Answer:
There are 12 Federal Reserve regional banks. A further explanation is given below.
Explanation:
So, there are many 12 area Federal Reserve banks.
Despite the latter's independence towards political interference, the federal reserve system is perceived to be autonomous. This is because a director of the Federal Reserve executive committee is named for a maximum term duration of 14 years. This starts and ends the duration of three or four U.S president and thereby actually protects the board against political control.
Representatives are named to the board of directors for a period of 14 years.