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banks power system(Redirected from Federal Reserve)The Federal Reserve System is headquartered in the Eccles Building on Constitution Avenue in Washington, DC.The Federal Reserve System (also the Federal Reserve; informally The Fed) is the central banking system of the United States. The Federal Reserve System is a quasi-governmental banking system composed of (1) a presidentially-appointed Board of Governors of the Federal Reserve System in Washington, D. C. ; (2) the Federal Open Market Committee; (3) twelve regional Federal Reserve Banks located in major cities throughout the nation; and (4) numerous private member banks, which own varying amounts of stock in the regional Federal Reserve Banks. Banks Power presents weekly updates on diesel pickup and diesel motorhome performance and supplemental truck braking products plus insight into diesel engine power and exhaust brake development and activities at Gale Banks Engineering. Ben Bernanke serves as the current Chairman of the Board of Governors of the Federal Reserve System. Legal status and position in governmentThe various components of the Federal Reserve System have differing legal statuses. The Board of Governors of the Federal Reserve System is an independent government agency. The Board is subject to laws like the Freedom of Information Act and the Privacy Act which cover Federal agencies and not private entities. Like most other independent agencies, its decisions do not have to be ratified by the President or anyone else in the executive or legislative branches of government. powerpack system, PowerPack System: PowerPack rips the lid off '99-and-up Power |