Federal Reserve Bank of Atlanta Company Description
One of 12 regional banks in the Federal Reserve System, the Federal Reserve Bank of Atlanta oversees Fed member banks and thrifts and their holding companies throughout the Southeast, including Alabama, Florida, Georgia, and parts of Louisiana, Mississippi, and Tennessee. It conducts examinations and investigations of member institutions, distributes money, issues savings bonds and Treasury securities, and assists the Fed in setting monetary policy. The bank also processes checks and acts as a clearinghouse for payments between banks. Federal Reserve Banks are not-for-profit and return earnings (gleaned mostly from investments in government bonds) to the US Treasury.
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The Company Description provides a historical perspective of Federal Reserve Bank of Atlanta's organization from inception to current status.
Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of Federal Reserve Bank of Atlanta's evolution in the marketplace.
