Question

The Federal Reserve System divides the nation into 12 districts. a. List the 12 cities in which the district banks are located. b. Which Federal Reserve district do you live in?

Short answer

Question: List the twelve cities where the Federal Reserve District Banks are located and determine which district you live in. Answer: The twelve cities where the Federal Reserve District Banks are located are Boston, New York, Philadelphia, Cleveland, Richmond, Atlanta, Chicago, St. Louis, Minneapolis, Kansas City, Dallas, and San Francisco. To determine the district you live in, refer to the Federal Reserve District map (available on the Federal Reserve website) and identify your state's corresponding district number.

Step-by-step solution

Part a: Identifying the 12 Federal Reserve District Bank Cities

Begin by researching information about the 12 Federal Reserve District Banks. The cities where each of these banks are located include: 1. First District - Boston 2. Second District - New York 3. Third District - Philadelphia 4. Fourth District - Cleveland 5. Fifth District - Richmond 6. Sixth District - Atlanta 7. Seventh District - Chicago 8. Eighth District - St. Louis 9. Ninth District - Minneapolis 10. Tenth District - Kansas City 11. Eleventh District - Dallas 12. Twelfth District - San Francisco

Part b: Determining Your Federal Reserve District

In order to determine which Federal Reserve District you live in, locate your residential state within the United States. A map can be found on the Federal Reserve website: https://www.federalreserve.gov/aboutthefed/districts.htm By looking at the map, identify the district boundaries and match them with your state to determine the number of the Federal Reserve District you live in. Keep in mind that district boundaries are not based solely on geography, but also on economic ties and population distribution within each district.