Banks
The Federal Reserve officially identifies Districts by number and Reserve Bank city.
- 1st District (A) - Federal Reserve Bank of Boston
- 2nd District (B) - Federal Reserve Bank of New York
- 3rd District (C) - Federal Reserve Bank of Philadelphia
- 4th District (D) - Federal Reserve Bank of Cleveland, with branches in Cincinnati, Ohio and Pittsburgh, Pennsylvania
- 5th District (E) - Federal Reserve Bank of Richmond, with branches in Baltimore, Maryland and Charlotte, North Carolina
- 6th District (F) - Federal Reserve Bank of Atlanta, with branches in Birmingham, Alabama; Jacksonville, Florida; Miami, Florida; Nashville, Tennessee; and New Orleans, Louisiana
- 7th District (G) - Federal Reserve Bank of Chicago, with a branch in Detroit, Michigan
- 8th District (H) - Federal Reserve Bank of St. Louis, with branches in Little Rock, Arkansas; Louisville, Kentucky; and Memphis, Tennessee
- 9th District (I) - Federal Reserve Bank of Minneapolis, with a branch in Helena, Montana
- 10th District (J) - Federal Reserve Bank of Kansas City, with branches in Denver, Colorado; Oklahoma City, Oklahoma; and Omaha, Nebraska
- 11th District (K) - Federal Reserve Bank of Dallas, with branches in El Paso, Texas; Houston, Texas; and San Antonio, Texas
- 12th District (L) - Federal Reserve Bank of San Francisco, with branches in Los Angeles, California; Portland, Oregon; Salt Lake City, Utah; and Seattle, Washington
The New York Federal Reserve district is the largest by asset value. San Francisco, followed by Kansas City and Minneapolis, represent the largest geographical districts. Missouri is the only state to have two Federal Reserve Banks (Kansas City and St. Louis). California, Missouri, Ohio, Pennsylvania, and Tennessee are the only states which have two Federal Reserve Bank branches seated within their states, with Missouri, Pennsylvania, and Tennessee having branches of two different districts within the same state. In the 12th District, the Seattle Branch serves Alaska, and the San Francisco Bank serves Hawaii. New York, Richmond, and San Francisco are the only banks that oversee non-U.S. state territories. The System serves these territories as follows: the New York Bank serves the Commonwealth of Puerto Rico and the U.S. Virgin Islands; the Richmond Bank serves the District of Columbia; the San Francisco Bank serves American Samoa, Guam, and the Commonwealth of the Northern Mariana Islands. The Board of Governors last revised the branch boundaries of the System in February 1996.
Read more about this topic: Federal Reserve Bank
Famous quotes containing the word banks:
“Its whether will ye be a rank robber’s wife,
Or will ye die by my wee pen knife?
Its I’ll not be a rank robber’s wife,
But I’ll rather die by your wee pen knife.
He ‘s killed this may and he ‘s laid her by,
For to bear the red rose company.”
—Unknown. Babylon; or, The Bonnie Banks o’ Fordie (l. 9–14)
“Civilization is a stream with banks. The stream is sometimes filled with blood from people killing, stealing, shouting and doing the things historians usually record, while on the banks, unnoticed, people build homes, make love, raise children, sing songs, write poetry and even whittle statues. The story of civilization is the story of what happened on the banks. Historians are pessimists because they ignore the banks for the river.”
—Will Durant (1885–1981)
“The wide wonder of Broadway is disconsolate in the daytime; but gaudily glorious at night, with a milling crowd filling sidewalk and roadway, silent, going up, going down, between upstanding banks of brilliant lights, each building braided and embossed with glowing, many-coloured bulbs of man-rayed luminance. A glowing valley of the shadow of life. The strolling crowd went slowly by through the kinematically divine thoroughfare of New York.”
—Sean O’Casey (1884–1964)