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Is the federal reserve responsible for administering the federal tax code?
Wiki User
∙ 12y ago
No, that would be the Internal Revenue Service (IRS).
Wiki User
∙ 12y ago
Wiki User
∙ 11y agoFalse
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Does the Federal Reserve print money?
Yes the federal Reserve, created in 1913, prints all US currency and coins. Every US dollar in circulation is printed as federal reserve notes which can be seen at the top of every US dollar. The US Treasury is obligated to print money at the demand of the Federal Reserve. When the government needs money, it gives US Treasury bonds to the Federal Reserve and in return, the federal reserve sells the government federal reserve notes with interest. How does the federal Reserve get these Federal Reserve notes? The US Treasury prints them out for the Federal Reserve electronically. These US Treasury bonds are than sold to very wealthy individuals and privant banks.According to the US code-section 411," Federal reserve notes, to be issued at the discretion of the Board of Governors of the Federal Reserve System for the purpose ofmaking advances to Federal reserve banks through the Federal reserve agents as hereinafter set forth and for no other purpose,are authorized. The said notes shall be obligations of the United States and shall be receivable by all national and member banks and Federal reserve banks and for all taxes, customs, and other publicdues. They shall be redeemed in lawful money on demand at the Treasury Department of the United States, in the city of Washington, District of Columbia, or at any Federal Reserve bank." (http://codes.lp.findlaw.com/uscode/12/3/XII/411)
How many federal reserve districts is there?
There are twelve Federal Reserve Banks, one in each of the twelve Federal Reserve Districts. The District boundaries follow state lines, with some exceptions:1st District, Boston. Connecticut (excluding Fairfield County), Massachusetts, Maine, New Hampshire, Rhode Island, and Vermont2nd District, New York. New York State, twelve counties in northern New Jersey, Fairfield County in Connecticut, Puerto Rico, and the Virgin Islands3rd District, Philadelphia. Eastern Pennsylvania, southern New Jersey, and all of Delaware4th District, Cleveland. Ohio, western Pennsylvania, eastern Kentucky, and the northern panhandle of West Virginia.5th District, Richmond. Maryland, Virginia, North Carolina, South Carolina, and most of West Virginia6th District, Atlanta. Alabama, Florida, Georgia, and parts of Louisiana, Mississippi, and Tennessee7th District, Chicago. Iowa and most of Illinois, Indiana, Michigan, and Wisconsin8th District, St. Louis. Arkansas and portions of six other states: Missouri, Mississippi, Tennessee, Kentucky, Indiana, and Illinois9th District, Minneapolis. Minnesota, Montana, North Dakota, South Dakota, twenty-six counties in northwestern Wisconsin, and the Upper Peninsula of Michigan10th District, Kansas City. Colorado, Kansas, Nebraska, Oklahoma, Wyoming, northern New Mexico, and Western Missouri11th District, Dallas. Texas, northern Louisiana, and southern New Mexico12th District, San Francisco. Nine western states--Alaska, Arizona, California, Hawaii, Idaho, Nevada, Oregon, Utah, and Washington--and American Samoa, Guam, and the Northern Mariana IslandsThe nine digit number between the brackets on your check is the is the routing code for the bank the check will be drawn on. The first two number indicate which of the 12 Federal Reserve Districts the check will be processed at.
What does activation code means?
what does activation code mean to play a game
What is the cot code of commercial bank?
what is that mean cot code? because someone gave me the money i did fill out then transfer to my bank but they ask me please enter cot code and i don't know and i don't have it cot code for that information
Where can you get government expenses economic code of Bangladesh?
I need economic code of Bangladesh Government
What is swift code for Boston federal reserve bank?
SW-FDRLINBBIBD Omar Mampad
What is the letter on a US 1 dollar bill from the Federal Reserve Bank of Los Angeles California?
The Federal Reserve Bank of Los Angeles uses the letter code "L" and the numeric code "12". To clear things up, the bill wasn't actually printed by the Los Angeles Federal Reserve Bank. It was distributed through that bank but was printed in either Washington of Fort Worth at the request of the district.
Does the Federal Reserve print money?
Yes the federal Reserve, created in 1913, prints all US currency and coins. Every US dollar in circulation is printed as federal reserve notes which can be seen at the top of every US dollar. The US Treasury is obligated to print money at the demand of the Federal Reserve. When the government needs money, it gives US Treasury bonds to the Federal Reserve and in return, the federal reserve sells the government federal reserve notes with interest. How does the federal Reserve get these Federal Reserve notes? The US Treasury prints them out for the Federal Reserve electronically. These US Treasury bonds are than sold to very wealthy individuals and privant banks.According to the US code-section 411," Federal reserve notes, to be issued at the discretion of the Board of Governors of the Federal Reserve System for the purpose ofmaking advances to Federal reserve banks through the Federal reserve agents as hereinafter set forth and for no other purpose,are authorized. The said notes shall be obligations of the United States and shall be receivable by all national and member banks and Federal reserve banks and for all taxes, customs, and other publicdues. They shall be redeemed in lawful money on demand at the Treasury Department of the United States, in the city of Washington, District of Columbia, or at any Federal Reserve bank." (http://codes.lp.findlaw.com/uscode/12/3/XII/411)
What is the BIC number for Suncoast Schools Federal Credit Union?
According to Suncoast Schools Federal Credit Union they do not have a SWIFT/BIC code. Only a routing number 263-182-817 and they are online with the Federal Reserve
What is Routing Sort Code?
It is a number usually found on a check, it tells you which Federal Reserve Bank it is in route to, THE US HAS 12 OF THESE STRANGE CODES.
What is the value of a 1914 4-D 5 dollar bill?
The "4-D" indicates you have an early Federal Reserve Note; those are the code number and letter for the Cleveland OH district. There's more information at the question "What is the value of a 1914 US 5 dollar Federal Reserve Note?".
What is the airport code for Dobbins Air Reserve Base?
The airport code for Dobbins Air Reserve Base is MGE.
What is the airport code for Westover Air Reserve Base?
The airport code for Westover Air Reserve Base is CEF.
What is the airport code for Grissom Air Reserve Base?
The airport code for Grissom Air Reserve Base is GUS.
What is the airport code for Homestead Air Reserve Base?
The airport code for Homestead Air Reserve Base is HST.
How do you get COT code in reserve bank of India?
c.o.t code
What is the airport code for Ellington Field Joint Reserve Base?
The airport code for Ellington Field Joint Reserve Base is EFD.
