[Kavita]

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Hell sir, I’m confused between the Central Bank And Federal Reserve. Will you please tell me What Is the Difference between Central Bank and Federal Reserve?

[Vishal Kotkar]

A Federal Reserve Bank is a regional bank of the Federal Reserve System, the central banking system of the United States.

There are twelve in total, one for each of the twelve Federal Reserve Districts that were created by the Federal Reserve Act of 1913.

The Federal Reserve Bank is the central bank of the United States and arguably the most powerful financial institution in the world.

The Federal Reserve Bank was founded by the U.S. Congress in 1913 to provide the nation with a safe, flexible, and stable monetary and financial system.

The Federal Open Market Committee are divided as follows:

Federal Reserve Bank of Boston
Federal Reserve Bank of New York
Federal Reserve Bank of Philadelphia
Federal Reserve Bank of Cleveland
Federal Reserve Bank of Richmond
Federal Reserve Bank of Atlanta
Federal Reserve Bank of Chicago
Federal Reserve Bank of St. Louis
Federal Reserve Bank of Minneapolis
Federal Reserve Bank of Kansas City
Federal Reserve Bank of Dallas
Federal Reserve Bank of San Francisco

Federal bank Assets:

Federal Reserve Bank Total assets in billions USD
New York City $2,428
San Francisco $583
Richmond $261
Atlanta $265
Chicago $233
Dallas $187
Cleveland $129
Philadelphia $114
Boston $85
Kansas City $72
St. Louis $60
Minneapolis $38
All banks $4,453