BANKING AFFAIRS

Detailed explanation-1: -Twelve Federal Reserve Districts operate independently but with supervision. Federal Reserve District boundaries are based on economic considerations; the Districts operate independently but under the supervision of the Federal Reserve Board of Governors .

Detailed explanation-2: -The 12 Federal Reserve Banks and their 24 Branches are the operating arms of the Federal Reserve System. Each Reserve Bank operates within its own particular geographic area, or District, of the United States.

Detailed explanation-3: -Policies set at the FOMC are carried out by the 12 Federal Reserve Banks. Each Reserve Bank has a board of governors to oversee its management and activities. These directors offer their private-sector perspectives, local business experience, community involvement and leadership to the Bank they serve.

Detailed explanation-4: -Structure and Function The 12 Federal Reserve Banks and their 24 Branches are the operating arms of the Federal Reserve System. Each Reserve Bank operates within its own particular geographic area, or district, of the United States.

Detailed explanation-5: -The quick answer to your first question is that the Districts were designed to provide central banking services on a regional basis through Reserve Banks headquartered in key financial centers. Even when they were set up in 1913, the Districts varied widely in the population and geographic areas they served.