The Federal Reserve System is the central banking system of the United States of America. It was created on December 23, 1913, with the enactment of the Federal Reserve Act, after a series of financial panics led to the desire for central control of the monetary system in order to alleviate financial crises. Over the years, events such as the Great Depression in the 1930s and the Great Recession during the 2000s have led to the expansion of the roles and responsibilities of the Federal Reserve System.
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 banks are jointly responsible for implementing the monetary policy set forth by the Federal Open Market Committee, and are divided as follows:
The Chair of the Board of Governors of the Federal Reserve System is the head of the Federal Reserve, which is the central banking system of the United States. The position is known colloquially as "Chair of the Fed" or "Fed Chair". The chair is the "active executive officer" of the Board of Governors of the Federal Reserve System. The chair reports to Congress twice a year on progress towards the Fed’s responsibilities and monetary policy objectives, which are “maximum employment, stable prices, and moderate long-term interest rates.”
American International Group, Inc., also known as AIG, is an American multinational finance and insurance corporation with operations in more than 80 countries and jurisdictions. As of December 31, 2016, AIG companies employed 56,400 people. The company operates through three core businesses: General Insurance, Life & Retirement, and a standalone technology-enabled subsidiary. General Insurance includes Commercial, Personal Insurance, U.S. and International field operations. Life & Retirement includes Group Retirement, Individual Retirement, Life, and Institutional Markets.
The Federal Reserve Bank of New York is one of the 12 Federal Reserve Banks of the United States. It is located at 33 Liberty Street, New York, New York. It is responsible for the Second District of the Federal Reserve System, which encompasses New York State, the 12 northern counties of New Jersey, Fairfield County in Connecticut, Puerto Rico, and the U.S. Virgin Islands. Working within the Federal Reserve System, the Federal Reserve Bank of New York implements monetary policy, supervises and regulates financial institutions and helps maintain the nation's payment systems.
The Federal Reserve Bank of Kansas City is located in Kansas City, Missouri and covers the 10th District of the Federal Reserve, which includes Colorado, Kansas, Nebraska, Oklahoma, Wyoming, and portions of western Missouri and northern New Mexico. It is second only to the Federal Reserve Bank of San Francisco in size of geographic area served. Missouri is the only state with two main Federal Reserve Banks, the other is located in St. Louis.
The Federal Reserve Bank of St. Louis is one of 12 regional Reserve Banks that, along with the Board of Governors in Washington, D.C., make up the United States' central bank. Missouri is the only state to have two main Federal Reserve Banks.. Located in downtown St. Louis, the St. Louis Fed is the headquarters of the Eighth Federal Reserve District, which includes the state of Arkansas and portions of Illinois, Indiana, Kentucky, Mississippi, the eastern half of Missouri and West Tennessee. It has branches in Little Rock, Louisville and Memphis. Its building, at 411 Locust Street, was designed by St. Louis firm Mauran, Russell & Crowell in 1924. The Eighth District serves as a center for local, national and global economic research, and provides the following services: supervisory and regulatory services to state-member banks and bank holding companies; cash and coin-handling for the District and beyond; economic education; and community development resources.
The Silverstein Eye Centers Arena is a 5,800-seat multi-purpose arena in Independence, Missouri, United States. It was opened in November 2009. It serves as the home arena and administrative offices for Kansas City Mavericks in the ECHL, as well as hosts the home games of the Kansas City Comets of the Major Arena Soccer League. The center will host more than 100 events every year, with a very large spectrum of its events including: trade shows, professional sporting events, festivals, community events, concerts and its primary tenant, Kansas City Mavericks.
Thomas Michael Hoenig was vice chairman of the Federal Deposit Insurance Corporation. He became a director on April 16, 2012, and served as vice chairman from November 30, 2012 to April 30, 2018. From 1991 to 2011, he served as the eighth chief executive of the Tenth District Federal Reserve Bank, in Kansas City, United States. In 2010, he was serving as a voting member of the Federal Open Market Committee, as one of five of the twelve Federal Reserve Bank presidents that sit on the Committee on a yearly rotating basis. He is known as an "anti-inflation hawk".
925 Grand is the former headquarters of the Federal Reserve Bank of Kansas City and was the oldest building in active use of any Federal Reserve Bank. It was added to the National Register of Historic Places in 2007.
The Federal Reserve Bank of Kansas City Denver Branch is second largest of three branches of the Federal Reserve Bank of Kansas City. The branch which is in Denver opened on January 14, 1918 at 17th Street before moving in 1968 to 16th Street Mall.
The Federal Reserve Bank of Kansas Oklahoma City Branch is one of the 3 branches of the Federal Reserve Bank of Kansas City. The branch which is in Oklahoma City opened on August 2, 1920 at the Continental Building before moving in 1923 to a new building at the corner Harvey and Third streets.
The Federal Reserve Bank of Kansas City Omaha Branch is one of three branches of the Federal Reserve Bank of Kansas City. The branch which is in Omaha, Nebraska opened on September 4, 1917.
Esther L. George is president and chief executive of the Federal Reserve Bank of Kansas City.
John Carroll Williams is the President and Chief Executive Officer of the Federal Reserve Bank of New York, having also served as President of Federal Reserve Bank of San Francisco from 2011-2018. He is currently serving as Vice Chairman of the Federal Open Market Committee.
Timothy J. Sloan is an American banker. He was the chief executive officer (CEO) of Wells Fargo from October 2016 and retired on March 28, 2019. He had previously served as chief operating officer (COO) and chief financial officer (CFO).
Raphael W. Bostic is an American economist and academic, who became the 15th President and CEO of the Federal Reserve Bank of Atlanta on June 5, 2017.
Michelle White "Miki" Bowman is an American attorney and a Governor on the Federal Reserve's board. She is the first person to fill the community bank seat on the board, a seat created by a 2015 law.
Mary C. Daly is an American economist, who became the 13th President and Chief Executive Officer of the Federal Reserve Bank of San Francisco on October 1, 2018. Accordingly, she serves on the Federal Reserve's rate-setting Federal Open Market Committee on a rotating basis. Previously, Dr. Daly was the Executive Vice President and Director of Research of the Federal Reserve Bank of San Francisco, which she joined as an economist in 1996.
Charles R. Hall is an American politician and banker, who is a member of the Oklahoma Senate. He had been prominently involved in the local politics of his hometown, Perry, Oklahoma, of which he was also mayor from 2007 to 2013.
