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What accounts for the geographic dispersion of the Federal Reserve district banks? Shouldn
Solution
For the purpose of carrying out these day-to-day operations of the Federal Reserve System, the
nation has been divided into twelve Federal Reserve Districts, with Banks in Boston, New York,
Philadelphia, Cleveland, Richmond, Atlanta, Chicago, St. Louis, Minneapolis, Kansas City,
Dallas, and San Francisco. Twenty-five Branches of these Banks serve particular areas within
each District

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