Central Banks


  Federal Reserve (FED) 0.00%-0.25% Oct 30, 2013

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 The Federal  Reserve  System is  the central  banking  system of  the  United  States . It  was  created in  1913 by  the  enactment  of  the  Federal Reserve Act , largely as a response to a series of financial  panics  or bank runs , particularly a severe panic in 1907. Over time,
 the  roles  and responsibilities of the Federal Reserve System have
 expanded and  its structure has evolved.

 Chairman: Ben S. Bernanke

 Current Voting Members: William C. Dudley, James  Bullard ,  Elizabeth
 A. Duke, Charles L. Evans, Esther L. George, Jerome H. Powell, Sarah  Bloom  Raskin, Eric  S. Rosengren , Jeremy C . Stein, Daniel K. Tarullo,  Janet L. Yellen


European Central Bank 0.50% Nov 07, 2013

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 The European Central Bank(ECB) is one of the world's most important  central banks,responsible for monetary policy covering the 16 member  States of the Eurozone . It was  established  by  the European  Union  (EU) in 1998 with its headquarters in Frankfurt, Germany.

 President: Mario Draghi



Bank of England 0.50% Nov 07, 2013

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 The Bank of England is , despite  its  name , the central  bank of the  whole  of  the United  Kingdom  and  is the  model  on  which  most
 modern ,large central banks have been based .It was established in  1694 to act as the  English  Government's banker , and to this day it
 still acts as the banker for the UK Government.

 Chairman: Mark Carney  


Swiss National Bank 0.00% Dec 12, 2013

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 The Swiss National Bank (SNB) is the central bank of Switzerland . It 
 is responsible for Swiss  monetary policy and for  issuing  Swiss franc  banknotes.The SNB is an Aktiengesellschaft under special regulations.  About 55% of its shares are owned by public institutions like cantons  and cantonal banks. The  remaining  shares  are traded on the stock  market. They are mostly owned by private individuals.

 Chairman: Thomas Jordan


Reserve Bank of Australia 2.50% Nov 05, 2013

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 The Reserve Bank of  Australia came into being on 14 January 1960
 as Australia's central bank and banknote  issuing authority,when the  Reserve Bank Act  195 9 removed the central banking functions from  the Commonwealth  Bank to it . The Bank  has  the  responsibility  of
 providing  services to the  Government of Australia , which the profits
 of the Bank are transferred back to, in addition to also providing  services to other central banks and official institutions.

 Chairman: Glenn Stevens


Bank of Canada 1.00% Dec 04, 2013

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 The Bank of Canada (in French: Banque du Canada) is Canada's 
 central bank. It was created by the Bank of Canada Act of 1934, to  "promote the economic and financial well-being of Canada." It is the 
  sole issuer of banknotes in Canada, and the central bank for the  Canadian dollar. The bank's headquarters are located in the Bank of
 Canada Building at the corner of Wellington and Bank Streets in  downtown Ottawa.

 Chairman: Stephen S. Poloz


 Current Voting Members:Stephen S. Poloz,Tiff Macklem,William Black,  Phyllis Clark, Philip Deck, Douglas Emsley, Jock Finlayson, Brian  Henley, Daniel Johnson, Claire M. C. Kennedy, Derek D. Key, David  Laidley, Leo Ledohowski, Richard McGaw

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