The Federal Reserve is the central banking system of the United States. It was created in the year 1913. Ben Bernanke is the chairman of the Federal Reserve. He has been the chairman since 2006. Before him, Alan Greenspan was the chairman of the federal reserve.
the federal reserve of course now do the happy dance
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No, Justin Bieber is not in Canada right now.
False, before 1980 it was the case but today the new legislation requires all commercial banks to be members of the federal reserve system. All depository institutions became subject to the same requirements to keep deposits at the Federal Reserve. Members or not members are now on equal footing in ters of reserve requirement. I hope that helps Sara
A 1963 5 dollar red seal indicates US Note rather than Federal Reserve because it was issued as part of the United States Note series. United States Notes were a form of paper currency issued by the U.S. government directly, while Federal Reserve Notes were issued by the Federal Reserve System.
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All 1929 US Federal Reserve notes have brown seals rather than red. They were issued as a now-unusual form of paper money called National Currency. Please see the question "What is the value of a 1929 US 20 dollar Federal Reserve Note?" for more information.
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The Federal Reserve or Federal Reserve System is part of the U.S. Government and acts as the country's central bank. However, it operates independent of the President, the rest of the Executive Branch, and the Legislative Branch. The Federal Reserve gets its authority from Congress and is subject to congressional oversight. It is compose of 12 Federal Reserve Banks, as well as numerous private banks, a Board of Governors and the Federal Open Market Committee (FOMC). The FOMC establishes monetary policy. There are numerous other functions and responsibilities. See Sources and related links for a detailed description including the duties and responsibilities of the Federal Reserve.
They founded what is now called the Federal Reserve system.
The federal reserve notes that are currently in circulation are: $1 $2 $5 $10 $20 $50 $100 Previous denominations of federal reserve notes that are still legal tender (but do not circulate as they haven't been made since the 1940s and are now worth more than face value to collectors) $500 $1000 $5000 $10000 And a $100,000 bill was printed although it wasn't a federal reserve note (it was instead a gold certificate) and never circulated among the public (instead it was for transactions between banks)
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