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TFM: The national system of Federal Reserve Banks processes electronic payments (e.g., Fedwire transfers and ACH) and checks, handles federal government deposits and various support functions, and supervises and regulates federally chartered financial institutions. Federal Reserve Banks serve as the federal government’s fiscal agents. The Federal Reserve System consists of 12 districts, each served by a Federal Reserve Bank, and is overseen by the Board of Governors and serves as the nation’s central bank.
Gold Book: The Board of Governors of the Federal Reserve System of 12 Districts, each served by a Federal Reserve Bank, serves as the nation's central bank. Federal Reserve Banks serve as the federal government's fiscal agents. The national system of Federal Reserve Banks processes electronic payments (e.g., Fedwire transfers and ACH) and checks, handles federal government deposits and various support functions, and supervises and regulates federally chartered financial institutions.
Green Book: A Federal Reserve Bank (FRB) is a regional bank of the Federal Reserve System, which serves as the nation's central bank. FRBs serve as fiscal agents of the federal government's fiscal agent, process electronic payments for the federal government, and handle federal government deposits and checks.