Difference between revisions of "Federal Reserve Bank"
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| − | A '''Federal Reserve bank''' is any one of the 12 operating arms of the [[Federal Reserve System]], located throughout the [[United States]], that together with their 25 branches carry out various functions of the U.S. central bank system.<ref>http://usinfo.state.gov/products/pubs/oecon/chap12.htm</ref> | + | A '''Federal Reserve bank''' is any one of the 12 operating arms of the [[Federal Reserve System]], located throughout the [[United States]], that together with their 25 branches carry out various functions of the U.S. central bank system.<ref>http://usinfo.state.gov/products/pubs/oecon/chap12.htm</ref> The chief significance of the Federal Reserve Bank, called "the Fed" for short, is to set and adjust a target interest rate for interbank loans, also known as the Federal Funds Rate. This rate then influences the interest rates for all bonds. |
A dollar bill's printing location can be identified by the serial letter. On the one dollar bill, the serial letter is located in a black circle on the front left side. | A dollar bill's printing location can be identified by the serial letter. On the one dollar bill, the serial letter is located in a black circle on the front left side. | ||
| − | + | #A is [[Boston]], [[Massachusetts]] | |
| − | + | #B is [[New York City]], [[New York]] | |
| − | + | #C is [[Philadelphia]], [[Pennsylvania]] | |
| − | + | #D is [[Cleveland]], [[Ohio]] | |
| − | + | #E is [[Richmond]], [[Virginia]] | |
| − | + | #F is [[Atlanta]], [[Georgia]] | |
| − | + | #G is [[Chicago]], [[Illinois]] | |
| − | + | #H is [[St. Louis]], [[Missouri]] | |
| − | + | #I is [[Minneapolis]], [[Minnesota]] | |
| − | + | #J is [[Kansas City]], [[Missouri]] | |
| − | + | #K is [[Dallas]], [[Texas]] | |
| − | + | #L is [[San Francisco]], [[California]] <ref>http://www.federalreserve.gov/generalinfo/faq/faqfrbanks.htm</ref> | |
==References== | ==References== | ||
Latest revision as of 07:06, June 21, 2017
A Federal Reserve bank is any one of the 12 operating arms of the Federal Reserve System, located throughout the United States, that together with their 25 branches carry out various functions of the U.S. central bank system.[1] The chief significance of the Federal Reserve Bank, called "the Fed" for short, is to set and adjust a target interest rate for interbank loans, also known as the Federal Funds Rate. This rate then influences the interest rates for all bonds.
A dollar bill's printing location can be identified by the serial letter. On the one dollar bill, the serial letter is located in a black circle on the front left side.
- A is Boston, Massachusetts
- B is New York City, New York
- C is Philadelphia, Pennsylvania
- D is Cleveland, Ohio
- E is Richmond, Virginia
- F is Atlanta, Georgia
- G is Chicago, Illinois
- H is St. Louis, Missouri
- I is Minneapolis, Minnesota
- J is Kansas City, Missouri
- K is Dallas, Texas
- L is San Francisco, California [2]