The Federal Reserve is not in a branch of government (although if it was it would be in the Executive). It is its own entity.
Federal Reserve Bank of Chicago Detroit Branch Building was created in 1927.
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.
Each of the 12 Reserve Banks is subject to the supervision of a ninemember board of directors (board). Six of the directors are elected by the member banks of the respective Federal Reserve District (District), and three of the directors are appointed by the Board of Governors. Most Reserve Banks have at least one Branch, and each Branch has its own board of directors. A majority of the directors on a Branch board are appointed by the Reserve Bank, and the remaining Branch directors are appointed by the Board of Governors.
The Federal Reserve is responsible for managing the money supply in the U.S.
The Federal Reserve was created in 1913
Federal Reserve Bank of Cleveland Pittsburgh Branch was created in 1933.
Federal Reserve Bank of Richmond Baltimore Branch was created in 1926.
Federal Reserve Bank of Chicago Detroit Branch Building was created in 1927.
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.
Each of the 12 Reserve Banks is subject to the supervision of a ninemember board of directors (board). Six of the directors are elected by the member banks of the respective Federal Reserve District (District), and three of the directors are appointed by the Board of Governors. Most Reserve Banks have at least one Branch, and each Branch has its own board of directors. A majority of the directors on a Branch board are appointed by the Reserve Bank, and the remaining Branch directors are appointed by the Board of Governors.
Each of the 12 Reserve Banks is subject to the supervision of a ninemember board of directors (board). Six of the directors are elected by the member banks of the respective Federal Reserve District (District), and three of the directors are appointed by the Board of Governors. Most Reserve Banks have at least one Branch, and each Branch has its own board of directors. A majority of the directors on a Branch board are appointed by the Reserve Bank, and the remaining Branch directors are appointed by the Board of Governors.
The branch of the federal Reserve Board that determines the direction of monetary policy. The FOMC is composed of the board of governors, which has seven members, and five reserve bank presidents.
The address of the Reserve Branch is: 170 West 10Th Street, Reserve, 70084 6202
The Federal Reserve is responsible for managing the money supply in the U.S.
Establishing the Federal Reserve was the singular achievement of the Federal Reserve Act.
The phone number of the Reserve Branch is: 985-536-4107.
All U.S. dollar bills have a letter A through L to indicate a Federal Reserve Bank branch where the bill was first issued. K refers to the Federal Reserve Bank of Dallas.