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FEDERAL RESERVE (1)
FEDERAL RESERVE (1)
ScnMaster
the
Federal Reserve
System, a centralized banking system in the US under a
Board
of Governors (formerly called the
Federal Reserve
Board
) with supervisory powers over twelve
Federal Reserve
Banks, each a
central
bank
for its district. Established in 1913, it is intended to regulate banking and the
economy
by
controlling
the
supply
of
money
and
credit
.
—
Freedom Congress
Glossary (approved 5-9-90)