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unique among central banks, and is also unusual in that the United States Department of the Treasury, an entity outside of the central bank, prints the

Federal Reserve Notes (paper money) for the Federal Reserve, the nation's central bank. In addition to paper currency, the BEP produces Treasury securities;

which private banks would control twelve regional Federal Reserve Banks, but a controlling interest in the system was placed in a central board filled with

chosen monetary aggregate, and inflation targeting, now practiced by many central banks. Under inflationary pressure in 1979, the Fed temporarily abandoned interest

of the NCUA Board. The Central Liquidity Facility was created by the U.S. Congress in 1998 with the National Credit Union Central Liquidity Facility Act

Lucia, et al. "Central bank macroeconomic forecasting during the global financial crisis: the European Central Bank and Federal Reserve Bank of New York experiences

Ministries and Central Banks in partner countries International Monetary Fund (IMF) U.S. Agency for International Development (USAID) World Bank The specific

Federal Reserve Bank of Kansas City at Jackson Hole in the United States attended by central bank leaders from around the world. Central bankers discuss

(FDIC) provides deposit insurance to depositors in U.S. commercial banks and savings banks. The FDIC was created by the 1933 Banking Act, enacted during the

program. All Federal Reserve member banks are required to participate in the FDIC. Smaller state banks, national banks who were not members of the Federal

System, is the main governing body of the Federal Reserve System, the central bank of the United States. It is responsible for conducting the nation's monetary

national banks.[](https://www.occ.gov/about/who-we-are/locations/large-bank-supervision/index-large-bank-supervision.html) This division supervises banks based

up the United States' central bank. Missouri is the only state to have two main Federal Reserve Banks (Kansas City also has a bank). Located in downtown

several Federal Reserve Banks would provide liquidity to banks in different regions of the country. The Federal Reserve Banks opened for business in November

Class A directors are elected by member banks to represent member banks. Class B directors are elected by member banks to represent the public. Class C directors

commercial banks that are members of the Federal Reserve System. These directors are bankers who are nominated and elected by member banks within the Tenth

Directors as of 2022[update]: (Elected by member banks to represent member banks) (Elected by member banks to represent the public) (Appointed by the Federal

cooperatives (including the Central Bank for Cooperatives) created with the Farm Credit Act of 1933. The remaining two banks joined in 1995 when it changed

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the discount rate, which is the rate at which the bank lends to commercial banks. The bank's staff is led by Dr. Raphael Bostic, who was appointed in 2017