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1 What is meant by the term Federal Reserve System?
2 The Federal Reserve System includes 12 regional Federal Reserve Banks and 25 Federal Reserve Bank branches.
3 The United States Congress established the Federal Reserve System in 1913 when it approved the Federal Reserve Act.
4 Federal Reserve System includes 12 regional Federal Reserve Banks and 25 Federal Reserve Bank branches.
5 The Federal Reserve System , or the Fed as it is usually called, is the fiscal agent of the United States.
6 And so the Federal Reserve System was organized in 1913.
7 In the United States this perfectly valid business practice is ratified by the Federal Reserve System.
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