how many federal reserve branch banks are there?
The Federal Reserve Act was established by Congress in 1913 and signed by President Woodrow Wilson on December 23, 1913. The Federal Reserve Bank of Kansas City opened on November 21, 1914. How many Federal Reserve Banks are there? There are 12 Reserve Banks in Boston, New York, Philadelphia, Cleveland, Richmond, Atlanta, Chicago, St. Louis, Minneapolis, Kansas City, Dallas and San Francisco. Why does Missouri have two Reserve Banks â Kansas City and St. Louis?