Is the Federal Reserve made up of 12 district banks and 25 branch banks?

Question

asked Apr 13, 2023 215k views

1 Answer

Jakub Hampl · Answer 1 · 2023-04-19T18:52:13+0000

Answer:

Close, but no.

Step-by-step explanation:

The Federal Reserve is made up of 12 district banks, but has only 24 branch banks; There are two branch banks per district bank.