The Federal Reserve System is divided into 12 districts, each served by one of the Federal Reserve district banks, located in the following cities: Boston, MA; New York, N. Y.; Philadelphia, PA; Washington, D. C.; Richmond, VA; Atlanta, GA; St. Louis, MO; Dallas, TX; Cleveland, OH; Chicago, IL; Minneapolis, MN; Kansas City, MO; and San Francisco, CA. Today, the U. S. population is centered just west of the Mississippi River long dash that is, about half of the population is either to the west or the east of a line running roughly just west of this river. The current locations of Fed districts and banks are structured this way because

Question

Social Studies

King Villarreal

25 August, 18:45

The Federal Reserve System is divided into 12 districts, each served by one of the Federal Reserve district banks, located in the following cities: Boston, MA; New York, N. Y.; Philadelphia, PA; Washington, D. C.; Richmond, VA; Atlanta, GA; St. Louis, MO; Dallas, TX; Cleveland, OH; Chicago, IL; Minneapolis, MN; Kansas City, MO; and San Francisco, CA. Today, the U. S. population is centered just west of the Mississippi River long dash that is, about half of the population is either to the west or the east of a line running roughly just west of this river. The current locations of Fed districts and banks are structured this way because

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Answers (1)

Know the Answer?

Irvin Watson · Answer 1

Population used to be centered differently

Explanation:

The East Coast was where the US began and the rust belt was where the US became wealthy. So, the majority of the district banks reflect that history.