HQ Function

Serves as the central governing body of the Federal Reserve System, overseeing the 12 Federal Reserve Banks, formulating monetary policy through the FOMC, supervising and regulating banks, and working to maintain financial stability.

Notable Features:

The Marriner S. Eccles Building is a prominent example of stripped classical architecture, designed by Paul Philippe Cret. It features a distinctive H-shape, notable artwork, and occupies a key location near the National Mall. The building also includes the William McChesney Martin Jr. Building.

Work Culture:

A highly professional, research-intensive, and policy-focused environment. It employs economists, analysts, legal staff, and regulatory experts dedicated to public service and the nation's economic well-being. The culture emphasizes rigorous analysis, data-driven decision-making, and collaboration.

HQ Significance:

The Eccles Building is the central point for U.S. monetary policy decisions, banking regulation, and financial system oversight. Decisions made here have profound impacts on the U.S. and global economies.

Values Reflected in HQ: The headquarters' design and operations reflect values of stability, integrity, public service, independence in monetary policy, and analytical rigor in economic stewardship.

Location:

While its mandate is primarily domestic, the Federal Reserve System has a significant global presence and influence. It actively engages with foreign central banks, finance ministries, and international organizations such as the Bank for International Settlements (BIS), the International Monetary Fund (IMF), and the Financial Stability Board (FSB). These interactions involve policy coordination, information sharing, research collaboration, and technical assistance. The Federal Reserve Bank of New York, in particular, plays a crucial role in international finance by providing correspondent banking services to foreign central banks and managing U.S. dollar swap lines with other major central banks to provide liquidity during times of global financial stress. The Fed's monetary policy decisions have substantial spillover effects on global financial markets, exchange rates, and capital flows.

Street Address:

Marriner S. Eccles Building, 20th Street and Constitution Avenue N.W.

City:

Washington

State/Province:

D.C.

Country:

USA