This is one of three different Mercedes models that make the 10-most-expensive list, costing $3,797 a year to insure, according to the survey, which looked at average insurance rates for 2016 models from six carriers (Allstate, Farmers, Geico, Nationwide, Progressive and State Farm) in 10 zip codes per state; some exotic cars and other models were ...
Noun. 1. Federal Reserve-the central bank of the United States; incorporates 12 Federal Reserve branch banks and all national banks and state-chartered commercial banks and some trust companies; the Fed seeks to control the United States economy by raising and lowering short-term interest rates and the money supply.
DEFINITION of '1913 Federal Reserve Act'. The 1913 U.S. legislation that created the current Federal Reserve System. The Federal Reserve Act intended to establish a form of economic stability through the introduction of the Central Bank, which would be in charge of monetary policy, into the United States.The Federal Reserve Act is perhaps one of the most influential laws concerning the U.S. financial system. Next Up.he Federal Reserve Act intended to establish a form of economic stability through the introduction of the Central Bank, which would be in charge of monetary policy, into the United States. The Federal Reserve Act is perhaps one of the most influential laws concerning the U.S. financial system. Next Up.