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USAFRICA FEDERAL CENTRAL BANK RESERVE SYSTEM

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THE USAFRICA FEDERAL CENTRAL BANK RESERVE SYSTEM

The USAfrica Federal Bank Reserve System Unity with United States Federal Reserve System was created on December 23, 1913, when President Woodrow Wilson signed the Federal Reserve Act into law.

The system is composed of a central, independent governmental agency the Board of Governors in Washington, D.C., and 12 regional Federal Reserve Banks, located in major cities throughout the Nation.

Today, the Federal Reserve sets the nation's monetary policy, supervises and regulates banking institutions, maintains the stability of the financial system, and provides financial services to depository institutions, the U.S. government, and foreign official institutions.

Click here to view our Federal Reserve History site

Watch ceremony on demand | | Transcript (PDF)

Looking Back

The Fed's centennial year begins on December 23, 2013, the 100th anniversary of the signing of the Federal Reserve Act. Click here to view our historical photo gallery.

Central Bank Federal Programs

The Federal Reserve System, the central bank of the United States, was founded by Congress to provide a safe, flexible and stable monetary and financial system.The Federal Reserve carries out the nation’s monetary policy guided by the goals set forth in the Federal Reserve Act, namely "to promote effectively the goals of maximum employment, stable prices, and moderate long-term interest rates."The Federal Reserve influences the economy through the market for balances that financial institutions maintain in their accounts at Federal Reserve Banks. The demand for Federal Reserve balances has two components: balances to satisfy reserve balance requirements and excess reserve balances. The supply of balances is affected by a number of factors, including loans from the Federal Reserve through its discount window facility and term deposits accepted by the Federal Reserve.The Federal Reserve Banks offer a range of tools and information to assist financial institutions in meeting reporting requirements and understanding policies governing reserve requirements, term deposits and discount window lending programs;

please visit at https://frbservices.org/central-bank/index.html

United States Central Bank History

Central Banks of the World

A central bank, reserve bank, or monetary authority is an institution that manages a nation’s (or in a few cases, groups of nations’) currency, money supply, and interest rates. These institutions are also usually in charge of overseeing the commercial banking sector within their jurisdictions.One of the primary functions of a monetary authority (central bank) is to control the nation’s money supply through its monetary policy. One of the primary ways that it does this is through management of policy interest rates. The policy interest rate is the rate that the monetary authority sets in order to influence the evolution of the main monetary variables in the economy such as consumer prices, exchange rate or credit expansion, among others Central banks are a great source of country-specific economic data. This directory of central banks around the world includes mailing addresses, emails, phone numbers and websites. Scroll down to find a bank or use the "Find Bank" dropdown to skip to a specific bank faster.

The central banks of Africa

There are two African currency unions associated with multinational central banks;

the West African Centrale Bank (BCEAO) and the Central Bank African(BEAC). the Members of both currency unions use the CFA Francs as their legal tender.Below is a list of the central banks and currencies of Africa.

Rewarding Banking Excellence in Africa

The African Banker Awards are designed to recognize the reforms, rapid modernisation, consolidation, integration and expansion of Africa’s banking and financial system.

Africa's Most Prestigious Banking Awards

The most prestigious event in Africa’s banking and finance sector, The African Banker Awards, is held Under the High Patronage of the African Development Bank.The annual event, which takes place during the annual meeting of the African Development Bank, highlights the achievements of companies and individuals that contribute to the transformation and development of Africa’s financial sector.

TREASURER OF THE UNITED STATES

Treasurer of the United States Jovita Carranza serves as a principal advisor to Secretary Mnuchin. Her primary focus is to increase participation in the vibrant U.S. economy by fostering financial capability and sustainability.Consistent with Treasury’s mission to maintain a strong economy, foster economic growth, and promote prosperity and stability, Treasurer Carranza oversees the Office of Consumer Policy. This Office provides policy leadership, research, and analysis in these areas, and coordinates the interagency Financial Literacy and Education Commission on behalf of the Secretary, its Chair.

The Treasurer also serves as the Secretary’s designee on the Community Development Financial Institutions Fund’s Community Development Advisory Board. In addition to these functions, the Treasurer maintains the historic role of advising the Secretary on matters relating to coinage produced by the U.S. Mint. She has oversight responsibility for all operations of the U.S. Mint, including Fort Knox.

She is also a key liaison with the Federal Reserve System.Treasurer Carranza is a Chicago native and Founder of JCR Group. She previously served as the Deputy Administrator for the U.S. Small Business Administration under President United States, where she received a bi-partisan unanimous confirmation by the U.S. Senate.

At SBA, she managed more than 80 field offices across the country and a portfolio of direct and guaranteed business loans, venture capital investments, and disaster loans worth almost $80 billionPrior to her SBA appointment, Carranza had a distinguished 20+ year career at United Parcel Service (UPS), where she was the highest-ranking Latina in the history of the company. She started as a part-time, night-shift box handler and worked her way up to President of Latin America and Caribbean operations.

As Vice President of Air Operations at its facility in Louisville, KY, she led the cutting-edge automated package processing operation.Treasurer Carranza’s prior philanthropic activities include serving on several boards and councils including: the American Cancer Society Corporate Advisory Board; Illinois Enterprise Zone Advisory Board; U.S. Global Leadership Council; U.S. Small Business AdministrationSe rvice Corps of Retired Executives-SCORE; and as a Trustee Chair at the School of Business Council at Alverno College. Treasurer Carranza earned her MBA from the University of Miami in Coral Gables, Florida and received executive, management, and financial training at the INSEAD Business School in Paris, France; Michigan State University; and the University of Chicago.

What does the CDFI Fund Do?

The Community Development Financial Institutions Fund (CDFI Fund) plays an important role in generating economic growth and opportunity in some of our nation's most distressed communities. By offering tailored resources and innovative programs that invest federal dollars alongside private sector capital, the CDFI Fund serves mission-driven financial institutions that take a market-based approach to supporting economically disadvantaged communities. These mission-driven organizations are encouraged to apply for CDFI Certification and participate in CDFI Fund programs that inject new sources of capital into neighborhoods that lack access to financing.

Each business financed, each job created, and each home built represents a critical step in the transformation of a life, a family, and a community. This is real change. This is the CDFI Fund. Discover More

Director

Jodie Harris is the Director of the U.S. Department of the Treasury's Community Development Financial Institutions Fund (CDFI Fund). The CDFI Fund generates economic growth and opportunity in some of our nation's most distressed communities. By offering tailored resources and innovative programs that invest federal dollars alongside private sector capital, the CDFI Fund serves mission-driven financial institutions that take a market-based approach to supporting economically disadvantaged communities.

More information : CDFI Members of Staff

TREASURY PROGRAM

Bank Enterprise Award Program › The BEA Program awards FDIC-insured depository institutions for increasing their support of CDFIs and advancing their community development activities in many of our country’s most highly distressed communities. These activities promote economic opportunity and impact real lives nationwide.

Capital Magnet Fund › Through the Capital Magnet Fund, the CDFI Fund provides competitively awarded grants to CDFIs and qualified non-profit housing organizations. These awards can be used to finance affordable housing activities, as well as related economic development activities and community service facilities.

CDFI Bond Guarantee Program › Through the CDFI Bond Guarantee Program, the Secretary of the Treasury makes debt available to CDFIs from the Federal Financing Bank. The loans provide long-term capital not previously available to CDFIs, and inject new and substantial investment into our nation’s most distressed communities.

CDFI Program › The CDFI Program uses monetary awards (Financial Assistance and Technical Assistance) and training opportunities to invest in and build the capacity of CDFIs, empowering them to grow, achieve organizational sustainability, and drive community revitalization.

CDFI Rapid Response Program › The CDFI Rapid Response Program is designed to quickly deploy COVID-19 relief capital to Certified CDFIs.

Native Initiatives › Through the use of monetary awards (Financial Assistance and Technical Assistance) and training opportunities, the CDFI Fund’s Native Initiatives program creates jobs, builds businesses, and fosters economic self-determination in Native Communities nationwide.

New Markets Tax Credit Program › The NMTC Program incentivizes community development and economic growth through the use of tax credits that attract private investment to distressed communities. This tax incentive sparks the revitalization of communities in need.

Small Dollar Loan Program › The Small Dollar Loan Program was created to help Certified CDFIs provide alternatives to high cost small dollar loans.

More information : Program Communities development Financial

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MANUFACTURED Gov

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