Want this question answered?
The Federal Reserve.
The Federal Reserve.
The Federal Reserve.
The Federal Reserve Bank is the central bank of the US.
The Federal Reserve Bank is the central bank of the US.
why bank called bank of all banks
Central bank
because it it seen as the main (central) bank, so it is known as the bank of (all) banks.
the banker
The Federal Reserve
The US Federal Reserve System consists of several different regional bank which together perform several of the functions of a Central Band, but it is not exactly the same as a Central Bank.
Usually the central bank of a country is called the bank of banks or the banker of banks. When normal banks have a shortage of cash or need some funds or guidance, they go to the central bank. That is why they are called so. In india, the Reserve Bank of India is the bank of all other banks in India.