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The U.S. experience with a federal central bank system


  • Anthony M. Santomero


How does a decentralized central bank work? The events of September 11 put the Federal Reserve System, the central bank of the United States, to the test and highlighted the benefits of its geographic diversification. In "The U.S. Experience with a Federal Central Bank System," President Anthony Santomero presents an overview of the Federal Reserve's design and explains how its structure helps the Fed carry out its various roles.

Suggested Citation

  • Anthony M. Santomero, 2002. "The U.S. experience with a federal central bank system," Business Review, Federal Reserve Bank of Philadelphia, issue Q3, pages 1-5.
  • Handle: RePEc:fip:fedpbr:y:2002:i:q3:p:1-5

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