Final answer:
There are twelve regional Federal Reserve banks, each responsible for supporting the commercial banks and economy in its district, as part of the Federal Reserve System.
Step-by-step explanation:
There are twelve regional Federal Reserve banks. Each of these banks is responsible for supporting the commercial banks and economy in its district. The Federal Reserve System includes both federally and private-sector appointed leaders, with the commercial banks in each district electing a Board of Directors for each regional Federal Reserve bank, and that board choosing a president for each regional Federal Reserve district.