The Fed
Info for November 28, 2012
About the Fed
- Known as the "Federal Reserve System"
- Central bank of the United States
- Regulates money flow and the economy
- Creates a more stable economy
- Try's to keep full employment
- Regulates inflation and deflation
- Founded in 1913
District banks names and locations
District 1 - Boston, MA
District 2 - New York, NY
District 3 - Philadelphia, PA
District 4 - Cleveland, OH
District 5 - Richmond, VA
District 6 - Atlanta, GA
District 7 - Chicago, IL
District 8 - St. Louis, MI
District 9 - Minneapolis, MN
District 10 - Kansas City, MO
District 11 - Dallas, TX
District 12 - San Francisco, CA