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how many federal reserves are there in the united states?

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  • Anonymous
    1 decade ago
    Favorite Answer

    The Federal Reserve Banks

    The Federal Reserve Districts are listed below along with their identifying letter and number. These are used on Federal Reserve Notes to identify the issuing bank for each note.

    Boston A 1 [3]

    New York B 2 [4]

    Philadelphia C 3 [5]

    Cleveland D 4 [6]

    Richmond E 5 [7]

    Atlanta F 6 [8]

    Chicago G 7 [9]

    St Louis H 8 [10]

    Minneapolis I 9 [11]

    Kansas City J 10 [12]

    Dallas K 11 [13]

    San Francisco L (12)

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  • 1 decade ago

    Just one. The branch banks serve no purpose.

    The purpose of the Federal Reserve is to provide an elastic currency. Does that sound good to you? People have used gold and silver for thousands of years, as money. Today, all the nations of the world have central banks. And all of their currencies are "elastic".

    Today's dollar is worth less than four cents of the 1913 dollar (the year the FR was created). You see, an elastic currency is really an inflatable currency. Why would anyone want inflation? I shall explain:

    Politicians raise money by taxes, but the voters don't like tax increases. So the politicians created a central bank.

    The Federal Reserve buys interest bearing bonds from the US Treasury. It pays for these bonds with Federal Reserve notes, which it creates out of NOTHING! The federal government uses these newly created federal reserve notes to pay its obligations. This increases the amount of currency in circulation (inflation), which decreases the value of each note. The stockholders (international bankers) of the Federal Reserve profit, the politicians, as the first users of this newly created "money" benefit. Everyone else loses, as the value of the dollar is diminished.

    Now you know what inflation is, and where it comes from.

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  • 1 decade ago

    There are twelve Federal Reserve Districts in the United States. Number 1 is in Boston and covers the New England states, while number 12 is in San Francisco and covers the Western states, including Alaska and Hawaii.

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  • WC
    Lv 7
    1 decade ago

    There are 12 Federeal Reserve Banks in the U.S.

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  • Anonymous
    1 decade ago

    Pull out a stack of dollar bills and you will see a number to the left of the small circular seal located in the first quadrant of the bill. Inside the circular seal you will see a variety of letters( which is the first letter of each bill's serial number) . The number to the left of the seal and the letter inside the seal provide info as to the issuing Federal Reserve Bank. If you read each bill carefully and then do a Google search for each federal reserve bank number you will even discover their location. Have fun!

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  • 1 decade ago

    Duh, how many federal governments are there? Questions like this are so stupid that I'm shocked that people like you know how to type, turn on the computer, or breath air without someone giving you step-by-step instructions.... breath in, now breath out, breath in, breath out, repeat as often as necessary

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  • Anonymous
    1 decade ago

    one

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  • OC
    Lv 7
    1 decade ago

    I think only one so far.

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  • Anonymous
    1 decade ago

    one but it is full of crap see this -

    http://answers.yahoo.com/question/index;_ylt=ApR6R...

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