The Federal Reserve Bank of the United States is the central bank of the United States.
The Federal Reserve Bank of the United States is a private regional financial institution affiliated with the Federal Reserve System of the United States.
Under the Federal Reserve Act of 1913, the United States is divided into 12 Federal Reserve Districts.
Each district has a Federal Reserve Bank named for the city in which it is located.
The Federal Reserve Bank of the United States is organized differently from central banks in other Western countries.
It is not an independent bank, but a financial system consisting of the Federal Reserve Board, the 12 regional Federal Reserve Banks, the Federal Council, and the Federal Advisory Board to perform the functions of a central bank.
Its functions are: issue, act as Treasury, regulate the circulation of money, supervise private banking and financial management, organize bill clearing, etc.
