They distribute currency, act as a bankers’ bank, and serve as the bank for the U.S. Treasury. They also play a critical role in supervising many banks and bank holding companies across the country. The 12 Reserve Banks also serve as the eyes and ears of our central bank in assessing the economic pulse of Main Street as it formulates and implements monetary policy.
Each Reserve Bank has a nine-member board of directors selected to represent a crosssection of banking, commercial, and community interests. These directors fulfill the traditional governance role, but they also provide valuable insights into economic and financial conditions, which contribute to our assessment of the economy.