Google
Thursday 
March 28, 2024 

AmosWEB means Economics with a Touch of Whimsy!

AmosWEBWEB*pediaGLOSS*aramaECON*worldCLASS*portalQUIZ*tasticPED GuideXtra CrediteTutorA*PLS
SCARCE RESOURCE: A resource with an available quantity less than its desired use. Scarce resources are also called factors of production. Scarce goods are also termed economic goods. Scarce resources are used to produce scarce goods. Like the more general society-wide condition of scarcity, a given resource is scarce because it has a limited availability in combination with a greater (potentially unlimited) productive use. It's both of these that make it scarce. In other words, even though an item is quite limited it will not be a scarce resource if it has few if any uses (think pocket lint and free good).

Visit the GLOSS*arama


FEDERAL RESERVE DISTRICTS:

The 12 geographic areas of the United States that form the administrative division of the Federal Reserve System. Each of the 12 Districts is headed by a Federal Reserve District Bank and is generally designated by the Reserve Bank City--Boston, New York, Philadelphia, Cleveland, Richmond, Atlanta, Chicago, St. Louis, Minneapolis, Kansas City, Dallas, and San Francisco. Federal Reserve Branch Banks are located in 10 of the 12 Districts.
Federal Reserve Districts are the 12 administrative divisions established when the Federal Reserve System was created in 1913. Monetary activity within each district is supervised by a Federal Reserve District Bank, with support provided by 25 Federal Reserve District Banks.

Federal Reserve Districts
Federal Reserve Districts
A total of 37 Federal Reserve Banks are pinpointed. Each of the 12 color-coded Districts has its very own Federal Reserve District Bank. The 12 District Bank cities identified on the map are: Boston, New York, Philadelphia, Cleveland, Richmond, Atlanta, Chicago, St. Louis, Minneapolis, Kansas City, Dallas, and San Francisco. Several other cities marked on the map, 25 in total, are the homes of Federal Reserve Branch Banks.

Each district is also commonly designated by number, letter, and/or location of the District Bank. From 1 to 12, A to L, the 12 banks are 1-A, Boston; 2-B New York; 3-C, Philadelphia; 4-D, Cleveland; 5-E, Richmond; 6-F, Atlanta; 7-G, Chicago; 8-H, St. Louis; 9-I, Minneapolis; 10-J, Kansas City; 11-K, Dallas; 12-L, San Francisco.

Ten of the Federal Reserve Districts contain Branch Banks. Only the Boston and Philadelphia Districts have no Branch Banks. Branch Banks tend to be more numerous in the less densely populated, larger Federal Reserve Districts in the west and South.

Cities containing the 25 Branch Banks, grouped according to their District Bank cities are: Boston (no Branch Banks); New York (Buffalo); Philadelphia (no Branch Banks); Cleveland (Cincinnati, Pittsburgh); Richmond (Baltimore, Charlotte); Atlanta (Birmingham, Jacksonville, Miami, Nashville, New Orleans); Chicago (Detroit); St. Louis (Little Rock, Louisville, Memphis); Minneapolis (Helena); Kansas City (Denver, Oklahoma City, Omaha); Dallas (El Paso, Houston, San Antonio); and San Francisco (Los Angeles, Portland, Salt Lake City).

When the Federal Reserve System was established in 1913, the United States was divided into 12 Districts, each headed by a Federal Reserve District Bank. The configuration of the United States into these 12 Districts resulted for a couple of reasons:

  • One, the guiding philosophy behind the formation of the Federal Reserve System in the early 1900s was a decentralized central bank. The creators did NOT want a central bank located exclusively in New York City or Washington, D.C. Hence the system was set up with not just one bank, but 12 somewhat autonomous banks (plus 25 branch banks).

  • Two, when the Federal Reserve System was established in 1913 communication and transportation systems were slower and less efficient than today. To extend assistance to and control over ALL banks in the economy, the Federal Reserve System needed facilities dispersed throughout the country. A single, centralized regulatory bank simply was not a pragmatic option.
The configuration of the Federal Reserve Districts is presented in this nice little map of the U.S. of A. The Districts generally contain complete states, but a few states find themselves divided between Districts.

<= FEDERAL RESERVE DISTRICT BANKSFEDERAL RESERVE NOTES =>


Recommended Citation:

FEDERAL RESERVE DISTRICTS, AmosWEB Encyclonomic WEB*pedia, http://www.AmosWEB.com, AmosWEB LLC, 2000-2024. [Accessed: March 28, 2024].


Check Out These Related Terms...

     | monetary economics | monetary policy | central banking | Federal Reserve pyramid | Board of Governors, Federal Reserve System | Chairman of the Board of Governors, Federal Reserve System | Federal Reserve District Banks | Federal Reserve Branch Banks | Federal Open Market Committee | Federal Advisory Council | open market operations | discount rate | reserve requirements |


Or For A Little Background...

     | fractional-reserve banking | banks | money | bank reserves | bank panic | business cycles | check clearing | money creation | macroeconomics | traditional banks |


And For Further Study...

     | Federal Deposit Insurance Corporation | Comptroller of the Currency | monetary aggregates | barter | aggregate market | unemployment | inflation | bank balance sheet | gross domestic product | circular flow | goldsmith money creation |


Related Websites (Will Open in New Window)...

     | Federal Reserve System |


Search Again?

Back to the WEB*pedia


APLS

YELLOW CHIPPEROON
[What's This?]

Today, you are likely to spend a great deal of time browsing through a long list of dot com websites seeking to buy either high-gloss photo paper that works with your printer or a desktop calendar with all federal and state holidays highlighted. Be on the lookout for deranged pelicans.
Your Complete Scope

This isn't me! What am I?

Mark Twain said "I wonder how much it would take to buy soap buble if there was only one in the world."
"Good judgment comes from experience, and often experience comes from bad judgment."

-- Rita Mae Brown ‚ Writer

AFBD
Association of Futures Brokers and Dealers (UK)
A PEDestrian's Guide
Xtra Credit
Tell us what you think about AmosWEB. Like what you see? Have suggestions for improvements? Let us know. Click the User Feedback link.

User Feedback



| AmosWEB | WEB*pedia | GLOSS*arama | ECON*world | CLASS*portal | QUIZ*tastic | PED Guide | Xtra Credit | eTutor | A*PLS |
| About Us | Terms of Use | Privacy Statement |

Thanks for visiting AmosWEB
Copyright ©2000-2024 AmosWEB*LLC
Send comments or questions to: WebMaster