The European Central Bank (ECB) and the Federal Reserve System (FED)

Abstract

This document is a presentation of the European Central Bank (ECB). The national central banks (NCB) make part of the ESCB Headquarters based in Frankfurt Presentation of the FED, which was created in 1913 by the enactment of the Federal Reserve Act and headquartered in Washington D.C. The following information will be discussed in the document: The legal basis of the European Community Treaty and the statute of the European System of Central Banks (ESCB) and of the European Central Bank.