| he Federal Reserve Bank of Atlanta is part of the central bank of the United States. The Federal Reserve System—the Fed, as it is often called—consists of twelve Reserve Banks located around the country and the Board of Governors in Washington, D.C.
The Atlanta Fed and the other eleven Reserve Banks play an important part in all three of the Fed’s functions—monetary policy, bank supervision and regulation, and the operation of a nationwide payments system. Atlanta Fed staff examine banking institutions in Alabama, Florida, Georgia, and parts of Louisiana, Mississippi, and Tennessee—the states that make up the Sixth Federal Reserve District. Through its six facilities in these states—in Atlanta, Birmingham, Jacksonville, Miami, Nashville, and New Orleans--the Bank provides cash to banks, S&Ls, and other depository institutions; transfers money electronically through the FedWire® funds transfer system and ACH; and clears millions of checks every day. |
