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> United States > Independent Agencies > Federal Reserve Board
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| Website | http://www.federalreserve.gov/ |
| Established | 00, 1913 |
| Disbanded | Still Active |
| Contributor | U Ole Polecat |
| Last Modified | Scott³ November 27, 2008 02:34am |
| Description |
The Federal Reserve System, also known as the Fed, is the central bank of the
United States. It was created by the Congress with the passage of the Federal
Reserve Act in 1913. The Federal Reserve System is composed of a central,
governmental agency--the Board of Governors--in Washington, D.C., and twelve
regional Federal Reserve Banks located in major cities throughout the nation.
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