The Federal Reserve have 12 locations: Boston, New York, Philadelphia, Cleveland, Richmond, Atlanta, Chicago, St. Louis, Minneapolis, Kansas City, Dallas and San Francisco.
The Federal Reserve is the Central Bank of the United States, it was founded December 13, 1913, Chair and President is Janet Yellen. The mission statement of the Federal Reserve is to provide the nation with a safe, flexible, and stable monetary and financial system.
The board consists of the seven governors, appointed by the president and confirmed by the Senate. Governors serve 14-year, staggered terms to ensure stability and continuity over time. The chairman and vice-chairman are appointed to four-year terms and may be reappointed subject to term limitations.
The Board of Governors are to guide monetary policy action, to analyze domestic and international economic and financial conditions, and to lead committees that study current issues, such as consumer banking laws and electronic commerce. A network of 12 Federal Reserve Banks and 24 branches make up the Federal Reserve System.
The Reserve Banks serve banks, the U.S. Treasury, and…
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