Federal Reserve System

Federal Reserve

The Federal Reserve System is the central banking system of the United States. It was created on December 23, 1913, with the enactment of the Federal Reserve Act, after a series of financial panics led to the desire for central control of the American monetary system. Although an instrument of the U.S. government, the Federal Reserve System is considered an independent central bank due to its structural insulation from political interference. Over the years, events such as the Great Depression in the 1930s and the Great Recession during the 2000s have led to the expansion of central bank's remit. Congress established three key objectives for monetary policy in the Federal Reserve Act: maximizing employment, stabilizing prices, and moderating long-term interest rates. The first two objectives are sometimes referred to as the Federal Reserve's dual mandate.

Sumber Data : Wikipedia

• Entity:  Central Bank

• Headquarters:  Eccles Building, Washington, D.c, U.s.
• Established:  December 23, 1913
• Central bank of:  United States
• Currency:  United States Dollar, Usd (Iso 4217)
• Reserve requirements:  None
• Bank rate:  3.75%
• Interest rate target:  3.50–3.75%
• Interest on reserves:  3.65%
• Interest paid on excess reserves?:  Yes
• Wikidata description:  Central Banking System Of The United States
• Wikidata label:  Federal Reserve System
• Wikidata aliases:  Federal Reserve System, Federal Reserve, Fed, The Fed, Frs

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