NAICS Code 521110-01 - Federal Reserve Banks

Marketing Level - NAICS 8-Digit

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NAICS Code 521110-01 Description (8-Digit)

Federal Reserve Banks are a part of the Monetary Authorities-Central Bank industry, which is responsible for regulating and overseeing the monetary policy of a country. The Federal Reserve Banks are a network of 12 regional banks located throughout the United States, each serving a specific geographic area. They are responsible for implementing monetary policy, supervising and regulating banks, and providing financial services to the U.S. government, financial institutions, and foreign central banks.

Parent Code - Official US Census

Official 6‑digit NAICS codes serve as the parent classification used for government registrations and documentation. The marketing-level 8‑digit codes act as child extensions of these official classifications, providing refined segmentation for more precise targeting and detailed niche insights. Related industries are listed under the parent code, offering a broader context of the industry environment. For further details on the official classification for this industry, please visit the U.S. Census Bureau NAICS Code 521110 page

Tools

Tools commonly used in the Federal Reserve Banks industry for day-to-day tasks and operations.

  • Open Market Operations
  • Discount Window
  • Reserve Requirements
  • Interest on Reserves
  • Term Auction Facility
  • Payment System Risk Policy
  • Fedwire Funds Service
  • Fedwire Securities Service
  • National Settlement Service
  • Check 21

Industry Examples of Federal Reserve Banks

Common products and services typical of NAICS Code 521110-01, illustrating the main business activities and contributions to the market.

  • Monetary Policy
  • Bank Supervision
  • Financial Services
  • Payment Systems
  • Economic Research

History

A concise historical narrative of NAICS Code 521110-01 covering global milestones and recent developments within the United States.

  • The Federal Reserve System was established in 1913 as a response to the financial panics that had occurred in the United States. The system was created to provide a stable and flexible monetary and financial system for the country. The Federal Reserve Banks were established as part of this system, with the first bank opening in 1914 in Atlanta. Over the years, the Federal Reserve Banks have played a critical role in the US economy, including providing liquidity during times of financial stress, regulating banks, and conducting monetary policy. In recent history, the Federal Reserve Banks have been involved in several notable events, including the response to the 2008 financial crisis and the implementation of the Dodd-Frank Wall Street Reform and Consumer Protection Act.