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Federal Reserve System

(Encyclopedia)Federal Reserve System, central banking system of the United States. Established in 1913, it began to operate in Nov., 1914. Its setup, although somewhat altered since its establishment, particularly ...

federal government

(Encyclopedia)federal government or federation, government of a union of states in which sovereignty is divided between a central authority and component state authorities. A federation differs from a confederation...

National Estuarine Research Reserve System

(Encyclopedia)National Estuarine Research Reserve System: see under National Marine Sanctuary Program. ...

Martin, William McChesney, Jr.

(Encyclopedia)Martin, William McChesney, Jr., 1906–98, U.S. banker, chairman of the Board of Governors of the Federal Reserve System (1951–70), b. St. Louis. After an early career as a stockbroker, Martin becam...

Federal Deposit Insurance Corporation

(Encyclopedia)Federal Deposit Insurance Corporation (FDIC), an independent U.S. federal executive agency designed to promote public confidence in banks and to provide insurance coverage for bank deposits up to $250...

National Petroleum Reserve

(Encyclopedia)National Petroleum Reserve, area, c.23 million acres (9.32 million hectares), Alaska North Slope, situated W of Prudhoe Bay and the Arctic National Wildlife Refuge. The reserve, which is the largest r...

national bank

(Encyclopedia)national bank, in the United States, financial institution of a class authorized by Congress in acts of 1863 and 1864. The acts were intended to provide a way of marketing the large bond issues made n...

spoils system

(Encyclopedia)spoils system, in U.S. history, the practice of giving appointive offices to loyal members of the party in power. The name supposedly derived from a speech by Senator William Learned Marcy in which he...

Independent Treasury System

(Encyclopedia)Independent Treasury System, in U.S. history, system for the retaining of government funds in the Treasury and its subtreasuries independently of the national banking and financial systems. In one for...

Federal Aviation Administration

(Encyclopedia)Federal Aviation Administration (FAA), component of the U.S. Department of Transportation that sets standards for the air-worthiness of all civilian aircraft, inspects and licenses them, and regulates...