Question

The u.s. central banking function is jointly held by the 12 regional fed banks, but open market operations are mainly completed by the ___________ fed.

Answer 1

Options are missing so I had to look for it. Here is my answer.

It was the NEW YORK FED (Federal Reserve Bank) that completed the open market operations while it is the U.S Central Banking Function that is connectedly held by the 12 regional Fed banks. The answer is New York. Hope this helps.