Federal Reserve System
FEDERAL RESERVE SYSTEM
Board of Governors of the Federal Reserve System
Twentieth Street and Constitution Avenue NW., Washington, DC 20551
Phone, 202-452-3000
Board of Governors
Chairman Alan Greenspan
Vice Chair Alice M. Rivlin
Members Roger W. Ferguson, Jr., Edward M. Gramlich, Edward W. Kelley, Jr., Laurence H. Meyer, Susan M. Phillips
Official Staff:
Assistants to the Board Joseph R. Coyne, Donald J. Winn, Theodore E. Allison
General Counsel J. Virgil Mattingly, Jr.
Secretary William W. Wiles
Deputy Secretary Jennifer J. Johnson
Associate Secretary and Ombudsman Barbara R. Lowrey
Director, Division of Consumer and Community Griffith L. Garwood
Affairs
Director, Division of Banking Supervision and Richard Spillenkothen
Regulation
Director, Division of Monetary Affairs Donald L. Kohn
Deputy Director David E. Lindsey
Director, Division of Research and Statistics Michael J. Prell
Deputy Directors Edward C. Ettin, David J. Stockton
Staff Director, Division of International Edwin M. Truman
Finance
Senior Associate Directors Larry J. Promisel, Charles J. Siegman
Staff Director, Office of Staff Director for S. David Frost
Management
Director, Division of Information Resources Stephen R. Malphrus
Management
Director, Division of Human Resources Management David L. Shannon
Associate Director John R. Weis
Comptroller George E. Livingston
Director, Division of Support Services Robert E. Frazier
Director, Division of Federal Reserve Bank Clyde H. Farnsworth, Operations and Payment Systems Jr.
Deputy Director, Finance and Control David L. Robinson
Inspector General Brent L. Bowen
Officers of the Federal Reserve Banks
Chairmen and Federal Reserve Agents: Atlanta David R. Jones
Boston William C. Brainard
Chicago Lester H. McKeever, Jr.
Cleveland G. Watts Humphrey, Jr.
Dallas Roger R. Hemminghaus
Kansas City Jo Marie Dancik
Minneapolis David A. Koch
New York John C. Whitehead
Philadelphia Joan Carter
Richmond Claudine B. Malone
St. Louis John F. McDonnell
San Francisco Gary G. Michael
Presidents: Atlanta Jack Guynn
Boston Cathy E. Minehan
Chicago Michael H. Moskow
Cleveland Jerry L. Jordan
Dallas Robert D. McTeer, Jr.
Kansas City Thomas M. Hoenig
Minneapolis Gary H. Stern
New York William J. McDonough
Philadelphia Edward G. Boehne
Richmond J. Alfred Broaddus, Jr.
St. Louis William Poole
San Francisco Robert T. Parry
Federal Open Market Committee
Chairman Alan Greenspan
Vice Chairman William J. McDonough
Members Roger W. Ferguson, Jr., Edward M. Gramlich, Thomas M. Hoenig, Jerry L. Jordan, Edward W. Kelley, Jr., Laurence H. Meyer, Cathy E. Minehan, Susan M. Phillips, Alice M. Rivlin, (1 vacancy)
Official Staff: Secretary and Economist Donald L. Kohn
Deputy Secretary Normand R.V. Bernard
Assistant Secretaries Joseph R. Coyne, Gary P. Gillum
General Counsel J. Virgil Mattingly, Jr.
Deputy General Counsel Thomas C. Baxter, Jr.
Economists Michael J. Prell, Edwin M. Truman
Manager, System Open Market Peter R. Fisher
Account
Co-Secretaries, Federal Advisory James Annable, William Council J. Korsvik
Chairman, Consumer Advisory Council Julia W. Seward
President, Thrift Institutions David F. Holland
Advisory Council
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The Federal Reserve System, the central bank of the United States, is charged with administering and formulating the Nation's credit and monetary policy. Through its supervisory and regulatory banking functions, the Federal Reserve maintains the safety and soundness of the Nation's economy, responding to the Nation's domestic and international financial needs and objectives.
The Federal Reserve System was established by the Federal Reserve Act
(12 U.S.C. 221), approved December 23, 1913. The System serves as the Nation's central bank. As such, its major responsibility is in the execution of monetary policy. It also performs other functions, such as the transfer of funds, handling Government deposits and debt issues, supervising and regulating banks, and acting as lender of last resort.
It is the responsibility of the Federal Reserve System to contribute to the strength and vitality of the U.S. economy. By influencing the lending and investing activities of depository institutions and the cost and availability of money and credit, the Federal Reserve System helps promote the full use of human and capital resources, the growth of productivity, relatively stable prices, and equilibrium in the Nation's international balance of payments. Through its supervisory and regulatory banking functions, the Federal Reserve System helps maintain a commercial banking system that is responsive to the Nation's financial needs and objectives.
The System consists of seven parts: the Board of Governors in Washington, DC; the 12 Federal Reserve Banks and their 25 branches and other facilities situated throughout the country; the Federal Open Market Committee; the Federal Advisory Council; the Consumer Advisory Council; the Thrift...
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