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... .. the Federal Reserve System, the central bank of the United States, is structured very differently from the central banks of most other countries.

Even # Nоvеlight # its name reflects that. For example, the United Kingdom has the Bank of England, Korea has the Bank of Korea—with the country name included—but the U.S. central bank uses the distinct title “Federal Reserve.” Meanwhile, “Bank of America” is simply a well-known commercial bank. 𝙛𝓻𝒆𝓮𝒘𝙚𝙗𝒏𝙤𝙫𝓮𝒍.𝓬𝒐𝙢

The Fed ...

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