U.S. Federal Reserve Banks

The U.S. Federal Reserve Banks are a network of twelve regional banks that serve as the central bank of the United States. Established in 1913, they manage the country’s monetary policy, regulate banks, maintain financial stability, and provide services like processing payments. Each regional bank oversees its district's economic conditions and represents local interests within the Federal Reserve System. The Federal Reserve's decisions influence interest rates, inflation, and overall economic growth, aiming to promote a stable economy for the nation.