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The Federal Reserve Board, commonly known as the Fed, is the central authority of the Federal Reserve System, which serves as the central banking system of the United States. Established in 1913, the Fed aims to create a stable monetary system and address banking panics. Headquartered in Washington, D.C., it oversees 12 regional Federal Reserve Banks, balancing regional insights with national policy. The Fed has five main functions: conducting monetary policy to promote maximum employment and stable prices, ensuring financial system stability, supervising and regulating financial institutions, fostering efficient payment and settlement systems, and promoting consumer protection and community development. It also provides essential services such as payment processing and economic data publications, including the Beige Book and the FRED database. The Fed plays a crucial role in supporting the U.S. economy and serves various stakeholders, including depository institutions, the U.S. government, and foreign official institutions.
Our mission is to encourage lifelong learning and to improve the quality of life in our community. We strive to maintain the highest possible standards of service, by providing cultural, recreational, and informational resources to meet the needs of our growing and changing population.
The Sims-Lohman advantage includes a broad product selection, faster turnaround and a ‘one-stop solution for countertops and cabinets. Sims-Lohman fabricates more than 30,000 granite and quartz countertops while providing the cabinetry for more than 50,000 kitchens annually. Sims-Lohman now has 28 sales showrooms, six regional distribution centers and six state-of-the-art granite and quartz countertop manufacturing plants across eight states.
Commencement Bank, headquartered in Tacoma, WA, was formed in 2006. We provide traditional, reliable, and sustainable banking in Pierce County, South King County, Thurston County and the surrounding areas. Our team of experienced banking experts focuses on personal attention, flexible service, and building strong relationships with customers. As a local bank, Commencement Bank is deeply committed to the community.