Science Fair Project Encyclopedia
Federal Reserve Banks
The United States Federal Reserve System consists of twelve Federal Reserve Banks, each responsible for a particular district, and some with branches.
The Federal Reserve Bank of New York is located only a few blocks from the former location of the World Trade Center buildings. It has a gold vault 100 feet beneath the street. That depository is the largest in the world – even larger than the legendary Fort Knox gold reserves in the mid-1980s. The gold is owned by foreign nations, including Saudi Arabia and Kuwait. Its value is estimated at $25 billion.
Banks
- 1st District - Federal Reserve Bank of Boston [1]
- 2nd District - Federal Reserve Bank of New York [2], with a branch in Buffalo, New York
- 3rd District - Federal Reserve Bank of Philadelphia [3]
- 4th District - Federal Reserve Bank of Cleveland [4], with branches in Cincinnati, Ohio and Pittsburgh, Pennsylvania
- 5th District - Federal Reserve Bank of Richmond [5], with branches in Baltimore, Maryland and Charlotte, North Carolina
- 6th District - Federal Reserve Bank of Atlanta [6], with branches in Birmingham, Alabama, Jacksonville, Florida, Miami, Florida, Nashville, Tennessee, and New Orleans, Louisiana
- 7th District - Federal Reserve Bank of Chicago, with a branch in Detroit, Michigan
- 8th District - Federal Reserve Bank of St. Louis, with branches in Little Rock, Arkansas, Louisville, Kentucky, and Memphis, Tennessee
- 9th District - Federal Reserve Bank of Minneapolis, with a branch in Helena, Montana
- 10th District - Federal Reserve Bank of Kansas City, with branches in Denver, Colorado, Oklahoma City, Oklahoma, and Omaha, Nebraska
- 11th District - Federal Reserve Bank of Dallas [7], with branches in El Paso, Texas, Houston, Texas, and San Antonio, Texas
- 12th District - Federal Reserve Bank of San Francisco [8], with branches in Los Angeles, California, Portland, Oregon, Salt Lake City, Utah, and Seattle, Washington
See also
10-26-2009 08:16:03
The contents of this article is licensed from www.wikipedia.org under the GNU Free Documentation License. Click here to see the transparent copy and copyright details
The contents of this article is licensed from www.wikipedia.org under the GNU Free Documentation License. Click here to see the transparent copy and copyright details


