Federal Reserve

The Federal Reserve System is the central banking system of the United States of America. It was created on December 23, 1913, with the enactment of the Federal Reserve... Wikipedia

  • Headquarters:  Eccles Building, Washington, D.C, U.S.
  • Established:  December 23, 1913
  • Ownership:  Controlled by member private banks but not "owned by anyone".
  • Central bank of:  United States
  • Currency:  United States dollar, USD (ISO 4217)
  • Reserve requirements:  None
  • Bank rate:  0.25%
  • Interest rate target:  0% to 0.25%
  • Interest on reserves:  0.10%
  • Interest paid on excess reserves?:  Yes
  • Data source:  DuckDuckGo
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