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In as many as 12 cities, there are Federal Reserve district banks located in the United States of America. The correct option among all the options that are given in the question is the second option. The number of banks has been increased for the purpose of carrying out the daily activities of the Federal Reserve System.
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The Federal Reserve district banks of the United States of America are located in 12 cities.

What is the Federal Reserve System?

The Federal Reserve System commonly known as the "Fed" around the world was created by the Federal Reserve Act and it was enacted into law on the 23rd of December, 1913 by the U.S Congress.

Historically, the Federal Reserve System (Fed) began its operation in 1914 and just like all central banks, it is considered as a United States government agency.

In conclusion, the Federal Reserve System (Fed) comprises twelve (12) Federal Reserve district banks and they are regionally located across the United States of America.

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