reserve System.
What is the value of a 1929 US 20 dollar bill from Federal Reserve Bank of Richmond Virginia?
In average condition, $20 bills with that date that were distributed by the Richmond FRB unfortunately aren't worth much of a premium. Please see the Related Question for more information.
What happens when you react Fluorine with Rubidium?
FRb
What was the abbreviation FRB stand for?
free road board
What is the airport code for Forbes Airport?
The airport code for Forbes Airport is FRB.
What does FRB mean on a National Westminster Bank statement?
fixed rate bond
What does FRB mean on a bank statement?
Fixed rate bond: ie the interest being paid into the nominated account
Which country is franc from?
"franc" was the currency of France (FRF, French Franc) ; the Belgian currency was FRB, "le franc belge"
Where can one find an overview of how savings bonds work?
You can find an overview of how Savings Bonds work online at Treasury Direct. On this website there is information on Savings Bonds including Savings Bond Calculator, Savings Bonds Wizard, Value Files and FRB Locator and more.
How do Federal Reserve banks get their money?
The Federal Reserve Bank doesn't get their money from anyone; they're the central bank for the United States of America. They watch our GDP, or Gross Domestic Product, which is the measure of growth in our economy, and supplies money to satisfy that level of growth. One of the FRB's jobs is to regulate the quantity of money in our economy to avoid inflation and deflation. Bills are printed by the Bureau of Engraving and Printing at the request of the FRB, and are distributed to the banking system via the 12 different regional Federal Reserve banks around the US. In conjunction with the BEP the FRB also shreds old money after it has cycled through the system a certain number of times. Millions of old dollars are shredded by the FRB every day. I'd like to just add in here, that the Federal Reserve is not Federal at all. It isn't even a part of our government and is not subject to U.S laws. It is a private bank that was given it's power through the 1913 Federal Reserve Act, and the 'law' was not legally ratified. The Federal Reserve was the cause of the Depression and all, including current, inflation and loss of value in the U.S dollar.
How is the bank discount rate determined?
By law, each FRB sets its discount rate every two weeks, subject to the approval of the board of governors. The gradual nationalization of the credit market over the years, however, has resulted in a uniform discount rate
When is damaged US twenty dollar bill no longer any good?
A damaged US twenty dollar bill may still be usable if more than 50% of the bill is still intact, and as long as the serial number is legible. However, severely damaged bills that cannot be authenticated by a bank may need to be sent to the Bureau of Engraving and Printing for evaluation and possible replacement.
