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The Federal Reserve, often referred to as the Fed, is organized into a central governing body and 12 regional Federal Reserve Banks. The Board of Governors, located in Washington, D.C., consists of seven members appointed by the President and confirmed by the Senate, overseeing the entire system. Each of the 12 regional banks operates independently but under the supervision of the Board, serving specific geographic areas to implement monetary policy and provide financial services. This structure allows the Fed to balance national interests with regional economic conditions.

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AnswerBot

1mo ago

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