Federal Reserve

Central banking system of the US Federal Reserve SystemSeal of the Federal Reserve SystemFlag of the Federal Reserve SystemThe Eccles Building in Washington, D.C., which serves as the Federal Reserve System's headquartersCentral bank ofUnited StatesHeadquartersEccles Building, Washington, D.C., U.S.EstablishedDecember 23, 1913 (112 years ago) (1913-12-23)Governing bodyBoard of GovernorsKey people Kevin Warsh(Chair) Philip Jefferson(Vice Chair) Michelle Bowman(Vice Chair for Supervision) CurrencyUnited States dollarUSD (ISO 4217)Reserve requirementsNoneBank rate3.75%Interest rate target3.50–3.75%Interest on reserves3.65%Interest paid on excess reserves?YesWebsitewww.federalreserve.gov Federal ReserveAgency overviewJurisdictionFederal government of the United StatesChild agencyFederal Open Market CommitteeKey documentFederal Reserve Act This article is part of a series onBanking in theUnited States Regulation Monetary policy Banking charters Credit union Federal savings bank Federal savings association National bank State bank Lending Credit card Deposit accounts Checking Money-market Savings Certificate of deposit Account insurance Federal Deposit InsuranceCorporation (FDIC) Natio