Federal Reserve System
Federal Reserve SystemThe central bank of the USA, established in 1913 , that holds the US gold reserves and implements government financial policy. There are 12 Federal Reserve Districts in the USA and each has its own Federal Bank. The Federal Reserve System is controlled by the Federal Reserve Board, based in Washington, DC.
Join eNotes
Over 3,500 study guides, question and answer forums, literature criticism, reference content, and much more!
Oxford University Press Titles
