In how many cities are Federal Reserve district banks located?
There are 12 cities across the United States where Federal Reserve district banks are located. As mentioned, they are located in Boston, New York, Philidelphia, Cleveland, Richmond, Atlanta, Chicago, St. Louis, Minneapolis, Kansas City, Dallas, and San Francisco.
The Federal Reserve Bank was created by Congress to allow us to have a better, safer, more flexible and stable fianancial system. By having specific banks control the money rates and services within the country, there is more streamline and stable monetary systems for residents.
