Whether the Fed belongs to the individual or the state

National ** Bank.

U.S. Federal Reserve System.

The Federal Reserve System), abbreviated as the Federal Reserve.

Federal Reserve), which is responsible for fulfilling the duties of the ** bank in the United States. The system was established on December 23, 1913, under the Federal Reserve Act. The Fed's core governing body is the U.S. Federal Reserve.

The Federal Reserve System is made up of a system located in Washington, D.C.

of the Federal Reserve Board and 12 regional Federal Reserve Banks located in major cities across the country.

Compose. Jerome Powell is the current top head of the Federal Reserve (Chairman of the Federal Reserve Board). As the first bank in the United States, the Federal Reserve is elected from the U.S. Congress.

Gain the power to exercise the power to set monetary policy.

and the supervision of U.S. financial institutions.

The Fed belongs to the state.

The Federal Reserve is the abbreviation of the Federal Reserve Board of the United States, and its function is actually the "first bank in the United States". The Federal Reserve was founded in 1913 and consists of the Federal Reserve Bank in 12 regions across the United States. The Fed has independent decision-making power over monetary and financial policy and is directly accountable to Congress.

As a result, the role of the chairman of the committee almost surpasses that of the United States**.

It is responsible for setting U.S. monetary policy, including setting the reserve requirement ratio, approving the discount rate, and managing and supervising the 12 federal banks and other member banks and holding companies. Its role is to control currency and credit, and to regulate the U.S. economy by using the three levers of open market operations, the discount rate of bank borrowing, and the statutory reserve ratio of financial institutions.

National. Although the founding of the United States is just over 200 years old, the history of currency alone can be endless. Milton Friedman's classic book "The Monetary History of the United States 1867-1960" is more than 800 pages long, and it only tells a summary of a historical fragment, which shows the complexity of economic and monetary history.

In 1791, after the founding of the United States, with the strong support of Hamilton, then Secretary of the Treasury and a genius, the first ** bank was founded, but this central bank disappeared after 20 years. This was followed by a second central bank, established in 1816, which also disappeared in 1836 under the opposition of the then **Jackson. For 80 years until 1913, the U.S. economy ran without a central bank.

Without a central bank, it is impossible to regulate the economy with appropriate monetary policy, and without a lender of last resort, the financial system is more prone to problems. Imagine that without central banks, Lehman Brothers would be far more likely to go bankrupt in this crisis. After 1836, the U.S. economy was in such a state of instability.

By 1907, the contagion crisis had brought the U.S. financial system to the brink of collapse. Fortunately, Morgan, the financial magnate at the time, intervened in time and single-handedly played the role of the central bank and saved the entire system.

Since then, the need for a central bank has become more apparent in the United States** and Congress. Congress passed the Federal Reserve Act in 1913 and was signed into law by Wilson. The Federal Reserve Act authorized the formation of ** banks, and the Federal Reserve was officially born.

This is the first fact to judge whether the Fed is a private institution or not: from the very beginning, the Fed was an institution established by national legislation.

Why is the Fed, as the central bank of the United States, privately owned, and not state-owned like other countries?

The U.S. belongs to the Federal Reserve, and you have to say the other way around, both parties in the U.S. work for the people behind the Fed.

Somewhat similar to the People's Bank of China. The difference is not much, but the rights are much better than those of the pedestrian line.

4.What is the Federal Reserve?

The Fed is not"A bank"Instead, the 50 states and the District of Columbia are divided into 12 Federal Reserve Districts, each with a Federal Reserve Bank and a number of branches, and a multi-tiered banking system with the Federal Reserve Board, Advisory Council, and a number of commercial banks as member banks. With the exception of the Federal Reserve Bank, all national banks (commercial banks registered with the Office of the Comptroller of the Currency) must be members of the Federal Reserve System, while commercial banks registered in the states are free to choose whether or not to join the Federal Reserve System. About one-third of commercial banks are members of the Federal Reserve System.

In terms of role and function, the Federal Reserve is indeed the ** bank of the United States, but it is indeed a private company registered in Delaware, which is not the same thing as the ** federal agency of the United States, although the chairman of the Federal Reserve is appointed by ** and approved by Congress, it is indeed controlled.

National ** Bank.

The Federal Reserve System, or Federal Reserve for short, is responsible for fulfilling the duties of the largest bank in the United States.

The system was established on December 23, 1913, under the Federal Reserve Act.

The core governing body of the Federal Reserve is the U.S. Federal Reserve.

The Federal Reserve System consists of the Federal Reserve Board in Washington, D.C., and 12 regional Federal Reserve Banks located in major cities across the country.

Jerome Bowie is the current top head of the Federal Reserve (Chairman of the Federal Reserve).

As the leading bank in the United States, the Federal Reserve derives powers from the U.S. Congress to exercise responsibilities such as setting monetary policy and supervising U.S. financial institutions.

The Federal Reserve is an individual enterprise, which is functionally a state agency, but a private institution in terms of registration. Slippery and the institution are the largest financial consortium in the United States, and they also represent the core interests of the United States, and it is a community with the interests of the United States.

The main responsibilities of the Federal Reserve are to formulate and implement relevant monetary policies, regulate banking institutions and protect the legitimate credit rights of consumers, maintain the stability of the financial system, and provide reliable financial services to the United States**, the public, financial institutions, foreign institutions, etc.

It is not a "single bank", but a multi-tiered banking system consisting of 50 states and Columbia credit districts divided into 12 Federal Reserve Districts, with a Federal Reserve Bank and several branches in each Federal Reserve District, and a number of commercial banks that are member banks.