12 regional banks of the federal reserve and theirstockholders.The Federal Reserve's 12 independent regional banks and their shareholdersthe u.s. federal reserve controls the supply of money in the u.s. the u.s. department of the treasury prints money at the instruction of the board of governors of the federal reserve system and the 12 federal reserve banks. the federal reserve bank of new york acts as the custodian of gold owned by account holders such as the u.s. government, foreign governments, other central banks and official international organizations.the fed consists of both a federal agency — the board of governors based in washington, dc — and 12 privately chartered regional banks nationwide.The Federal Reserve controls the U.S. currency**, and the U.S. Treasury prints money on the instructions of the Federal Reserve System Board of Governors and 12 Federal Reserve Banks. The Federal Reserve Bank of New York is the custodian of accounts held by U.S.**, foreign**, other central banks, and official international organizations. The Federal Reserve is made up of a federal agency — a board of governors based in Washington, D.C.— and 12 privately chartered regional banks across the country.
the reserve banks are organized similarly to private corporations, for instance, each of the 12 reserve banks operates within its own particular geographic area, and has its own board of directors. commercial banks that are members of the federal reserve system hold stock in their district's reserve bank. in the united states, commercial banks are primarily private institutions, and the majority of them are owned by private shareholders. the following are 12 regional banks of the federal reserve and their stockholders.The organizational structure of a reserve bank is similar to that of a private company, for example, each of the 12 regional reserve banks operates in its own specific geographical area and has its own board of directors. Commercial banks that are members of the Federal Reserve System hold their Regional Reserve Banks**. In the United States, commercial banks are primarily private institutions and are mostly owned by private shareholders. Here are the Fed's 12 regional banks and their shareholders.
1.Federal Reserve Bank of Boston (1st District): -Located in Boston, Ma, and serving the first district, including maine, massachusetts, new hampshire, rhode island, and vermont, the boston fed plays a crucial role in monetary policy implementation, financial services, and economic research for its region. examples of stockholder member banks could include bank of america, citizens bank, and eastern bank.- Located inBoston, Massachusetts, serving Region 1, including Maine, Massachusetts, New Hampshire, Rhode Island, and Vermont, the Federal Reserve Bank of Boston plays a vital role in monetary policy implementation, financial services, and economic research in its region. Examples of shareholder member banks might include Bank of America, Citizens Bank, and Eastern Bank.
2.Federal Reserve Bank of New York (2nd District) Federal Reserve Bank of New York (2nd District): -Situated in New York, NY, and serving the second district, including new york state, northern new jersey, and fairfield county in connecticut, the new york fed conducts open market operations, oversees financial institutions, and plays a key role in international affairs. examples of stockholder member banks could include jpmorgan chase, wells fargo, and citibank.- Located inNew York, NY, serving District 2, which includes New York, Northern New Jersey, and Fairfield County, Connecticut, the Federal Reserve Bank of New York conducts open market operations, supervises financial institutions, and plays a key role in international affairs. Examples of shareholder member banks might include JPMorgan Chase, Wells Fargo, and Citibank.
3.Federal Reserve Bank of Philadelphia (3rd District): -Located in Philippadelphia, PA, and covering eastern pennsylvania, southern new jersey, and delaware, the philadelphia fed contributes to the federal reserve's goals through economic research, bank supervision, and outreach programs. examples of stockholder member banks could include pnc bank, td bank, and santander bank.- Located inPhiladelphia, Pennsylvania, covering Eastern Pennsylvania, Southwestern New Jersey, and Delaware, the Federal Reserve Bank of Philadelphia contributes to the Fed's goals through economic research, banking supervision, and outreach programs. Examples of shareholder member banks might include PNC Bank, TD Bank, and Santander.
4.Federal Reserve Bank of Cleveland (4th District): -located in Cleveland, OH, and serving ohio, western pennsylvania, eastern kentucky, and the northern panhandle of west virginia, the cleveland fed engages in monetary policy, bank supervision, and community development initiatives. examples of stockholder member banks could include keybank, huntington bank, and fifth third bank.- Located inCleveland, OhioServing Ohio, western Pennsylvania, eastern Kentucky, and northern West Virginia, the Federal Reserve Bank of Cleveland participates in monetary policy, banking regulation, and community development initiatives. Examples of shareholder member banks might include Bank of Cash, Huntington Bank, and Fifth Third Bank
5.Federal Reserve Bank of Richmond (5th District): -Located in Richmond, VA, and encompassing maryland, virginia, north carolina, south carolina, and most of west virginia, the richmond fed is involved in economic research, bank regulation, and community development efforts. examples of stockholder member banks could include suntrust (now part of truist), bb&t (now part of truist), and capital one.- Located inRichmond, Virginia, covering much of Maryland, Virginia, North Carolina, South Carolina, and West Virginia, the Federal Reserve Bank of Richmond is involved in economic research, banking regulation, and community development efforts. Examples of shareholder member banks may include SunTrust Bank (now part of Truist), BB&T Bank (now part of Truist), and Capital One Bank
6.Federal Reserve Bank of Atlanta (6th District): -located in Atlanta, Ga, and covering alabama, florida, georgia, and parts of louisiana, mississippi, and tennessee, the atlanta fed focuses on monetary policy, bank supervision, and community and economic development. examples of stockholder member banks could include suntrust (now part of truist), regions bank, and synovus.- Located inAtlanta, Georgia, covering Alabama, Florida, Georgia, and parts of Louisiana, Mississippi, and Tennessee, the Atlanta Fed focuses on monetary policy, banking regulation, and community economic development. Examples of shareholder member banks might include SunTrust Bank (now part of Truist), Regions Bank, and Synovus Bank
7.Federal Reserve Bank of Chicago (7th District): -located in Chicago, IL, and serving illinois, indiana, iowa, michigan, and wisconsin, the chicago fed contributes to the federal reserve's objectives through economic research, policy formulation, and supervisory activities. examples of stockholder member banks could include jpmorgan chase, u.s. bank, and northern trust.- Located inChicago, Illinois, serving Illinois, Indiana, Iowa, Michigan, and Wisconsin, the Federal Reserve Bank of Chicago contributes to the Federal Reserve's goals through economic research, policy development, and regulatory activities. Examples of shareholder member banks might include JPMorgan Chase, Bank of America, and Northern Trust Bank.
8. federal reserve bank of st.Louis (8th District) St. Louis Branch (8th District): -located in St louis, mo., and covering parts of arkansas, illinois, indiana, kentucky, mississippi, missouri, and tennessee, the st. louis fed is involved in monetary policy, economic education, and regional economic analysis. examples of stockholder member banks could include regions bank, commerce bank, and u.s. bank.- Located inSt. Louis, Missouri, covering parts of Arkansas, Illinois, Indiana, Kentucky, Mississippi, Missouri, and Tennessee, the Federal Reserve Bank of St. Louis participates in monetary policy, economic education, and regional economic analysis. Examples of shareholder member banks may include:Regions Bank, Commerce Bank, and Bank of America
9.Federal Reserve Bank of Minneapolis (9th District): -located in Minneapolis, MN, and encompassing montana, north dakota, south dakota, minnesota, northwestern wisconsin, and the upper peninsula of michigan, the minneapolis fed engages in monetary policy, bank supervision, and payments system oversight. examples of stockholder member banks could include wells fargo, u.s. bank, and tcf bank.- Located inMinneapolis, Minnesota, covering Montana, North Dakota, South Dakota, Minnesota, northwestern Wisconsin, and the Upper Peninsula of Michigan, the Federal Reserve Bank of Minneapolis engages in monetary policy, banking supervision, and payment system supervision. Examples of shareholder member banks might include Wells Fargo, Bank of America, and TCF Bank
10.Federal Reserve Bank of Kansas City (10th District): Located in Kansas City, MO, and covering colorado, kansas, nebraska, oklahoma, wyoming, and portions of western missouri and northern new mexico, the kansas city fed focuses on monetary policy, economic research, and community development. examples of stockholder member banks could include commerce bank, umb bank, and arvest bank.- Located inKansas City, Missouri, covering Colorado, Kansas, Nebraska, Oklahoma, Wyoming, and parts of western Missouri and northern New Mexico, the Federal Reserve Bank of Kansas City focuses on monetary policy, economic research, and community development. Examples of shareholder member banks might include Commerce Bank, UMB Bank, and Arvest Bank
11.Federal Reserve Bank of Dallas (11th District): -located in Dallas, TX, and serving texas, northern louisiana, and southern new mexico, the dallas fed contributes to the federal reserve's goals through economic research, bank supervision, and outreach initiatives. examples of stockholder member banks could include comerica bank, frost bank, and plainscapital bank.- Located inDallas, Texas, serving Texas, northern Louisiana, and southern New Mexico, the Federal Reserve Bank of Dallas contributes to the Fed's goals through economic research, banking regulation, and outreach activities. Examples of shareholder member banks might include Combi Bank, Frost Bank, and Plains Capital Bank
12.Federal Reserve Bank of San Francisco (12th District): -located in San Francisco, Ca, and covering nine western states, including alaska, arizona, california, hawaii, idaho, nevada, oregon, utah, and washington, the san francisco fed engages in monetary policy, bank supervision, and economic research for its diverse region. examples of stockholder member banks could include bank of the west, union bank, and zions bank.- Located inSan Francisco, California, covering nine western states, including Alaska, Arizona, California, Hawaii, Idaho, Nevada, Oregon, Utah, and Washington, D.C., the Federal Reserve Bank of San Francisco engages in monetary policy, banking regulation, and economic research in its diverse regions. Examples of shareholder member banks include Bank of the West, Union Bank, and Zion Bank