|Federal Reserve Banks|
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Definition of Federal Reserve Banks
Federal Reserve Banks
The twelve district banks in the federal reserve System.
The institutions that regulate and lend to savings and loan associations. The
The central bank of the U.S., established in 1913, and governed by the federal
Specified percentages of deposits, established by the federal reserve Board, that banks must
A merchant banking subsidiary set up by several banks that may or may not be of the
An overly aggressive accrual of operating expenses and the creation of
An electronic funds transfer system used by businesses to remit taxes to the government.
Any excess of actual reserves above required reserves.
reserves of commercial banks in excess of those they are legally required to hold.
Securities issued by corporations and agencies created by the U.S. government,
Agencies of the federal government set up to supply credit to various classes of
A federal institution that insures bank deposits.
A unique identification number issued
A federal institution that lends to a wide array of federal credit agencies funds it
Non-interest bearing deposits held in reserve for depository institutions at their district federal
The market where banks can borrow or lend reserves, allowing banks temporarily
Federal funds rate
This is the interest rate that banks with excess reserves at a federal reserve district bank
Federal Funds Rate
The interest rate at which banks lend deposits at the federal reserve to one another overnight.
Federal Insurance Contributions Act of 1935 (FICA)
A federal Act authorizing the government to collect Social Security and Medicare payroll taxes.
Federal Open Market Committee (FOMC)
Fed committee that makes decisions about open-market operations.
Federal Reserve Board
Board of Governors of the federal reserve System.
Federal Reserve System
The central banking authority responsible for monetary policy in the United States.
Federal Reserve (the Fed)
The central bank in the United States, responsible for setting interest rates.
Federal Unemployment Tax Act (FUTA)
A federal Act requiring employers to pay a tax on the wages paid to their employees, which is then used to create a
Federally related institutions
Arms of the federal government that are exempt from SEC registration and
Foreign Exchange Reserves
A fund containing the central bank's holdings of foreign currency or claims thereon.
Fractional Reserve Banking
A banking system in which banks hold only a fraction of their outstanding deposits in cash or on deposit with the central bank.
Freddie Mac (Federal Home Loan Mortgage Corporation)
A Congressionally chartered corporation that
Excess reserves minus member bank borrowings at the Fed.
See foreign exchange reserves.
Legal Reserve Requirement
See reserve requirement.
Money center banks
banks that raise most of their funds from the domestic and international money markets, relying less on depositors for funds.
Holdings of gold and foreign currencies by official monetary institutions.
The dollar amounts based on reserve ratios that banks are required to keep on deposit at a federal reserve Bank.
reserves that the central bank requires commercial banks to hold.
An accounting entry that properly reflects the contingent liabilities.
A foreign currency held by a central bank or monetary authority for the purposes of
A currency, frequently the U.S. dollar, that is used by other countries to denominate the assets they hold as international reserves.
See reserve requirement.
This calculation is used by states to determine the unemployment contribution rate to charge employers. The ongoing balance of a firm’s unclaimed
Fraction of total deposits that a commercial bank is required by the central bank to hold in the form of reserves.
The percentage of different types of deposits that member banks are required to hold
Material that has been reserved for a specific purpose.
Commercial banks' reserves consist of their holdings of cash and their balances in deposits with the central bank. See also foreign exchange reserves, excess reserves, required reserves, reserve requirement.
Bank for International Settlements (BIS)
An international bank headquartered in Basel, Switzerland, which
The federal reserve facility at which reserves are loaned to banks at the discount rate.
Specialized banking institutions, authorized and chartered by the federal reserve Board
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