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.
The Federal Reserve System (also known as the Federal Reserve, and informally as the Fed) is the central banking system of the United States. It was created on December 23, 1913, with the enactment of the Federal Reserve Act, largely in response to a series of financial panics, particularly a severe panic in 1907.he U.S. Government receives all the system's annual profits, after a statutory dividend of 6% on member banks' capital investment is paid, and an account surplus is maintained. In 2010, the Federal Reserve made a profit of $82 billion and transferred $79 billion to the U.S. Treasury.