Share This Article:

Economic Definition of Federal Reserve District Bank. Defined.

Offline Version: PDF

Term Federal Reserve District Bank Definition: One of 12 Federal Reserve Banks, each in charge of banking activity within its Federal Reserve District. The 12 Districts are centered in Boston, New York, Philadelphia, Cleveland, Richmond, Atlanta, Chicago, St. Louis, Mineapolis, Kansas City, Dallas, and San Francisco. Presidents from 5 of these 12 Banks serve on the powerful Federal Open Market Committee that conducts monetary policy.

 

« Federal Reserve deposits | Federal Reserve Districts »

Permalink: http://glossary.econguru.com/economic-term/Federal+Reserve+District+Bank

Alphabetical Reference to Over 2,000 Economic Terms