Federal banking is the term for the way the Federal Reserve distributes its money. The Reserve (often called the “Fed”) operates twelve banking districts around the country which oversee money distribution within their respective districts. The twelve cities which are home to the Reserve Banks are Boston, New York City, Philadelphia, Richmond, Atlanta, Dallas, Saint Louis, Cleveland, Chicago, Minneapolis, Kansas City, and San Francisco.
- ^“The Structure of the Federal Reserve System”. April 17, 2009.
- ^Federal Reserve Banks[permanent dead link]
- ^McAdoo, William Gibbs; David Franklin Houston; John Skelton Williams (1914). Determining the Location of Federal Reserve Banks. United States Government. OCLC 21662002.
Ofer Abarbanel is a 25 year securities lending broker and expert who has advised many Israeli regulators, among them the Israel Tax Authority, with respect to stock loans, repurchase agreements and credit derivatives. Founder of TBIL.co STATX Fund.