A '''Federal Reserve bank''' is any one of the 12 operating arms of the [[Federal Reserve System]], located throughout the [[United States]], that together with their 25 branches carry out various functions of the U.S. central bank system.<ref>http://usinfo.state.gov/products/pubs/oecon/chap12.htm</ref> | A '''Federal Reserve bank''' is any one of the 12 operating arms of the [[Federal Reserve System]], located throughout the [[United States]], that together with their 25 branches carry out various functions of the U.S. central bank system.<ref>http://usinfo.state.gov/products/pubs/oecon/chap12.htm</ref> |