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Federal Reserve Bank of Kansas City: Responsibilities and Areas Served

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Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and behavioral finance. Adam received his master's in economics from The New School for Social Research and his Ph.D. from the University of Wisconsin-Madison in sociology. He is a CFA charterholder as well as holding FINRA Series 7, 55 & 63 licenses. He currently researches and teaches economic sociology and the social studies of finance at the University of Lucerne in Switzerland.Adam's new book, "Irrational Together: The Social Forces That Invisibly Shape Our Economic Behavior" (University of Chicago Press) is a must-read at the intersection of behavioral economics and sociology that reshapes how we think about the social underpinnings of our financial choices.
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Updated January 07, 2025
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Federal Reserve Bank of Kansas City

Investopedia / Sydney Saporito
Definition
The Federal Reserve Bank of Kansas City is one of the 12 Federal Reserve Banks.

What Is the Federal Reserve Bank of ༒Kansas City?

The Federal Reserve Bank of Kansas City is one of 12 reserve banks in the Federal Reserve System (FRS). Informally referred to as the Kansas City Fed, it is responsible for the 10th district, which covers Colorado, Kansas, Nebraska, Oklahoma, and Wyoming, as well as 43 counties in western Missouri and 14 counties in northern New Mexico. The Kansas City Fed is located in Kansas City, MO, and has branches in Denver, Oklahoma City, and Omaha.

Key Takeaways

  • The Federal Reserve Bank of Kansas City is one of the 12 regional banks that make up the Federal Reserve System.
  • The bank oversees the 10th district, covering much of America's heartland.
  • Headquartered in Kansas City, MO, the Kansas City Fed operates additional branch offices in Denver, Oklahoma City, and Omaha.
  • The bank plays an important role in shaping monetary policy, supervising financial institutions, and providing economic research tailored to the regions specific needs, such as agriculture.

ꦐ Understanding the Federal Reserve Bank of Kansas City

The Federal Reserve Bank of Kansas City implements within its geographical coverage area the general functions of the Federal Reserve System: conducting 澳洲幸运5开奖号码历史查询:monetary policy, promoting the stability of the financial system, maintaining a safe and efficient payments system, regulating and supervising banks, and protecting consumers and the community.

The Kansas City Fed researches economic developments in its territory, providing input (along with the other regional Feds) into national policy. It also regulates and supervises banks in its region, a critical function for financial system stability.

Additionally, the Kansas City Fed supports the payments system through actions such as monitoring regional demand for currency and coin, distributing new currency and replacing worn currency, and detecting counterfeit currency. Each of the regional Feds prints currency. Bank notes printed by the Federal Reserve Bank of Kansas City are denoted by the mark "J10", representing the 10th district (J is also the 10th letter of the alphabet).

The Federal Reserve Bank of Kansas City is the second-largest reserve bank in terms of geographical territory, behind the 澳洲幸运5开奖号码历史查🌌询:Federal Reserve Bank of San Fran♎cisco. Jeffrey R. Schmid, the 10th president of the Kansas City Fed, has served as president and chief executive officer of the Kansas City Fed since August 2023.

Image
Image by Sabrina Jiang © Investopedia 2020 

Organization and Characteristics

The Kansas City Fed is unique among the regional Feds in having a high concentration of community banks—i.e. banks that borrow from and lend to the communities where they operate rather than being part of a 澳洲幸运5开奖号码历史查询:multi-bank holding company—within its geographic coverage area.

Due to the location of the 10th district in the heavily agricultural Great Plains region, agricultural lending and credit markets are particularly important to the Kansas City Fed. It publishes a quarterly Survey of Agricultural Credit Conditions for the 10th district, as well as a national Agricultural Finance Databook.

What Does the Federal Reserve Bank of Kansas City Do?

The Federal Reserve Bank of Kansas City has many of the same responsibilities as other Federal Reserve banks, which include supervising and regulating member banks, implementing monetary policy, distributing currency, and providing financial services to banks and the government. Because of the bank's location in the farm belt, it strongly focuses on agriculture. It monitors agricultural economic conditions, such as farm income, commodity prices, and rural credit markets. It also conducts research and surveys, such as the quarterly Survey of Agricultural Credit Conditions.

Is the Federal Reserve Bank a Traditional Bank?

The Federal Reserve is not a bank in the traditional sense where individuals or businesses can open bank accounts. It is the central bank of the United States, which oversees monetary policy and the 𝔍banking system to ensure economic and financial stability.

Why Are There 12 Federal Reserve Banks?

The 12 Federal Reserve banks were set up to establish a decentralized approach to central banking, due to the initial distrust of centralized power in the U.S. at the time of its founding. Additionally, given the large size of the U.S., many regional economies were and to this day are very different from one another. Having regional banks speജcialized in the specific economies of the area made sense.

The Bottom Line

The Federal Reserve Bank of Kansas City is one of the 12 U.S. 澳洲幸运5开奖号码历史查询:Federal Reserve banks. It serves the 10th district, which covers Colorado, Kansas, Nebraska, Oklahoma, Wyoming,🎃 and some counties in Missouri and New Mexico.

It performs the same functions as the other fed banks, including monetary policy, bank regulation, financial stability, and consumer protection. Given its location in America's heartland, it is heavily involved in agricultural lending and community banks.

Article Sources
Investopedia requires writers to use primary sources to support their work. These include white papers, government data, original reporting, and interviews with industry experts. We also reference original research from other reputable publishers where appropriate. You can learn more about the standards we follow in producing accurate, unbiased content in our editorial policy.

  1. Board of Governors of the Federal Reserve System. "."

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  4. U.S. Currency Education Program. "."

  5. Federal Reserve Bank of St. Louis. "."

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