Reserve banks are part of the federal reserve system that serves the daily needs of banks across the country.
The Reserve Bank serves banks, the U.S. Treasury, and indirectly the public. Reserve banks, often called "bankers' banks," store money and coins and process checks and electronic payments. The Reserve Bank also oversees commercial banks in the region. The 12 district headquarters are Boston, New York, Philadelphia, Cleveland, Richmond, Atlanta, Chicago, St. Louis, Minneapolis, Kansas City, Dallas and San Francisco
The Federal Reserve Bank is a regional bank of the Federal Reserve System. US central banking system. There are 12 in all, one for each of the 12 Federal Reserve Districts created by the Federal Reserve Act of 1913.
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