What Do the Federal Reserve Banks Do?
In 1913, the Federal Reserve Act established the Federal Reserve System (FRS), an independent governmental entity that would serve as a central…
Search Results for: federal reserve bank
What is a Commercial Bank, How Do They Work, and Why Do They Matter?
What Is a Commercial Bank? The term “commercial bank” refers to a financial institution that accepts deposits, offers checking account services, makes various loans and offers essential…
Reserve Requirements: A Definition, History, and Example
What Are Reserve Requirements? Reserve requirements are the amount of cash that financial institutions must have, in their vaults or at the…
Online Banking Security: How To Protect Your Online Banking Information
Digital banking (online and mobile banking) makes managing finances easy. With digital banking technology, you can pay bills, deposit checks…
What is the Federal Open Market Committee (FOMC): What It Is and Does
What Is the Federal Open Market Committee (FOMC)? The term Federal Open Market Committee (FOMC) refers to the branch of…
Federal Reserve Board (FRB)
What Is the Federal Reserve Board (FRB)? The Board of Governors of the Federal Reserve System, also known as the…
What Is a Central Bank, and Does the U.S. Have One?
What Is a Central Bank? A central bank is a financial institution given privileged control over the production and distribution…
Adjustable-Rate Mortgage (ARM): What It Is and Different Types
What Is an Adjustable-Rate Mortgage (ARM)? The term adjustable-rate mortgage (ARM) refers to a home loan with a variable interest rate.…
How Many Bitcoins Are There?
As of June 2022, about 2 million bitcoins (BTC) are left to be mined, meaning that there are nearly 19 million currently…
What is the U.S. Treasury?
The U.S. Treasury, created in 1789, is the government department responsible for issuing all Treasury bonds, notes, and bills. The Internal Revenue…