The Fed achieves these goals by providing the U.S. with a central monetary policy and regulating U.S. banks. The 12 Federal Reserve Banks act as “banks for the banks.” When the Board of ...

The Federal Reserve is the country’s national banking system. It includes 12 Federal Reserve banks around the nation, including the Federal Reserve Bank of New York, that help distribute ...

who oversee the 12 Federal Reserve Banks, set their reserve requirements, and manage the discount window. They also draft policy through the economic data they collect from regular surveys of ...

Participation ranges from the Fed Chair to its Board of Governors to the presidents of the country’s 12 federal reserve banks, although only the 12 FOMC members currently elected can actually ...