BankRegWire. Vol. I · No. 1 ◆ The Wire Room

III · Structural Frameworks · Dispatch № 20 Filed from the primary source · Conclusions front-loaded

The Federal Reserve System

What the central bank actually does — monetary policy, supervision, payments, financial stability — and the deliberately split structure of a federal-agency Board overseeing twelve quasi-private Reserve Banks, read from statute and the System's own org charts.

At a glance — the System's current operating state.

About this dispatch. Built as a single self-contained HTML file (no build step, no server) for direct static deployment. The U.S. map is drawn from public-domain Census cartography (us-atlas), projected with d3-geo's Albers USA; markers sit at each Reserve Bank's actual head-office city. District tints map each state to its primary district — several states (Missouri, Tennessee, New Jersey, West Virginia, and others) are split between districts, so the shading is indicative, not survey-exact.

Primary sources: Federal Reserve Board (federalreserve.gov) — FOMC, structure, payments, and the Dec. 11, 2025 president-reappointment release; the twelve Reserve Banks' own leadership pages (supervision heads); U.S. Code (Title 12) via the Office of the Law Revision Counsel & Cornell LII; the Federal Register; CRS R48233. Personnel, rates, and balance-sheet figures are current as of the date stamped above and should be reverified before publication.

BankRegWire. Vol. I · No. 1 · Dispatch № 20 · Rev. June 2026 ◆ Primary-source methodology · Conclusions front-loaded

Filed from the wire room · Set in Fraunces, Archivo & JetBrains Mono